ATLANTA — September 10, 2024 — Hotel Equities (HE) is pleased to announce the appointment of Kevin Kragnes as Vice President of Capital Services. Kragnes originally joined HE as part of their strategic partnership with National Hospitality Services (NHS) in 2023 and is now using his expertise to serve HE’s clients on a broader scale. His skill set is a tremendous asset to the organization’s strategic initiatives, particularly in navigating the complexities of capital markets and financing for the hospitality industry.
With over 30 years of experience in banking and finance, Kragnes is well-positioned to drive value for HE and its stakeholders. His responsibilities as VP of Capital Services include securing capital for new developments, expansions, and renovations, as well as overseeing relationships with lenders and investors and promoting new opportunities for tactical growth. His role also involves providing guidance on investment strategies, mitigating financial risks, and ensuring long-term financial health for the organization. Kragnes' ability to secure favorable terms and structure deals that benefit both investors and property owners will bring significant value to the company’s diverse portfolio of hotels.
"Kevin’s extensive background in finance, coupled with his leadership experience with NHS and his industry acumen, make him an invaluable addition to the team," said Joe Reardon, Chief Development Officer for HE. "We are confident that his experience and passion for service will provide outstanding financial solutions for our clients and partners."
Kragnes holds a Bachelor of Science in Finance and is a graduate of both the Commercial Lending School and the North Dakota School of Banking. His credentials extend beyond finance, as he is a licensed real estate agent and holds licenses in Property Casualty and Life and Health Insurance. Kragnes has also been an active leader in his community, serving as President of the West Fargo Chamber of Commerce and the West Fargo Exchange Club.
“I’m excited to bring my expertise to the wider Hotel Equities family and help drive continued growth for our partners,” said Kragnes. “In an industry where financial strategy is key to success, I look forward to leveraging my experience to help our clients achieve their goals.”
About Hotel Equities
Hotel Equities (HE) is an award-winning full-scale hotel ownership, management, and development firm with a portfolio of approximately 300 hotels and resorts throughout the United States, Canada, the Caribbean, and Latin America. Fred Cerrone, CHA, serves as Founder and Chairman; Brad Rahinsky serves as President and CEO. For more information on Hotel Equities, visit hotelequities.com.
