PLANO, Texas—Aimbridge Hospitality introduced the appointment of an expanded Board of Managers that brings expertise in hospitality and strengthens Aimbridge’s basis. These Board appointments comply with the completion of the corporate’s beforehand introduced stability sheet restructuring.
The 4 new managers—Glenn Alba, Wealthy Gomel, Carrie McIntyre, and Emanuel (Manny) Pearlman—be part of present Board members Steve Joyce and Craig S. Smith, CEO of Aimbridge Hospitality.
“We’re excited to have Glenn, Wealthy, Carrie, and Manny be part of the Aimbridge Board at this essential second for the corporate,” mentioned Smith. “They create spectacular monitor information and vital experience throughout hospitality, actual property, and finance, and we stay up for leveraging their management and distinctive insights to ship best-in-class lodge working efficiency, advancing our place because the lodge operator of alternative.”
Smith added, “Trying forward, the aim and recreation plan are clear—ship outcomes for our house owners and model companions. We’re doubling down on execution, ramping up investments, and accelerating innovation within the providers that set us aside. All of it comes all the way down to driving even higher efficiency throughout our properties and portfolio and creating a good stronger Aimbridge.”
With the assist of the corporate’s lenders, Aimbridge transformed greater than $1 billion of debt into fairness and obtained $100 million in new capital. This strengthened stability sheet gives enhanced liquidity and new assets to additional put money into the corporate’s technique and operational capabilities, drive efficiency, and develop its management place.
The next unbiased managers have been appointed by the brand new buyers:
Glenn Alba
Glenn Alba is a longtime actual property and lodge investor with greater than 23 years of institutional investing expertise throughout all sorts of business actual property in the US and overseas. He presently serves as co-founder and managing member of TMGOC Ventures, an actual property and growth non-public fairness agency with a give attention to the hospitality and multi-family sectors. He beforehand based and served as CEO of Opterra Capital. His expertise additionally features a 20-year tenure with Blackstone Actual Property, the place he served as head of world portfolio administration and led the asset administration of Blackstone Actual Property’s U.S. lodge investments. Alba beforehand served as a Board Member for CorePoint Lodging Inc. and La Quinta Holdings, Inc., in addition to on the Interstate Resorts and Resorts Proprietor Advisory Board and the Doubletree Resorts Proprietor Advisory Council.
Wealthy Gomel
Wealthy Gomel has held a number of investing and working management roles at world corporations with expertise throughout actual property asset courses. He’s presently a associate and chief funding officer of Two Sigma Actual Property, the place he manages the general funding actions of the enterprise. He beforehand labored at Starwood Capital Group and Starwood Resorts, most not too long ago as managing director. Throughout this time, he served as CEO of Starwood Capital Group portfolio firm Groupe du Louvre. Following Starwood, Gomel served as senior funding officer and one of many authentic Companions of J.P. Morgan Asset and Wealth Administration’s opportunistic actual property enterprise, Junius Actual Property Companions. Earlier than becoming a member of Two Sigma Actual Property, Gomel was the managing associate of ARK, the true property funding platform of WeWork. Gomel has served on varied boards, together with Groupe du Louvre, Baccarat, Hersha Hospitality Administration, and 21c Museum Resorts.
Carrie McIntyre
Carrie McIntyre combines monetary experience with almost 20 years of expertise within the hospitality business. She is presently a associate and the CEO at VIRIDIS Fund Options. Earlier than becoming a member of VIRIDIS, she held management roles within the monetary sector, together with CEO of the third-party fund administration enterprise at StepStone Group and chief monetary officer at Greenspring Associates, the place she managed all fund accounting duties for the enterprise capital agency. Earlier than that, McIntyre served in varied accounting, finance, and company management positions within the hospitality business, together with company controller of MeriStar Resorts and Resorts and treasurer and chief monetary officer at Interstate Resorts and Resorts, main as much as its merger with Aimbridge Hospitality. Throughout her tenure at Interstate, McIntyre was a part of the management workforce that was answerable for a number of M&A transactions on the purchase aspect and the promote aspect, working beneath varied possession buildings, each private and non-private. Whereas serving as CFO, McIntyre labored intently with Interstate’s non-public fairness sponsors and the administration workforce to drive transformational strategic and working initiatives that yielded income progress with expanded margins.
Emanuel Pearlman
Manny Pearlman has over 35 years of expertise in management positions in investing, government finance, operations, and advisory roles with publicly traded and personal firms. He has labored in varied industries, together with hospitality, leisure, gaming, logistics, retail, and wholesaling. He presently serves because the chair and CEO of Liberation Funding Group. He’s a board member for MidCap Monetary Funding Company, Diebold Nixdorf, Inc., and LSC Communications LLC. He additionally serves on the advisory board of enterprise capital agency Sharp Alpha Advisors. Pearlman beforehand served as chairman of Empire Resorts and on the Boards of Community-1 Applied sciences, Fontainebleau Miami Seashore Lodge, and Jameson Inns, Inc. amongst others.
The brand new board members will be part of Steve Joyce and Craig S. Smith to spherical out the brand new board.