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Thomas Geshay Appointed Senior Vice President of Real Estate for
Tarsadia Hotels


NEWPORT BEACH, Calif. (April 12, 2005) - Thom Geshay has joined Tarsadia Hotels as Senior Vice President of Real Estate. In this position Geshay is responsible for all new business activity and opportunities including acquisition, disposition and development for existing hotels, land, ground leases and any other real estate related investment vehicles.

Geshay's experience in the hospitality industry spans two decades during which he has held a variety of property and corporate level positions both in operations and business development.  He began his hotel career at an early age as a bellman, working his way through the ranks and acquiring considerable expertise in virtually every aspect of hotel development and operations. His strong operations background provides a unique perspective in uncovering value in underperforming assets.

Prior to joining Tarsadia, Mr. Geshay worked 18 years for Davidson Hotel Company, most recently as the Vice President of Business Development with direct responsibility for acquisitions, dispositions, financings and equity sourcing. During his tenure in Business Development, Geshay was involved in nearly $1.0 billion in acquisitions and recapitalizations, primarily single-asset and portfolio transactions, but also structured joint venture agreements, negotiated management contracts and negotiated franchise agreements with virtually every brand.

Geshay held several other strategic corporate positions during his tenure with Davidson including Regional Vice President of Operations and Vice President of Sales and Marketing.  Prior to his corporate positions, he served as General Manager for six separate properties within the Davidson portfolio. Established in 1976, Tarsadia Hotels has 29 years experience in hotel management, acquisition and development. Currently Tarsadia operates a total of 16 hotel properties in Southern California, San Francisco and Las Vegas, with 10 additional properties under development, representing a total portfolio of over 7,000 rooms.


Contact:
Lynn Kozlowski
Tarsadia Hotels
Telephone: (949) 610-8047
Email: LynnK@Tarsadia.com
Website: www.tarsadia.com
Also See: Tarsadia Boosting Upscale Hotel Holdings With Sutton Place Hotel in Newport Beach Buy / Sandi Cain / August 2004

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