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Hotel Equities Names Andrew Pace as
Director of Acquisitions and Construction
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ATLANTA (September 26, 2007) –Atlanta-based Hotel Equities (HE) recently named Andrew J. Pace to the position of Director of Acquisitions and Construction.  His focus and responsibilities include determining market feasibility of multiple new hotel development projects and acquisition-conversion opportunities.  He provides entitlement, permitting, construction and development services for company owned and affiliated projects primarily utilizing the Marriott and Hilton brands.  
  
“Andrew brings a wealth of experience in hotel site acquisition and development, especially in extended stay,” said Fred Cerrone, President and CEO of Hotel Equities.  “He has a proven track record as a highly skilled and capable leader and he will be an outstanding asset to our organization.”
 
Before the move to Hotel Equities, Mr. Pace served as President of Development & Acquisitions for Longhouse Hospitality, an Atlanta-based owner and operator of the Sun Suites, Crestwood Suites and Jameson Inn hotel brands. Unique to many developers, Mr. Pace also has extensive operations experience having served as President of Park Management Group, an affiliate of Longhouse Hospitality.  He was responsible for managing 600 employees, including a corporate staff of 22, for the privately-owned lodging chain of 42 extended stay hotels and six third-party managed hotels.  

Mr. Pace began his hospitality career as founder and president of SuiteOne Hotels, LLC where he developed and operated seven extended stay hotels in the Southeast.  A past member of the American Hotel & Lodging Association (AHLA) Extended Stay Council, he presently serves on the Advisory Board for Georgia State University's Cecil B. Day School of Hospitality.  He is as an executive officer of the State of Georgia following an appointment in 1999 to the State Board of Architects and Interior Designers.  
 
A graduate of Georgia State University with a B.B.A. in Marketing, Mr. Pace holds an Executive MBA from Mercer University in Atlanta.  He and his wife Andrea are the parents of three teenage boys.  A leader in many community activities, Mr. Pace enjoys playing ALTA tennis, gardening and traveling. He and his family reside in Lawrenceville.
 
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO.  HE manages 17 properties: five Fairfield Inn & Suites by Marriott  hotels in Buckhead, Perimeter Center, Alpharetta, Kennesaw and Macon, GA; one Fairfield Inn in Lumberton, NC; two TownePlace Suites by Marriott  hotels in Alpharetta and Kennesaw; three SpringHill Suites by Marriott hotels in Alpharetta, Buford and Kennesaw; the Hampton Inn-Mall of Georgia; the Hampton Inn-Stone Mountain; the Hampton Inn-Hilton Head;  the Wingate Inn-Alpharetta,  the Sleep Inn & Suites, Kingsland, GA and Simpsonwood Conference and Retreat Center in Atlanta.

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Contact:

Frederick W. Cerrone, CHA, 
President and CEO, 
Hotel Equities, 678.578.4444

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Also See: Gary Finnell Named Director of Development for Sivica Hospitality / October 2005
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