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Rick Rogovin Joins Dow Hotel Company as
Vice President of Business Development
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SEATTLE, Wash., January 22, 2009 -- The Dow Hotel Company, LLC, a hotel ownership investment and management company, today announced that Rick Rogovin, an executive with more than 20 years of institutional hotel investment experience, has joined the company as vice president of business development. 

In the newly created position, Rogovin will be responsible for reaching out to institutional investors, limited partnerships, individual investors, brokers and others to form strategic alliances, negotiate partnerships, and forge relationships to significantly expand Dow’s owned and joint-venture hotel portfolio, as well as acquire and develop third-party management contracts.  He will work closely with Mark Rosinsky, DHC’s s senior vice president of investments.

Prior to joining DHC, Rogovin was director – commercial mortgage investments, for Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA-CREF), a national financial services organization and the leading provider of retirement services to individuals and institutions in the academic, research, medical, philanthropic and cultural fields.  During his 14-year career there, he oversaw the organization’s national hotel lending program, placing an average loan volume of $350 million annually, and a $1.3 billion hotel mortgage portfolio.  

Earlier in his career he served as associate director new investments and senior investment analyst – hotel asset manager for TIAA-CREF.  Previously, he was assistant vice president/senior appraiser – commercial real estate appraisal for Apple Bank for Savings, one of the nation’s strongest depository institutions.  He began his career as vice president with Hospitality Valuation Services.

“We believe the next 18 to 24 months will create significant growth opportunities for our company in all three of our growth strategies:  acquisitions, joint ventures and third-party hotel management,” said Murray Dow, president of The Dow Hotel Company.  “Rick adds substantial bench strength in finance, investment, real estate and corporate leadership that will be particularly critical in the current economic environment,.  His high professional standards fit our culture perfectly.”  

Rogovin is a Certified Hotel Administrator and holds a Bachelor of Technology – Hotel Administration degree from New York City Technical College.  

About The Dow Hotel Company
Seattle-based The Dow Hotel Company is a hotel owner/investor and operator of first class, full-service hotels, with properties throughout the United States.  DHC is currently completing renovations at its Houston and Portland properties totaling more than $15 million.
The company’s portfolio of owned and managed properties consists of institutional-grade hotels under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza.  The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.

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Contact:

Dow Hotel Company
http://dowhotelco.com/

Jerry Daly
(703) 435-6293
jerry@dalygray.com

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Also See: Michael Pitstick and Steven Falciani Promoted to Regional Vice President of Operations for Dow Hotel Company / December 2008
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