News for the Hospitality Executive
“While others in this down economy choose to slow their growth or even put it on hold, we at Aimbridge see it as an opportunity for growth,” said Aimbridge Hospitality President and CEO Dave Johnson. “We’re moving full speed ahead with our growth plans in the resort segment, and there is no better qualified, more experienced industry professional than Rich Cortese to lead that expansion in the Caribbean and Mexico. We’re honored that he has joined our executive team.”
Before joining Aimbridge, Cortese served as Executive VP of Caribbean Property Group (CPG), where he had both management and asset-management responsibilities for CPG’s $750 million hotel portfolio. Prior to that, as Regional Vice President for Wyndham Resorts Caribbean Cortese was responsible for overseeing management of three of Puerto Rico’s most successful resorts—El San Juan, El Conquistador and the Conrad Plaza—as well as other Wyndham properties in the Caribbean. In 2004, Cortese was named “Hotelier of the Year” by the Puerto Rico Hotel Assn., where he serves as a board member and Chairman of its Gaming Committee. Cortese also was appointed by the Governor of Puerto Rico to serve as a board member of the Puerto Rico Convention and Business Bureau.
“This is the ideal time for a forward-looking company like Aimbridge Hospitality to focus on creating a stronger presence in the Caribbean and Mexico resort markets,” Cortese said. “The company currently owns and manages more than 50 hotels in the United States and Puerto Rico, and within a very short time, I anticipate major deals will be announced."
For more information on Aimbridge Hospitality, please visit the company’s Web site at www.aimbridgehospitality.com.
About Aimbridge Hospitality
Aimbridge Hospitality is one of the nation’s leading independent hotel investment and management firms with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas, Aimbridge currently owns and/or manages 52 upscale, independent and branded hotels with nearly 11,000 rooms across the United States, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
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