News for the Hospitality Executive
Antonio Lariño Named Director, Hotels
for Rockwood Capital
WHITE PLAINS, N.Y. & SAN FRANCISCO-September 14, 2010 -Rockwood Capital, LLC, the private real estate investment firm, today announced that lodging and real estate investment professional Antonio Lariño has joined the firm as Director, Hotels. In this capacity, he will lead the hotel team and oversee investment strategy, acquisitions and asset management related to investments in the lodging sector. Mr. Lariño will be based in the firm's White Plains office.
Peter Falco, Rockwood’s COO, said, "We are pleased to have Tony join our team. He comes to us with solid experience in a sector that faces both challenges and enormous opportunity. His deep knowledge of lodging industry dynamics, coupled with his real estate investment expertise, will stand us in good stead as we focus on finding and developing quality assets with long-term value."
Mr. Lariño, 43, has more than 14 years of experience in real estate investment, transaction structuring and business development, with a focus in lodging and mixed lodging/residential projects. Most recently, he was a Managing Director at Westmont Hospitality, where he directed the operations of an 11-property portfolio company with almost 6,000 rooms. Prior to that, Tony spent seven years at Starwood Hotels and Resorts Worldwide, Inc., most recently as Senior Vice President - Americas Full Service Development, where he led the growth of the company’s Sheraton, Westin and Le Meridien brands. During his tenure at Starwood, he also served as Senior Vice President - International Investments, and Vice President – Corporate Development.
Mr. Lariño received his undergraduate degree from New York University and he holds an MBA from the Wharton School at the University of Pennsylvania.
"I am excited to join the Rockwood team," said Mr. Lariño. "It is an extraordinarily deep and diverse group with a successful track record investing across different property types. I look forward to leading Rockwood’s efforts to optimize the value of our existing hotel portfolio and find new investment opportunities."
Rockwood's current hospitality portfolio includes 28 assets. Most are full service hotels, including seven high-end, oceanfront properties. The current portfolio is focused on the East Coast, but future investments will target West Coast properties in addition to Rockwood’s traditional Boston, New York, and Washington, D.C. markets. All 28 assets are held in joint ventures with four local operating partners.
Rockwood Capital, LLC is a real estate investment firm which provides debt and equity capital combined with real estate expertise to select value-add office, residential, retail, hotel, and data center opportunities in key markets throughout the United States. Since 1980, Rockwood and its principals have invested on behalf of their investors over $4.5 billion of equity in over $10.3 billion of real estate through commingled funds, various special purpose partnerships, and separate accounts. Rockwood currently manages a portfolio of approximately $2.9 billion of equity invested in approximately $4.6 billion of real estate. Rockwood’s investors include public and private pension funds, endowments, foundations, insurance companies, institutions and high net worth individuals.
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|Also See:||Rockwood Capital Acquires Landmark Mayflower Hotel in Washington, DC; First Lodging Asset of Rockwood’s Fund VII / March 2007|