News for the Hospitality Executive
NEW YORK, NY--(Jan 19, 2012) - David Duncan has been appointed to the newly-created role of president of Denihan Hospitality Group, a full-service hotel management and development company that owns and operates boutique hotels in major urban markets in the U.S. In this new role, Duncan is responsible for all functions of the business, including executing the company's aggressive plans and driving excellence in hotel performance. He reports into Denihan's co-CEOs and owners, Brooke Denihan Barrett and Patrick Denihan.
"Creating this position and appointing David as president is affirmation of Denihan's commitment to delivering outstanding results and doubling the size of our portfolio over the next five years," said Patrick Denihan. "David's banking and real estate leadership has been instrumental in completing several significant company transactions and providing us with a vehicle for growth. He will continue to guide and execute our growth plans as well as direct our operation platform."
Since joining Denihan as CFO in 2003 and during its recent evolution, Duncan has been behind many of the company's key initiatives and milestones. In 2011, Duncan led the efforts for the company's $910-million joint venture with Pebblebrook Hotel Trust as its equity partner in six of Denihan's core assets in Manhattan. He was also the driving force behind Denihan's 2006 recapitalization when Denihan and Barrett acquired the company from other family members.
"As a family business, appointing a president is a major step in our continued progress," said Barrett. "During his tenure as chief financial officer of Denihan, David was deeply committed to aggressively driving the company forward to become a major player in the boutique hotel space, both as an owner and an operator. We can think of no better candidate for this role and are confident that David will be an exceptional partner and leader as we move into our next chapter."
"I am honored to be given the opportunity to lead Denihan during what has become the most exciting time in the company's 50-year history in the hospitality business," Duncan said. "We spent the recent past laying the groundwork for an aggressive expansion plan while bringing further clarity to our brands. I look forward to leading Denihan's efforts to drive performance as we enter a significant growth phase."
Prior to joining Denihan, Duncan was a managing director of the Guggenheim Group, an investment management and advisory firm, where he advised on day-to-day financial management. Earlier, he worked for Winstar Communications as real estate division president prior to becoming CFO and leading the company through its restructuring and ultimate sale.
Duncan previously was the CFO of real estate capital markets at GE Capital, overseeing the operations of a business unit with $100 million in net income while at the same time serving as the co-head of a $2 billion diverse real estate portfolio with involvement in all acquisition and sale transactions.
Duncan started his career as a certified public accountant with Kenneth Leventhal & Company in Los Angeles and Boston and then Ernst & Young, LLP.
A 1985 graduate of Western Michigan University, Duncan is married, has 3 children and resides in Connecticut.
About Denihan Hospitality Group
The Denihan portfolio includes properties operating under The James and Affinia Hotels brands, as well as Manhattan luxury independents, The Surrey and The Benjamin, and affiliates including the Royal Palm in Miami. Denihan's hotels include an impressive list of chef-driven restaurants and bars, including Celebrity Chef Geoffrey Zakarian's The National Bar and Dining Rooms at The Benjamin; David Burke Kitchen at The James New York; Daniel Boulud's Café Boulud at The Surrey; David Burke's Primehouse at the James Chicago; Art Smith's Art and Soul at the Liaison Capitol Hill in Washington, D.C.; and Marcus Samuelsson's C-House at Affinia Chicago.
The company's uniquely guest-centric approach, refined through three generations of Denihan leadership, has made it an industry leader in hospitality, property and restaurant development, as well as hotel operations, management and marketing. In 2011, Denihan was named to Inc. Magazine's 500|5000 list of Fastest Growing Companies for the third year in a row, where it topped the list of full-service hotel companies.
More details can be found at www.denihan.com.
Vice President, Corporate Communications
Denihan Hospitality Group
646 424 2614
Quinn & Co. Public Relations
212 868 1900 x246
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Hotel Trust and Denihan Hospitality Group Complete Joint Venture for
Six Manhattan Hotels Valued at $910 Million / August 2011
Hotel Trust and Denihan Hospitality Group Form Equity Partnership
Giving Pebblebrook 49% Ownership for Six of Denihan's New York City
Hotels / June 2011
Hotel Trust Acquires the 235-room W Boston for $89.5 million;
Management to Remain with Starwood Hotels & Resorts / June 2011
Hotel Trust Acquires the 148-room Viceroy Miami Hotel for $36.5
million; Viceroy Hotel Group will Continue as Property Manager /
Hotel Trust Acquires the 450-room Westin Gaslamp Quarter in San Diego,
California for $110 Million with Plans for $23 Million in Property
Enhancements / April 2011
Capital Partners Acquires the Royal Palm Hotel in South Beach, Florida
for $130 million, or Roughly $318,000 per key; Plans Include Complete
Renovation and Rebranding as The James Royal Palm; Denihan Hospitality
to Remain as Property Management Firm / April 2011
Hotel Trust Acquires the 252-room Argonaut Hotel, San Francisco for $84
million / February 2011
Hotel Trust Acquires the 310-room Sheraton Delfina Santa Monica Hotel
for $102.8 million / November 2010
Hotel Trust Acquires 254-room Skamania Lodge in Stevenson, Washington
for $55.8 million; Destination Hotels & Resorts Will Continue as
Management Company / November 2010
Hotel Trust Acquires The Grand Hotel Minneapolis for $33 million;
Appoints Kimpton to Manage the 140-room Hotel / September 2010
|Pebblebrook Extending its Due Diligence on the Grand Hotel Minneapolis an Additional 30 Days to Resolve Significant and Unanticipated Matters before Finalizing Acquisition of Hotel for $36 million / August 2010|