Former Wyndham Hotels International executive
will oversee financial operations
of rapidly growing hotel-management and -investment
company
DALLAS,
TEXAS � MAY 7, 2008 � Aimbridge Hospitality has appointed hospitality-,
real-estate and financial-industry veteran Judy Hendrick to the position
of Chief Financial Officer.
Hendrick comes to Dallas-based Aimbridge Hospitality from Wyndham Hotels
International, where she served as Executive Vice President - Chief Investment
Officer, and Senior Vice President of Finance and Treasurer, during her
16-year tenure there. She has held positions with major financial institutions
such as Chase Manhattan, Canadian Imperial Bank of Commerce and First Republic
Bank, and also has managed commercial portfolios for major public real-estate
investment trusts.
As Aimbridge Hospitality�s Chief Financial Officer, Hendrick is responsible
for debt and equity capital sourcing/structuring for acquisitions and hotel
development/re-development. She also manages the financial, cash-management
and real estate aspects of all properties and partnerships.
�We�re delighted to have Judy Hendrick aboard as Chief Financial Officer,�
said Dave Johnson, President and CEO of Aimbridge Hospitality. �We�ve built
a strong, experienced management team that�s leading Aimbridge�s management
growth and development success while generating substantial returns for
our investment partners. Having Judy in charge of our financial operations
makes our executive team that much stronger.�
Hendrick says her immediate goal as Chief Financial Officer is to ensure
that the company�s accounting and reporting systems are in position to
accommodate and support the sustained growth Aimbridge Hospitality is experiencing,
as well as to provide its constituents with the kind of quality information
they require.
�We are finalizing an equity fund through an affiliated entity which
will provide us with growth capital on a more programmatic basis,� Hendrick
said. �This will facilitate an efficient and streamlined process to ensure
that we are well-positioned to acquire hotel properties as the market becomes
more adaptive to buyers than we have seen in the past few years.
�At just five years old, Aimbridge has established itself as a highly
regarded hotel-management and investment organization with a very stable
base of quality management contracts and income, and strong relationships
with the industry�s highest-level capital providers,� she added. �This
sets the stage for continued and sustainable growth in the years to come,
and I�m excited to be part of it.�
Hendrick serves as Treasurer of Ambridge�s Board of Trustees, and is
a member of the Dallas Chamber of Commerce Executive Women's Roundtable.
She holds a Bachelor�s in Science degree from Kansas State University and
an MBA from the University of Texas at Dallas.
About Aimbridge Hospitality
Aimbridge Hospitality is a hotel real estate and management company
created to identify investment opportunities throughout the United States.
Aimbridge provides management, asset management, capital renovation, supervision,
accounting and consulting services for its strategic partners. Aimbridge
currently operates hotel properties in the Embassy Suites, Doubletree,
Hilton Garden Inn, Hampton Inn & Suites, Sheraton, Hyatt and Wyndham
brands. Aimbridge also manages a number of independent hotels, including
the Phoenix Inn & Suites brand of hotels and has several projects under
development in the Starwood, Marriott and Hilton enterprises. For more
information on Aimbridge Hospitality, please visit the company�s Web site
at www.aimbridgehospitality.com. |