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Preferred Hotel Group Names Peter M. Kressaty as Regional Director, Florida

CHICAGO – Sept. 15, 2009 – Preferred Hotel Group is pleased to announce the strategic appointment of Peter M. Kressaty as Regional Director of Florida.  In his new position, Kressaty will provide support and continue to develop Preferred Hotel Group’s portfolio within this region.
Most recently, Kressaty served as senior vice president of Carino Hotels & Resorts Worldwide. Additionally, he has held the positions of general manager of The Lowell Hotel in New York, operations director at the Yale Club, and senior management positions with Hyatt Hotels.
“Peter’s 17 years of experience in the hospitality industry, combined with his expertise in sales, marketing and operations, made him the ideal candidate for this fast growing, important region,” said John Ueberroth, chairman and CEO of Preferred Hotel Group.

Throughout his seven years with Carino Hotels & Resorts Worldwide, Kressaty oversaw the company’s business development, and grew the client base to 65 luxury hotels and resorts worldwide. He led the sales, marketing and brand positioning globally, and formed strategic alliances with select industry partners. In addition, Kressaty was responsible for the recruiting and training of sales managers in both London and North America.

During his tenure with The Lowell, Kressaty achieved one of the highest average rates in the hotels history, ranking it among the top 10 in the U.S. As a result, Kressaty was able to grow the hotel’s profit margins exponentially.  While at The Yale Club of New York, he managed all aspects of the club’s operations and achieved the highest average occupancy percentage in the club’s history.  For seven years, Kressaty held senior management positions in two divisions at three Hyatt’s located in the North East – sales and marketing, and operations – working at both the regional and property levels.

Currently, Kressaty serves on the board of advisors for the International School of Hospitality & Tourism Management at his alma mater, Fairleigh-Dickinson University, in Madison, N. J.   He was an adjunct faculty member at New York University and Baruch College in New York.

About Preferred Hotel Group™
Celebrating 40 years of excellence, Preferred Hotel Group is proud to be a global leader in the hospitality industry, delivering high-performance sales, marketing and technology solutions to more than 700 independent hotels and resorts in over 75 countries. Its family of brands represents a collection of the finest hotels in the world and include: Preferred Hotels® & Resorts (, Preferred Boutique™ (, Summit Hotels & Resorts™ (, Sterling Hotels™ ( and Historic Hotels of America® ( For more information, visit

In Fall 2007, the company entered the luxury real estate market with the launch of Preferred Residences™ – a membership and exchange program for luxury shared ownership resorts that provide an exceptional level of service and amenities. Properties are held to exacting standards derived from the same Preferred Global Standards of Excellence™ on which the company has built its 40-year heritage in the hospitality industry.  For more information, please visit

Jay Austin / Laura Mooney
Middleton & Gendron Inc.
Tel:  +1 (212) 284-9939 / +1 (212) 980-9232 /

Preferred Hotel Group


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