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Rich Cortese to Head Aimbridge Hospitality 'Resort Division' for Caribbean and Mexico

Leading hotel-management/investment firm steaming ahead with growth plans despite economy;

Taps veteran executive to oversee Caribbean business development

More than 250 hotel and real estate professionals from Greater Dallas attended the 200
Dallas – February 16, 2010 – Far from delaying expansion until the economy strengthens, Aimbridge Hospitality, a leading hotel management and investment firm, recently established a regional office in Puerto Rico with its eyes set on development opportunities in the Caribbean and Mexico. To lead the regional effort and identify prime investment/management opportunities, 30+ year industry veteran Rich Cortese has been appointed Aimbridge Hospitality Senior Vice President for Resort Development.
“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

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


Barb Worcester
Tel: (440) 930-5770

Also See: The Berger Company Inc. and Crow Holdings Select Aimbridge Hospitality to Manage the Windsor Court Hotel New Orleans Following Hotel Purchase From Orient-Express Hotels / January 2010

Texans Credit Union Selects Aimbridge Hospitality to Manage The Plantation Golf Resort & Spa in Crystal River, Florida / January 2010

Aimbridge Hospitality Awarded Eight Management Contracts in 2009; Dan Williams Promoted to VP of Development and Kevin Dingle Promoted to Director of Development as Company Prepares for Growth / January 2010

The 2009 Dallas Hotel Conference Presented by Aimbridge Hospitality, Alvarez & Marsal Real Estate Advisory Services and Gardere Wynne Sewell LLP Provided Attendees with a State of the Industry and How to Plan for Recovery / December 2009

Aimbridge Hospitality Opens the 216-room All-suite Houston Embassy Suites-Energy Corridor / November 2009

Mac Haik Enterprises Selects Aimbridge Hospitality to Manage the Houston Embassy Suites-Energy Corridor / December 2008
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