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Hotel Equities Promotes Andrew Pace to Vice President of Development

ATLANTA (November 16, 2011)
–Atlanta-based Hotel Equities ( recently promoted Andrew Pace to the position of Vice President of Development.  He reports directly to Hotel Equities President & CEO Fred Cerrone and sits as a member of the Hotel Equities Strategic Alliance Leadership Team, the executive committee responsible for casting the company vision and orchestrating its growth.

Mr. Pace joined Hotel Equities, a hotel development and management firm, in 2007 as Director of Acquisitions & Construction.  During the past four years, he has helped the company grow from 19 to over 50 hotels in the HE portfolio, primarily located in the southeastern states.

His focus and responsibilities include negotiation of management contracts, evaluation of the financial feasibility of multiple acquisition opportunities, administration of company-owned and JV partner new hotel development projects and the coordination of all court appointed receiver and bank REO assignments.

“Andrew has a proven track record as a highly skilled and capable leader who understands both hospitality and real estate and knows how to put together a deal,” said HE President and CEO Fred Cerrone.  “We look forward to his continued expertise in leading our portfolio growth.”

Before the move to Hotel Equities, Mr. Pace served as President of Development & Acquisitions for Longhouse Hospitality, a wholly owned division of JER Partners. Unique to many hotel development professionals, Mr. Pace also has extensive operations experience having served as President of Park Management Group, an affiliate of Longhouse Hospitality. He was responsible for managing 600 employees, including a corporate staff of 22, for the privately-owned lodging chain of 48 company-owned and third-party managed hotels.

Mr. Pace began his hospitality career as founder and president of SuiteOne Hotels, LLC where he developed and operated seven extended stay hotels in the Southeast. He serves on the Advisory Board for Georgia State University's Cecil B. Day School of Hospitality and is an executive officer of the State of Georgia following a Governor’s appointment in 1999 to the State Board of Architects and Interior Designers. A graduate of Georgia State University with a B.B.A. in Marketing, Mr. Pace holds an Executive MBA from Mercer University in Atlanta.

About Hotel Equities
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm with more than 50 properties presently in its portfolio. Frederick W. Cerrone, CHA, serves as President and CEO.  For more information, visit

Contact:  Margaret M. Jones
Director of Public Relations, Hotel Equities

Andrew Pace
Vice President of Development, Hotel Equities
678.578.4444, x 23

Angela Raub
Director of Business Development, Hotel Equities
678.578.4444, x 16
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Also See: Hotel Equities Names Andrew Pace as Director of Acquisitions and Construction / September 2007

Hotel Equities Assumes Management of the 83-room Fairfield Inn in Clearwater, Florida, Owned by CDE Hotel Properties / November 2011

Hotel Equities Appoints Deanna LoRusso as Operations Coach for a Number of Hotels in their Portfolio / October 2011

Hotel Equities Appoints Elizabeth Derby as Vice President of Sales and Marketing / September 2011

Hotel Equities to Manage the 71-room Hampton Inn and the 64-room Sleep Inn in Stony Creek, Virginia / September 2011

Hotel Equities Names Gary Faehr as General Manager for the 118-room Hampton Inn Jacksonville Downtown I-95 in Florida / August 2011

Hotel Equities to Manage the 118-room Hampton Inn Jacksonville-I-95 Central Hotel in Jacksonville, Florida; Extensive Renovation is Planned for the Property / August 2011

Hotel Equities Opens the 78-room Fairfield Inn & Suites Holiday Tarpon Springs in Holiday, Florida / July 2011

Hotel Equities and BDK Associates Open the 108-suite SpringHill Suites by Marriott in Lake Charles, Louisiana / June 2011

Hotel Equities and Premier Hotel Corporation Form Joint-Venture Partnership for Management of Seven Hotels in Premier's Portfolio / April 2011

Hotel Equities Appointed Receiver of 80-room Fairfield Inn & Suites at Savannah Airport in Savannah, Georgia / March 2011

Barry Wabler Appointed as Chief Financial Officer for Hotel Equities / March 2011

Hotel Equities Selected to Manage the 58-room Hampton Inn in West Jefferson, North Carolina / February 2011

Hotel Equities Cuts Ribbon for New 102-room Courtyard by Marriott in McDonough, Georgia / January 2011

Hotel Equities Names Angela Raub the Director of Business Development / January 2011

Tamara Markham Promoted to Vice President of Operations for Hotel Equities / December 2010

Hotel Equities Adds Nancy Curtin Morris as Training and People Development Coach / October 2010

Ribbon Cut for the 80-room Fairfield Inn & Suites by Marriott in Commerce, Georgia; Kelly Brower the Opening General Manager / October 2010

 Hotel Equities Completes Total Renovation 20 Year Old Hampton Inn in Stone Mountain, Georgia / September 2010

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