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James Sabatier Named President and Chief Operating Officer
of Destination Hotels & Resorts
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News for the Hospitality Executive |
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LOS ANGELES – March 27, 2012 - Lowe Enterprises, a Los
Angeles-based leading national real estate investment, development and
management firm, announced today that James “Jamie” Sabatier has been
named
president and chief operating officer of Destination Hotels and
Resorts, the
firm’s hospitality management subsidiary. Established in 1973,
the
Destination collection of unique properties now includes a distinctive
portfolio of nearly 40 award-winning hotels, resorts, and conference
centers. Prior to his
time at Starwood, Sabatier was a senior
member of the investment banking division of Montgomery Securities
where he led
the completion of merger, acquisition and equity transactions totaling
more
than $1 billion. He began his career in investment
banking with Lehman Brothers and, before that, Coldwell Banker
Commercial. Most recently, as the head of J. Sabatier &
Company, he
has acquired commercial real estate assets while guiding the successful
turnaround of a family-owned business. He earned his bachelor’s
degree in
history from Brown University and his MBA in finance from Northwestern
University’s Kellogg Graduate School of Business. <>After more than a year of
planning for transition,
Sabatier will take the helm from retiring-president Charles S. Peck who
has led
the company for 15 years of exceptional growth and profitability.
Under
Peck’s leadership, Destination Hotels and Resorts has grown to be
currently
ranked the third largest hotel management company in the U.S. (Hotel
Business)
and has just completed another year of significant growth, adding seven
properties to its management roster over the last 12 months.
“Charlie built
a strong leadership team that is a great legacy for the firm as we
transition
to new leadership,” added Lowe. “We will continue to benefit from
his
keen business skills and passion for the hospitality business as he
works with
us on future strategic projects.” The firm currently manages nearly 40
hotel,
resort, and resort condominium properties nationwide with a total of
more than
9,100 guest rooms. Sabatier will assume his new role on April 9.
About Lowe Enterprises Los Angeles-based Lowe Enterprises is a leading national real estate investment, development and management firm. Over the past 40 years, it has developed, acquired or managed more than $17.5 billion of real estate assets nationwide. Lowe is currently responsible for more than $5 billion of commercial, hospitality and residential assets. In addition to its Los Angeles headquarters, Lowe Enterprises maintains offices in Southern California, Northern California, Denver and Washington, D.C. Founded in 1972, Lowe Enterprises is marking its 40th year anniversary in 2012. For further information on Lowe’s activities, please visit: www.LoweEnterprises.com About Destination Hotels & Resorts Destination Hotels & Resorts is a privately held hospitality management company headquartered in Colorado. With nearly 40 independent, luxury and upscale hotels, resorts and golf clubs, Destination is the third largest hospitality management company in the country. The company’s portfolio features more than 9,100 guest rooms, 16 golf courses and 16 full-service spas. Destination Hotels & Resorts properties are located in key metropolitan and resort markets including Washington, D.C., Seattle, Denver, San Diego, Santa Fe, Aspen, Austin, Phoenix, Portland, Palm Springs, Palos Verdes, Maui and Lake Tahoe. The company is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises. For a complete list of properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com. |
| Contact:
Casey & Sayre Karen Diehl, 310-473-8090 [email protected]
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