Hotel Online News for the Hospitality Executive Rick Rogovin Joins The Dow Hotel Company as Vice President of Hotel Investments
SEATTLE, June 4, 2013—The Dow Hotel Company, LLC (DHC) , a hotel ownership, investment and management company, today announced that Rick Rogovin, an executive with more than 25 years of institutional hotel investment experience, has rejoined the company as vice president of hotel investments.
In the newly created position, Rogovin will oversee outreach efforts to institutional investors, limited partnerships, individual investors, brokers and others to form strategic alliances, negotiate partnerships and forge relationships to significantly expand Dow’s owned and joint-venture hotel portfolio. In addition, he will seek off-market opportunities for DHC and its partners. He also will be responsible for analyzing new deals including market studies and related financial agreements. Rogovin will work closely with Mark Rosinsky, DHC’s senior vice president of hotel investments.
Rogovin most recently worked for Wells Fargo as vice president of Wells Fargo Bank’s Hospitality Finance Group. While there, he was responsbile for sourcing, origination and closing floating rate hotel loans for the bank’s balance sheet account, as well as handling more than $300 million of new loan production in 2012. Prior to Wells Fargo, he held the position at The Dow Hotel Company as vice president of business development. Earlier in his career, Rogovin was director – commercial mortgage investments, for Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA-CREF), a national financial services organization and the leading provider of retirement services to individuals and institutions in the academic, research, medical, philanthropic and cultural fields.
“We believe the next 12 to 18 months will create widespread growth opportunities for our company and our strong partners in all four of our growth strategies: acquisitions, joint ventures, third-party hotel management, and off-market opportunities” said Murray Dow, president of The Dow Hotel Company. “The company has added three full service properties in the last nine months, and we expect that pace to accelerate. Rick’s vast experience in the lending world will help us arrange financing for both owned and new properties. He brings back substantial bench strength in finance, investment, real estate and corporate leadership that will be particularly critical in this high growth period for The Dow Hotel Company and its partners. His high professional standards fit our culture perfectly.”
About The Dow Hotel Company
Founded in 1997, Seattle-based The Dow Hotel Company is a hotel owner/investor and operator of 11 first-class, full-service hotels with properties throughout the United States. The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Hyatt, Embassy Suites, Doubletree, Sheraton, and Crowne Plaza. The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.
The company currently operates food and beverage facilities around the nation, ranging from casual dining to upscale, bars/lounges with Starbuck and Tully’s coffee outlets. In addition to Basil’s Kitchen, the division’s proprietary restaurant concepts also include Masterson’s, SunSpot, BC Bistro, and Basil’s Bistro. Additional information about The Dow Hotel Company may be found at www.dowhotelco.com.
Contact: Jerry Daly, Chris Daly Phone: (703) 435-6293 [email protected]