To assist in its portfolio expansion, MJH enters into a strategic partnership agreement with Rick Moceri of Moceri Capital, LLC
[Danbury, Conn., March 14, 2018]— Meyer Jabara Hotels (MJH) is on the move. The hotel ownership and management company with 27 hotels on the East coast has three more properties under construction and plans to announce three more deals in the first quarter. Aiding the 40-year hospitality company in its growth effort will be Rick Moceri, founder of Moceri Capital, LLC, a private hospitality investment and asset management platform and co-founder of B&M Hospitality Advisors, a due-diligence consulting platform for the lending and equity communities. Moceri will be joining the Meyer Jabara Hotels team as Development Manager.
“Meyer Jabara Hotels continues to get better with age; we’re expanding and we’re growing,” said Justin Jabara, MJH VP of acquisitions and business development. “Our goal is not to be the biggest but rather to be the best. It is smart growth, based on quality deals, not quantity. To meet our goals, we need the best people representing us who are like minded and who have built relationships across the private equity, brokerage and investment communities. Rick Moceri has the talent and contacts we need to take Meyer Jabara Hotels into the future.
“Not only has Rick managed more than $3.5 billion in acquisitions across every major market in the U.S., but he has experience with every type of asset in the market, from limited-service hotels to full-service luxury resorts,” Jabara said. “In addition, Rick is just a really great guy. He’s reputable, hard-working, and his business ethic fits our Journey culture. We pride ourselves on having the best hotels, making the best deals, and retaining the best people. Rick will not only identify the best deals in new markets, but he will bring us back into quality markets where we once had properties that we sold. We’re very happy to have him on board.”
In his role with MJH, Moceri will source quality management and investment opportunities, and assist MJH in establishing new equity relationships. Prior to launching his platforms, Moceri held senior positions at Watermark Capital Partners, Lodging Capital Partners and Tishman Hotels & Realty. Since 2006, he has executed on dozens of hospitality acquisitions across nearly all major US markets, including San Francisco, Boston, Chicago, Nashville, New York, Miami, Seattle, San Jose, Honolulu, Denver, Austin, San Diego, Atlanta and Portland. Moceri is a graduate of Michigan State University’s School of Hospitality Business with a specialization in Real Estate Investment and Development. He was recently awarded the Alumni Achievement Award from the school and is an active member of the real estate program’s board of directors.
“This partnership was created in order to add horsepower to the MJ acquisition and development team,” Moceri said. “I look forward to putting my relationships and experience to work in order to add value to MJ’s platform in a way that fits with both their growth model and company culture. What attracted me to MJ has been their incredible 40+ year track record, as well as their long-standing reputation as being a culture-rich and people-focused company. MJ is a well-known and well-respected owner and operator, and I am looking forward to a successful, long-lasting relationship.”
For more information on Meyer Jabara Hotels, visit www.meyerjabarahotels.com. To follow the “Just Journey” Blog, click here. For media inquiries, call Barb Worcester of PRpro at (440) 930-5770 or email her at [email protected].