Aimbridge Hospitality | October 24, 2018
DALLAS, TEXAS (OCTOBER 24, 2018) – Aimbridge Hospitality is pleased to announce that Wade Fischer has been hired as their new Senior Vice President of Project Management. Fischer comes to Aimbridge Hospitality with over 20 years in hospitality focused development and project management. Most recently, Fischer served as the Chief Operating Officer and partner of Brine Wells Development, where he focused on re-adapt hospitality developments. Prior to Brine Wells Development, Fischer served as the Vice President of Design and Construction at Pyramid Hotel Group where he oversaw several high-profile projects from Hawaii to Florida, an...
Shiji Group | October 23, 2018
Atlanta, October 23, 2018 - Continuing Shiji Groups' strategy to service customers locally in region, Shiji is adding a new Professional Services team to consult on and support leading proprietary and third-party hotel and restaurant technologies in the Americas. Shiji's Professional Services team will focus on Property Solutions Support Services, Project Management and Consulting Services. Lead by a team of subject matter experts with application experience averaging more than ten years each; Shiji's Professional Services team provides critical support when needed. The team consists of 40+ trained experts in all levels of hotel softwar...
Ashford Enters Definitive Agreement to Acquire Remington’s Project Management Division for $203 Million
April 11, 2018
DALLAS, April 11, 2018 -- Transaction Highlights: Transaction values Remington Project Management at a trailing 12-month EBITDA multiple of 12.5x Consideration in the form of convertible preferred stock convertible at $140 per share, a premium of 45% to the current market price of Ashford common stock Transaction is expected to be immediately accretive to adjusted net income per share Increases breadth of services provided to managed REITs Transaction rapidly builds operating scale and increases earnings potential High margin, low-capex business model Ashford Inc. (NYSE American: AINC) (the "Company") today announced t...
Michael Crall | May 30, 2014
By Michael Crall A "Major Project" is often defined as a project with a construction value in excess of $100 million. That threshold generally describes a project with multiple phases or components, a large and diverse design team including many different types of consultants, often more than one contractor, generally a professional project management or construction management consultant, and other elements that differentiate it from a smaller and more conventional project. Major Projects can be as large as many billions of dollars in construction value. Effective and successful management of a Major Project is based primarily on the e...
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