PLANO, Texas—Aimbridge Hospitality introduced the appointment of an expanded Board of Managers that brings expertise in hospitality and strengthens Aimbridge’s basis. These Board appointments observe the completion of the corporate’s beforehand introduced steadiness sheet restructuring.
The 4 new managers—Glenn Alba, Wealthy Gomel, Carrie McIntyre, and Emanuel (Manny) Pearlman—be a part of present Board members Steve Joyce and Craig S. Smith, CEO of Aimbridge Hospitality.
“We’re excited to have Glenn, Wealthy, Carrie, and Manny be a part of the Aimbridge Board at this essential second for the corporate,” mentioned Smith. “They carry spectacular monitor information and important experience throughout hospitality, actual property, and finance, and we stay up for leveraging their management and distinctive insights to ship best-in-class resort working efficiency, advancing our place because the resort operator of selection.”
Smith added, “Trying forward, the objective and recreation plan are clear—ship outcomes for our homeowners and model companions. We’re doubling down on execution, ramping up investments, and accelerating innovation within the companies that set us aside. All of it comes all the way down to driving even higher efficiency throughout our properties and portfolio and creating a good stronger Aimbridge.”
With the help of the corporate’s lenders, Aimbridge transformed greater than $1 billion of debt into fairness and obtained $100 million in new capital. This strengthened steadiness sheet offers enhanced liquidity and new assets to additional spend money on the corporate’s technique and operational capabilities, drive efficiency, and develop its management place.
The next unbiased managers have been appointed by the brand new buyers:
Glenn Alba
Glenn Alba is a longtime actual property and resort investor with greater than 23 years of institutional investing expertise throughout all varieties of business actual property in the US and overseas. He at the moment serves as co-founder and managing member of TMGOC Ventures, an actual property and growth personal fairness agency with a give attention to the hospitality and multi-family sectors. He beforehand based and served as CEO of Opterra Capital. His expertise additionally features a 20-year tenure with Blackstone Actual Property, the place he served as head of worldwide portfolio administration and led the asset administration of Blackstone Actual Property’s U.S. resort investments. Alba beforehand served as a Board Member for CorePoint Lodging Inc. and La Quinta Holdings, Inc., in addition to on the Interstate Lodges and Resorts Proprietor Advisory Board and the Doubletree Lodges Proprietor Advisory Council.
Wealthy Gomel
Wealthy Gomel has held a number of investing and working management roles at international corporations with expertise throughout actual property asset lessons. He’s at the moment a associate and chief funding officer of Two Sigma Actual Property, the place he manages the general funding actions of the enterprise. He beforehand labored at Starwood Capital Group and Starwood Lodges, most not too long ago as managing director. Throughout this time, he served as CEO of Starwood Capital Group portfolio firm Groupe du Louvre. Following Starwood, Gomel served as senior funding officer and one of many authentic Companions of J.P. Morgan Asset and Wealth Administration’s opportunistic actual property enterprise, Junius Actual Property Companions. Earlier than becoming a member of Two Sigma Actual Property, Gomel was the managing associate of ARK, the true property funding platform of WeWork. Gomel has served on numerous boards, together with Groupe du Louvre, Baccarat, Hersha Hospitality Administration, and 21c Museum Lodges.
Carrie McIntyre
Carrie McIntyre combines monetary experience with practically 20 years of expertise within the hospitality business. She is at the moment a associate and the CEO at VIRIDIS Fund Options. Earlier than becoming a member of VIRIDIS, she held management roles within the monetary sector, together with CEO of the third-party fund administration enterprise at StepStone Group and chief monetary officer at Greenspring Associates, the place she managed all fund accounting duties for the enterprise capital agency. Earlier than that, McIntyre served in numerous accounting, finance, and company management positions within the hospitality business, together with company controller of MeriStar Lodges and Resorts and treasurer and chief monetary officer at Interstate Lodges and Resorts, main as much as its merger with Aimbridge Hospitality. Throughout her tenure at Interstate, McIntyre was a part of the management staff that was answerable for a number of M&A transactions on the purchase aspect and the promote aspect, working below numerous possession buildings, each private and non-private. Whereas serving as CFO, McIntyre labored carefully with Interstate’s personal fairness sponsors and the administration staff to drive transformational strategic and working initiatives that yielded income progress with expanded margins.
Emanuel Pearlman
Manny Pearlman has over 35 years of expertise in management positions in investing, govt finance, operations, and advisory roles with publicly traded and personal corporations. He has labored in numerous industries, together with hospitality, leisure, gaming, logistics, retail, and wholesaling. He at the moment serves because the chair and CEO of Liberation Funding Group. He’s a board member for MidCap Monetary Funding Company, Diebold Nixdorf, Inc., and LSC Communications LLC. He additionally serves on the advisory board of enterprise capital agency Sharp Alpha Advisors. Pearlman beforehand served as chairman of Empire Resorts and on the Boards of Community-1 Applied sciences, Fontainebleau Miami Seashore Resort, and Jameson Inns, Inc. amongst others.
The brand new board members will be a part of Steve Joyce and Craig S. Smith to spherical out the brand new board.