Fisher Property Group Names Peter Willis Senior Vice President of Hotel Acquisitions & Business Development

PALM BEACH, FL—Fisher Property Group, a privately held real estate holding company, announces that Peter Willis (top right photo) has joined the company as senior vice president to spearhead hotel acquisitions and business development.

In his new role, he will be responsible for sourcing, negotiating and structuring transactions for hotel assets and management contracts.

Immediately prior to joining Fisher Property Group, Willis was senior vice president at The Kor Group, where he played a lead role in sourcing, negotiating and underwriting hotel investments and management contract prospects in addition to supporting strategic acquisitions and corporate planning efforts.

“Peter brings extensive hotel investment expertise to our executive team,” said Jeffrey H. Fisher,(top left photo) Fisher Property Group’s CEO.

“He played an instrumental role as our vice president of acquisitions at Innkeepers USA Trust prior to its sale in July 2007.

"Fisher Property Group will leverage his 20 years of experience in the lodging industry, in acquisitions, repositioning and dispositions, as we seek ways to take advantage of the opportunities available in the current and anticipated economic climate.

“We believe the opportunity for hotel acquisitions will increase substantially over the next 18 months, and we intend to be a major investor,” Fisher added.

“Our immediate focus will center on securing a Programmatic Joint Venture partner for the investment platform to be well-positioned to execute our growth plan.

"Our acquisition strategy is to identify assets opportunistically where we can add substantial value through repositioning, rebranding and/or changing management.

"We have retained Flint Creek Partners, a well regarded investment banking, venture capital and financial advisory services firm to lead our efforts in securing the financing platform.”

Additional information about the company may be found at http://www.fisherpropertygroup.com/.

Contacts: Jerry Daly or Carol McCune, Daly Gray (703) 435-6293, jerry@dalygray.com or carol@dalygray.com