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| Darren R. Anzelone |
WASHINGTON, DC —Officials of The Buccini/Pollin Group, a privately-held,
full-service real estate acquisition, development and management company, announced
it has promoted Darren R. Anzelone to co-chief investment officer and Brandon
S. Flury to vice-president as the company continues its aggressive growth
plans into 2014.
“During
his decade tenure here, Darren has been responsible for oversight of
transactions totaling in excess of $2 billion, including the acquisition,
development, and redevelopment of sixteen hotels,” said Dave Pollin,
co-founder.
“Brandon has enjoyed
similar success at BPG, helping execute financing of transactions totaling more
than $725 million. These promotions are
an acknowledgement of those achievements, and also demonstrate our commitment
to actively, and strategically expanding our hotel portfolio.”
The
company will open three new hotels during the second quarter of 2014: Homewood
Suites Manhattan/New York, Westin Wilmington Riverfront, and Hampton Inn &
Suites Christiana (Newark, DE)
.
The company also has two hotels under construction that will
open in 2015: the 310-unit (number)
Embassy Suites Manhattan/New York and the 168-room Hampton Inn & Suites
Washington, DC Capitol Hill/Ballpark District.
In addition, the company is preparing to announce two
additional hotel projects, one in the DC Metro area and another in downtown
Portland, Oregon. BPG plans to continue
to grow its portfolio through acquisitions in 2014 and expects to add five new
properties by year end.
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| Brandon S. Flury |
A
seasoned hospitality veteran, Anzelone joined BPG in 2004. In his new role, he will continue to be
responsible for overseeing the development, acquisition and financing of new
hotel investments throughout the United States, as well as being actively
involved in the asset management of existing investments.
“BPG is well positioned to take advantage of the current
real estate cycle,” said Anzelone.
“Assuming nothing drastically unplanned occurs, all metrics point
towards the hospitality industry enjoying robust growth for the next two to
five years. We will be a very active
player during this time.”
Previously, Anzelone was with Fremont Realty Capital, LP, a New York
City-based real estate private equity fund and an affiliate of Fremont group,
the private investment arm of the Bechtel family.
Anzelone currently serves on the Board of the Tewaaraton
Foundation (Heisman trophy of collegiate lacrosse), as well as the Board of
Bethesda Lacrosse Association, a not-for-profit youth lacrosse organization
serving 2,000 boys and girls.
He holds a Bachelor
of Science degree in Economics from the US Naval Academy, where he was a member
of the Navy Lacrosse Team, and an MBA from The Wharton School of the University
of Pennsylvania.
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| David B. Polllin |
In his
role as vice president, Flury will be responsible for the acquisition,
structuring, and financing of new hotel investments, as well as the refinancing
and ongoing capitalization of assets currently owned by the company. Since joining BPG in 2007, he has been
involved in a full range of underwriting, financing, due diligence,
structuring, closing, and development activities on numerous high-profile
hospitality projects.
“Hotels are a prime asset class right now,” noted
Flury. “Debt and equity are returning
to the market for the right projects.
We will take advantage of the renewed interest in the hotel sector as we
continue to expand our portfolio.”
Prior to joining BPG in 2007, Flury was a consultant for the
global security group at Booz Allen Hamilton.
While there, he provided direct, on-site client service for the
Department of Homeland Security. Flury
holds Bachelor of Arts degrees in International Relations and Chinese from the
College of William & Mary.
For a complete copy of the company’s news release, please
contact:
Chris Daly, media
(703) 435-6293
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