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| Paul Sacco |
Cranston, RI — The Procaccianti Group, a
privately‐held real estate investment and management company,
today announced the promotion of Paul
Sacco to president & chief
development officer of its dynamic and newly-named hotel division, TPG Hotels
& Resorts.
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| Jim Procaccianti |
While he continues to
focus on driving the overall growth of the company, in his new role as
president, Sacco will help lead the overall strategic direction of TPG, which
currently operates 60 hotels nationally with over $840M of hotel revenues under
management.
“Paul has demonstrated a
strong ability to strengthen relationships with our constituents, as well as
open doors to new investment partners because of his proven track record and
extensive industry relationships,” said Jim
Procaccianti, president and CEO of the Procaccianti Group.
“Paul has helped us accelerate from a
well-known hotel real estate investment company into a true force within the
hospitality management industry. TPG has evolved into a sought-after hotel
management powerhouse, both for our existing and new capital partners.
“ We have every confidence
that Paul will continue to lead TPG Hotels & Resorts’ growth into the
future.”
For a
complete copy of the company’s news release, please contact:
Chris Daly, media
(703) 435-6293
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