Winston Hotels, LLC Formed to Develop and Acquire Hotels

Robert W. Winston III

                                        Raleigh, NC, Nov. 28, 2018—Three seasoned hotel executives with a combined 80 years of hotel, development, acquisition and management experience today announced the formation of Winston Hotels, LLC to develop and acquire hotels across the U.S.

            The three executives are:

·                     Robert W. Winston III, executive chairman of the board and co-founder, has been involved in hotel real estate for more than 27 years, most recently as chief executive officer with Winston Hospitality, a hotel operator founded in 1991. 

He is the former co-founder and chief executive officer of the original Winston Hotels, Inc., a publicly traded hospitality REIT (NYSE: WXH) that ranked in the top quartile of public hospitality REITs for shareholder investment returns before being acquired in 2007.

Joseph V. Green

·                     Joseph V. Green, chief executive officer and co-founder, brings with him nearly 40 years of hospitality and real estate leadership experience and in-depth expertise in corporate finance and real estate acquisitions/development in both public and private organizations. 

He co-founded and was president of the original Winston Hotels, Inc., and most recently served as president of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators with roughly $1.5 billion of assets under management.

Mathew A. Jalazo

·                     Mathew A. Jalazo, executive vice-president of development, has been an integral part of hotel real estate transactions, including acquisitions and development, across the U.S. and Canada in his nearly 15 years of experience. 

Prior to joining Winston, he served as the vice president of development for Urgo Hotels & Resorts, a Bethesda, Md.-based hotel company that develops, acquires and operates distinctive and unique hotels and resorts in major markets and resort locations in the U.S., Canada and the Caribbean. 

 During his tenure there, he was instrumental in growing the company’s portfolio from 18 to 44 hotels. 

  

 CONTACT:

Chris Daly,

media

(703) 435-6293

 chris@dalygray.com