Island Hospitality Management Announces Promotions

Gregg Forde

WEST PALM BEACH, FL —Island Hospitality Management, one of the nation’s largest hotel management companies, it has promoted Gregg Forde to executive vice president and chief operating officer and Roger Pollak to executive vice president and chief financial officer. 

“With a combined 47 years of hospitality experience, including 42 years with Island Hospitality Management and its predecessor companies, I cannot think of two more deserving people than Gregg and Roger to take on these expanded roles within the company,” said Jeffrey H. Fisher, Island Hospitality Management.

Roger Pollak

“With a combined 47 years of hospitality experience, including 42 years with Island Hospitality Island Hospitality Management, these promotions prepare our platform for what we hope to be a very active 2020," Fisher said. 

"Our current portfolio includes 172 hotels, and our goal is to continue to develop new relationships around the country and expand our platform in 2020 and beyond. 

"We are confident that Gregg and Roger will continue to provide the same exemplary leadership and direction they always have as we pursue our aggressive growth goals.”

Forde joined Island Hospitality Management’s predecessor in 2003 after beginning his hospitality career with Marriott International in 1998.

Jeffrey H. Fisher

Pollak joined Island Hospitality Management’s predecessor as controller in 1995 and has held progressive positions within the company, including director of financial reporting and controller, as well as senior vice president-accounting.

CONTACT:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com 

Hospitality Ventures Management Group (HVMG) Names Andrew J. Pace Senior Vice-President of Business Development

  

Andrew J. Pace

ATLANTA, GA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it named Andrew J. Pace senior vice-president of business development. 

 In the role, he will be responsible for assisting with growing and supporting HVMG’s third-party management and new development efforts.

Mary Beth Cutshall

            “Having worked with Andrew in the past, I am well aware of his unique abilities to source and expand growth opportunities, which is consistent with HVMG’s growth targets as we continue to expand our portfolio of owned and operated hotels throughout the United States,” said Mary Beth Cutshall, executive vice-president and chief development officer, HVMG.

  “With more than two decades of experience in all aspects of the industry, from creating and launching a hotel brand to working with hotel owners on management opportunities to overseeing ground-up hotel development, Andrew is the perfect candidate to help HVMG achieve its robust growth goals.”

            Prior to joining HVMG, Pace was senior vice-president at Strand Hospitality, where he oversaw the strategic growth of the company’s 36 hotel portfolio. 

 CONTACT:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 www.hvmg.com 

RPG Adds Office Space to its Expanding Ownership of North San Diego, CA Mixed-Use Property

RPG previously acquired the 39,000-SF retail
 and restaurant portionof Pacific Station in 2018.

ENCINITAS, CA – RPG, a San Diego-based owner, operator, and developer of high-quality commercial real estate, has expanded its portfolio of creative and value-add assets in Northern San Diego County with the acquisition of an office building at Pacific Station, 687 South Coast Highway 101 in Encinitas, California where the firm currently owns a large retail and restaurant section of the 100,000 square-foot mixed use center.

RPG previously acquired the 39,000 square-foot retail and restaurant portion of Pacific Station in 2018.  The company now owns all the commercial space in the mixed-use office, retail and residential center.

Adam Robinson

“The acquisition of this office building is directly in line with our ongoing strategy of owning well-located, modern, creative, and value-add assets,” says Adam Robinson, Founder and President of RPG.

“Because the office space is adjacent to additional assets already owned by our firm, including our new company headquarters, we are aware of the strengths and appeal of the location.”

Peter Curry at Cushman & Wakefield represented RAF Pacifica Group as the broker in the $5.9 million acquisition of the 9,733 square-foot property.

In 2019, RPG transformed 4,010 square feet of restaurant space in Pacific Station into an innovative coworking space that also serves as the firm’s new headquarters. Tenants at the new coworking location have full access to RPG’s hospitality-like amenities. 

“We live in Encinitas and we are here to stay,” says Robinson. “By establishing our headquarters right in the heart of this city we love, we are demonstrating our belief in the strength and health of the market and we will continue to invest in the community by acquiring well-positioned assets such as the office building at Pacific Station.”

The office is ideally situated in a walkable, community-focused environment with access to high-quality retail and dining options within Pacific Station and the surrounding downtown Encinitas offerings.

Peter Curry

According to Robinson, four of the five office spaces within the newly acquired building are currently leased to health care, real estate and technology tenants. RPG plans to implement improvements to the offices, as well as lease the last available square-footage in the building.

“RPG’s growing portfolio of office and mixed-use assets in the North San Diego market are performing well because the area continues to attract people who want to live, work and play in an inspiring environment,” says Robinson.

Contacts:

Lisa James / Lexi Astfalk

Brower Group

(949) 438-6262

ljames@brower-group.com

Stos Partners Acquires Mission Critical San Diego, CA Parking Site for $26.4 Million

Stos Partners has acquired a 5.8-acre mission critical parking lot land site near the Port of San Diego, CA for $26.47 million.

SAN DIEGO, CA – Stos Partners, a privately held commercial real estate investment and management firm, in conjunction with an institutional partner, has acquired a 5.8-acre parking lot land site near the Port of San Diego for $26.47 million from a private entity.

With this recent transaction, Stos has completed nine acquisitions this year totaling $81.5 million and sold four assets totaling $48.36 million, bringing the firm’s total transaction volume to more than $130 million in Southern California in 2019. 

“This acquisition is directly in line with our overarching investment strategy, which is to identify and acquire unique, high-quality assets in irreplaceable locations,” says CJ Stos, Principal of Stos Partners. 

CJ Stos

“As the only significant parking lot in the area, we immediately recognized the potential of this one-of-a-kind site as mission critical to the many defense contractors in the vicinity who service Navy ships.”

Located directly under the Coronado Bridge at 2210 - 2310 Main Street in San Diego, the parking lot is currently 100% leased to a defense contractor.

This acquisition comes on the heels of Stos Partners’ recent addition of 5816 Dryden Place, a 22,156 square-foot multi-tenant R&D/office property in Carlsbad, California, to its portfolio. The firm will implement cosmetic improvements and building upgrades to attract small to mid-sized tenants to the property.    

    

According to Jason Richards, a Partner at Stos Partners, the firm plans to leverage its deep experience as one of the most active buyers of industrial, flex, and office product in Southern California and expand its focus to several markets throughout the Southwest U.S.

“Looking ahead, we will continue to build upon our proven strategy of identifying local and national trends, strengthening our existing portfolio by drawing on our relationships, reputation, and expertise in these property types,” says Richards.

Jason Richards

Prominent trends include a growing need for last-mile and cold storage facilities. The U.S. cold storage market size is expected to reach $19.69billion by 2025, due to rising consumer demand for healthy food and increased participation from the private sector, Richards notes.

“Grocers and other industries are adopting Amazon’s model and purchasing individual last-mile locations for cold storage,” continues Richards. “Stos Partners recognized this, successfully completing two cold storage transactions in 2019, and we expect the trend to continue well into 2020 and beyond.”

Since its inception, Stos Partners has acquired properties with a total acquisition value of more than $530 million, including properties in California and Texas.

Contacts:

Katie Haga / Lisa James

Brower Group

(949) 438-6262

khaga@brower-group.com

www.stospartners.com.