Tuesday, August 10, 2021

KAI Design Hires Project Architect Morgan Robinett

 

Morgan Robinett

 

St. Louis, MO, Aug. 10, 2021 -- KAI Design is excited to announce the hiring of Project Architect Morgan Robinett, AIA, NCARB, at its St. Louis office.  

 

As Project Architect, Robinett is responsible for producing construction documents through collaboration with a multi-discipline team to maximize the use of resources to enhance design and build collaboration, in turn improving the value-added building strategies.


Brad Simmons

“Morgan is a terrific addition to our Architectural team in St. Louis. She brings a diverse portfolio and wonderful enthusiasm for design excellence,” said KAI Managing Partner Brad Simmons, FAIA “Morgan has hit the ground running, and we already see her solid work ethic and collaborative approach with colleagues. 

 

"KAI is excited to add talent like Morgan to our fast-growing design studios.”

 

Robinett has a Bachelor of Science in Interior Design from the University of Missouri in Columbia and a Master of Architecture from the University of Kansas. 

 

During her spare time, Robinett enjoys volunteering for Lead to Read KC, painting, pottery and woodworking.

 

CONTACT:

 

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

Peachtree Hotel Group Acquires More Than $1 Billion of Stressed and Distressed Assets

Greg Friedman

 ATLANTA, GA, Aug. 10, 2021 – Peachtree Hotel Group (“Peachtree”), a real estate private equity investment firm, announced that it had acquired more than $1 billion in stressed and distressed real estate assets since June 2020. 

“We have capitalized on the dislocation created by the pandemic with investments in assets at a lower cost basis than pre-pandemic pricing,” said Greg Friedman, Peachtree’s CEO.

“Our strategy of opportunistically pivoting as the markets change allows us to capitalize on investments during any cycle.”

Peachtree has focused on investing in opportunistic real estate in distressed, under-capitalized or underperforming hospitality assets throughout the U.S. because of the disruption in the economic environment brought on by the pandemic.

The company acquired, operated and disposed of equity interests during this period and invested in preferred equity, debt or debt-like positions in primarily premium-branded, limited- and select-service hotels.

“We have been able to draw on our team’s deep experience, longstanding relationships and ability to navigate changing dynamics to source investment opportunities," Friedman said.

"The current landscape has potentially widened our opportunities for attractive undercapitalized assets and assets within the hospitality sector experiencing increasing demand.”

CONTACT:


CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 

 

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

 

 

www.peachtreehotelgroup.com.

Elise Capital Announces First Hotel Acquisition

Hampton Inn by Hilton Douglas is located at
1604 South Peterson Avenue in Douglas, GA


 Atlanta, GA, Aug. 10, 2021—Elise Capital, a hotel real estate investment firm, announced the recent closing of its first hotel acquisition.  The Hampton Inn by Hilton Douglas is located at 1604 S. Peterson Avenue in Douglas, Georgia.

 The property offers 61 guestrooms and completed a full renovation in 2019.  The comfortable amenities and modern décor are supplemented by a daily complimentary hot breakfast buffet, an outdoor pool, a business center, and a fitness facility.

 "I am delighted to be acquiring the Hampton Inn Douglas and excited to watch this hotel reach its full potential," said Kendra Plummer, founding partner of Elise Capital. 

 "Our focus is to unlock generational wealth for communities of color and others who have been shut out of the process in the past, and this is an extremely important step in the right direction."

 Located in the heart of Douglas-Coffee County, the Hampton Inn Douglas is surrounded by top local employers and one of the largest concentrations of cargo trailer manufacturers in the United States and is home to the largest peanut shelling operation in the world, Premium Peanut.

 

Kendra Plummer

The hotel's 624 square foot event space offers a convenient and attractive location for local social events, family reunions, and company meetings.

 "We are incredibly thrilled to be adding the Hampton Inn Douglas to our managed portfolio," said Daymain Smith, founder and principal partner of Synergy Hospitality Group.  Synergy will serve as third-party manager, leading the hotel's operation. 

 For more information about the Hampton Inn by Hilton Douglas, please visit https://www.hilton.com/en/hotels/dougahx-hampton-douglas/.

Daymain Smith

 About Elise Capital

 Founded by hospitality veteran Kendra Plummer, Elise Capital is a hotel-focused investment and advisory firm purposed to unlock access to hotel investment opportunities for communities of color, women, and other previously underserved groups. 

 Elise Capital contributes to the closing of the economic wealth gap in America by empowering and educating through ownership of hotel real estate, providing opportunities for wealth generation along with financial literacy education. 

Elise Capital is focused on developing a strong network of investors to make hotel ownership more diverse.

 

 

CONTACT:

 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 

Susan Barry

(404) 964-5765

susan.barry@hive-marketing.com

 

 

 

 

Chatham Lodging Enhances Board with Appointment of Two Trustees

Ethel Isaacs Williams
 

 WEST PALM BEACH, FL, Aug. 10, 2021—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 41 hotels, today announced the appointment of Ethel Isaacs Williams and David J. Grissen to the company's board of trustees, effective immediately.

Both Williams and Grissen will serve as independent directors.  These new additions will further strengthen the leadership expertise, skillsets and diversity represented on the company’s board of trustees as the company strives to create value for all stakeholders.

Ms. Williams recently served from 2017-2020 as senior vice president at Kaufman Lynn Construction, one of south Florida’s largest construction companies, where her responsibilities included leading public affairs and community engagement efforts.

Before joining Kaufman Lynn, from 2010-2017, she served as regional manager, external affairs for Florida Power & Light (FPL) and later director, corporate engagement, diversity and inclusion for NextEra Energy, one of the nation’s leading clean energy companies and parent company of FPL, where her responsibilities included managing local external stakeholder relations and developing corporate strategies and initiatives for employee engagement as well as diversity and inclusion initiatives, respectively. 

In 2004, Williams founded the law firm of Isaacs Williams which was focused on real estate, probate, land use and government relations.

Prior to 2004, Williams held roles at other law firms, as well as IBM, Wang Laboratories and AT&T Wireless.

Williams received her bachelor’s degree in business administration from George Washington University and her Juris Doctor from Nova Southeastern University.

“Ethel is a dynamic and accomplished executive with a proven track record in business, law and community involvement for Fortune 500 companies and entrepreneurial enterprises," said Jeffrey H. Fisher, Chatham’s chief executive officer.

"She has demonstrated excellence in leadership abilities, business skills and a commitment to diversity and inclusion, as well as sustainable corporate initiatives.

"We are eager to bring Ethel’s vast corporate experience with respect to stakeholder, environmental, social and governance matters to our Board and know her contributions will make a great impact on Chatham.”

Grissen joins Chatham’s board after having recently retired as group president following a stellar 35-year career at Marriott International, Inc.

 He started at Marriott in 1986 and concluded his esteemed career as Group President where his responsibilities included the financial management and leadership of the America’s lodging operations, comprising more than 5,500 hotels and a work force of approximately 160,000 associates.

This included oversight of owner and franchise relations, sales and marketing, revenue management, human resources, engineering, rooms operations, food and beverage, retail, spa, golf, information resources and development.

In addition to the Americas, Grissen was responsible for Marriott’s Global Operations organization, RitzCarlton and Edition brands.

Prior to his latest position, Grissen served as group president, the Americans; president, Americas; executive vice president of the eastern region; senior vice president of the mid-atlantic region and senior vice president of finance and business development.

David J. (Dave) Grissen

 Grissen currently serves on the board for Regis Corporation, a publicly-traded company and the largest hair salon chain in the world where he is a member of the Audit Committee, Technology Committee and chair of the Nominating and Governance Committees.

He also serves on the board of Greenwood Racing, a casino, on-line betting and thoroughbred racing company based in Pennsylvania.

He holds a bachelor’s degree in business administration from Michigan State University and a master’s degree in finance from Loyola University Chicago.

“As a large Marriott franchisee, I have seen David’s tremendous contributions and leadership firsthand over the past 25 years, and now that he has retired from Marriott, we are thrilled to bring to our board his substantial lodging expertise amassed over three decades,” Fisher commented. “David brings incredible industry and operational perspective, and that experience will be instrumental as we strive to maximize our operating results and grow our investment portfolio to enhance our cash flow and generate meaningful returns to our shareholders.”

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 41 hotels with 6,169 rooms/suites in 15 states and the District of Columbia.

 

CONTACT:

 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 

chathamlodgingtrust.com.