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Archive for November, 2015

USA Today – Marriott CEO: ‘Do better by being bigger’

With the $12.2B purchase of Starwood Hotels and Resorts, Marriott CEO Arne Sorenson will preside over a company with 5,500 hotels with 1.1 million rooms worldwide.(Photo: Brendan Smialowski, AFP/Getty Images) Hotel guests are always seeking bigger rooms, beds and TVs. Marriott CEO Arne Sorenson is giving them a bigger company. A merger between Marriott International [...]

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The Hardest Part Of Being A Parent Is Telling Your Son You Can’t Promote Him From VP For A Few Years

From The Onion November 12, 2015 <img src=”http://i.onionstatic.com/onion/5194/5/1×1/600.jpg” /> By Dennis Bricker Founder & CEO Bricker Asset Management No one ever said having kids is easy. Trust me, as a father, I’m well aware of that. But what nobody tells you is that all those difficult parts of child-rearing—the sleepless nights, the endless demands on [...]

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Recruiter conversations: Gravitas

Executive recruiters are paid to be quick judges of leadership potential.  We assess intellectual horsepower, strategic thought and tactical execution in prospective candidates (and sources and clients, for that matter).  The assessment is binary…yes or no…and decided in the first 30 seconds. During outreach the conversation begins with something like “I’m trying to help our client [...]

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JLL Q3 2015 U.S. Real Estate Investment Outlook Report

As the market enters its sixth year of expansion and volatility heightens in the public equity markets, the chase for yield is intensifying, expanding the supply of inbound capital. The U.S. market is now driving 51.8 percent of global transaction volumes year-to-date. Despite increased caution and continued institutional discipline in markets, leasing dynamics remain strong [...]

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Quick Service Restaurants Market (QSR) Growing at 6% CAGR to 2019

Analysts forecast global quick service restaurant market to grow at CAGRs of 5.54% and 5.22%, in terms of revenue and volume, respectively, for the period of 2015 – 2019. The market size is calculated taking into account the retail sales generated by following product segments: Asian food, Burgers, Chicken, Chips, Drinks and desserts, Mexican food, [...]

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Senior Vice President Finance/Accounting Search

We are under way with a confidential financial executive search for a growing hotel owner/operator.  In this newly created role the SVP Finance/Accounting, reporting to the President, will lead all internal accounting functions supporting the company’s growing hotel portfolio. Specific to this the SVP will lead all aspects of accounting operations, including financial reporting, internal controls compliance, [...]

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Testimonials

In early 2013, we engaged Larry Mendez at Bannerot Partners to conduct a search for a chief operating officer for our company, Supertel Hospitality – a publicly traded REIT located in Omaha, Nebraska. I was familiar with Larry through his work in the hotel industry, and our Board of Directors endorsed the assignment. Larry was incredibly thorough, communicative, and effective throughout the process. In the end, we hired a very qualified candidate that fit our culture perfectly.
Mr. Kelly Walters, CEOSupertel Hospitality
“I highly recommend Larry Mendez and Bannerot Partners. In the search work that Larry did for us, he was able to identify high caliber candidates in a relatively short time span. We were pleased with the professionalism of the process and the final outcome. “
Bob Joyce, EVP Human Resources, Extended Stay America
I’ve always found him to be the consummate professional. He works very hard to understand the client’s need and has an expansive network which allows him to execute against the strategy.  Larry is ethical beyond reproach and understands how to gently nudge the process forward and across the finish line.
Bill Upshaw, President Lodging and Residential, TPI Hospitality