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Archive for May, 2016

New Search – Vice President, Construction To Lead $800 Million Hotel Development Pipeline

We seek a senior construction executive to fill a newly created role for a premier hotel developer owner/operator. Based in the Southeast, our client develops and manages high quality hospitality real estate investments within urban, gateway markets across the United States.  Our client has opened hotels representing over $1 billion of invested capital. Today, the [...]

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How to approach a retained search consultant

We field calls and emails daily from people looking for a new job.  Most regular readers of the Wall Street Journal recognize the global firms…Heidrick & Struggles, Spencer Stuart, Russell Reynolds, Korn/Ferry.  We are alumni of H&S and KFI. Most resumes go straight to the junk email folder and calls aren’t returned because a busy [...]

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Be The Boss…Building A Company Requires Replacing People

David Steinberg, cofounder and CEO of Zeta Interactive shared thoughts from his experience building a billion dollar company: Expect to learn from failure. Replace people who no longer fit. Learn how to trust and delegate. Constantly innovate and pivot to stay relevant. “Zeta Interactive brings in north of $200 million annually and we’ve been valued [...]

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The US lodging industry is in the twilight of the current upcycle, according to Fitch Ratings

According to Fitch analysis, the lodging industry is near the end of this growth cycle.  The recovery is now the second longest on record, with trailing 12-month (TTM) RevPAR positive for 68 consecutive months. Fitch is not forecasting a U.S. recession through at least 2017 and it would be unprecedented for lodging to enter a [...]

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Lone Star Funds UK Hotel Sale To London & Regional Ltd.

London & Regional Properties Ltd. is in talks to buy 47 U.K. hotels valued at more than 550 million pounds ($800 million) from Lone Star Funds, according to two people with knowledge of the discussions. The London-based developer is the preferred bidder for the hotels, almost all of which are operated by Holiday Inn Express, [...]

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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’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
“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