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Bannerot Banter

US Hotels Seeing Record Profitability, Executives Should See Unprecented Career Opportunities

Eight consecutive years of increasing profits, per CBRE.  This, coupled with baby boomer retirements, is creating unprecedented opportunity for career growth in the industry. U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the rate of revenue growth, according to the recently released 2018 edition of Trends in [...]

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Completion News: Buffalo Lodging CEO, Jeff Dougan

We are pleased to have assisted Buffalo Lodging Associates and Benderson Development in the recruitment of Mr. Jeff Dougan as Chief Executive Officer. Jeff joins BLA in May 2018 from Condor Hospitality Trust (NYSE: CDOR) where he is Chief Operating Officer. Previously Jeff held multisite operations roles with Stonebridge Hospitality and Sage Hospitality Resources. A [...]

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Completion News: Alan Tallis, Stonehill Strategic Capital Board of Advisors

We are pleased to have assisted Stonehill Strategic Capital in the addition of Mr. Alan Tallis to their Board of Advisors, Debt Fund II.  Mr. Alan L. Tallis is also an Independent Director of Ashford, serving as the chairman of the AHT compensation committee and as a member of the audit, acquisitions, and related party/conflicts [...]

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30th Hunter Hotel Investment Conference

We look forward to reconnecting with friends and colleagues at the Hunter Hotel Conference this week.

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Four Tips For Onboarding A New Executive

An excellent post by H&S’s Renee Neri on on-boarding. Here’s a portion: The uncomfortable truth about executive transitions is that they often fail. Change, after all, is hard, and the degree of change involved in a transition can be considerable. A useful rule of thumb to calculate the amount of change that a transition will [...]

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Hotel Company Growth – Focus On Luxury

Discussion at recent conferences highlights underinvestment in the luxury sector since the downturn. Large brands have been buying midsize players in the luxury segment leaving open the opportunity for new and smaller entrants to the sector.

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Search – Managing Director, Harbor View Hotel, Martha’s Vineyard

We are under way with a Managing Director search on behalf of the new owner and manager of Harbor View Hotel, Martha’s Vineyard. This iconic, historic property will undergo a significant renovation in 2018/19. We seek an experienced luxury boutique hotel leader with depth in destination resorts, three star restaurants, and spa operations. OUR CLIENT [...]

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Baby-Boomer Retirements Reshaping The Lodging Industry

The lodging industry continues to feel the impact of demographics with C-Suite retirements. Prominent changes occurred in 2017 including Choice’s Steve Joyce being succeeded by Pat Pacious and Omni’s Mike Deitemeyer moving into Jim Abrahamson’s chair at Interstate. As 2018 begins there are almost a dozen CEO or President searches ongoing as long time leaders [...]

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CEO Search

We are under way with a confidential CEO search for a privately held, financially secure, hotel owner/operator. Headquartered in the Northeastern U.S., the company’s growing portfolio of premium branded select service properties generates $200 million in revenue from markets across the Northeast, Midwest, and Southeast. The leader we seek will focus on enhancing operational excellence, [...]

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Completion News: TPI Hospitality Chief Operating Officer

We are pleased to have assisted TPI Hospitality in the recruitment of Mr. Jim Sega as Chief Operating Officer. Most recently with Pillar Hotels and Resorts, he brings more than 25 years’ experience leading 100+ branded full service, select service, and beachfront resort properties. Earlier in his career Jim held leadership roles with Crescent Hotels and Resorts, HEI Hotels [...]

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Testimonials

Larry was my main point of contact through the recruitment process and was very thorough in verifying my qualifications and experience, and adequately describing the opportunity.
Mark Boekenheide, AIA, LEED AP, Managing Partner, BBG-BBGM
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
Larry has provided first class service to our company on many occassions. His deep knowledge of the market and key individuals, his understanding of our culture and our company projects means he’s provided excellent candidates and has helped us recruit top performers at senior levels of our organization. I highly recommend Larry’s services.
Mr. Olivier Poirot, CEO, Accor North 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, CSM Lodging
“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