Global hotel management company Aimbridge Hospitality has announced the expansion of its board of managers, which currently includes CEO Craig S Smith and chair Steve Joyce.
The newly appointed board members, namely Glenn Alba; Rich Gomel; Carrie McIntyre; and Emanuel (Manny) Pearlman, aim to bring their expertise in the hospitality sector to the company.
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Speaking of the new members, Smith said: “They bring impressive track records and significant expertise across hospitality, real estate, and finance, and we look forward to leveraging their leadership and unique insights to deliver best-in-class hotel operating performance, advancing our position as the hotel operator of choice.”
TMGOC Ventures co-founder Glenn Alba has more than two decades of institutional investing experience in real estate and hotels, and previously served as CEO of Opterra Capital.
Two Sigma Real Estate partner and chief investment officer Rich Gomel brings a history of investing and operating leadership from his time at Starwood Capital Group and Starwood Hotels.
VIRIDIS Fund Solutions CEO Carrie McIntyre was the former CEO of third-party fund administration business at StepStone Group. She was also chief financial officer at Greenspring Associates and Interstate Hotels and Resorts, which merged with Aimbridge Hospitality.
As the chair and CEO of Liberation Investment Group, Manny Pearlman’s 35-year career includes experience in investing, executive finance, operations, and advisory roles with both publicly traded and private companies.
The board expansion follows Aimbridge Hospitality’s successful balance sheet restructuring, which was supported unanimously by its lenders.
The company has transformed more than $1bn of debt into equity and secured an additional $100m in new capital.
This financial overhaul has improved the company’s liquidity, enabling further investment in its strategic and operational capabilities.
Smith added: “We’re now in a position of strength with one of the healthiest balance sheets in the industry. Looking ahead, the goal and game plan are clear – deliver results for our owners and brand partners. We’re doubling down on execution, ramping up investments, and accelerating innovation in the services that set us apart.”
