BETHESDA, Md., March 15, 2022 (World NEWSWIRE) — Host Resorts & Resorts, Inc. (NASDAQ: HST), the nation’s major lodging serious estate investment decision believe in (the “Company”), announced the appointments of Deanne Manufacturer to senior vice president, approach & analytics, and treasurer and Padmanabh Yardi to senior vice president, details technological know-how.
Ms. Manufacturer is dependable for driving the direction-placing corporate system, as perfectly as primary the organizational business analytics purpose. She will serve as a essential advisor on strategic market place intelligence analytics and analysis utilised to supply increased business enterprise outcomes and implement tailored asset-degree initiatives designed to seize particular business possibilities. She also will serve as our treasurer, and for that reason be a key level of make contact with with exterior banking and finance parties and will deal with and tackle economic threats to guarantee our financial versatility and optimized economic effectiveness.
Mr. Yardi is liable for primary all of details technological innovation and electronic system, as well as primary the improvement and implementation of strategic and modern technological innovation alternatives that will push incremental EBITDA. He will also be certain the shipping and delivery of IT providers, infrastructure, cybersecurity and capabilities throughout the enterprise and provide principal leadership of driving monetization and innovation across the organization as it relates to know-how initiatives.
Host Resorts & Resorts’ Main Fiscal Officer Sourav Ghosh explained, “We are thrilled to welcome Deanne and Padmanabh to our senior group. Deanne brings deep understanding and encounter in capital marketplaces, company finance and treasury and Padmanabh provides considerable technology knowledge in the hospitality sector. The two are exceptionally accomplished, competent and very well-revered executives inside of the lodging sector. They will be precious additions to our leadership team and sizeable contributors to our business enterprise likely forward.”
About Deanne Brand
Ms. Brand was most lately utilized by Park Hotels & Resorts as their senior vice president and treasurer where by she was accountable for capital markets, corporate finance, long-phrase strategic scheduling, treasury and coverage capabilities. Earlier, she held senior stage company finance positions at Hilton Worldwide, Inc. the place she was liable for undertaking finance oversight for the execution of Hilton’s personal debt and targeted M&A transactions linked to its domestic owned, leased and joint undertaking authentic estate property company and asset-specific credit card debt devices checking analysis, structuring and execution of task-distinct investments to assistance the advancement team safe new administration contracts and franchises and cash markets support for Hilton’s strategic initiatives like restructuring the equilibrium sheet in preparation for the spin off transactions that happened in 2017.
About Padmanabh Yardi
Mr. Yardi used additional than 21 yrs with Marriott Worldwide, and, most not too long ago, served as international vice president, company application advancement & operations assistance at Marriott Worldwide, the place he was liable for technological know-how enhancement and operations throughout disperse geographical destinations which includes cloud and digital approaches and merchandise roadmaps for these locations. Additionally, he held various senior-stage positions inside of data technology including leadership assignments in places this sort of as data technology approach and preparing, products administration, architecture and software enhancement as perfectly as know-how earnings platforms and analytics. Prior to joining Marriott Intercontinental, he was technological know-how plan manager for Airline Tariff Publication Firm and was a program engineer for Reed Technological know-how and Data Companies.
About Host Lodges & Resorts
Host Accommodations & Resorts, Inc. is an S&P 500 company and is the most significant lodging serious estate expenditure have confidence in and just one of the major owners of luxury and upper-upscale hotels. The Organization at present owns 75 homes in the United States and 5 attributes internationally totaling about 44,400 rooms. The Firm also holds non-managing passions in seven domestic and one particular intercontinental joint venture. Guided by a disciplined strategy to money allocation and aggressive asset management, the Organization companions with premium brands this sort of as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Four Seasons®, Swissôtel®, ibis® and Novotel®, as nicely as independent brands. For supplemental information and facts, be sure to pay a visit to the Company’s site at www.hosthotels.com.
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SOURAV GHOSH |
JAIME MARCUS |
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Chief Economic Officer |
Trader Relations |
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(240) 744-5267 |
(240) 744-5117 |
