ATLANTA--(BUSINESS WIRE)--Jul 9, 2024--
Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced that Ron Fader has been named senior vice president, finance and accounting. In his new role, Fader will ensure excellence in the hotel day-to-day financial accounting, financial reporting, cash flow planning and management activities, while bolstering the accounting and finance team to help support future growth.
“Ron has a proven track-record of cultivating service-driven teams that are oriented toward performance and committed to the practice of continuous improvement while supporting the properties’ and management company’s financial goals,” said Linda Philp, CPA, senior vice president & chief financial officer, HVMG. “Ron prides himself on creating a strong culture of accountability and continued learning for both his team and those around him, making him the perfect fit for HVMG.”
With nearly 35 years of financial experience, many of those in hospitality, Fader most recently was senior vice president of finance & accounting with Atrium Hospitality. While there, he was responsible for the strategic direction of the hotel accounting department for the company’s portfolio of 80-plus hotels generating more than $1 billion in revenues annually. Prior to that, Fader was a partner and vice president of finance, hotels & restaurants, of Legacy Ventures and held similar leadership positions with InterContinental Hotel Group (IHG) and Hilton Corporation. Fader received his Bachelor of Science in accounting from Tulane University.
“Having worked in the hospitality industry for as long as I have, you recognize certain names and companies that stand out from the rest for their commitment to both their guests and their associates,” Fader said. “HVMG and its ‘Be Excellent’ culture speak to me, and I look forward to working with both the properties and the corporate team as we continuously strive to exceed our reputation as one of the best third-party operators/investors in the industry.”
About Hospitality Ventures Management Group
Hospitality Ventures Management Group is a privately owned, fully integrated hotel management and investment group that specializes in turning around and repositioning underperforming hotels, as well as maximizing the performance of stabilized hotels. HVMG currently operates 56 hotels and one convention center in 18 states totaling more than 9,300 guest rooms. HVMG operates independent and boutique hotels and resorts, as well as full-service, select-service and extended-stay hotels under the Marriott, Hilton, Hyatt, Hard Rock, and IHG brands. Visit www.hvmg.com for more information.
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CONTACT: Chris Daly
Daly Gray, Inc.
703-435-6293
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY LODGING TRAVEL
SOURCE: Hospitality Ventures Management Group
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PUB: 07/09/2024 08:55 AM/DISC: 07/09/2024 08:56 AM
http://www.businesswire.com/news/home/20240709348251/en
