US developer gets new investment leader

by | 15 Aug 2022 | Appointments, People

US-based hotel owner, operator and developer Stonebridge Companies has recruited Steve Kakaty as chief investment officer.

The Denver, Colorado-headquartered company is tasking Kakaty with spearheading its real estate platform.

$1 billion property plan

Stonebridge has been on the path towards expedited growth of both its third-party hotel management business as well as its real estate portfolio as it plans to add over $1 billion in properties following a recent investment made by TowerBrook Capital Partners and other private investors.

Projects that Stonebridge is currently investing in include Denver Airport Marriott at Gateway Park, a 238-room luxury build opening in Q3 2023.

Extensive experience

Kakaty has more than 16 years of experience in the real estate industry, including nearly 14 years with Rockwood Capital where he served as a director of acquisitions and asset management, with a primary focus on the hospitality sector.

Along with his tenure at Rockwood, Kakaty was also an associate at Cushman & Wakefield where he focused on appraisals in the lodging sector. He received a bachelor of science from Cornell University, School of Hotel Administration.

Strategic selection

Stonebridge founder, CEO and chairman Navin C. Dimond commented: “Our trademark ‘distinguished hospitality’ is at the heart of everything we do, including the strategic selection of our team members.

“Steve’s invaluable, robust experience within the lodging sector blended with his professionalism and exceptional expertise will elevate Stonebridge as we continue to expand our hotel portfolio.”

Related Articles

Deep dive with Bob van den Oord, CEO, Langham Hospitality Group

Deep dive with Bob van den Oord, CEO, Langham Hospitality Group

Bob van den Oord outlines how the global company will achieve its target of 50 operating sites over the coming years. What does Langham Hospitality Group’s hotel pipeline currently look like? We have 32 hotels in operation and 12 in the pipeline. With our new and...

Deep dive with Chris Nader, co-founder, Envi Lodges

Deep dive with Chris Nader, co-founder, Envi Lodges

Chris Nader, who has an extensive hotel development background, outlined to THP News why the relatively recent brand has an incredibly bright future. What does Envi Lodges’ pipeline currently look like? Our development pipeline showcases a series of lodges that we are...

KSL Resorts brings in business development and investment head

KSL Resorts brings in business development and investment head

In this position, Dhruv (DJ) Jain is charged with managing deal flow and underwriting to help grow and diversify KSL Resorts' portfolio. Seasoned professional A seasoned commercial real estate and hospitality industry professional, Jain has a strong background in...

American mountain resort firm welcomes development leaders

American mountain resort firm welcomes development leaders

Krista Sprenger has become chief development officer, while Andrew Bodziak has joined in the newly-created role of executive vice president, hospitality. Asset development In her role, Sprenger will be responsible for developing, redeveloping, and reprogramming...

SH Hotels recruits Asia Pacific chief to manage regional growth

SH Hotels recruits Asia Pacific chief to manage regional growth

Page will oversee each of the group brands’ development throughout the region, encompassing 1 Hotels, Baccarat Hotels, and Treehouse Hotels. Upcoming openings SH Hotels & Resorts’ next regional opening will be 1 Hotels & Homes Melbourne, featuring 277...

Lifestyle brand bolsters team for Asian expansion

Lifestyle brand bolsters team for Asian expansion

Anmol Bhojwani has been appointed to the role and is tasked with expanding the business. Doubling footprint He will join Generator’s senior team in introducing the brand to new markets and adding locations across the globe. The lifestyle hotel line’s aim is to double...

ABOUT THE COMPANY

Founded in 1991 by Navin Dimond, Stonebridge Companies is a privately owned, innovative hospitality management and hotel development company.

IN THIS ARTICLE