BETHESDA, Md., March 15, 2022 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging actual property funding belief (the “Company”), introduced the appointments of Deanne Brand to senior vp, technique & analytics, and treasurer and Padmanabh Yardi to senior vp, data expertise.
Ms. Brand is answerable for driving the direction-setting company technique, in addition to main the organizational enterprise analytics perform. She will function a essential advisor on strategic market intelligence analytics and analysis used to ship enhanced business outcomes and implement custom-made asset-level initiatives designed to seize particular business alternatives. She additionally will function our treasurer, and subsequently be a key level of contact with exterior banking and finance events and can handle and tackle monetary dangers to make sure our monetary flexibility and optimized monetary efficiency.
Mr. Yardi is answerable for main all of data expertise and digital technique, in addition to main the event and implementation of strategic and progressive expertise options that can drive incremental EBITDA. He may also make sure the supply of IT companies, infrastructure, cybersecurity and capabilities throughout the enterprise and supply major management of driving monetization and innovation throughout the business because it pertains to expertise initiatives.
Host Hotels & Resorts’ Chief Financial Officer Sourav Ghosh stated, “We are thrilled to welcome Deanne and Padmanabh to our senior team. Deanne brings deep knowledge and experience in capital markets, corporate finance and treasury and Padmanabh brings extensive technology expertise in the hospitality industry. Both are extremely accomplished, skilled and well-respected executives within the lodging industry. They will be valuable additions to our leadership team and significant contributors to our business going forward.”
About Deanne Brand
Ms. Brand was most lately employed by Park Hotels & Resorts as their senior vp and treasurer the place she was answerable for capital markets, company finance, long-term strategic planning, treasury and insurance capabilities. Previously, she held senior stage company finance positions at Hilton Worldwide, Inc. the place she was answerable for venture finance oversight for the execution of Hilton’s debt and focused M&A transactions associated to its home owned, leased and three way partnership actual property belongings; company and asset-specific debt devices monitoring; analysis, structuring and execution of project-specific investments to assist the event staff safe new administration contracts and franchises; and capital markets help for Hilton’s strategic initiatives together with restructuring the stability sheet in preparation for the spin off transactions that occurred in 2017.
About Padmanabh Yardi
Mr. Yardi spent greater than 21 years with Marriott International, and, most lately, served as international vp, enterprise utility improvement & operations help at Marriott International, the place he was answerable for expertise improvement and operations throughout disperse geographical areas together with cloud and digital methods and product roadmaps for these areas. Additionally, he held a number of senior-level positions inside data expertise together with management assignments in areas corresponding to data expertise technique and planning, product administration, structure and utility improvement in addition to expertise income platforms and analytics. Prior to becoming a member of Marriott International, he was expertise program supervisor for Airline Tariff Publication Company and was a software program engineer for Reed Technology and Information Services.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 firm and is the biggest lodging actual property funding belief and one of the biggest homeowners of luxurious and upper-upscale inns. The Company at present owns 75 properties within the United States and 5 properties internationally totaling roughly 44,400 rooms. The Company additionally holds non-controlling pursuits in seven home and one worldwide three way partnership. Guided by a disciplined method to capital allocation and aggressive asset administration, the Company companions with premium manufacturers corresponding to Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Four Seasons®, Swissôtel®, ibis® and Novotel®, in addition to unbiased manufacturers. For further data, please go to the Company’s web site at www.hosthotels.com.
| SOURAV GHOSH | JAIME MARCUS |
| Chief Financial Officer | Investor Relations |
| (240) 744-5267 | (240) 744-5117 |
| [email protected] |
