CGI Merchant Group Adds Hospitality OPS Veteran Robert Festinger to its Roster as VP of Hospitality Asset Management


MIAMI (PRWEB) August 16, 2021

CGI Merchant Group, LLC (CGI) -- a global investment management firm with a focus on real estate and private equity -- recently welcomed Robert Festinger as vice president of hospitality asset management. Festinger, an award-winning industry veteran, will play an integral role in driving the success of the firm's growing hospitality investment portfolio.

"Robert joins our team at a pivotal time for both the firm and the hospitality industry," said CGI Founder and CEO, Raoul Thomas. "As our hotel portfolio and the way consumers think about travel continue to evolve, so does our role as asset managers. Robert's strong track record, breadth of knowledge in operations and commitment to service brings a holistic approach to our asset management, and we are confident he will be instrumental in driving the firm's industry-changing ventures."

In this new role, Festinger will leverage his three decades of industry experience across Chicago, New York, and South Florida markets, to oversee the day-to-day operations and play an active role in the firm's $650 millionHospitality Opportunity Fund (H-fund), which looks to acquire 20 hotels throughout North America and the Caribbean over the next three years.

Since joining the CGI team, Festinger has already played an essential role in the reopening of the H-Fund's seed asset, The Gabriel Miami, a Curio Collection by Hilton property in the heart of downtown Miami. The property is the first in a soon-to-be-announced hotel concept, which looks to set a new standard in the hospitality industry while simultaneously driving positive change in host communities.

"It is an honor to join CGI and support their mission of advancing the hospitality industry," said Festinger. "I look forward to creating value-enhancing opportunities throughout the properties that meet the firm's objectives while simultaneously enriching the guest experience."

Prior to CGI, Festinger most recently served as vice president of hotel operations for Menin Hospitality, managing all day-to-day operations for the hospitality management and development company's portfolio of hotels, including the Mondrian South Beach, Shelborne South Beach, Gale South Beach, Gale Boutique Hotel and Residences Fort Lauderdale, and Raffaello Chicago. Going beyond his role, Festinger also served as a mentor to property general managers and their management teams.

Festinger graduated from Hofstra University with a bachelor's degree in political science and economics, and then went on to hold prominent management positions with notable hospitality brands, such as Hilton Hotels and Resorts, Starwood Hotels and Resorts and The Newport Beachside Hotel and Resort.

###

About CGI Merchant Group, LLC
CGI Merchant Group (CGI) is a global investment management firm focusing on real estate and private equity. Through our people, unique strategies and investment platform, we work to create long-term value for our investors and shareholders and seek to improve the communities where we invest.

CONTACT: Jorge Mendez, jorge.mendez@rbbcommunications.com

Read the full story at https://www.prweb.com/releases/2021/8/prweb18132383.htm

Related Businesses
    - - Customer
    Copyright © 2024 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
    The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement. 
    Contact Us: 845.230.3000
    Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
    Monday, July 1, 2024