WASHINGTON, DC—Interstate Hotels & Resorts released the news today that hospitality real estate veteran C. A. Anderson will join the company as senior vice president/acquisitions and development. In his role, he will be responsible for sourcing hotel acquisition and management contract candidates, successfully completing transactions and building and maintaining relationships with joint venture partners. He will report to Steve Jorns, Interstate Hotels & Resorts’ chief investment officer. “Anderson rounds out our development team, which includes Larry Shupnick, svp/development and acquisitions; Bill Bagwill, svp/development and acquisitions; Gary Wisinski, vp/development; and Mark Purcell, director/business development and feasibility,” said Jorns. “Over the next few quarters, we expect the hotel real estate market to become much more dynamic, and we intend to be an active player, primarily through joint ventures. We currently are in discussions with several interested investment groups.” A 17-year hospitality industry veteran, Anderson previously was managing director of the hotel group for Cornerstone Real Estate Advisers, Inc., where he was responsible for overseeing 32 hotels with a market value of $1.5 billion. He has held a variety of senior-level positions within the hospitality industry, including vp/development for Red Lion Hotels, Inc. and vp/development for Hotel Nikko, Inc., a subsidiary of Japan Airlines Group of Companies. Additionally, Anderson is a certified hotel administrator (CHA) and past board member of the Hospitality Asset Managers Association.
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