Scout Real Estate Capital Hires Real Estate Industry Veteran Charlie Schoenherr As President

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Scout Real Estate Capital Hires Real Estate Industry Veteran Charlie Schoenherr As President

We are delighted to have an executive of Charlie's stature join Scout

Scout Real Estate Capital CEO Alan Worden announced today that the company has hired real estate industry veteran Charlie Schoenherr as President of Scout Real Estate Capital. Previously Schoenherr served as a Managing Director of Lehman Brothers' Principal Transactions Group.

"We are delighted to have an executive of Charlie's stature join Scout," said Worden. "Charlie brings extraordinary experience and deep, long-standing relationships to our team. In today's environment owners and lenders of hospitality assets are seeking financial and operating solutions to challenged assets. Charlie has the ideal background to connect our hospitality expertise to a variety of situations where we can add value quickly."

"I am tremendously excited and energized by the opportunity to help broaden Scout's hotel platform by seeking hotel acquisitions and management opportunities across different markets and price points," said Schoenherr. "Scout is focused on all the right things - sustainability, extraordinary operating teams, turn-around and repositioning experience, and prudent financial operating approaches. By combining Scout's resort assets with urban and suburban hotels, we have the opportunity to build one of the world's leading hotel groups."

While at Lehman Brothers, Schoenherr structured $14 billion in financing for over 100 clients across the country. Notable assets included Manhattan House, the John Hancock Tower and the GM Building. He has a depth of experience in senior lending, mezzanine finance, and equity investing.

Prior to joining Lehman Brothers, Schoenherr was a Managing Director of GE Capital and a Senior Vice President of GE Pension Trust. At GE he earned the prestigious "Chairman's Award" from GE Chairman Jack Welch for outstanding performance. While at GE he financed dozens of hotels, generated over $3 billion in transactions, and served as a team leader focused on acquiring distressed assets and non-performing debt nationally during the RTC era in the early 1990s.

Schoenherr began his career with KPMG and was a CPA. While there he led a variety of auditing teams and made recommendations to management on how to improve their internal controls, disclosures, and accounting practices.

About Scout Real Estate Capital, LLC

Scout Real Estate Capital, LLC, with offices in New York City and Nantucket, focuses on acquiring, developing, and operating sustainable hospitality assets. The company owns and manages projects in Bermuda, Hawaii, Martha's Vineyard, and Nantucket.

Scout recently launched Scout Real Estate Services to advise owners and lenders of challenged hospitality assets in terms of development issues, operating strategies, and financial structures.

Scout's hospitality team is led by John Allison, the Chairman of Scout Hotels and the former CFO of Kerzner International, a highly respected developer and operator of destination resorts, casinos and luxury hotels worldwide including The Atlantis and the One & Only hotel brand.

Thad Hyland serves as the Chief Operating Officer of Scout Hotels. Thad spent 12 years working for Laurance Rockefeller at Rock Resorts and another 13 years working for the Crown family. Thad's most recent position before joining Scout was as Managing Director of the Ojai Valley Inn and Spa where he directed the turnaround of this storied asset. Through a major capital investment and an extraordinary focus on improving the guest experience, the hotel earned the coveted Five Diamond Award from AAA. He is also recognized as a leader in the development of spas and served as the past President of the International Spa Association.

Media Contacts:
Scout Real Estate Capital
Alan Worden, CEO
508-228-1006

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Nicole Gentile
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