New York, New York (PRWEB) June 01, 2016
This morning, Fulcrum Hospitality LLC (“Fulcrum”) announced the appointment of hospitality industry veteran Larry Kaminsky to its senior leadership team as Executive Vice President.
Mr. Kaminsky brings a 20-plus year background in hotel asset management and finance to Fulcrum’s existing team of hospitality executives, and furthers Fulcrum’s mission of dedicating senior-level leaders on every one its respective hotel engagements.
Mr. Kaminsky was formerly the Senior Vice President of Asset Management at LaSalle Hotel Properties, a highly regarded lodging REIT. During Mr. Kaminsky’s 10-plus years at LaSalle, he was directly responsible for asset managing a significant number of the REIT’s hotel assets, overseeing renovations and re-positioning, and leading many of the portfolio-wide initiatives and best practices.
“Larry is another highly-qualified addition to our firm,” remarked Steven Angel, Fulcrum’s Principal and Founder. “He brings with him a tremendous depth of expertise in hotel asset management, project and capital management, finance, as well as property acquisition diligence and underwriting. We are thrilled to have another distinguished senior-leader join our team, assisting our advisory clients and supporting our pipeline of equity investments in hotels and resorts.”
In addition to his time at LaSalle Hotel Properties, Mr. Kaminsky’s career includes senior leadership roles with CTF Hotels & Resorts, Kerzner International, Marriott International and Renaissance Hotels & Resorts. Mr. Kaminsky graduated from Emory University.
Mr. Kaminsky is actively involved in many industry organizations, currently serving as a board member of the Hospitality Asset Managers Association (HAMA), a participating member of the AH&LA Financial Management Committee, and participated in authoring the 11th Edition of the Uniform System of Accounts for the Lodging Industry.
Fulcrum Hospitality is a boutique operating partner, asset manager, and transaction advisor in the lodging and gaming space. Founded by former Goldman Sachs Managing Director Steven Angel, the firm has principal investments in hospitality assets, maintains acquisitions relationships with major investment banks and institutional private equity firms, and asset manages or advises on over 60 hotels worldwide.