Monday, March 7, 2011

Crescent Hotels & Resorts appoints Adam Greene to Head Up Expanded Acquisition Program

WASHINGTON, D.C., Mar. 7, 2011—Crescent Hotels & Resorts today announced that Adam Greene has joined the company as senior vice president of development & investments.  In the new role, he will be responsible for spearheading the company’s expanded acquisition, investment and growth strategy.

“We have always had an aggressive appetite for expansion and have the infrastructure and systems in place to manage our planned growth without placing stress on our existing portfolio,” said Michael George, Crescent Hotels & Resorts president and CEO. 

“As the hotel fundamentals strengthen, we see substantial opportunities to work with premier, strategic investment partners to capitalize on an increased flow of properties coming to market.

“ Adam brings significant expertise to our platform and will play a key role in our strategic future growth plans.  We expect to make a number of major announcements over the coming months.”

Greene is the former senior vice president, hospitality finance, with Textron Financial, the financing arm of the Fortune 500 company, where he oversaw the company’s hospitality investment portfolio. 

Contact:  Jerry Daly or Chris Daly, media, (703) 435-6293

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