What's Happening?
PM Hotel Group has announced the appointment of Evan Morick as Senior Vice President of Development. Morick is tasked with expanding the company's portfolio through third-party management contracts and strategic partnerships with property owners. He brings over 20 years of experience in hotel development, acquisitions, and asset management. His previous roles include advising Douglas Development Corporation on asset management for a multi-hotel portfolio and serving as Senior Vice President of Development at Procaccianti Companies, where he led growth initiatives across hotel and marina platforms nationwide. Morick's career also includes senior positions at Kokua Hospitality, Rim Hospitality, Hilton Worldwide, and MeriStar Hospitality Corporation. He began his career with Marriott International and holds a Bachelor of Science in Finance and International Business from the University of Maryland.
Why It's Important?
The appointment of Evan Morick is significant for PM Hotel Group as it seeks to expand its national footprint, particularly in high-growth destinations. Morick's extensive experience in hotel development and asset management is expected to bolster the company's strategic growth initiatives. By focusing on branded, independent, and lifestyle properties, PM Hotel Group aims to enhance its market presence and competitiveness in the hospitality industry. This move could potentially lead to increased investment opportunities and partnerships, benefiting both the company and its stakeholders.
What's Next?
In his new role, Morick will concentrate on expanding PM Hotel Group's presence in high-growth destinations. The company plans to leverage his expertise to secure more third-party management contracts and forge strategic partnerships with property owners. This expansion strategy is likely to involve identifying and capitalizing on emerging market trends within the hospitality sector, potentially leading to new developments and acquisitions.
