Hotel Equities has appointed Dennis Meroney as its new CIO. Meroney is a 25-year veteran of the financial industry and has served on the Hotel Equities Board of Directors since 2007.
As CIO, Meroney will assume the responsibility for financial planning, strategic fund raising and working with existing ownership groups on financial options.
“I’m not only excited about Hotel Equities’ owned assets but the fund raising of our second fund as well,” said Meroney. “I look forward to working with the HE team to drive even stronger business results from my new position.”
Before joining Hotel Equities, Meroney served as president of National Mortgage Alliance where he planned and implemented all phases of a national, online mortgage lending company as a division of a state chartered commercial bank. He is also the the former president and COO of Amerisave Mortgage.
“Dennis’ demonstrated track record across the financial and business landscape made him the perfect candidate to step into this important role on our management team,” said Hotel Equities president and CEO, Fred Cerrone. “With a large portfolio of expertise in all facets of finance and a history of driving positive change, he is a welcome addition to our team, especially as we celebrate 25 years in business and look toward enhancing our business model to meet the needs of today’s hotelier.”