Atlanta-based Hotel Equities has promoted Brad Rahinsky to the position of president and COO. Fred Cerrone, founder and former president, assumes the position of chairman and CEO.
“Brad has used his extraordinary leadership skills to attract top talent to our team and grow the company,” said Cerrone. “He has been instrumental in securing new business through key development deals and driving results to both the top and bottom line of our hotel assets.”
Rahinsky joined Hotel Equities more than two years ago with a 20-plus-year background in hospitality operations, sales and marketing and business development. In his new position, he takes charge of Hotel Equities’ strategic planning as well as all aspects of the organization’s day-to-day activities.
“I’m extremely excited about the future for Hotel Equities and look forward to our continued success” said Rahinsky. “I am both honored and humbled to help lead and steer the direction of this wonderful organization. In this dynamic period of our 25-year history, our organization will continue to lead the way for the industry and provide tremendous opportunities for our key stakeholders.”
Beginning in September 2013, Hotel Equities added over 20 hotels to its portfolio. The firm now has five hotels under development, including one in Miami Beach and one on Costa Rica’s Pacific coast.