Sage Hospitality, a Denver-based hotel investment and management company, promoted Dean Stambules to VP of acquisitions.
Since joining Sage in 2014, Stambules has been a part of the company’s acquisition team as the director of feasibility, during which time he played a role in nearly all of Sage’s new business-related acquisitions, developments and third-party management contracts.
“In his time with Sage, Dean has shown strong business acumen and the drive to take Sage’s acquisition efforts to the next level,” Jason Altberger, CIO at Sage Hospitality, said in a statement. “His knowledge and dedication will allow us to continue to strategically grow our portfolio.”
In his new role, Stambules will assume responsibility for identifying value enhancement opportunities, optimizing capital structures and execution of the business plan through disposition. Prior to joining Sage, Stambules was an analyst at Hunter Hotel Advisors, where he worked in the capital markets division and focused on the underwriting and placement of hotel real estate debt and equity. Before that, he served as an associate at Welsh Chester Galiney Matone, a consulting firm in Northern New Jersey, where he gained experience in real estate valuation for all commercial property types.
“Sage Hospitality is truly a market leader within the hospitality industry, and I am excited to continue to grow my career here,” said Stambules. “I look forward to the continued success of our efforts on the investments team.”