Atlanta-based commercial real estate firm Songy Highroads is promoting co-founder Todd W. Nocerini to the role of president.
Nocerini will continue to serve as COO while taking on new responsibilities in his new role. These include overseeing all of the development, management and leasing of Songy Highroads’ company-owned and third-party properties in North America.
“Nocerini has always embodied our mission and values here at Songy Highroads,” SHR Chairman & CEO David Songy said. “He has had a lasting impact on this organization, and as we continue to grow our portfolio, we are confident that Nocerini will continue to contribute to the quality and innovation that we are known for.”
Nocerini joined Songy and Perry M. Waughtal in 1994 from Barker-Patrinely Group and began his career at Cushman & Wakefield in Miami. His experience in property management, leasing and tenant construction made him an appealing partner to both Songy and Waughtal as they looked to acquire and develop institutional-quality real estate and expand their services to the hospitality sector. In 2010, Songy, Waughtal and Nocerini turned their ongoing joint ventures into what is now SHR.
Songy Highroads has completed more than $1.5 billion in acquisitions and developments. Under Nocerini’s management, the company recently completed the renovation and rebranding of the Margaritaville Lake Resort, Lake Conroe—the first Texas-based resort in the Margaritaville portfolio. This project was completed in 12 months and came in under budget.
Before the Margaritaville project, Nocerini oversaw a number of key SHR developments, including the ground-up development of the Hyatt Place Centennial Park in Atlanta and the Hyatt House Nashville, both of which were 50 percent joint ventures with Hyatt Hotels Corp.