Hospitality Ventures Management Group appointed Dana Tsakanikas EVP/chief investment officer. Tsakanikas brings more than 25 years of experience in commercial real estate, transactions and capital-raising to his new role.
In the newly created role, he will work closely with President/CEO Robert Cole, EVP/Chief Development Officer Mary Beth Cutshall and the rest of the development and acquisitions team. He will help support the company’s growth efforts by sourcing new capital; structuring/transacting on acquisitions, joint ventures and dispositions; and executing on new and existing strategic partnerships and relationships. Additionally, he will support HVMG and its hotel partners with any property refinancing needs and assist with the oversight of existing investments and with value-creation asset management projects and routines.
“Dana will be instrumental supporting our growth strategy and leading various projects and strategic initiatives that will expand upon our ability to support our hotels and our partners,” Cole said in a statement. “My history with Dana goes back more than 15 years. In that time, he has proven himself to be a very adept real estate financier and savvy when it comes to structuring transactions and joint ventures. I am confident Dana will help HVMG achieve its aggressive growth goals as we continue to expand our platform and portfolio of hotels.”
Most recently, Tsakanikas served as EVP with Stonehill, the financial arm of Atlanta’s Peachtree Hotel Group. There, he led strategic initiatives, sourced capital and structured and executed equity and debt transactions. Before that, he worked as an SVP at Rockbridge Capital, where he played a significant role in sourcing, structuring and executing on more than $4 billion of debt and equity across more than 200 hotel transactions.
Hospitality Ventures Management Group is a privately owned, fully integrated hotel investment and management group. It operates 43 hotels and convention centers in 17 states totaling 7,249 rooms.