York, Pa.-based hotel development and management company Springwood Hospitality recently made organizational changes. President Justin Shelton assumed ownership from founder and partner David Hogg, who will remain actively involved as Springwood’s development specialist. Hogg is also mentoring an expanded development team to help accelerate the company’s growth.
Shelton partnered with Hogg and joined Springwood Hospitality as president in 2009. Shelton recently purchased Hogg’s remaining 50 percent interest and became CEO. According to Hogg and Shelton, it was always the goal for Shelton to eventually take the reins, and for Hogg to remain involved as a mentor.
“I am thrilled to have Justin at the helm,” Hogg said in a statement. “He has driven most company decisions for years, with industry-recognized excellence that has substantially benefited our team and our investors. I believe his leadership will deliver the best possible future for Springwood Hospitality.”
Other organizational shifts include the promotion of director of operations, Molly Jensen, to company VP. Jensen worked her way up through the ranks of hospitality management, starting at the front desk.
“It is a true pleasure to officially announce Molly’s well-deserved promotion. She has been such an asset to Springwood from day one,” Shelton said. “Her success is a blend of her love and understanding of the industry, her incredible work ethic and her relationship-building skills. She’s an incredibly well-rounded mother and dedicated community member, and she’s an inspiration to all who know her.”
Springwood and its affiliates have developed 34 projects worth more than $360 million in central Pennsylvania, West Virginia, New York and Maryland. They have helped high-net-worth entities and individuals invest $140 million of private capital in these projects.