US-based resort proprietor, operator and developer Stonebridge Corporations has recruited Steve Kakaty as chief funding officer.
The Denver, Colorado-headquartered firm is tasking Kakaty with spearheading its actual property platform.
$1 billion property plan
Stonebridge has been on the trail in direction of expedited progress of each its third-party resort administration enterprise in addition to its actual property portfolio because it plans so as to add over $1 billion in properties following a current funding made by TowerBrook Capital Companions and different personal buyers.
Tasks that Stonebridge is presently investing in embody Denver Airport Marriott at Gateway Park, a 238-room luxurious construct opening in Q3 2023.
Kakaty has greater than 16 years of expertise in the actual property trade, together with almost 14 years with Rockwood Capital the place he served as a director of acquisitions and asset administration, with a main give attention to the hospitality sector.
Alongside along with his tenure at Rockwood, Kakaty was additionally an affiliate at Cushman & Wakefield the place he targeted on value determinations within the lodging sector. He obtained a bachelor of science from Cornell College, Faculty of Resort Administration.
Stonebridge founder, CEO and chairman Navin C. Dimond commented: “Our trademark ‘distinguished hospitality’ is on the coronary heart of every part we do, together with the strategic collection of our crew members.
“Steve’s invaluable, strong expertise throughout the lodging sector blended along with his professionalism and distinctive experience will elevate Stonebridge as we proceed to develop our resort portfolio.”