Chip Young Rejoins Presidian Hotels and Resorts as Chief Operating Officer

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. October 06, 2016

SAN ANTONIO, TX. October 6, 2016 - Presidian Hotels & Resorts (“Presidian”), a premier hotel investment and management company based in San Antonio, Texas, today announced that Chip Young has rejoined the company as Chief Operating Officer. As Chief Operating Officer, Mr. Young will be responsible for the operations of all hotels in the growing Presidian portfolio as well as directing the strategic positioning of the company for ongoing growth through strong organizational alignment and operational execution.

Mr. Young is a respected hospitality industry veteran with a career spanning over 35 years, including time previously spent with Presidian serving as the company's Vice President of Operations. Chip began his career with the Marriott Corporation where he spent a total of 17 years in various roles. He also served as a Regional Vice President of Operations for White Lodging and held similar roles with La Quinta Inns and Suites and Prime Hospitality. Immediately prior to rejoining Presidian, Mr. Young served as the Chief Operating Officer for BC Lynd Hospitality in San Antonio.

Mr. Young's breadth of experience includes sustained success in all segments of the business. This includes full-service, extended stay, select service, and independent hotel management and extensive involvement with quality brands such as Hilton, Hyatt, Marriott, and Starwood. Mr. Young has an unwavering commitment to guest service and satisfaction through a passion for training, quality and continuous improvement and his track record shows a keen ability to attract, develop and retain top talent at all levels. Through a focused and balanced approach, he fosters strong relationships and superior returns for owners, investors, brands and lenders.

"It is with great enthusiasm that we welcome Chip back to the Presidian family,” said Charles Leddy, Presidian's CEO. “Chip was integral in establishing the unique people-oriented culture and hands-on management approach that has served Presidian, our associates and our portfolio of hotels so well over the past decade. With the exciting pipeline of opportunities in front of us and given Chip's depth of history with Presidian, we could not ask for a better hospitality executive to take over leadership of our growing management platform.”

In commenting on his return to the organization, Mr. Young said, “I am delighted to be rejoining the Presidian family. The culture is strong, the talent is deep, and the pipeline is very healthy. I look forward to helping lead our team through this exciting time of growth.”

About Presidian Hotels & Resorts

Presidian currently operates, develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under the Marriott, Starwood, Hilton, and InterContinental Hotels Group flags. As specialists in hotel development and management projects throughout the U.S., Presidian has earned a national reputation of excellence and dependability with an impressive track record of successfully developing and managing over $400 million in successful real estate projects.