Appointments & Promotions

AJ Capital Partners Names Clay Thelen as Chief Financial Officer

CHICAGO, IL. May 1, 2017 – AJ Capital Partners announced today the hire of a new member to its executive team. Clay Thelen joins the team as Chief Financial Officer, with a specific focus on capital markets.

“Clay is an exciting addition for our Company,” said Eric Hassberger, COO of AJ Capital Partners. “Clay's extensive knowledge and experience in the capital markets and lodging industry make him an ideal fit for the AJ Capital and Graduate Hotels team.”

Prior to joining AJ Capital Partners, Clay was Vice President, Capital Markets, Acquisitions, and Treasurer at Strategic Hotels & Resorts (SHR) where he led the capital markets, financial planning and analysis, and treasury functions. Additionally, in his time at SHR, Clay directly participated in the company’s hotel acquisition and disposition activity as well as its transition from being publicly traded to privately held. Clay began his career as a CPA in the risk advisory and audit practices at Ernst & Young, LLP.

About AJ Capital Partners

Adventurous Journeys Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States, Mexico, and the Caribbean. In fall 2014, AJ Capital Partners launched the Graduate Hotels brand. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.

Contact:
Meg Connolly
meg@mcc-pr.com
212-505-8200

Coming Up In The October Online Hotel Business Review




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Feature Focus
Revenue Management: Technology and Big Data
Like most businesses, hotels are relying on technology and data to drive almost every area of their operations, but perhaps this is especially true for hotel Revenue Managers. There has been an explosion of technology tools which generate a mountain of data – all in an effort to generate profitable pricing strategies. It falls to Revenue Managers to determine which tools best support their operations and then to integrate them efficiently into their existing systems. Customer Relationship Management, Enterprise Resource Planning, and Online Reputation Management software are basic tools; others include channel managers, benchmark reports, rate shopping tools and review systems, to name a few. The benefits of technology tools which automate large segments of a Revenue Manager’s business are enormous. Freed from the time-consuming process of manual data entry, and having more accurate data available, allows Revenue Managers to focus on analysis, strategies and longer-term decision-making. Still, for most hotels, the amount of data that these tools generate can be overwhelming and so another challenge is to figure out how to effectively utilize it. Not surprisingly, there are some new tech tools that can help to do exactly that. There are cloud-based analytics tools that provide a comprehensive overview of hotel data on powerful, intuitive dashboards. The goal is to generate a clear picture, at any moment in time, of where your hotel is at in terms of the essentials – from benchmarking to pricing to performance – bringing all the disparate streams of data into one collated dashboard. Another goal is to eliminate any data discrepancies between finance systems, PMS, CRM and forecasting systems. The October issue of the Hotel Business Review will address all these important developments and document how some leading hotels are executing their revenue management strategies.