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Appointments & Promotions

Hotel Equities Names Marcie Pruitt Corporate Controller

ATLANTA, GA. August 15, 2017 – Atlanta-based Hotel Equities (HE) named Marcie Pruitt to the position of Corporate Controller. Her responsibilities include oversight of the accounting and financial functions for the firm, including staff supervision and owner relations. She reports to Carlos Melgar, Vice President of Finance for Hotel Equities.

“Marcie brings leadership experience and excellent accounting skills to our expanding accounting team,” said Carlos Melgar, Vice President of Finance for Hotel Equities. “A veteran of the hospitality industry, she understands the financials, but also is skilled at building relationships with our owner community.”

An Accounting Supervisor with M3 Professional Services for the past three years, Ms. Pruitt brings 20 years of accounting experience to her new position at Hotel Equities. In her role, she supervised a staff of accountants responsible for maintaining accounts for multiple clients, evaluated and distributed work flow and performed annual reviews.

She began her accounting career after college with McKibbon Hospitality in Gainesville, Georgia where she grew with the firm for many years. As she gained experience, the firm granted promotions of increasing responsibility culminating in her appointment as Senior Accountant, a position responsible for maintaining general ledger accounts for up to 15 hotels at one time.

Ms. Pruitt holds a Bachelor of Business Administration in Accounting from the University of North Georgia. She enjoys reading, shopping and spending time with her family. She and her husband are the parents of one young daughter and live in Cumming, Georgia where she is a volunteer at her church and an active member of the choir.

About Hotel Equities

Hotel Equities (HE) is an Atlanta-based full-service hotel ownership, management and development firm operating more than 100 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Founder and Chairman. Brad Rahinsky serves as President and Chief Executive Officer. For more information, visit www.hotelequities.com.

Contact:
Margaret M. Jones
Director of Public Relations
770.934.2170

Brad Rahinsky
President and Chief Executive Officer
678.578.4444, x 22

Joe Reardon
SVP of Business Development and Marketing
678.578.4444, x23

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.