Hotel Equities Promotes Brad Rahinsky to President and Chief Operating Officer
Fred Cerrone Moves up to Chairman and Chief Executive Officer
ATLANTA - June 2, 2014 - Atlanta-based Hotel Equities (www.hotelequities.com) recently promoted Brad Rahinsky to the position of President and Chief Operating Officer. Fred Cerrone, founder and former president, assumes the position of Chairman and Chief Executive Officer.
"Brad has used his extraordinary leadership skills to attract top talent to our team and grow the company," said Fred Cerrone, Chairman and CEO. "He has been instrumental in securing new business through key development deals and driving results to both the top and bottom line of our hotel assets."
Mr. Rahinsky joined Hotel Equities more than two years ago with a comprehensive 20-plus year background in hospitality operations, sales and marketing and business development. In his new position, he takes charge of Hotel Equities' strategic planning as well as all aspects of the organization's day-to-day activities with the assistance of an industry-best support team. His prior experience includes several executive level positions with multiple brands and hotel management firms.
"I'm extremely excited about the future for Hotel Equities and look forward to our continued success" said Rahinsky. "I am both honored and humbled to help lead and steer the direction of this wonderful organization. In this dynamic period of our 25-year history, our organization will continue to lead the way for the industry and provide tremendous opportunities for our key stakeholders."
During the industry's recent robust growth period, beginning in September 2013, Hotel Equities added over 20 hotels to its portfolio. The firm now has five hotels under development, including one in Miami Beach and one on Costa Rica's Pacific coast.
To handle the firm's expansion, Rahinsky recruited and/or promoted talent, experience and depth to the team by adding two new Vice Presidents of Operations along with additional support for the revenue management and financial support teams. His on-target moves have propelled Hotel Equities' success. Development and third party partnerships continue to grow rapidly and the firm expects excellent results in revenue for the foreseeable future.
Mr. Rahinsky holds a B.S. degree in Communication Arts with a minor in Marketing from the University of West Florida. Residents of Dacula, in Gwinnett County, Georgia, he and his wife Tricia are the parents of three children.
About Hotel Equities
Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as Chairman and CEO; Brad Rahinsky serves as President & COO. HE owns and or manages more than 50 properties in its portfolio. For more information, visit www.hotelequities.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
