Performance Hospitality Management (PHM) Appoints Richard J. Cotter as Chief Operating Officer

FORT LAUDERDALE, FL. October 3, 2017 – National hospitality organization, Performance Hospitality Management (PHM), announced the appointment of Richard J. Cotter as Chief Operating Officer. Cotter has over 30 years’ experience working in many of the hospitality industry’s most emblematic hotels and resorts. In his new role, he will oversee the operations of its portfolio of managed independent and branded full-service and lifestyle hotels and resorts including B Hotels & Resorts properties throughout the Southeast, CoCo Key Hotel & Water Resort, Sagamore Hotel Miami Beach, Sheraton Tampa Riverwalk and others.

A respected industry leader, Richard Cotter’s impressive credentials include an intimate knowledge of operating hotels and resorts designed for guests who are seeking luxury experience. He has opened Wynn Las Vegas as EVP of Food & Beverage and Hotel Operations where he led the opening of the Wynn Tower Suites and Villas and the Wynn Las Vegas, along with 19 restaurants and the hiring of over 7, 000 associates. He also launched the St. Regis Brand worldwide as Vice President and Managing Director, responsible for the opening of the St. Regis Monarch Beach, St. Regis Los Angeles, and the conversion of St. Regis Hotels in Beijing, Rome, Aspen, Houston, Philadelphia, and Washington DC. Cotter simultaneously managed the St. Regis New York, where he repositioned Lespinasse Restaurant to four-stars in The New York Times. Cotter was subsequently Regional VP for the Mid-Atlantic states for Starwood Hotels and Resorts, where he was responsible for the opening of two hotels in Manhattan, W Hotel Times Square and Westin Times Square as well as 37 hotels from Starwoods’ brands, including St. Regis, Westin, W, and Sheraton.

Richard J. Cotter has been an advisory board member for the Center for Hospitality Research at Cornell University, Howard University in Washington DC and the Tisch Hospitality Program at New York University. He has received the Distinguished Citizen award from the Mayor of Beverly Hills, the Cardinal’s Committee of the Laity award by the Cardinal of New York and the Corporate Citizen Award from the Greater Harlem Chamber of Commerce. Mr. Cotter is a graduate of the School of Hotel Administration at Cornell University.

About Performance Hospitality Management

Performance Hospitality is a lifestyle hotel and resort management company committed to providing outstanding performance and financial results. The Company’s strategic value-creation approach, combined with transparent communication style, is tailored to execute on the owners’ vision, meet their needs, and exceed their expectations. Since its inception in 2011, Performance Hospitality has grown to manage more than 2, 000 rooms in multiple properties throughout the Southeast United States for both institutional and private investors. The systems and culture are built to deliver a hands-on ownership mentality while executing on the strategic growth plan. Performance Hospitality’s corporate office is based in Fort Lauderdale, Florida.

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