Aimbridge Hospitality Promotes David Capps to Executive Vice President of Development

The Executive Brings More Than 17 Years of Experience to the Role.

USA, Dallas, Texas. October 12, 2020

Aimbridge Hospitality, the leading, global, third-party hotel management company, has promoted David Capps to serve as Executive Vice President of Development.

Capps has been an integral part of Aimbridge Hospitality's business development team for a decade, identifying management growth opportunities across all hotel verticals, fostering new joint venture opportunities, and working with capital partners, lenders, brokers, and brands. During his tenure, he has been responsible for the addition of over $1 Billion in hotel real estate value to the company's portfolio.

"I am delighted to announce the promotion of David to Executive Vice President of Development. He has brought great value to our company over the last decade, and I look forward to his continued growth in this new role," said Greg O'Stean, Chief Development Officer of Aimbridge Hospitality.

Prior to Aimbridge Hospitality, he served as Assistant Vice President of Merrill Lynch Capital and, prior to that, as Assistant Finance Manager for Merrill Lynch Global Banking Group. Capps is a graduate of the University of Houston, where he received a Bachelor of Arts in Finance from the Bauer College of Business.

/ SLIDES

About MCA Public Relations

Aimbridge Hospitality is a leading, global hospitality company offering best-in-class hotel management services across a broad spectrum of franchised branded full service, select service, luxury hotels, destination resorts, convention centers and lifestyle hotels. Aimbridge's premium portfolio represents over 1,500 properties in 50 states and 23 countries, inclusive of pipeline. With the most robust brand diversity in the industry, Aimbridge operates 84 lodging brands, in addition to more than 90 independent boutique/lifestyle hotels in the portfolio. As the world's largest third-party operator, Aimbridge is dedicated to its mission to leverage its scale to add value for owners and opportunities for associates better than any other hotel operator. Aligned with a concentrated focus, agility, and expertise for each vertical, Aimbridge drives market success for hotels and optimizes investment returns for owners. Aimbridge Hospitality's global headquarters is based in Plano, Texas, with additional corporate offices in Atlanta, Calgary, Fargo, Puerto Rico, and Washington, D.C. Evolution Hospitality, Aimbridge's Lifestyle Division, is based in San Clemente, California, Aimbridge's International Division, Interstate Hotels & Resorts, has supporting offices across Europe in Amsterdam, Birmingham, and Glasgow. The company's division in Mexico, Group Hotelero Prisma, has offices in Monterrey and Mexico City. For more information, visit www.aimbridgehospitality.com and connect with Aimbridge on LinkedIn.