StepStone Hospitality Leadership Team Adds Business Development Role to Drive Continued Expansion

New Chief Development Officer Brings Extensive Hotel Experience

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. September 09, 2015

PROVIDENCE, R. I. (Sept. 9, 2015) StepStone Hospitality, a premier hospitality management company specializing in full and select-service hotel operations, today announced that Jeffrey Dallas has been named Chief Development Officer. Dallas is charged with continuing to expand StepStone's portfolio.

“This newly created position is devoted to focusing on our growth strategy, through both acquisitions and third-party management contracts,” said Thomas Russo, Chief Executive Officer, StepStone Hospitality. “We're delighted to have someone with Jeff Dallas' skills and industry experience to fill this crucial role.”

With a career spanning over 30 years in the real estate and hospitality industries, he has experience in single asset and portfolio transactions, joint ventures, management and franchise agreements, asset management, dispositions and recapitalizations.

Dallas began his hotel career working in operations for Guest Quarters and Embassy Suites. After going back to school for his master's degree, he served as Director of Hotel Investments, overseeing investment and asset management strategy for a portfolio of properties for Prudential Realty Group. He became a Partner and practice leader for Real Estate and Hospitality Advisory Services with Ernst and Young. He was recruited as Senior Vice president Development for Dallas-based Remington Hotel Corporation before becoming Senior Vice President Business Development, North America for Wyndham Hotel Group, the world's largest hotel company.

Dallas earned a Bachelor of Science from the Cornell University School of Hotel Administration and an M.B.A. from Cornell University's Johnson School of Graduate Management.

“It's exciting to have Jeff join our team,” said Blair Wills, StepStone's President and Chief Operating Officer. “He's someone with a proven ability to build, lead and grow our hotel investment and development efforts.”

StepStone Hospitality currently manages hotels under several brands, including Hampton Inn, Courtyard by Marriott, Doubletree by Hilton, Hotel Indigo, Marriott, SpringHill Suites by Marriott, Residence Inn by Marriott, TownePlace Suites by Marriott, Sheraton, Wyndham, and independent properties. The complete StepStone Hospitality portfolio is available at www.stepstonehospitality.com.

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About StepStone Hospitality Founded in 2009, Rhode Island-based StepStone Hospitality specializes in management for full-service and select-service hotels and restaurant operations to deliver enhanced value to StepStone clients. The company provides a unique combination of strong, hands-on operations, world-class strategic asset management, and food and beverage expertise, maintaining a balanced focus between revenue enhancement, margin expansion and guest satisfaction. Learn more at www.stepstonehospitality.com.

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Editors' Note: A high-resolution headshot of Mr. Dallas is available upon request.

Media Contact: Shelley Schmeck, StepStone Hospitality Email: sschmeck@stepstonehospitality.com Phone: 407-492-5984