Hospitality Ventures Management Group (HVMG) Appoints Dana Tsakanikas Executive Vice President & Chief Investment Officer
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has named Dana Tsakanikas executive vice-president and chief investment officer. In the newly created role, Tsakanikas will work closely with Robert Cole, HVMG president & chief executive officer, and Mary Beth Cutshall, executive vice-president & chief development officer, along with the rest of the development & acquisitions team in support of the company's growth efforts by sourcing new capital and structuring/transacting on acquisitions, joint ventures and dispositions, as well as executing on new and existing strategic partnerships and relationships. He also will support HVMG and its hotel partners with any property refinancing needs and assist with the oversight of existing investments and with value-creation asset management projects and routines.
"With more than 25 years of extensive experience in commercial real estate, transactions and capital-raising, Dana will be instrumental supporting our growth strategy and leading various projects and strategic initiatives that will expand upon our ability to support our hotels and our partners," said Cole. "My history with Dana goes back more than 15 years. In that time, he has proven himself to be a very adept real estate financier and savvy when it comes to structuring transactions and joint ventures. I am confident Dana will help HVMG achieve its aggressive growth goals as we continue to expand our platform and portfolio of hotels."
Tsakanikas most recently was executive vice-president with Stonehill, the financial arm of Atlanta's Peachtree Hotel Group. While there, he led strategic initiatives, sourced capital and structured and executed equity and debt transactions. Prior to that, he advanced to the position of a senior vice-president with Rockbridge Capital, one of the largest hotel investors in the U.S. During his tenure there, he played a significant role sourcing, structuring and executing on more than $4 billion of debt and equity across 200-plus hotel transactions. He also was heavily involved in asset management, completing due diligence and working on hotel dispositions. A frequent speaker and panelist at industry conferences and events, Tsakanikas has spoken at the Hunter Hotel Conference, JMBM Meet the Money Conference and several conferences related to Opportunity Zone investments.
"I have been fortunate enough to have worked with some of the best hospitality companies in the industry over the years," Tsakanikas said. "Though I continue to learn from those around me, I am confident that my previous hotel real estate, transaction and capital markets experience can contribute to building on HVMG's exceptional growth. HVMG has an excellent reputation as a leading hotel ownership, management and investment group, and I look forward to doing my part within the team to help achieve the company's goals and continued success."