Barceló Crestline Announces Promotions Within Executive Management Team James Carroll, CFO and Tom Baker, EVP & Chief Investment Officer
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Barceló Crestline Announces Promotions Within Executive Management Team James Carroll, CFO and Tom Baker, EVP & Chief Investment Officer
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Category: North America & West Indies / Carribean islands - Careers
- Appointments
This is a press release selected by our editorial committee and published online for free on 2006-06-14
Bruce Wardinski, Chairman and CEO of Barceló Crestline, today announced two promotions within the executive management team. James Carroll has been promoted to the role of Chief Financial Officer. Carroll previously served the company as SVP & Treasurer. Tom Baker, formerly SVP, Owner Relations, will now serve the company as EVP & Chief Investment Officer. In conjunction with these promotions, both gentlemen will also serve in the same functions on behalf of Playa Hotels & Resorts, S.L. (Playa), a privately held Spanish company focusing on the acquisition and development of all–inclusive beachfront resorts in Mexico, Latin America and the Caribbean. The company was recently formed by Spain-based Grupo Barceló. Barceló Crestline has filled a critical role in setting up Playa and attracting investors; they will also asset manage the entire Playa portfolio which will consist of assets that are branded and managed by Barceló Hotels & Resorts of Palma de Mallorca, Spain.
To date, Playa has raised more than $580 million in equity funding commitments from a small group of international institutional investors. Playa's initial portfolio consists of four properties in Mexico: the Barceló Premium La Jolla de Mismaloya in Puerto Vallarta, Barceló Premium Ixtapa, the Barceló Premium Huatulco and the Barceló Premium Kármina Palace in Manzanillo. Playa will take advantage of $1.2 billion in total investment capacity to actively purchase existing resorts as well as develop new resorts in attractive resort locations.
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