Thursday March 6th, 2014 - 10:18AM
WASHINGTON—The Buccini/Pollin Group, a privately held, full-service real estate acquisition, development and management company, has promoted Darren R. Anzelone to co-chief investment officer and Brandon S. Flury to VP as the company continues its growth plans into 2014.
“During his decade tenure here, Darren has been responsible for oversight of transactions totaling in excess of $2 billion, including the acquisition, development, and redevelopment of sixteen hotels,” stated Dave Pollin, co-founder. “Brandon has enjoyed similar success at BPG, helping execute financing of transactions totaling more than $725 million. These promotions are an acknowledgement of those achievements and also demonstrate our commitment to actively, and strategically expanding our hotel portfolio.”
The company will open three new hotels during the second quarter of 2014: Homewood Suites Manhattan/New York, Westin Wilmington Riverfront, and Hampton Inn & Suites Christiana (Newark, DE).
The company also has two hotels under construction that will open in 2015: the 310-room Embassy Suites Manhattan/New York and the 168-room Hampton Inn & Suites Washington, DC Capitol Hill/Ballpark District. In addition, the company is preparing to announce two additional hotel projects, one in the DC Metro area and another in downtown Portland, OR. BPG plans to continue to grow its portfolio through acquisitions in 2014 and expects to add five new properties by yearend.
A seasoned hospitality veteran, Anzelone joined BPG in 2004. In his new role, he will continue to be responsible for overseeing the development, acquisition and financing of new hotel investments throughout the U.S., as well as being actively involved in the asset management of existing investments.
In his role as VP, Flury will be responsible for the acquisition, structuring and financing of new hotel investments, as well as the refinancing and ongoing capitalization of assets currently owned by the company. Since joining BPG in 2007, he has been involved in a full range of underwriting, financing, due diligence, structuring, closing and development activities on numerous high-profile hospitality projects.