PLANO, TX—Aimbridge Hospitality has promoted David Capps to serve as EVP 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, according to the company. During his tenure, he has been responsible for the addition of more than $1 billion in hotel real estate value to the company’s portfolio.
“I am delighted to announce the promotion of David to EVP of development,” said Greg O’Stean, chief development officer, Aimbridge Hospitality. “He has brought great value to our company over the last decade, and I look forward to his continued growth in this new role.
Prior to Aimbridge Hospitality, he served as assistant VP of Merrill Lynch Capital and, prior to that, as assistant finance manager for Merrill Lynch Global Banking Group.