Upon the successful completion of this merger, Mr. In December 1998, Servico merged with another hotel company, bringing the organization’s portfolio to 180 hotels and more than 30,000 rooms. Buddemeyer’s leadership, the company grew from 28 hotels to 140 hotels and from $42M to $650M in sales, with EBITDA growing at a compound annual rate of 41%, from $16M to $280M. During his eight-year tenure as the company’s Executive Vice President, which began in 1990, he was responsible for all facets of Servico’s operations. Buddemeyer served as Chairman and CEO of Servico Hotels and Resorts, a NYSE hotel company. David Buddemeyer, Principal and President of Driftwood Hospitality Management, LLC and a senior officer of Driftwood Capital, is a hospitality veteran who has successfully facilitated the financial turnaround and growth of several multi-dimensional hotel companies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |