Host Hotels & Resorts Announces Appointments of Deanne Brand and Padmanabh Yardi
March 15 2022 - 4:30PM
Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest
lodging real estate investment trust (the “Company”), announced the
appointments of Deanne Brand to senior vice president, strategy
& analytics, and treasurer and Padmanabh Yardi to senior vice
president, information technology.
Ms. Brand is responsible for driving the
direction-setting corporate strategy, as well as leading the
organizational enterprise analytics function. She will serve as a
critical advisor on strategic market intelligence analytics and
research used to deliver enhanced business outcomes and implement
customized asset-level initiatives designed to capture specific
business opportunities. She also will serve as our treasurer, and
therefore be a key point of contact with external banking and
finance parties and will manage and address financial risks to
ensure our financial flexibility and optimized financial
performance.
Mr. Yardi is responsible for leading all of
information technology and digital strategy, as well as leading the
development and implementation of strategic and innovative
technology solutions that will drive incremental EBITDA. He will
also ensure the delivery of IT services, infrastructure,
cybersecurity and capabilities across the enterprise and provide
primary leadership of driving monetization and innovation across
the business as it relates to technology initiatives.
Host Hotels & Resorts’ Chief Financial
Officer Sourav Ghosh said, “We are thrilled to welcome Deanne and
Padmanabh to our senior team. Deanne brings deep knowledge and
experience in capital markets, corporate finance and treasury and
Padmanabh brings extensive technology expertise in the hospitality
industry. Both are extremely accomplished, skilled and
well-respected executives within the lodging industry. They will be
valuable additions to our leadership team and significant
contributors to our business going forward.”
About Deanne BrandMs. Brand was
most recently employed by Park Hotels & Resorts as their senior
vice president and treasurer where she was responsible for capital
markets, corporate finance, long-term strategic planning, treasury
and insurance functions. Previously, she held senior level
corporate finance positions at Hilton Worldwide, Inc. where she was
responsible for project finance oversight for the execution of
Hilton’s debt and targeted M&A transactions related to its
domestic owned, leased and joint venture real estate assets;
corporate and asset-specific debt instruments monitoring;
evaluation, structuring and execution of project-specific
investments to help the development team secure new management
contracts and franchises; and capital markets support for Hilton’s
strategic initiatives including restructuring the balance sheet in
preparation for the spin off transactions that occurred in
2017.
About Padmanabh YardiMr. Yardi
spent more than 21 years with Marriott International, and, most
recently, served as global vice president, enterprise application
development & operations support at Marriott International,
where he was responsible for technology development and operations
across disperse geographical locations including cloud and digital
strategies and product roadmaps for these locations. Additionally,
he held several senior-level positions within information
technology including leadership assignments in areas such as
information technology strategy and planning, product management,
architecture and application development as well as technology
revenue platforms and analytics. Prior to joining Marriott
International, he was technology program manager for Airline Tariff
Publication Company and was a software engineer for Reed Technology
and Information Services.
About Host Hotels &
Resorts
Host Hotels & Resorts, Inc. is an S&P
500 company and is the largest lodging real estate investment trust
and one of the largest owners of luxury and upper-upscale hotels.
The Company currently owns 75 properties in the United States and
five properties internationally totaling approximately 44,400
rooms. The Company also holds non-controlling interests in seven
domestic and one international joint venture. Guided by a
disciplined approach to capital allocation and aggressive asset
management, the Company partners with premium brands such as
Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The
Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Four Seasons®,
Swissôtel®, ibis® and Novotel®, as well as independent brands. For
additional information, please visit the Company’s website at
www.hosthotels.com.
SOURAV
GHOSH |
JAIME
MARCUS |
Chief Financial Officer |
Investor Relations |
(240) 744-5267 |
(240) 744-5117 |
|
ir@hosthotels.com |
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