“We are delighted to welcome Tony as a new partner and a senior leader at Rockwood,” says Walter Schmidt, senior managing partner. “Over his six years with the firm he has been an innovative strategist who has significantly advanced our business on numerous fronts. His deep knowledge of the lodging industry and investment management generally will be invaluable as we identify and invest in quality assets for our new fund.”

Adds Lariño, “I am honored to join the Rockwood partnership. It is a privilege to work with such an accomplished group. I have tremendous confidence in our deep team's ability to both optimize the value of our existing funds and find compelling new investment opportunities.”

NEW YORK CITY—Rockwood Capital has admitted Tony Lariño, who is based here, as a partner in the firm.

The promotion coincides with the final closing of Rockwood Capital Real Estate Partners Fund X LP with $1.1 billion in capital commitments, meeting the fund's hard cap. The value-added fund will target office, residential, retail and hotel assets in urban and “suburban core” mixed-use environments in the United States.

Lariño has more than 20 years of real estate experience, spanning mergers and acquisitions, capital markets and asset management. He joined Rockwood in 2010 as the firm's head of hotel investments and continues to specialize in the lodging sector. In addition to completing numerous transactions in the office, retail and lodging sectors, he is the portfolio manager for Rockwood Funds VI and VIII. In this capacity, he has overall responsibility for the portfolio, including fund composition, asset management, capitalization, and disposition activities. Lariño serves on the investment committees of various funds.

Prior to joining Rockwood, Lariño was a managing director with Westmont Hospitality, where he oversaw one of Westmont's largest portfolio companies consisting of 11 luxury hotels with over 6,000 rooms in the United States and Canada. Earlier, he held various positions at Starwood Hotels & Resorts Worldwide, where he led the growth of Starwood's Westin, Sheraton and Le Meridien brands in North America and Latin America. He began his career as a VP of investment banking at Morgan Stanley.

“We are delighted to welcome Tony as a new partner and a senior leader at Rockwood,” says Walter Schmidt, senior managing partner. “Over his six years with the firm he has been an innovative strategist who has significantly advanced our business on numerous fronts. His deep knowledge of the lodging industry and investment management generally will be invaluable as we identify and invest in quality assets for our new fund.”

Adds Lariño, “I am honored to join the Rockwood partnership. It is a privilege to work with such an accomplished group. I have tremendous confidence in our deep team's ability to both optimize the value of our existing funds and find compelling new investment opportunities.”