NEW YORK CITY—David Tessier—a hospitality and gaming industry veteran, principal and advisor—has been hired to co-head Carlton's Hospitality Group as managing director. He will be based here as well as in West Palm Beach, FL.
Tessier has been involved in well over $10 billion of transactions while holding senior financial positions at Hilton Hotels Corp., Marriott International, Ian Schrager Hotels and Intercontinental Hotel Group. He also played a key role as CFO/CIO and restructuring consultant of the highly successful real estate and hospitality company, Turnberry Associates who developed, owns and manages the Fontainebleau Resort, the Aventura Mall and numerous other highly successful properties.
Tessier also is the former CFO of Kerzner International Resorts and was actively involved in all of their resort operations, gaming, development and $5 billion plus privatization transaction.
Tessier will provide an array of hospitality services to Carlton's hospitality clients, including providing high level capital markets advice and strategic consulting where appropriate.
“Tessier is a master technician who understands all facets of the hospitality business which will provide him with unique insight into helping Carlton's clients satisfy their hospitality objectives, including raising large amounts of capital, transaction support and repositioning or rebranding of asset,” says Carlton chairman Howard L. Michaels.
Tessier joins Michaels and co-hospitality director Brendan Sullivan who have completed billions of dollars of hospitality transactions, including 701 Seventh Ave., which will be a 50 story Marriott Edition Hotel; the $750 million acquisition of the Park Lane Hotel and the investment sale and recapitalization of the Shore Club in Miami Beach and the representation of Ian Schrager in numerous transactions, such as the new development at Leroy and Chrystie streets.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
