SAN DIEGO—Azul Hospitality Group says Mark Crisci has joined the company as principal and chief investment officer.
Crisci will be responsible for expanding the company's property portfolio through direct investments and third party management relationships as well as assisting in charting overall future company direction. Azul says he brings a strong track record within the hospitality industry of creating organizational scale and driving growth.
"Having Mark as part of our team enhances our reputation as a firm powerfully backed with industry expertise," said Rick Mansur, president and CEO. "His wealth of knowledge at the executive level is extensive and I am excited to have him as part of our executive team. We look forward to him contributing to the many initiatives we are undertaking in 2015, and beyond."
Prior to joining Azul Hospitality Group, Crisci was actively involved in all levels of hospitality investment activity from multiple perspectives, including ownership through new construction and acquisition projects, joint venture partnerships, third party management growth initiatives and investment banking/lending platforms. He has an extensive contact network and experience in both the debt and equity marketplace with direct relationships with many of the most active debt and equity providers in the current hospitality landscape. Crisci has been directly involved in over $1 billion worth of commercial real estate projects during his over twenty year career in the hospitality industry, which has included tenures of service with K Partners Hospitality Group, Rockbridge Capital, GMAC Commercial Mortgage-Asset Backed Lending, Holiday Inn Worldwide, and US Franchise Systems. Crisci is a graduate of the University of San Diego with a BA in Business Administration with a finance concentration.
Azul Hospitality Group is a premier hospitality company providing genuine service, rigorous management, ethical operations and an innovative approach to maximizing the performance of a hotel or resort asset. With a robust infrastructure of industry professionals with extensive experience in all aspects of hotel operations, development and ownership, Azul strives to create partnerships and experiences that are inspirational and profitable.
“In a fairly short period of time, Azul has evolved into a extremely creative and entrepreneurial hospitality platform and their ability to create value through programming and a hands on approach at the property level, and in my opinion, is second to none in our industry,” Crisci said. “The firms executives have great integrity and concentration on performing at the highest level in all areas of the lodging matrix. I feel very confident that my skill set can complement the strong existing human capital already in place at Azul.”
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