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Aimbridge Hospitality names new board of managers [Yahoo! Finance]

Marriott International - Class A (MAR) More Company Research Source: Yahoo! Finance

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Dive Brief: Aimbridge Hospitality named a new, expanded board of managers, the hospitality management firm announced Tuesday. The four new appointees — Glenn Alba, Rich Gomel, Carrie McIntyre and Emanuel Pearlman — join current board members CEO Craig Smith and Chairman Steve Joyce. The four managers were appointed by new investors following Aimbridge's balance sheet restructuring , announced in January. As a result of the restructuring, Aimbridge converted more than $1 billion of debt into equity and received $100 million in new capital. In 2024, Aimbridge “transformed its leadership structure” with several notable executive changes, Smith said in January, as the firm doubled down on its growth strategy. Dive Insight: In a statement Tuesday, Smith said Aimbridge is “now in a position of strength with one of the healthiest balance sheets in the industry.” “We're doubling down on execution, ramping up investments, and accelerating innovation in the services that set us apa [Read more]

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