Hospitality Investors Trust Inc., a publicly registered non-traded REIT formerly known as American Realty Capital Hospitality Trust, has disclosed that its chief financial officer and treasurer, Edward Hoganson, plans to resign from the company in order to pursue a leadership opportunity with an unnamed hotel management company.
The date of Hoganson’s departure has not yet been determined, and the company is currently evaluating candidates and expects to appoint a new CFO and treasurer prior to his last day of employment.
Hoganson, who has more than 15 years of financial and hospitality industry experience, served as Hospitality Investors Trust’s CFO and treasurer for nearly five years. He was previously an executive vice president of Crestline, where he was responsible for financial oversight and new business development efforts, including management contracts for third-party owners, acquisitions and co‑investments.
Hoganson earned his undergraduate degree from Yale University, his MBA in finance from the Wharton School at the University of Pennsylvania, and his Master of Arts degree in international relations from the Lauder Institute at the University of Pennsylvania. He also held an affiliate faculty member position at Georgetown University where he lectured on hospitality finance.
Hospitality Investors Trust invests in select-service lodging properties in North America branded by premium national hotel brands. The REIT’s offering was declared effective in January 2014 and suspended sales activities in November 2015 after raising $903 million in investor equity. As of the fourth quarter of 2018, the company’s $2.6 billion portfolio was comprised of 144 properties. The company severed ties with its external advisor, an affiliate of AR Global, and became self-managed on March 31, 2017.