Phoenix American Hospitality, a Dallas-based opportunistic hotel fund manager, has added Ron Rodriguez to its distribution team as regional vice president. In his new role, he will oversee the company’s sales efforts throughout the western states, as well as Texas and Louisiana.
Rodriguez has more than 30 years of experience, and previously served as vice president of sales for PTX Securities where he helped raise equity for Regulation D industrial real estate private placements and 1031 exchanges. He held similar roles at Stadion Money Management and Resource Real Estate, where he led a team of external and internal wholesalers representing non-traded REITs and interval funds.
Rodriguez was one of the top external wholesale producers at Griffin Capital Securities, where he raised $48 million in equity for non-traded REITs, 1031 offerings, and other private placements.
“Ron has a wealth of experience in the distribution of investment offerings and brings tremendous expertise to our organization,” said Perch Nelson, president and chief executive officer of Phoenix American Hospitality. “Based on his strong track record of marketing private investment offerings to financial professionals through the independent broker-dealer and registered investment advisor channels, we believe he is a significant addition to our company.”
In August 2019, Phoenix American Hospitality launched a $50 million Regulation A offering, American Hospitality Properties REIT Inc., to invest in limited and upscale select-service hotels in the United States.
PAH Management owns and manages 17 properties across the United States and focuses on Marriott, Hilton and Hyatt select service brands.