Phoenix American Hospitality, a Dallas-based opportunistic hotel fund manager, has appointed Conan Porter as regional vice president and wholesaler for the southwest region and Melissa Sanders as vice president of business development and national accounts and West Coast sales.
Porter has more than 30 years of experience in the financial field and has previously served as a senior regional vice president at NorthStar Securities LLC, a wholesaler at Nationwide Financial, senior sales director at Legg Mason, and senior vice president at American Century Investments.
Sanders previously served as vice president of regional sales at Trust Company of America, which was acquired by E*TRADE last year. Prior to this, she was director of sales and client relations at AI Insight, a regional director at SEI Manager Investor Services, and a vice president with ATEL Capital Group.
“We are excited to bring both Conan and Melissa and their unparalleled expertise and insight to the Phoenix American team,” said Perch Nelson, president and CEO of Phoenix American Hospitality. “Their strategic mind and proven track record of success will be a huge asset to our company.”
In other news, the company recently closed its $50 million Regulation D offering, American Hospitality Properties Fund III LLC, which acquired 17 upper midscale and upscale hotels in the United States.
Phoenix American Hospitality invests in hotel properties that provide cash flow and value-added opportunities for the company. The company targets properties that have one or more of the following characteristics: strong cash flow history, located in urban markets with a business travel focus, strong brand affiliation, competitive barriers to entry, acquired at below replacement cost, and are competitively positioned in the submarket.
PAH Management manages 17 properties across the United States and focuses on Marriott, Hilton and Hyatt select service brands.