Dean Stambules promoted to vice president of acquisitions at Sage Hospitality

Amy Horsfield By Amy Horsfield
24 January 2019 | Updated 24 January 2019

US: Sage Hospitality has announced the promotion of Dean Stambules to vice president of acquisitions.

In this new role, Dean Stambules will lead Sage's acquisition efforts, with a focus on ensuring the success of those investments throughout their life cycle.

Jason Altberger, chief investment officer of Sage Hospitality, said: "In his time with Sage, Dean has shown strong business acumen and the drive to take Sage's acquisition efforts to the next level. His knowledge and dedication will allow us to continue to strategically grow our portfolio."

Since joining Sage in 2014, Stambules has been an integral part of the company's acquisition team as the director of feasibility, during which time he played a key role in nearly all of Sage's new business-related acquisitions, developments, and third-party management contracts.

He said: "Sage Hospitality is truly a market leader within the hospitality industry, and I am excited to continue to grow my career here. I look forward to the continued success of our efforts on the investments team."

In his new role, Stambules will assume significant responsibility for identifying value enhancement opportunities, optimising capital structures and execution of the business plan through disposition. Prior to joining Sage, Dean was an analyst at Hunter Hotel Advisors where he worked in the capital markets division and focused on the underwriting and placement of hotel real estate debt and equity. Prior to that, he served as an associate at Welsh Chester Galiney Matone, a consulting firm in northern New Jersey, where he developed a strong foundation in real estate valuation for all commercial property types.

Denver-based Sage Hospitality was founded in 1984 and since continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment.

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