BETHESDA, Md., March 12, 2018 /PRNewswire/ -- DiamondRock
Hospitality Company (the "Company") (NYSE: DRH) today announced
that it has named Jay Johnson as its
new Executive Vice President and Chief Financial Officer.
"Jay is a rare talent and brings an excellent background as a
former banker and public company executive with experience in
managing complex balance sheets, interfacing with external
stakeholders, and appreciating capital allocation decisions that
drive shareholder value. He will be a great addition to our
team," stated Mark W. Brugger,
President and Chief Executive Officer of DiamondRock Hospitality
Company.
Prior to joining DiamondRock, Mr. Johnson served as Senior Vice
President and Treasurer of Host Hotels & Resorts (NYSE: HST), a
lodging real estate investment trust. In this role, he was
responsible for the company's financing activities globally,
including all capital raising, liability management, corporate
liquidity, enterprise risk management and acquisition
financing. While at Host, he completed over $14 billion in debt and equity capital
transactions in 12 countries and managed a balance sheet that
encompassed over $5 billion of
available debt capital. Mr. Johnson served as a member of the
senior management team and managed the company's relationships with
financial institutions, fixed income investors and ratings
agencies. He currently serves on the Real Estate Capital
Policy Advisory Committee of The Real Estate Roundtable. In
2016, he was named to the Washington Business Journal's list of top
40 under 40 business executives.
Prior to Host, Mr. Johnson served in a variety of banking roles
at KeyBank Real Estate Capital and Bank of America. Prior to
those banking roles, he was in the management consulting practice
of Deloitte & Touche LLP, the investment banking group at
Prudential Securities and the industrial markets trading division
of Enron Corporation.
Mr. Johnson received an MBA from Harvard
Business School and a BA in economics from Morehouse College.
About the Company
DiamondRock Hospitality Company is a self-advised real estate
investment trust (REIT) that is an owner of a leading portfolio of
geographically diversified hotels concentrated in top gateway
markets and destination resort locations. The Company, as of
the date herein, owns 30 premium quality hotels with over 9,900
rooms. The Company has strategically positioned its hotels to be
operated both under leading global brands such as Hilton, Marriott,
and Westin and boutique hotels in the lifestyle segment. For
further information on the Company and its portfolio, please visit
DiamondRock Hospitality Company's website at www.drhc.com.
View original
content:http://www.prnewswire.com/news-releases/diamondrock-names-jay-johnson-new-executive-vice-president--chief-financial-officer-300612019.html
SOURCE DiamondRock Hospitality Company