Ron Fader named SVP Finance & Accounting at Hospitality Ventures Management Group (HVMG)
Veteran Finance Executive Joins HVMG to Bolster Accounting and Finance Team
Atlanta-based hotel operator and investor Hospitality Ventures Management Group (HVMG) has announced the appointment of Ron Fader as its new Senior Vice President of Finance and Accounting. Fader, a seasoned financial professional with nearly 35 years of experience in the hospitality industry, will be responsible for overseeing the company's day-to-day financial accounting, reporting, cash flow planning, and management activities, while also strengthening the accounting and finance team to support HVMG's future growth.Seasoned Hospitality Finance Expert Joins HVMG's Leadership Team
Extensive Hospitality Finance Experience
Ron Fader's impressive career spans nearly 35 years, with a significant portion of that time spent in the hospitality industry. Prior to joining HVMG, Fader held the position of Senior Vice President of Finance and Accounting at Atrium Hospitality, where he was responsible for the strategic direction of the hotel accounting department for the company's portfolio of over 80 hotels, generating more than billion in annual revenue. Before that, Fader served as a Partner and Vice President of Finance, Hotels & Restaurants, at Legacy Ventures, and held similar leadership roles with industry giants such as InterContinental Hotel Group (IHG) and Hilton Corporation.Strengthening HVMG's Accounting and Finance Team
In his new role at HVMG, Fader will be tasked with ensuring excellence in the hotel's day-to-day financial accounting, financial reporting, cash flow planning, and management activities. Additionally, he will be responsible for bolstering the accounting and finance team to help support the company's future growth. Fader's extensive experience and expertise in the hospitality finance sector will be invaluable in helping HVMG navigate the complexities of the industry and position the company for continued success.Driving Financial Efficiency and Transparency
Fader's appointment comes at a critical time for HVMG, as the company continues to expand its portfolio and seek new investment opportunities. With his proven track record in financial management and strategic planning, Fader is well-equipped to help the company optimize its financial operations, improve transparency, and ensure the efficient allocation of resources. By leveraging his expertise, HVMG can further strengthen its position as a leading third-party hotel operator and investor in the industry.Commitment to Sustainable Growth
HVMG's decision to bring on a seasoned finance executive like Ron Fader underscores the company's commitment to sustainable growth and financial stability. Fader's appointment will not only enhance the company's internal financial capabilities but also signal to the broader industry that HVMG is dedicated to maintaining the highest standards of financial management and reporting. This move is expected to bolster investor confidence and position HVMG for continued success in the years to come.
