ATLANTA, July 9, 2024—Hospitality Ventures Management
Group (HVMG), an Atlanta-based third-party hotel operator and investor, today announced
that Ron Fader has been named senior vice president, finance and accounting. In his new role, Fader will ensure excellence in the hotel day-to-day financial
accounting, financial reporting, cash flow planning and management activities, while
bolstering the accounting and finance team to help support future growth.
"Ron has a proven track record of cultivating service-driven teams that are oriented toward
performance and committed to the practice of continuous improvement while
supporting the properties' and management company's financial goals,"
said Linda Philp, CPA, senior vice president & chief financial
officer, HVMG. "Ron prides himself on
creating a strong culture of accountability and continued learning for both his
team and those around him, making him the perfect fit for HVMG."
With nearly 35 years of
financial experience, many of those in hospitality, Fader most recently was
senior vice president of finance & accounting with Atrium Hospitality. While there, he was responsible for the
strategic direction of the hotel accounting department for the company's
portfolio of 80-plus hotels, generating more than $1 billion in revenues
annually. Before that, Fader was a partner
and vice president of finance, hotels
& restaurants of Legacy Ventures and held similar leadership positions
with InterContinental Hotel Group (IHG) and Hilton Corporation. Fader received his Bachelor of Science in accounting
from Tulane University.
"Having
worked in the hospitality industry for as long as I have, you recognize certain
names and companies that stand out from the rest for their commitment to both
their guests and their associates," Fader said.
"HVMG and its 'Be Excellent' culture speak to me, and I look forward to
working with both the properties and the corporate team as we continuously
strive to exceed our reputation as one of the best third-party
operators/investors in the industry."
