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Hotel Equities Promotes Carlos Melgar to Vice President of Finance

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June 6, 2013

Hotel Equities Promotes Carlos Melgar to Vice President of Finance

ATLANTA (June 5, 2013)??Atlanta-based Hotel Equities ( recently promoted Carlos Melgar to the position of Vice President of Finance.? Mr. Melgar has been with the company since 2008 when he was named Corporate Controller to oversee the firm?s accounting and financial functions.

In his new position, he reports directly to HE President & CEO Fred Cerrone and serves as a key member of the Hotel Equities? leadership team.

Mr. Melgar?s focus at the hotel development and management company is strategic business growth and development.? His responsibilities include interaction with the capital markets and functional leadership of treasury, legal, accounting, risk management and information technology.

?Carlos will use his financial expertise and hospitality experience to lead us through continued growth,? said Fred Cerrone, President and CEO of Hotel Equities.? ?His talent for strategic planning and his leadership skills make him an outstanding asset to our company.?

Mr. Melgar has spent more than 14 years in financial analytics in the lodging industry.? Before the move to Hotel Equities, he served six years as Senior Vice President, Controller and Asset Manager for Premier Hotel Corporation, a full-service management company based in Atlanta.? Previously, he worked as the Senior Analyst for Six Continents Hotels supporting Holiday Inn Express, Crowne Plaza and all of their franchise operations in Mexico.? Before that, he spent two years as the Senior Analyst with the southeast regional office of Choice Hotels International.

Mr. Melgar is a graduate of the University of Arizona with a B.S. in Accounting. ?An avid runner and fitness guru, Mr. Melgar also enjoys golf and playing trumpet. ?He and his wife Linda are the parents of two children.? Active in the children?s ministry at his church, he and his family reside in Suwanee, Georgia.

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