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James Gersten named President and CEO of BR Guest Hospitality

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December 23, 2013

James Gersten named President and CEO of BR Guest Hospitality

BR Guest Hospitality today announced that James Gersten, a leading restaurateur with senior leadership experience at organizations including Smith & Wollensky and Starwood Hotels & Resorts Worldwide, has been appointed as President and Chief Executive Officer of the widely acclaimed hospitality company. In his new position, Mr. Gersten will oversee BR Guest’s portfolio of 25 restaurants and bars, which include market-leading concepts and brands in several categories, including highly rated steak restaurant Strip House, modern Mexican restaurant Dos Caminos, high-energy “burger joint” Bill’s Bar & Burger, innovative seafood restaurants in Atlantic Grill and Blue Fin, and the highly acclaimed Blue Water Grill. Collectively, BR Guest’s restaurants generate about $150 million in annual revenue and reside in enviable locations in New York, Las Vegas, Atlantic City and Florida.

Mr. Gersten brings 22 years of experience in the restaurant and hospitality industries to his new position. Over the course of his career, Gersten has overseen the national expansion of famed New York City steakhouse Smith & Wollensky and served as President of Culinary Concepts Hospitality Group, where he developed, opened and operated 25 successful restaurants in seven countries, developing many concepts with world-renowned chef Jean-Georges Vongerichten.? He also founded the highly successful and highly rated La Esquina, a Mexican restaurant with locations in New York City’s Little Italy and Brooklyn.

Stephen Hanson, who after founding and guiding BR Guest over the past 26 years and creating one of the leading U.S. restaurant groups, is stepping down from his role as President and Chief Executive Officer of BR Guest to pursue other opportunities.

Starwood Capital Group, the sole shareholder of BR Guest, is extremely grateful to Mr. Hanson for his vision, years of dedicated service and tireless effort in creating the industry leader BR Guest is today. Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Capital Group, commented, “Steve is a pioneer in this business, and we would like thank him not only for his partnership through the years, but all he has done to create such a world-class organization. James’s experience with leading restaurant groups across the country and his teamwork-oriented management style will be invaluable as we look to continue investing in and growing the business, while delivering the high-quality products and outstanding customer experience our customers have come to expect.”

“After more than a quarter century working with some of the best people in the business, I am looking forward to pursuing the next stage of my career, but also deeply grateful for what we were able to accomplish at BR Guest,” said Mr. Hanson. “From the opening of the Coconut Grill on Manhattan’s Upper East Side to our expansion into Las Vegas, Atlantic City and Florida, BR Guest has been a truly rewarding experience and I am looking forward to watching it and the many talented people working there flourish and am committed to working toward a seamless transition.”

“BR Guest is a standout name in the U.S. hospitality sector and I am truly excited to work with the talented team of executives, chefs and employees who operate so many acclaimed restaurants,” said Mr. Gersten. “I have a deep respect for what Steve has accomplished in our industry. It is a privilege to step into this position and to have an opportunity to lead BR Guest and its brands to even greater heights by building upon the company’s history of excellent customer service and best-in-class dining experiences.”

Source Yahoo Finance, http://ca.finance.yahoo.com/news/james-gersten-named-president-ceo-182300913.html

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