Hotel Equities, Inc.: Hotel Equities adds Ryan McRae as Senior Vice President of Business Development

Hotel Equities, Inc.: Hotel Equities adds Ryan McRae as Senior Vice President
                           of Business Development

Former Marriott executive expected to advance growth in Canada

ATLANTA, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Today, hotel ownership, management
and development firm,  Hotel Equities (“HE”), announced Ryan McRae has joined
the company as Senior Vice President of Business Development. McRae most
recently served as Area Vice President of Lodging Development with Marriott
International. Based in Vancouver, in his new role McRae will focus on
continuing to grow Hotel Equities’ Canadian portfolio of full service, select
service and extended stay hotels.

Prior to joining Marriott in 2014, McRae was Vice President, Acquisitions and
Development for SilverBirch Hotels & Resorts, where he was responsible
for hotel development and acquisition activities across Canada. He also served
as chairman of the company's investment committee. Prior to his role with
SilverBirch, McRae was a Development Director with Hilton Worldwide where he
focused on corporate growth both in Canadian and global markets.

Hotel Equities has seen a flight to quality as hotel owners continue operating
through COVID and seek experienced and reputable third-party operators to care
for their assets. McRae’s addition to the Hotel Equities team and his location
in market will make the firm more accessible to those owners, as well as serve
as a valuable resource for HE’s current clients in the area.

“Ryan’s impressive background in hotel development and his experience with
both Marriott and Hilton hotels make him the ideal candidate to lead our
growth strategy in Canada,” said HE’s Chief Development Officer, Joe Reardon.
“I have had the pleasure of working with Ryan for several years as we’ve
brought new development projects to completion and I’ve witnessed first-hand
his capacity for building relationships with a desire to generate strong
returns for our owners. We’re proud to now welcome him to the Hotel Equities
family.”

The firm’s portfolio of 166 hotels includes 26 in Canada, positioning Hotel
Equities as the largest non-owner third-party hotel management group in
Canada. HE's Canadian regional office located in Edmonton, AB supports its
portfolio of hotels in market and includes all disciplines- operations, sales
and marketing, revenue management, accounting and human resources.

“After working with the Hotel Equities team for many years as a member of
Marriott, when the opportunity became available to join them it seemed like
the natural transition,” said McRae. “I’ve always been impressed with their
team’s mission and values, they’re very much aligned with the Marriott
culture. I look forward to adding value and working alongside the great team
at HE.”

McRae holds a Master of Business Administration degree from INSEAD and a
Bachelor of Commerce degree from The University of British Columbia.

About Hotel Equities
Hotel Equities is an Atlanta-based full-scale hotel ownership, management and
development firm with a portfolio of 160+ hotels and projects throughout the
United States and Canada. Frederick W. Cerrone, CHA, serves as Founder and
Chairman; Brad Rahinsky serves as President and CEO. For more information,
visit www.hotelequities.com.

Attachment

  * Ryan McRae

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