Denihan Names Glenn Wasserman Chief Financial Officer

Within 90 days, Wasserman successfully completes refinancing of The James Chicago

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| Source: Denihan Hospitality Group
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NEW YORK, N.Y., Aug. 11, 2014 (GLOBE NEWSWIRE) -- Glenn Wasserman has joined Denihan Hospitality Group as Chief Financial Officer to oversee the company's financial strategy, including all accounting, asset management, strategic planning, capital markets and investor relations. He will work closely with the company's Development team in identifying, evaluating and securing capital to fund its growth strategy. He reports directly to Patrick Denihan, Chief Executive Officer of Denihan Investments, and serves on the company's Executive Committee.

Wasserman joins Denihan from New York real estate operating company RXR Realty, LLC, where he served as Executive Vice President of Capital Markets and Strategic Planning. There, he executed over $12 billion of capital markets activities during his ten-year tenure and served on the executive, operating and investment committees. He joined Reckson Associates Realty Corporation (predecessor to RXR) as Senior Vice President of Strategic Planning in 2004, where he developed corporate and operating strategies including property level forecasting, business planning and reporting processes.

"Glenn's experience in structuring and executing billions of dollars' worth of transactions, his expertise in both the debt and equity markets, and deep experience in investor relations, reporting, budgeting and forecasting is critical to Denihan achieving its aggressive growth objectives and contributing to our operational excellence", Patrick Denihan said. "His success in expediting five-year fixed rate financing of The James Chicago shortly after joining Denihan is testament to the value he brings to our company".

"It is a great privilege to join the Denihan team," said Wasserman. "Patrick, Brooke (Barrett) and everyone at Denihan are proven leaders in the boutique lodging space with an incredible record of success. I look forward to adding to the team's sourcing, acquisition and management capabilities to grow our business and deliver returns to our institutional partners."

Earlier in his career, Wasserman was an associate in Bear Stearns' Real Estate Investment Banking group and also served as a manager in Ernst & Young's management consulting practice.

He earned his B.S from the State University of New York at Albany and M.B.A. from New York University's Stern School of Business.

About Denihan:

Denihan is a privately-held, full service management and development company operating under Denihan Hospitality and Denihan Investments. Denihan owns and/or operates 14 boutique hotels in major urban markets throughout the United States. For over 50 years, Denihan has built a world-class lodging investment platform within the boutique hotel space, creating value by acquiring, repositioning and managing independent hotels.

The Denihan portfolio includes properties operating under The James and Affinia Hotels brands, as well as Manhattan luxury independents, The Surrey and The Benjamin, and additional independent properties in New York City. Denihan's hotels also include an impressive list of chef-driven restaurants and bars.

The company's uniquely guest-centric approach, refined through three generations of Denihan family leadership, has made it an industry leader in hospitality, property and restaurant development, as well as hotel operations, management and marketing.
More details can be found at www.denihan.com.

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=27015

Katie Meyer
 
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