ATLANTA, Ga.—Hotel Equities, an Atlanta-based hotel management, ownership, and development company, has recently appointed Dennis Meroney as its new chief investment officer. Meroney, a 25-year veteran of the financial industry, has served on the Hotel Equities Board of Directors since 2007. As CIO, Meroney will join HE’s day-to-day operation and assume the responsibility for financial planning, strategic fund raising, and working with existing ownership groups on financial options.
“I’m not only excited about Hotel Equities’ owned assets but the fund raising of our second fund as well,” Meroney said. “I look forward to working with the HE team to drive even stronger business results from my new position.”
Meroney brings a wealth of finance and leadership experience, including commercial banking, real estate, lending, investments, servicing systems, and portfolio restructuring. Before joining Hotel Equities, Meroney served as president of National Mortgage Alliance where he planned and implemented all phases of a national, online mortgage lending company as a division of a state chartered commercial bank. He successfully led the company for four years and produced over $25 million monthly with a staff of only nine. He is the former president and chief operating officer of Amerisave Mortgage, where he established the mortgage banking arm and generated over $2 billion in originations during the first year of business as an online mortgage lender.
“Dennis’ demonstrated track record across the financial and business landscape made him the perfect candidate to step into this important role on our management team,” said Hotel Equities President and CEO Fred Cerrone. “With a large portfolio of expertise in all facets of finance and a history of driving positive change, he is a welcome addition to our team, especially as we celebrate 25 years in business and look toward enhancing our business model to meet the needs of today’s hotelier.”