Adam Tegge,  Mba, Cham

Adam Tegge, Mba, Cham Email and Phone Number

Vice President of Investments @ Ashford Inc. (NYSE American: AINC)
New York, NY, US
Adam Tegge, Mba, Cham's Location
New York City Metropolitan Area, United States
Adam Tegge, Mba, Cham's Contact Details

Adam Tegge, Mba, Cham work email

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About Adam Tegge, Mba, Cham

An accomplished, dynamic and resourceful hospitality veteran with experience in real estate, operations, and revenue optimization. Successful in maximizing sustainable revenue and service gains with all types of assets including luxury golf resorts and flagship convention hotels. Proven background in identifying and capitalizing on opportunities, building strong industry relationships and developing assets to their peak performance. Serve on various hospitality industry boards and committees including HAMA and PSHRS. A frequent guest lecturer at Pennsylvania State University.

Adam Tegge, Mba, Cham's Current Company Details
Ashford Inc. (NYSE American: AINC)

Ashford Inc. (Nyse American: Ainc)

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Vice President of Investments
New York, NY, US
Website:
ashfordinc.com
Employees:
114
Adam Tegge, Mba, Cham Work Experience Details
  • Ashford Inc. (Nyse American: Ainc)
    Vice President Of Investments
    Ashford Inc. (Nyse American: Ainc)
    New York, Ny, Us
  • Ashford Inc. (Nyse American: Ainc)
    Vice President Of Acquisitions
    Ashford Inc. (Nyse American: Ainc) Feb 2022 - Present
    New York City Metropolitan Area
  • Ashford Inc.
    Vice President Of Asset Management
    Ashford Inc. Mar 2014 - Feb 2022
    New York City Metropolitan Area
    Managed a portfolio of 26 full and select service assets, generating total revenue of nearly $400 million and net asset value of $1.5 billion. Drive incremental revenue generation through development and implementation of both property and portfolio level strategies. Collaborate with operating partners such as Marriott and Hyatt, as well as internal stakeholders, to drive portfolio performance through revenue generation, profit optimization and capital value enhancement. Negotiate new and existing leases. Work in collaboration with legal, cap ex and third-party consultants on potential acquisitions and dispositions. Conduct financial analysis evaluating various capitalization structures.Key Accomplishments: •Consistently exceeded the company GOP flow metric and market share growth for the portfolio •Managed COVID response initiative which yielded $89 million in labor and $12 million in contract savings •Effectively executed several return-on-investment projects. Examples include the successful rebranding of a 499-room luxury asset, restructuring a third-party restaurant lease, and repositioning of a restaurant in Atlanta.
  • Loeb Partners Realty Llc
    Vice President
    Loeb Partners Realty Llc 2008 - 2014
    New York, Ny
    Responsible for asset management, revenue management and all operational aspects of an upscale portfolio with a combined 2,000 rooms, as well as a commercial office building in the southeast United States. Administration of all operational, financial and capital investments related to the portfolio. Collaborate with third-party management teams in developing and executing value added initiatives in order to meet the specific financial objectives of ownership and institutional capital partners. Identified, underwrote, and performed due diligence analysis of potential acquisitions. Investments included the flagship of the Renaissance brand, a 700-room convention property, an independent golf resort, and luxury beachfront resort with condo-hotel and private 2,000-member club. Key Accomplishments: •Performed in-depth market research and due diligence on potential investments utilizing third party property reports, new supply data, and local interviews•Oversaw two properties in the capacity of both owner’s agent and Vice President of Operations•Negotiated a loan modification and extension with a major finance company. Key provisions included the waiving of coverage ratios and amortization, interest rate reduction and principal reduction in the event of sale. •Directly responsible for the successful disposition of a multi-faceted condo-hotel with a private club component. Achieved a 10% premium over LOIs obtained through a national brokerage firm •Successfully executed a plan for a $10 million renovation completed within the projected timeframe and budget, this shortly after Hurricane Gustav and change in third-party management. The project was subsequently recognized as the “Renovation of the Year” by the brand.
  • Carlson Hotels Worldwide
    Director, Carlson Hotels Real Estate
    Carlson Hotels Worldwide 2006 - 2008
    Greater Minneapolis-St. Paul Area
    Partnered with one of the nation’s largest hospitality REITs (Hospitality Properties Trust) in asset managing a portfolio of 15 upscale hotels valued at $280 million and having a combined 3,200 rooms. Acted as the owner’s agent for Carlson Real Estate Company and maintained constant communication with key executives of the in-house management company and outside investment partner. Reviewed and approved annual operating, marketing and capital expenditure plans. Evaluated potential acquisitions for the partnership with the REIT. Responsible for all major capital projects from initial analysis utilizing IRR, NPV and ROI modeling to final completion. In addition to the core asset management duties, acted as Director of Operations for three of the largest company-owned properties (ranging from 227 to 439 guestrooms).
  • Strand Development Company, Llc
    Director Of Operations
    Strand Development Company, Llc 2005 - 2006
    Charlotte, North Carolina Area
    Responsible for the effective management of a portfolio of 11 assets. Maintained strong relationships with individual ownership groups and brand representatives. Prepared annual capital plans and ROI analysis for large-scale capital improvement projects. Completed due diligence and market feasibility activities on five potential acquisitions.
  • Crown American Hotels
    Director Of Operations
    Crown American Hotels 2003 - 2005
    Responsible for all sales and operational aspects of a portfolio consisting of 11 assets, totaling nearly 1,600 rooms and operating under brands such as Four Points by Sheraton, Holiday Inn, and Wyndham. Effectively evaluated critical metrics (STR indices and financial performance) and developed appropriate strategies to enhance revenues and net operating income.
  • Intercontinental Hotels Group
    Director
    Intercontinental Hotels Group 1998 - 2003
    Developed and directed a team of 14 Area Managers and a Regional Revenue Manager that provided revenue and service related consulting to 600 hotels located throughout the central United States and eastern Canada. Full responsibility for financial planning, analysis and budgeting for the team. Acted as a key account director interacting with influential multi-unit owners and franchise representatives.
  • Waterford Hotel Group
    General Manager
    Waterford Hotel Group 1996 - 1998
    Responsible for all aspects of a 145 room full-service hotel, including improving financial performance, ensuring optimal guest satisfaction scores, and developing and retaining strong departmental managers and associates. Actively participated in the acquisition and repositioning of a 184 room upscale independent boutique hotel.
  • Winegardner & Hammons
    Assistant General Manager
    Winegardner & Hammons 1993 - 1996
  • United States Marine Corps
    Staff Sergeant (E-6) - Honorably Discharged
    United States Marine Corps Jun 1989 - Jun 1995

Adam Tegge, Mba, Cham Skills

Hospitality Hospitality Management Budgets Hotels Hotel Administration Hotel Management Resorts Revenue Analysis Hospitality Industry Hotel Asset Management Yield Management Food And Beverage Customer Satisfaction Pre Opening Certified Hotel Administrator Restaurants Front Office Tourism Sales Property Management Systems Real Estate Private Equity Real Estate Restaurant Management Management Income Statement Banquets Golf Resorts Hospitality Finance P&l Repositioning Speaking Engagements Asset Management Financial Reporting Real Estate Economics Dispositions Cash Flow Forecasting Strategic Planning Acquisitions Lease Administration Real Estate Transactions Underwriting Microsoft Office Microsoft Excel Microsoft Powerpoint Leadership Hotel Financing Real Estate Due Diligence Financial Modeling

Adam Tegge, Mba, Cham Education Details

Frequently Asked Questions about Adam Tegge, Mba, Cham

What company does Adam Tegge, Mba, Cham work for?

Adam Tegge, Mba, Cham works for Ashford Inc. (Nyse American: Ainc)

What is Adam Tegge, Mba, Cham's role at the current company?

Adam Tegge, Mba, Cham's current role is Vice President of Investments.

What is Adam Tegge, Mba, Cham's email address?

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What schools did Adam Tegge, Mba, Cham attend?

Adam Tegge, Mba, Cham attended Washington University In St. Louis - Olin Business School, Penn State University, Bucks County Community College.

What skills is Adam Tegge, Mba, Cham known for?

Adam Tegge, Mba, Cham has skills like Hospitality, Hospitality Management, Budgets, Hotels, Hotel Administration, Hotel Management, Resorts, Revenue Analysis, Hospitality Industry, Hotel Asset Management, Yield Management, Food And Beverage.

Who are Adam Tegge, Mba, Cham's colleagues?

Adam Tegge, Mba, Cham's colleagues are Larry Doyle, Brian Mcilhenny, Alex Rose, Jantzen Michel, Bobby Nandipati, Aimee Kecseg, Cathy A..

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