HHM has appointed David McCaslin to head the hospitality management company’s private investment platform as executive vice president.
“I am excited about joining a company with such a strong culture of performance and collaboration,” says McCaslin. “They understand the importance of aligning interests for capital investment and the impact of successful business plan execution on maximizing value.”
McCaslin will additionally collaborate on the formation of HHM’s asset management business, which plans to acquire more than $500 million in hotel assets over the next three years. His investment team also includes Shawn Tuli, vice president of acquisitions and development, and Greg Winther, director of acquisitions.
“Dave McCaslin coming on board is a game changer for HHM,” says Naveen Kakarla, president and CEO of HHM. “His experience, insight, and track record make him the ideal leader for this next phase of our investment efforts. With Dave’s addition to the team, we now have the right balance of experience, investment acumen, capital, and asset management capability to take our rapidly growing investment platform to the next level.”
With more than 42 years of experience, McCaslin most recently served as president of Northwood Hospitality, where he developed and executed business plans for Northwood’s investments, such as the Palace New York and the London West Hollywood.
In 1987, McCaslin co-founded the original CapStar Hotel Company, which later became Meristar Hospitality Corporation and then Interstate Hospitality. When it went public in 1996, he became a member of the board of directors and served as COO until 2001. The following year McCaslin transitioned to partner and president at HEI Hotels and Resorts where he worked until becoming president of EAC Hospitality in 2007.
McCaslin earned a bachelor’s degree in food service and lodging administration from the University of Missouri-Columbia in 1979.
