DALLAS and TORONTO, Aug. 31,
2022 /CNW/ -- NexPoint Hospitality Trust
("NHT" or the "REIT") (TSX-V: NHT.U) is pleased to
announce that, effective today, Jerry
Patava has been appointed to the board of trustees of the
REIT (the "Board") to serve as a trustee until the next
annual general meeting of unitholders of the REIT or until a
successor is appointed.
Jerry Patava currently serves as
the Chair of Great Gulf Group and the Chair of Ashton Woods
USA LLC. Previously, Mr. Patava
served as CEO of Great Gulf Group, responsible for the continued
growth and profitability of the company's operating platforms in
Canada and the U.S. Mr. Patava
joined Great Gulf in 2007, bringing more than four decades of
experience in real estate and finance. Before joining Great Gulf,
he served as Executive Vice President and CFO of Fairmont Hotels
& Resorts Inc. and as Director and Executive Vice President,
CFO, and Treasurer of Legacy Hotels Real Estate Investment Trust.
Mr. Patava has served on numerous public and private boards in
North America and internationally.
He is currently a Board Member and Chair of the Investment
Committee of Terra Firma Capital Corporation and a member of the
Fiera Capital Corporation Independent Review Committee.
"On behalf of the Board of Trustees, the REIT's management team
and all of the REIT's unitholders, I want to extend a warm welcome
to Jerry. We have no doubt that Jerry's seasoned experience in the
hospitality sector and successful track record leading other
companies will bring valuable experience and perspective to the
Board," said James Dondero, the
Chair of the REIT's board of trustees.
Mr. Patava has also been appointed to serve on the REIT's Audit
Committee and Compensation, Governance and Nominating
Committee.
About NexPoint Hospitality Trust
NexPoint Hospitality Trust is a publicly traded real estate
investment trust, with its Units listed on the TSX Venture Exchange
under the ticker NHT.U. NHT is focused on acquiring, owning and
operating well located hospitality properties in the United States that offer a high current
yield and in many cases are underperforming assets with the
potential to increase in value through investments in capital
improvements, a market-based recovery, brand repositioning, revenue
enhancements, operational improvements, expense inefficiencies, and
exploiting excess land or underutilized space. NHT owns 12 branded
properties sponsored by Marriott, Hilton, Hyatt, and
Intercontinental Hotels Group, located across the U.S. NHT is
externally advised by NHT Real Estate Advisors VI, L.P. For more
information, visit nht.nexpoint.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For Further Information:
Jackie Graham
Investor Relations
JGraham@nexpoint.com
Brian Mitts
Chief Financial Officer
214.276.6300
BMitts@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
SOURCE NexPoint Hospitality Trust
