InTown Suites announced that Jonathan Pertchik, a seasoned real estate executive, has been named Chief Executive Officer of the company. Most recently Mr. Pertchik was Chief Executive Officer and President of ST Residential.
In his new role, Mr. Pertchik will oversee all of InTown Suite's operations and growth strategy. The company currently operates extended stay properties in 135 locations in 21 states with over 17, 500 rooms. Last year InTown Suites was acquired by Starwood Capital Group, a leading private investment firm focused on real estate and hospitality.
"I am very excited to join Intown Suites, to help continue to deliver the most affordable extended stay opportunities to families and business people and to reenergize, reinvent and rapidly expand our footprint, with a fresh prototype design, into new locations across the North American markets," said Mr. Pertchik.
Mr. Pertchik brings over 20 years of experience in the residential, multi-family and hospitality industry. Prior to his time with ST Residential, he served in senior level positions with WCI Communities, a publicly traded master planned community, tower, golf and hotel developer and The Staubach Company, a real estate advisory company. During his time at ST Residential he oversaw a portfolio of that included some of the highest quality apartment projects in the U.S., as well as hotel, office and retail spaces and helped manage nearly $1 billion in construction spending.
Mr. Pertchik holds a B.A. from Rutgers University, a J.D. from the District of Columbia School of Law, and an L.L.M. in International Finance Law from the Georgetown University Law Center.
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