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Will Manage Portfolio Of Nearly 100 Hotels Throughout US

John Rhodes Peto appointed director of asset management for Barcelo Crestline Corporation

eTN  Jun 23, 2008

Barcelo Crestline Corporation today announced the appointment of John Rhodes Peto, C.H.A., as Director, Asset Management. Mr. Peto joins Barcelo Crestline with more than 20 years of experience in hospitality and real estate asset management. In his new position, he will report to Thomas G. Baker, executive vice president and chief investment officer for Barcelo Crestline. Mr. Peto will asset manage Barcelo Crestline's portfolio of nearly 100 leased and owned hotels throughout the US.

Mr. Peto joins Barcelo Crestline from a private venture where he managed a residential real estate portfolio. Prior to that, he was the Director of Operations for the US for CTF Hotels & Resorts. He has also held senior management positions with La Costa Resort & Spa, Encinitas Resort Corporation, and the Capitol Hotel Group, Inc., among others.

"John's extensive background in asset management and real estate is significant to Barcelo Crestline as we continue to manage and grow our hotel portfolio," said Tom Baker. "We look forward to John's leadership and expertise as we continue to enhance Barcelo Crestline's domestic interests."

Mr. Peto attended Indiana University of Pennsylvania, Hotel & Restaurant Management program. He has earned several industry accolades and certifications including Certified Hotel Administrator (C.H.A.).

In June of 2002, Crestline Capital Corporation merged with Barcelo Corporacion Empresarial - owner of Barcelo Hotels & Resorts. After the merger, Crestline Capital Corporation became a wholly-owned subsidiary of Barcelo Corporacion Empresarial and changed its name to Barcelo Crestline Corporation. Based in Palma de Mallorca Spain, Barcelo Corporacion Empresarial, together with its affiliates, is one of the world's largest hospitality companies.

Today, Barcelo Crestline Corporation leases 19 select-service hotels and subleases 71 select-service hotels. The privately-owned company has significant equity interests and ownership in several upscale hotels and is parent to Crestline Hotels & Resorts, Inc., which is among the nation's four largest independent hospitality management companies. The company also asset manages the entire portfolio of all-inclusive resort properties for Playa Hotels & Resorts, S.L., a privately-held Spanish venture which currently owns seventeen resorts in Mexico and the Dominican Republic.

John Rhodes Peto appointed director of asset management for Barcelo Crestline Corporation

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