WASHINGTON, D.C.—The Buccini/Pollin Group, a privately-held, full-service real estate acquisition, development, and management company, has announced that it promoted Darren R. Anzelone to co-chief investment officer and Brandon S. Flury to vice president as the company continues its aggressive growth plans into 2014.
“During his decade tenure here, Darren has been responsible for oversight of transactions totaling in excess of $2 billion, including the acquisition, development, and redevelopment of 16 hotels,” said Dave Pollin, co-founder. “Brandon has enjoyed similar success at BPG, helping execute financing of transactions totaling more than $725 million. These promotions are an acknowledgement of those achievements, and also demonstrate our commitment to actively, and strategically expanding our hotel portfolio.”
A seasoned hospitality veteran, Anzelone joined BPG in 2004. In his new role, he will continue to be responsible for overseeing the development, acquisition, and financing of new hotel investments throughout the United States, as well as being actively involved in the asset management of existing investments. “BPG is well positioned to take advantage of the current real estate cycle,” Anzelone said. “Assuming nothing drastically unplanned occurs, all metrics point toward the hospitality industry enjoying robust growth for the next two to five years. We will be a very active player during this time.”
In his role as vice president, Flury will be responsible for the acquisition, structuring, and financing of new hotel investments, as well as the refinancing and ongoing capitalization of assets currently owned by the company. Since joining BPG in 2007, he has been involved in a full range of underwriting, financing, due diligence, structuring, closing, and development activities on numerous high-profile hospitality projects. “Hotels are a prime asset class right now,” Flury noted. “Debt and equity are returning to the market for the right projects. We will take advantage of the renewed interest in the hotel sector as we continue to expand our portfolio.”