Aly-khan S. Merali is now president and managing partner of Stonebridge Cos. in Denver. Founder Navin C. Dimond will remain CEO and will assume chairman duties for the company.
Previously, Merali was president and chief financial officer of Turnberry Associates since 2013, according to Stonebridge. Prior to that, he was executive vice president and head of acquisitions for a U.S.-based investment firm with properties in North America, Europe and the Caribbean. Merali also held leadership and ownership positions in real estate companies in the United Kingdom, Canada and East Africa with assets in hospitality, industrial, manufacturing, office and senior living.
“I have known Aly-khan for many years and have the utmost respect for him and his ability to lead Stonebridge Companies as we move forward and continue to grow and prosper,” said Dimond. “His background and extensive experience in the hospitality industry is impressive and makes him a perfect fit for this role.”
Merali said he was happy to join the company despite the ongoing COVID-19 pandemic.
“I sincerely believe that Stonebridge Cos. is well positioned to weather this pandemic and emerge stronger and even more fortified in the time ahead,” he said.
Dimond acknowledged that the industry has seen many challenges over the past months.
“In times such as these, it is essential to have a forward-thinking and collaborative team, and I am confident that we are taking steps to set this team in place,” Dimond said. “I am extremely optimistic about the future of our company and I am looking forward to working with our team to guide Stonebridge’s continued success and growth now and far into the future.”
In March, Stonebridge acquired and is managing the Residence Inn by Marriott Herndon Reston in Herndon, Virginia.
