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Palaschak is Stonebridge’s EVP of operations

He will open a new office in Dallas and oversee operations

Palaschak is Stonebridge’s EVP of operations

Lee Palaschak is the new executive vice president of operations at Stonebridge Cos. He will oversee the company’s operations from a new office in Dallas and report to CEO Rob Smith.

Denver-based Stonebridge, founded by Chairman Navin Dimond, is led by Rob Smith as president and CEO.


“Lee shares our vision of operational excellence and delivering value to ownership and brings strong relationships with our brand partners,” said Smith. “We are confident he will build on the infrastructure we have in place and continue to elevate Stonebridge as the market leader for third-party management contracts.”

Palaschak has 35 years of operational experience. Before joining Stonebridge, he was senior vice president at Remington Hospitality, managing operations for a portfolio of full-service and select-service brands, luxury and lifestyle properties. He also held senior roles at Aimbridge Hospitality, Winegardner & Hammons, and Commonwealth Hotels.

“Joining Stonebridge is an exciting opportunity, and I am thrilled to contribute to its continued success,” Palaschak said. “The company has built a strong reputation, and I look forward to working alongside the talented team here to enhance performance and deliver exceptional experiences for our guests, employees and partners.”

In addition to his operational experience, Palaschak has served on advisory boards for hotel brands and local convention and visitor bureaus. He is involved in charity work with the Salvation Army, Juvenile Diabetes Research Foundation and S.M. Wright in the Dallas area.

In December, Stonebridge appointed Marco Selva as senior vice president of business development and operations to expand its luxury, lifestyle and resort portfolio in the Southeast, Caribbean, and Latin America.

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Choice Hotels Report $180M in Global Performance Gains

Choice clocks $180M in global gains

Summary:

  • Choice Q3 net income rose to $180 million from $105.7 million.
  • Weaker government and international demand slowed U.S. growth.
  • Full-year U.S. RevPAR forecast lowered to -2 to -3 percent.

Choice Hotels International reported third-quarter net income of $180 million, up from $105.7 million a year earlier, driven by international business growth. Global RevPAR rose 0.2 percent year over year, with 9.5 percent growth internationally offsetting a 3.2 percent decline in U.S. RevPAR.

The U.S. decline was due to weaker government and international inbound demand, Choice said. The company lowered its full-year U.S. RevPAR forecast to -2 to -3 percent, from the previous 0 to -3 percent.

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