Aimbridge names William Davenport CFO

Aimbridge Hospitality has named William Davenport as its new CFO, effective July 8. Davenport will sit on the organization’s executive leadership team and report directly to Craig S. Smith, CEO.

In his new position, Davenport will oversee the financial management of the company and have direct responsibility for accounting, financial planning and analysis, compliance, tax, treasury and procurement. He will utilize more than three decades of experience across businesses in hospitality, restaurants, franchising and private equity to help drive Aimbridge’s global expansion strategy, build new core competencies, transform financial reporting systems and simplify processes to enhance the services provided to the company’s owners, brand partners and vendors.

“As we build on our industry leadership and focus in on cultivating a collaborative, performance-driven culture, we plan to leverage William’s proven experience and leadership to strengthen our team and services,” Smith said. “His track record of establishing dynamic infrastructures, capabilities, and systems will enhance our business model by creating speed, efficiencies and sustained property performance, leading to the outsized results for our owners and partners.”

Davenport joins Aimbridge following his most recent role as CFO of Velvet Taco, a restaurant chain. Prior to Velvet Taco he served as CFO at Topgolf for a decade where he helped the concept grow from nine venues to its current scale of more than 80 U.S.-based locations, a global footprint and revenues exceeding $1.75 billion.

“Aimbridge is incredibly well-positioned for growth, which makes this an exciting time to join the company and be part of shaping the vision for the future,” he said. “I look forward to leveraging my diverse experience in hospitality and franchising to help the company deepen its hotel-centric approach, improve the services we provide at scale and realize its partners’ aggressive growth goals.”

Davenport’s experience also includes senior level finance leadership roles at Haggar Clothing Co, Neiman Marcus Group and Brinker International Inc., after beginning his career at KPMG Peat Marwick.