First Hospitality, a national hotel operating, management and development company, has appointed Matt Schuster CFO.
Schuster reports to David Duncan, president/CEO, and leads the company’s financial services functions including all financial reporting, treasury operations, corporate financial planning and analysis. He will play a role in further developing long-term strategy and execution.
“Matt’s knowledge and background in hotel real estate and hospitality are expansive,” said Duncan. “He has extensive experience with working with institutional investors including prominent private equity, REIT and HNW family offices. He will be a great addition to our team.”
Prior to joining First Hospitality, Schuster spent more than five years in numerous leadership roles at Club Quarters Hotels, where he most recently served as CFO. Prior to that, he began his career at EY, where he spent 15 years, honing his skills in the hospitality industry advising owners, lenders and investors on strategies ranging from new developments to high profile asset repositioning, branding strategies and other special projects.
During his EY tenure, he represented numerous buyers and sellers of hotel real estate and hospitality companies in an advisory role, managing several transformative transactions totaling over $10 billion dollars to date. He also led and performed more than 50 hotel and mixed-use feasibility assignments throughout the U.S. and Caribbean for new hotel developments and repositionings.
