Hotel management, investment and development company Highgate has added two executives to its roster with the appointment of Matt Greene to EVP, luxury residences, and Elizabeth Redmond to chief accounting officer.
In the newly created position, Greene reports to CEO Arash Azarbarzin and oversees the company’s portfolio of managed condo-hotels and residences such as The Elser Hotel in Miami and The Altair Hotel in Bay Harbor.
“At Highgate, we are always seeking new opportunities to apply our expertise to drive value for guests and owners,” said Azarbarzin. “Matt is the powerhouse who can help lead our dedicated condo-hotel/branded residences team and ensure we have all of the tools to deliver great returns for our partners.”
Greene added, “I’m excited to be working with people whom I have respected and trusted for decades—and to be working on this new vertical at Highgate that presents such significant opportunity to create value. With the benefit of my background in residential development and operations, I look forward to leveraging the resources of Highgate’s best-in-class organization able to maximize the potential of these assets and to deliver differentiated residential experiences.”
Prior to joining Highgate, he served as EVP, lifestyle operations for Evolution Hospitality and Aimbridge Hospitality, where he oversaw the lifestyle hotel portfolio as well as 10-plus new hotel developments across the U.S. and Mexico. He previously held senior operations roles at Hotel ZaZa Dallas, which first sparked his interest in the condo-hotel space after successfully opening an adjacent condo tower to the hotel.
He then took his experience at ZaZa to Starwood Hotel & Resorts as senior director of new builds & conversions for W Hotels Worldwide, where he opened the W Dallas Victory, which featured the first residences under the W brand. Greene also managed the Hard Rock Hotel San Diego, a condo hotel located in the city’s entertainment corridor.
In her new role, Redmond is responsible for leading Highgate’s global accounting operations and driving innovation across the company’s accounting and reporting practices. She succeeds Joseph Klam, who will assume the new role of chief administrative officer of financial systems and reporting.
“Throughout her career, Elizabeth has demonstrated a passion for driving new, dynamic ways of managing complex accounting and financial systems in the hospitality industry,” said Ned Martin, CFO, Highgate. “Her approach is very much in line with Highgate’s strategic vision, and she will be a powerful asset as we continue to evolve.”
Redmond added, “I am thrilled to lead a team of dedicated professionals at Highgate, an organization that is well-respected throughout the industry for its operational capabilities, growth trajectory, track record of innovation and for its ability to attract best-in-class talent.”
Prior to joining Highgate, she served as chief accounting officer at Choice Hotels International Inc., where she led enterprise-wide process reengineering efforts, implemented complex accounting standards and improved internal control structures and procedures to accommodate the company’s growth and evolving financial structure. She began working at Choice in 2007 as director of compliance and was later promoted to senior director, accounting & compliance and VP, financial reporting & accounting.