Watermark Lodging Trust Inc., a non-traded real estate investment trust (REIT), has made a series of changes among its senior management team, including the promotions of Samuel Zinsmaster, Brendan Medzigian and Matthew Miller.
Zinsmaster has been promoted to COO, following his accomplishments as head of asset management and previously head of portfolio management for Watermark. A nine-year veteran of the company, he has helped oversee all asset and portfolio management related functions and, under his leadership, the Watermark portfolio has been recognized for its industry-leading quality and performance, according to the company. In his new role, he will be responsible for the day-to-day administrative and operational functions of the company.
Medzigian has been named chief investment officer, following his leadership and contributions as head of transactions and previously head of capital markets for Watermark. Since joining the company in 2017, he has been a driving force behind its successful corporate and asset level transactions, including M&A activities, investments, financings and dispositions, the company reports. In his new role, he will continue to oversee Watermark’s capital and transactional activities as well as strategic balance sheet initiatives.
Miller, who has been with Watermark for more than nine years and has served as VP/controller since 2017, has been promoted to chief accounting officer. As controller, he led the coordination and preparation of the company’s publicly filed financial statements including the development of its accounting processes and controls. In his new role, he will oversee all accounting functions, as well as tax and treasury activities.
In addition to these promotions, which are effective Jan. 1, Watermark’s current CFO, Mallika Sinha, will depart the company in January to accept a new opportunity.
“I want to extend my congratulations on these well-deserved promotions,” said Michael Medzigian, chairman/CEO/president, Watermark Lodging Trust Inc. “I am confident that our senior management team is well-positioned to guide Watermark’s future growth and to continue to deliver shareholder value. Furthermore, I want to express my gratitude to Mallika for her significant contributions to the company during her tenure as CFO. On behalf of our entire team, we wish her much success in her future endeavors.”