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Hotel Asset Value Enhancement Welcomes New Executive Vice President Richard E. Musgrove

Providence, RI, February 17, 2012 --( Hotel Asset Value Enhancement, Inc. (hotelAVE) is pleased to announce that Richard E. Musgrove, CHA, CPM, CCIM, RPA has joined the company as Executive Vice President. According to Michelle Russo, President of hotelAVE, “Rich Musgrove comes to the company with extensive asset management experience and will undoubtedly be a valuable asset to the hotelAVE’s team.”

In order to better serve its Southwest and West Coast clients, Mr. Musgrove will join Kristin Knox, Vice President, as co-practice leader of hotelAVE’s West Coast practice.

Richard Musgrove will be occupying the role of Executive Vice President and is very excited to have the opportunity to bring his experience and knowledge to Hotel AVE’s existing team.

Mr. Musgrove comes to hotelAVE from Chartres Lodging Group. He is a graduate of Cornell University’s School of Hotel Administration and earned his MBA from the University of Chicago’s Graduate School of Business.

hotelAVE is a leading hotel asset management company established in 2003 by industry veteran Michelle Russo. Today, it has grown to over $2B in assets under management and consults on over $4B of hotel real estate annually. hotelAVE offers a wide variety of professional services such as asset management, lender services, receivership, new development consulting, and much more. hotelAVE also offers property management services with its sister company, StepStone Hospitality Management.

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Contact Information
Daria Hemmings
(401) 865-6900

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