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The Penn State Lodge & Restaurant Society (PSHRS) and the College of Hospitality Administration will honor Jim Risoleo, president/CEO. Host Motels & Resorts, and Ted Balestreri, chairman/CEO, Cannery Row Co. and chairman/CEO/cofounder, Sardine Manufacturing unit Restaurant, on the 2024 PSHRS Business Awards and Reception. The occasion will happen on April 2, 2024, on the college’s Marriott Basis Constructing amongst alumni, school, business companions and college students.
Risoleo will obtain the society’s Hospitality Government of the 12 months Award and Balestreri will obtain the Lifetime Achievement Award.
“We’re happy so as to add the names of Jim Risoleo and Ted Balestreri to the pantheon of those that have had an incredible affect and raised the bar for our college students and alumni each in company management and entrepreneurialism,” mentioned Tom Neely, president, PSHRS and president/CEO, Thomas E. Strauss.
Donna Quadri-Felitti, Marvin Ashner endowed director, College of Hospitality Administration, mentioned, “Each Jim and Ted epitomize American hospitality enterprise success by way of distinctive histories and a shared pathway that’s lined with a ardour for excellence and for others. They persistently advocate for the alternatives our business offers and contribute enormously to their communities, which evokes our thriving alumni, our hardworking college students and everybody with whom they work.”
With greater than 35 years of finance and actual property expertise, together with greater than 27 years at Host, Risoleo has served in quite a few roles of accelerating duty. He led acquisitions and investments and constructed and ran a global enterprise unit spanning the U.S. and Europe earlier than he grew to become president/CEO in 2016.
Previous to Host, he was VP, improvement at Interstate Motels Corp. and SVP, business actual property at Westinghouse Electrical Corp. As well as, he at present serves as an govt committee member of the American Lodge & Lodging Affiliation (AHLA), a member of the U.S. Journey Affiliation CEO Roundtable and a member of the Actual Property Roundtable. Previous appointments have included impartial chair of Cole Workplace and Industrial REIT and an impartial director of Griffin Realty Belief.
“I’m delighted and honored to obtain this award from PSHRS and to be acknowledged by one of many oldest, most revered and prime packages of its type,” Risoleo mentioned. “Offering management and supporting the event, development and academic alternatives for our future hospitality leaders is crucial, and all of us share this duty to provide again to our business.”
Balestreri additionally based Pacific Hospitality, which was included from 1983-2007 and held the franchise rights for Wendy’s Worldwide, protecting a tri-county space in northern California.
He has served as a member of the World Journey & Tourism Council since July 1997 and was appointed as California delegate to the White Home Convention on Journey and Tourism in February 1995. California Gov. Pete Wilson appointed Balestreri to serve on the California Italian-American Job Pressure in December 1996, and the Monterey Metropolis Council appointed him to the Residents’ Advisory Committee for the Financial Ingredient to the Metropolis’s Common Plan and Financial Technique Planning in January 1993. In 1985, Balestreri was appointed by Gov. George Deukmejian to function commissioner on the California Journey and Tourism Fee and served by way of 2007.
Balestreri additionally served as previous president of the Nationwide Restaurant Affiliation from 1985-86 and the California Restaurant Affiliation from 1983-84. He was chairman on the board of the Int’l Gold & Silver Plate Society from 1992-93; was chairman of Distinguished Eating places of North America from 1992-94; and obtained an honorary physician of enterprise administration diploma in hospitality administration from Johnson and Wales College in 1987.
As well as, he serves on the board of trustees for the Robert Louis Stevenson College, Neighborhood Hospital of the Monterey Peninsula and the Panetta Institute of Public Coverage. He is also a significant contributor to quite a few scholarships and academic foundations.
“I’m delighted and honored to simply accept this award from the Penn State College of Hospitality Administration and its distinguished alumni society, PSHRS,” Balestreri mentioned. “Penn State’s program has lengthy established itself as an American chief in graduating distinctive hospitality expertise, together with my longtime mates Walter J. Conti, Biff Naylor and Ralph Evans, together with Invoice Kohl and Hugh Roth, amongst many others. What makes this Lifetime Achievement Award a double honor is to be receiving it alongside my pal Jim Risoleo.”
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