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Waramaug Hospitality has appointed present companion/principal Ferit Ferhangil as CEO, efficient Jan. 1. He’ll succeed Leslie Ng, who will assume the place of co-vice chairman and can deal with the corporate’s acquisitions. Along with Ng and Ferhangil, the corporate board will embody Evren Unver as co-vice chairman and Paul Nussbaum as chairman.
The strategic determination is the end result of a year-long deliberate transition, which follows two years throughout which HazelStream Capital and its principals, Unver and Ferhangil, turned deeply engaged as companions of Waramaug.
“Over the course of the previous few years, Paul and I’ve gotten to know Evren and Ferit effectively and really feel extraordinarily lucky to have discovered like-minded companions who share the identical world imaginative and prescient, bold outlook and ethical compass for all that we do at Waramaug,” mentioned Leslie Ng, co-vice chairman, Waramaug Hospitality. “Together with his broad-based expertise, Ferit is the proper particular person to take our firm to the subsequent degree. Our future is vibrant with Ferit on the helm.”
Ferhangil mentioned, “It has been a pleasure for Evren and me to work with the proficient and seasoned crew at Waramaug for the previous two years following our funding into Waramaug in 2021 and into its portfolio resorts since then. I look ahead to working with my companions Paul, Lesli and Evren to additional develop Waramaug.”
He added, “The Waramaug platform is constructed on the depth and high quality of the relationships we’ve got constructed with capital companions, lenders, lodge franchisors, administration firms and the brokerage group. Our success is attributable to those relationships and our crew’s integrity, reliability, experience and acumen. I look ahead to constructing upon Paul and Leslie’s a long time of management and thank them and Evren for his or her belief in me to guide the subsequent evolution of our enterprise.”
With greater than 30 years of expertise in industrial actual property, hospitality and finance, Ferhangil joined Waramaug in 2021 as a companion and principal, following HazelStream Capital’s funding within the firm. He has beforehand been a CEO or board member of a number of actual property firms, hospitality business teams and monetary establishments.
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