RICHARD DERESZ

***** ****** *******, #****

San Antonio, Texas 78259

210-***-**** Office / 347-9680 Cell / abiexg@r.postjobfree.com E-Mail

PROFESSIONAL PROFILE

Highly creative real estate professional with extensive accomplishments in acquisitions, development,

financing, asset management, disposition, loan workouts, and strategic planning. Comprehensive experience in

multiple real estate uses including hotel, resort, retail, restaurant, golf course, multi-family, commercial office

and mixed-use developments. Recognized team leader and decision-maker possessing skills for achieving

short-term objectives and maximizing long-term portfolio values.

ACCOMPLISHMENT SUMMARY

• Initiated OTO Development, LLC’s “merchant builder” strategy which immediately provided the company

approximately $15 million in proceeds on the sale of the initial four hotel development projects. (27.7%

return on Cost Basis – 146.6% return on Equity)

• Implemented Extended Stay America, Inc. development growth strategy which allowed the company to

increase its market value from approximately $1.3 billion to $3.1 billion. (Sold May, 2004)

• Completed acquisition and development of 50+ La Quinta Inns, Inc. properties, which allowed the company

to increase its market value from approximately $420 million to $2.65 billion. (Sold July, 1998)

• Provided diversified real estate managerial skills for the Resolution Trust Corporation to coordinate

development of a strategic disposition plan that resulted in a portfolio reduction of approximately $1.0

billion in two years. Asset managed a diversified property and loan portfolio valued in excess of $1.5

billion.

• Coordinated analysis and provided recommendations to the executive committee for capital events

associated with VMS Realty Partners hotel and related real estate portfolio valued in excess of $2 billion.

Major acquisition valuations included InterContinental, Rockresorts, Westin, Omni, and Guest Quarter hotel

companies.

PROFESSIONAL EXPERIENCE

2012- INDEPENDENT REAL ESTATE CONSULTANT - San Antonio, TX

Current Market and financial analysis consulting services for hotel and mixed-use projects for

developers located in the southeastern, southwestern, and western portions of the

United States.

2011 SPERRY VAN NESS - San Antonio, TX

Senior Investment Advisor

Commercial Real Estate Advisor - Broker

2004-2010 OTO DEVELOPMENT, LLC (OTO) & PALMETTO HOSPITALITY FUND II

(PHF), San Antonio, TX

Regional VP of Real Estate

Managed land acquisition and new development activity for Hilton, Marriott, and Hyatt

limited service products in a five state region. Responsible for the entire property development

process from site selection through construction. Pro bono consulting services to PHF.

RICHARD DERESZ

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1999-2004 EXTENDED STAY AMERICA, INC. (ESA) - San Antonio, TX

Regional VP of Real Estate

Directed land acquisition and new development activity in a nine state region. Responsible for

the entire property development process from site selection through construction.

1992-1999 LA QUINTA INNS, INC. (LQI) - San Antonio, TX

Vice President of Real Estate and Development

Directed property acquisition and new development activity from site selection through

construction for a 13 state region. Coordinated acquisition/development of properties within

company departments including operations, finance, marketing & sales, legal, architectural

design and construction.

1990-1992 RESOLUTION TRUST CORPORATION (RTC) - San Antonio, TX

Director- Asset Management

Supervisory responsibility over Nations Bank/Amresco staff of 65, including asset

management, leasing, disposition, and reporting on a 1,000 asset portfolio.

1988-1990 VMS REALTY PARTNERS - Chicago, IL

Vice President Hotels - Capital Investments

Directed the merger and acquisition process for the evaluation and potential procurement of

hotel properties and hospitality related business entities. Gained extensive Wall Street

experience.

1984-1987 HAGUE FINANCIAL/LIBERTY CAPITAL CORPORATION - San Antonio, TX

Vice President- Real Estate Marketing and Investments

Major responsibilities included acquisition, development, financing, asset management,

coordination of loan workouts, and disposition of a real estate portfolio valued in excess of

$450 million.

1982-1984 LAVENTHOL & HORWATH - Houston, TX

Project Director

Supervised market and financial consulting engagements including hotel, multi-family, retail,

commercial office and mixed-use developments.

1980-1982 ARTHUR ANDERSEN & CO. - Houston, TX

Consultant

Provided information systems and other advisory services to the energy industry.

EDUCATION

M.B.A.-Finance Michigan State University Graduate School of Business Administration 1980

B.A. Michigan State University, East Lansing, MI - 1978

The School of Hospitality Business

Texas Real Estate Salesperson License

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