SALVATORE J. AQUILATO

646-***-**** adipn6@r.postjobfree.com ~ http://www.salaquilato.com ~ http://www.linkedin.com/in/salaquilato Career Profile

Senior Construction Executive with over 30 years’ experience in managing multiple projects, priorities & cross disciplinary teams in a fast-paced environment to drive the expansion goals & market growth for internationally recognized companies. Instrumental in corporate reorganizations, developed & implemented new policies and procedures while delivering innovative products, services, and programs to maximize profits & return on investment. Expertise in a broad spectrum of segments including restaurants, hotels, retail, mixed-use developments, commercial office space, sports stadiums, entertainment venues, multi-family, health care, education, health clubs, ground up & adaptive re-use construction. Core Competencies

Project Management, Team Development, Leadership, Owners Representation, Deal Structuring, Contract Negotiation, Design Management, Facility Management, Equipment Lifecycle Forecasting, Property Management, Transaction Analysis, Shared Services Optimization, Real Estate Development, Strategic Partnerships, Risk Management, Business Continuity, Scheduling Career Highlights

• Partnered with stakeholders for over $3Billion worth of acquisitions and development, adding expertise in site selection, entitlements, due diligence, concept design, rebranding evaluation, and budgeting, leading to the highest possible ROI.

• Directed over $2Billion of major construction programs from concept development and project feasibility through implementation and construction including design and building programming, third party and contractor sourcing, proposal evaluation and critical path scheduling which ensured tactical objectives, budgets and deadlines were met.

• Created & executed strategies for lowering overall expenditures through plan & specification reviews at each stage of development, providing expertise on functionality & value of specified materials & finishes as well as recommending value engineering saving an average of 12% of original budget and setting standards for future designs. Professional Experience

Fulcrum Hospitality LLC – Jersey City, New Jersey January 2020 – Present Vice President of Project Management

Orchestrating renovations, re-positioning as well as ground-up construction of hotel properties for a growing hospitality asset management / ownership group.

• Recruited to develop and implement a construction management program, provide assessments and recommendations on feasibility, development, acquisitions, and asset management contracts to support long term organizational growth.

• Establishing benchmarks and monitoring projects from scope development through overall completion while ensuring a cost- effective and timely outcome. Coordinating and overseeing external teams of vendors, architects, engineers, project managers, procurement & zoning specialists.

• Performing financial analyses for present and future projects, including return on equity, cost of capital as well as coordinating lender applications and associated diligence. Creating & continually updating order of magnitude schedules to navigate and capitalize on the market challenges of the COVID – 19 crisis. Bridge Hotel Group – New York, New York 2018 – 2020 Vice President of Development & Construction

Directed the comprehensive development & construction of ground-up urban hotel projects as well as the renovation and conversion of existing and newly acquired assets.

• Provided expertise on due diligence and entitlement processes for major land and building acquisitions. Assisted with project financing and financial analyses. Led project development, design and planning as well as managed construction and administration. Projects included the 45 story, 510 room Hyatt Place and the 40 Story 420 room Motto by Hilton.

• Directed the services of architects, engineers, contractors and consultants ensuring accuracy, completeness and efficiency of plans & specifications. Coordinated building, health, fire and planning inspections for final approvals.

• Managed property improvements and rebranding projects of company owned and managed hotels. Collaborated with brand managers, quality assurance, design, construction, and internal operation managers. Assured compliance with brand identity. SALVATORE J. AQUILATO PAGE 2

Stonebridge Companies – Denver CO 2017 – 2018

Vice President of Development & Construction

Led Design, Development, Construction, Facilities & Procurement for a developer, owner / operator of hotels, restaurants & mixed-use properties

• Coached, mentored, motivated, and led a multi-disciplined team of 13, challenging the status quo, bringing forward new ideas, encouraging continuous improvement and best practices for cost reduction and meeting critical path schedules which enabled the successful delivery world class projects.

• Formed partnerships with department leaders to develop vision, mission, goals, clear objectives, and practical action plans for new hotel development as well as operating hotel phasing and schedules. Gained credibility as a problem solver and consistently recognized by ownership for successfully executing instituted campaigns. Saks Fifth Avenue / HBC Shared Services – New York, New York 2011 – 2017 Managing Director of Construction

Provided vital leadership role in the delivery of store projects and programs critical to the execution of HBC corporate business strategy and achievement of company objectives for the Iconic Saks Fifth Avenue Brand

• Directed the coordination & tactical aspects of design, preconstruction, feasibility, phasing, and project management for the Landmark 5th Avenue $250Million “Grand Renovation”. Partnered with store operations, vendor planning, merchandising and marketing as well as leveraged partnerships with design firms, engineering teams and suppliers to implement an aggressive top to bottom re-layer program while overcoming the challenges of an operating store, ensuring uninterrupted business and allowing it to realize established sales goals.

• Led the full cycle of design & construction for the Saks Brookfield Place Store which included vertical transportation, uniquely sourced finishes, custom designed structural security, and stringent Brookfield mandated safety requirements. Maintained strict control of critical path schedule, change orders and logistics to deliver a world class shopping experience that was acclaimed by the fashion and retail press.

Le Pain Quotidien – New York, New York 2010 – 2011 Director of Development, Construction & Facilities Planned and implemented development strategy for International Retail & Restaurant Brand, focusing on responsible growth, sustainability & management of all physical assets and capital spending while striving for continuous improvement in process and results.

• Reinvigorated stalled development program by motivating team, setting new priorities, raising the bar on performance expectations and updated project baselines; enabling company to meet its growth projections by opening 4 new units, allowing for a 10% overall increase in operating weeks and adding $2Million to the company bottom line.

• Secured incentives that reduced the cost premium of green building measures. Initiated life cycle program, realizing 15% savings in energy costs within first 6 months of program. The Procaccianti Group, LLC – Providence, Rhode Island 2007 – 2010 Executive Vice President of Design & Construction

Managed new construction, renovation & re-positioning projects, capital programs, design, procurement for a top 5 privately held hotel, restaurant developer/owner/operator.

• Successfully completed over $200Million of capital and re-positioning projects while saving up to 30% through value engineering, contractor negotiation and strict schedule adherence which bolstered investor and owner confidence and delivered award winning projects including “Marriott’s Renovation of the Year”.

• Directed the construction of the $128Million, 400,000sf, 33-story Residences at the Westin Providence. The 360-foot tall tower included 5 levels of parking, 200 hotel rooms, 103 luxury residences, restaurants & retail space. Coordinated the final tenant installations and new owner modifications.

SALVATORE J. AQUILATO PAGE 3

Benihana Restaurant Group (NASDAQ (GS): BNHN) – Miami, Florida 2005 – 2007 Vice President of Development, Design, Construction & Facilities Drove aggressive program of development, design, new construction, reimaging and facilities management for an International Restaurant Company consisting of 3 brands – Benihana, RA Sushi & Haru Sushi

• Stabilized the design and construction department to proceed with the development of new units and the re-imaging of existing & acquired units while strengthening integrity of design and brand identity. Guaranteed tactical objectives, budgets and deadlines were met which calmed management & shareholder volatility & raised stock value.

• Developed and directed facilities management and preventative maintenance programs. Integrated technology into facilities operations, and Life Cycle Asset Management for kitchen & specialty equipment, building envelopes, roofs, electrical and mechanical equipment, adding to lifespan and efficiency of assets.

• Specified, tested, and managed the creation of upgraded exhaust and cooling systems, cooking tables, electrical metering systems, security applications and lighting which improved customer comfort and increased efficiency, saving 10% - 15% in energy costs per location.

Prime Hospitality LLC. (NYSE: PDQ) (Part of The Blackstone Group) – Fairfield, New Jersey 2002 – 2005 Vice President of Design, Construction & Facilities Directed the Design, Development & Construction activity for one of the nation's premiere lodging companies that owned, managed, developed and franchised more than 240 hotels throughout North America. Proprietary brands included AmeriSuites, PRIME Hotels & Resorts, and Wellesley Inns & Suites.

• Created, maintained, and tracked product improvement plans for all corporate owned and franchised hotels in 32 states. Worked with relevant corporate departments, hotel owners, management companies, and interior designers to review FF&E specifications, color boards, model rooms and design presentations, ensuring compliance of design standards and timely completion of PIPs.

• Provided expertise for $1.5Billion of acquisitions and development, including feasibility analysis, site selection, due diligence, concept design/evaluation, value engineering and budgeting. Assisted the Blackstone acquisition team by providing historical & due diligence data for existing assets as well as the repositioning of select properties into the LaQuinta Inns & Suites, Extended Stay Hotels & LUX Resorts brands. Edward Robbins, Inc/ ERCC Construction, Inc (Formed 1890, Incorporated 1936) – New York, New York 1985 – 2002 Executive Vice President

Attained a lengthy record of progressive responsibility (laborer to principal), knowledge and expertise with an established GC/CM. working with such companies as

• Revitalized firm by providing forward-thinking initiatives that accomplished operational objectives including organizational restructuring, process re-engineering and technological enhancements that dramatically increased revenues and improved overall quality returning firm to profitability and re-establishing its marketplace position.

• Managed $148Million renovation of Shea Stadium which included skyboxes, concessions, restaurants, rest rooms seating, locker rooms, dugouts and field. Responsibility included interfacing with labor unions, city officials and over 200 workers. Established a solid reputation as a skillful mediator in disputes, displaying persuasiveness without overstepping bounds while diffusing potentially volatile situations. EDUCATIONAL & PROFESSIONAL AFFILIATIONS

PACE UNIVERSITY - New York, New York - Business Administration Construction Management Institute of America

NYC MAC Certified Paramedic, ACLS, BCLS, PHTLS, CPR Instructor

646-***-****

adipn6@r.postjobfree.com ~ http://www.salaquilato.com ~ http://www.linkedin.com/in/salaquilato

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