Baisiwala Tapped as Portman CEO

Baisiwala will oversee the firm’s management and profitability along with overseeing overall operations in real estate developments, investments, management and capital raising.

September 9, 2010
By Allison Landa, News Editor

Real estate development firm Portman Holdings L.L.C. has a new leader. Ambrish Baisiwala has been promoted to the position of CEO, which according to Portman chairman John Portman will utilize his global experience in the industry.

Portman added that Baisiwala’s background will help Portman continue its growth.

Baisiwala will oversee the firm’s management and profitability along with overseeing overall operations in real estate developments, investments, management and capital raising. He has nearly two decades of experience working on a worldwide scale, with stints in the United States, India, the Middle East, Southeast Asia and Australia. He was previously Portman’s executive vice president of development & capital markets.

As part of Portman’s restructuring, Richard Jones has also been named chief operating officer. With 20 years of hospitality and real estate operations experience, Jones will oversee the firm’s global asset management and property management functions as well as corporate operations in Atlanta, reporting directly to Baisiwala. Previously he served as Portman’s executive vice president of acquisitions & operations.

Portman focuses on development of mixed-use complexes as well as domestic and urban properties, including hotels, office buildings, retail spaces, residences and trade marts.