Extended Stay America Appoints EVP, Chief Asset Merchant

In his new role, Jim Alderman will be responsible for executing the company’s asset merchant strategy.

By IvyLee Rosario, Associate Editor

Charlotte, N.C.—Extended Stay America and its subsidiary, ESH Hospitality Inc., have found their new executive vice president & chief asset merchant in the form of Jim Alderman, former chief development officer with Kimpton Hotels and Restaurants.

Extended Stay America Hotel
Extended Stay America Hotel

An executive leadership team member, Alderman will be responsible for executing the company’s previously-announced “ESA 2.0” asset merchant strategy, including development of the company’s next-generation product through new construction and franchise sales, and asset management of the company’s existing real estate portfolio, including sales and acquisitions, ongoing maintenance and future renovations.

“Jim’s vast experience and well documented track record of success makes him uniquely qualified to lead our future growth and development efforts. He is a terrific addition to what I believe is the best leadership team in our industry,” said Gerry Lopez, president & CEO of Extended Stay America.

Alderman has more than 30 years of experience in commercial real estate, with a background in hotel and restaurant development, franchises, public/private partnerships, investor relations, private equity fund investment and management contracts. “Hiring an executive of Jim’s caliber is a great example of the progress we have made since sharing our vision and plans for growth and value creation with the investment community last summer,” added Lopez.

Image courtesy of Extended Stay America