Procaccianti Group’s Hotel Division Promotes New President & CDO
- Apr 26, 2016
Providence, R.I.—Rhode Island-based real estate investment and management company The Procaccianti Group recently announced the promotion of Paul Sacco to the position of president & chief development officer of TPG Hotels & Resorts, its newly-named hotel division.
At the time of publication, the TPG portfolio comprised 60 properties nationwide with hotel revenues under management in excess of $840 million. Apart from continuing to focus on the company’s growth, Sacco will also help in spearheading the division’s overall strategy.
“Paul has helped us accelerate from a well-known hotel real estate investment company into a true force within the hospitality management industry. TPG has evolved into a sought-after hotel management powerhouse, both for our existing and new capital partners,” Jim Procaccianti, president & CEO of the Procaccianti Group, said in a prepared statement.
Sacco joined TPG in 2013. Prior to this, he held several important positions with Starwood Hotels & Resorts Worldwide, most recently working as senior vice president of development, all-brands, North-American division. During his tenure with Starwood, the company’s North American portfolio grew by 143 percent. At the same time, he played an important role in launching the Aloft Hotels and Element by Westin brands. Before Starwood, Sacco held leadership positions with Swissôtel, Pyramids Hotels, US Franchise Systems and Omni Hotels. He is a Brown University alumnus, having been awarded a Bachelor’s of Science degree in business economics.
Image courtesy of the Procaccianti Group