John Weeman Biography
John managed development for Hilton Hotels Corporation in several capacities from 1987 until 2000. He joined Hilton as Vice President of Development for Hilton Suites and was a principal in the start up of that concept as well as the Hilton Garden Inn brand for the Company. He developed six all-suite hotels for Hilton, subsequently managed development planning and asset management for all brands in the Central Region of the United States, and was directly involved with the addition of over 10,000 rooms to the Hilton system. His most recent position was Vice President Franchise Development, where he was responsible for the planning of all Hilton franchise products in the Central Region of the U.S.
With the acquisition of the Promus Corporation in late 1999, he elected not to relocate to Memphis and formed Partners In Development. Partners in Development had a confidential Memorandum of Understanding with Hilton for the development of Hilton and Hilton Garden Inn Hotels. This brought a preferential franchise fee to developments in which his company had an equity position.
Prior to joining Hilton, John was a Senior Principal with Laventhol & Horwath, a Certified Public Accounting firm with a recognized specialty in the hospitality industry. He managed the hospitality consulting practice for the Dallas office from 1982 through 1987 and was responsible for the review of all hospitality related market study, financial projection, and consulting engagements.
John assembles equity and identifies appropriate team members for development, operation, and ownership roles. In addition to various brands within Hilton, Partners In Development pursues adaptive re-use projects, boutique opportunities, and community convention-hotel development opportunities. John has extensive expertise in structuring successful public/private lodging developments.
John has over thirty years experience in the Hospitality indstry. He serves as chairman emeritus of the alumni board at Michigan State Universities' hotel school, and has recieved numerous awards from MSU, including nomination to the "Wall of Fame".
Pete DeKalb Biography
Pete DeKalb is a principal with Partners In Development having joined the company in 2003. Prior to that Pete was a founding Managing Director of Horwath Hospitality Investment Advisors co-leading the Texas regional office with John Weeman from 2001 - 2003.
Prior to joining Horwath, Pete managed the western U.S. real estate function for Accor North America from December 1992 through July 2001. In his capacity as Vice President, Real Estate & Development, Pete lead a team responsible for growth of the "owned & operated" hotels and real estate asset management in the western U.S. Responsibilities for growth included: identification of new development opportunities and acquisition candidates, market evaluation, investment analysis, negotiation of purchase/lease agreements, internal investment committee presentations, regulatory approvals, and supervision of all due diligence and closing activities. In this capacity Pete personally performed in excess of 50 market studies, feasibility analyses, and property investigations.
In his capacity overseeing real estate asset management, his responsibilities included: dispositions, takings/condemnations, expansions, re-positionings, restaurant leases, ground leases, and nieghbor/tenant/landlord issues. During his time with Accor Pete successfully completed 26 acquisitions/new developments, 31 dispositions, plus multiple hotel leases, restaurant leases, takings/condemnations, and numerous miscellaneous asset management tasks.
Prior to joining Accor, Pete was with Embassy Suites Hotels for 10 years in various capacities. Early in his career, Pete worked in Operations quickly rising to General Manager. During this period Pete managed 2 Embassy Suites Hotels exceeding budgeted performance every year and achieved gross opearing profits in the top 5% of the company. Subsequently Pete worked in Real Estate & Development as a team member on the corporate development of several Embassy Suites Hotels. As the company shifted focus to franchise growth, Pete took over Franchise Development in the western U.S. and Canada. In this capacity Pete was responsible for the addition of 12 hotels to the Embassy Suites Hotel system.