Steven A. MargolMargol will continue to oversee the team responsible for identifying new third-party management and asset management opportunities, sourcing and negotiating new investment/acquisition opportunities, coordinating refinancing and disposition activities, and managing joint-venture relationships. Previously, he was executive vice president-business development. "Since joining the company in 1994, Steve has played a pivotal role in Davidson's growth as we strategically evolved from a small regional owner/operator to one of the industry's largest independent management companies," said John A. Belden, Davidson's president and chief executive officer. "From day one, he helped define our growth strategy resulting in our assembling one of the industry's highest-quality hotel portfolios in the upscale, full-service segment."