Richard Sprecher

Meyer Jabara Hotels (MJH), a multi-branded hotel management and ownership company, has appointed Richard Sprecher to Vice President of Development. The 40-year hospitality veteran will focus on growing the company's third-party hotel management contracts, as well as structuring joint venture agreements, obtaining hotel receivership assignments, and identifying hotels the company should acquire. Operating from MJH's new development office in Rolling Meadows, Ill., Sprecher will also spearhead a new distressed asset division — Hospitality Strategic Services LLC — designed to assist banks and special servicers in dealing effectively with hotel assets in their portfolios.

Sprecher is a senior hotel executive and dealmaker in all areas of hospitality. He comes to Meyer Jabara Hotels from Aimbridge Hospitality where he served as vice president of business development for 11 years. Prior to that, he served as director of franchise sales for Choice Hotels International where he sold more than 200 hotel franchises. Prior to joining Choice, Sprecher held senior positions with Amerihost Properties, Bradbury Suites, and Renaissance Hotels & Resorts. In those positions he directed and was involved in the opening of new properties from 115 to 320 keys, in the full-service, luxury, and limited-service hotel sectors.