Ferit Ferhangil has been named CEO at Waramaug Hospitality LLC
Waramaug Hospitality, one of the premier privately held hotel investors and asset managers in the U.S., announced today that current partner and principal Ferit Ferhangil will become its Chief Executive Officer, effective January 1. Ferhangil will succeed Leslie Ng, who will assume the position of Co-Vice Chairman and will focus on the company's acquisitions by leveraging his extensive contacts. In addition to Ng and Ferhangil, the company board will include Evren Unver as Co-Vice Chairman and Paul Nussbaum as Chairman.
The strategic decision reflects the company's continued commitment to its future growth as a best-in-class hotel investor positioned to capitalize on today's challenging market conditions. It is also the culmination of a year-long planned transition, which follows two years during which HazelStream Capital and its principals Evren Unver and Ferit Ferhangil became deeply engaged as partners of Waramaug.
Waramaug Hospitality is recognized for its ability to source unique investment opportunities, add value through upgrades to its portfolio hotels, and deliver industry-leading risk-adjusted returns for its capital partners.
With more than 30 years of experience in commercial real estate, hospitality, and finance, Ferhangil joined Waramaug in 2021 as a partner and principal, following HazelStream Capital's investment in the company. He has previously been a CEO or board member of several real estate companies, hospitality industry groups, and financial institutions. Ferit has a master's in business administration from the Tuck School of Business at Dartmouth College.