Industry Update
Press Release28 October 2020

Industry Veteran, Bill Navas, Launches New Hotel CapEx Advisory Firm

Rich-Port Hospitality LLC will provide project execution services to the hotel industry.

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Rich-Port Hospitality LLC

GREAT FALLS VA - Bill Navas, a 30-year hotel industry veteran has launched Rich-Port Hospitality Development, an innovative advisory firm primarily focused on executing capital projects for clients. Rich-Port also assists institutional investors with pre-acquisition due-diligence and provides hotel companies with outsourced brand representation and technical services.

"I am incredibly excited to establish a new company dedicated to serving the hotel development market" said Navas. "I have dedicated my career to the execution of hospitality projects, and I am looking forward to leveraging my experience and resources to assist clients in their capital deployment."

Navas brings a deep understanding of all aspects of hotel construction from the field to the boardroom. In addition to having extensive experience as an in-house owner's representative while holding senior leadership positions at Starwood, Trump and W Hotels, Navas has a background in third-party project/development management through his tenure at Hospitality 3, - a boutique hotel development firm based in New York City. More recently through his role as President of Digney York Associates, a premier, national hotel renovation general contractor, Navas acquired invaluable perspective from the contractor side.

"Bill is an outstanding project executive and the consummate professional" said Mu stafa Kirdar, Managing Director at Reig Capital Group (at time of the project). "He led the execution team for the incredibly complex and challenging project to convert a distressed property on the island of Vieques, Puerto Rico into a W Resort and Spa. His hands-on approach and unwavering drive to contain cost, maintain world-class quality and complete on time were invaluable to our successful execution."

About Bill Navas
Prior to launching Rich-Port Hospitality, Navas served as President of Digney York Associates, a premier hotel renovation contractor. He has also held senior positions at The Trump Organization, Starwood Hotels & Resorts and Hospitality 3, a boutique hotel development and project management firm. Over the span of his extensive career, he has been directly responsible for successfully delivering complex projects including high-profile properties such as the iconic Turnberry Resort & Golf Course, W Retreat & Spa - Vieques, Sheraton Tor onto and the W Mexico City. Navas began his career as an on-site project manager in the Washington DC area and looks forward to relocating with his family to Virginia. He holds a Bachelor of Science degree from Cornell University in Ithaca, New York where he studied mechanical engineering and hotel management.

About Rich-Port Hospitality Development LLC

Rich-Port Hospitality is an advisory firm devoted to representing hotel owners through the process of executing capital projects with minimal disruption to the property's operation. Leveraging its extensive experience in successful project execution for numerous clients in locations all across North America, Rich-Port is ideally suited to manage a project from early inception to successful completion. With expert planning, Rich-Port Hospitality is specifically focused on avoiding the common and costly pitfalls inherent in project development and construction.

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