GARRETT S. BUSCH APPOINTED PRESIDENT OF THE PACIFIC HOSPITALITY GROUP (PHG)

After successfully leading Capital Markets, Garrett Busch will now lead the growing portfolio of hotels

IRVINE, Calif., June 14, 2022 /PRNewswire/ — Pacific Hospitality Group Ventures, Inc. (“Pacific Hospitality Group”), a leader Orange County hotel management and investment company, is pleased to announce that Garrett S. Busch was named president. In his new role, Busch will oversee the portfolio of 12 independent hotels and resorts. He will succeed Paul J. McCormickthe outgoing President and Chief Operating Officer. Garrett Busch has served as Vice President of Capital Markets and Development for Pacific Hospitality Group since 2019 and will continue to lead the company’s expansion efforts while providing day-to-day oversight of the entire business.

“Garrett’s proven track record, strong business development acumen and unparalleled dedication make him the right leader for Pacific Hospitality Group,” said the company’s founder and CEO. Timothy R. Busch. “Garrett’s love for the business, combined with his ability to manage a multi-faceted operation, makes him the ideal leader for us. He is ready to take the helm and lead PHG into our next phase of growth. “

Busch replaces Paul J. McCormick who is stepping down as President after successfully leading the company for the past 4 years. McCormick, a seasoned hospitality veteran who led the operations of KSL Resorts, Miraval and Sage Hospitality, to name a few, led PHG to record reviews in 2019 and firmly guided the company to through the Covid storm. “We will always be indebted to Paul for his dedication and leadership,” Busch added.

“I am honored and excited by this opportunity,” said Garrett Busch, now president of PHG. “My family’s support and the team’s trust in me has allowed me to transition from growing the business to leading the business. I’m already getting to know our 1,550 team members at across the country and I am humbled by each of them. It is a privilege to be their leader and I look forward to all of the expansion and best-in-class operations that our portfolio will enjoy together.”

Under Busch’s tenure as Vice President of Capital Markets, Pacific Hospitality Group acquired the Granduca Hotel in Austin, TX in December 2020 and completed construction of the Hyatt Place hotel downtown Phoenix, Arizona in May 2021. Garrett recently led efforts by Pacific Hospitality Group and the Busch family to recapitalize, refinance and consolidate control of the Meritage Resort and Spa and its soon-to-be-redesigned sister property, The Grand Reserve at the Meritage, both located in the picturesque Napa Valley.

Prior to taking the reins of the development team, Busch spent 8 years running family winery Trinitas Cellars, Napa, California. During his stay in NapaGarrett dramatically increased the revenue and reach of the winery where he championed successful winemaking partnerships with his material alma, the Notre Dame University. Busch received his undergraduate degree in commerce and his MBA from the Notre Dame University where he specialized in entrepreneurship and finance respectively.

About Pacific Hospitality Group (“PHG”)

irvine PHG owns and operates hotels across United States. PHG’s investment philosophy is to hold assets for the long term in order to generate long-term value for investors while making lasting contributions to the community. PHG’s portfolio includes both branded properties (Marriott, Hilton and Hyatt) and its independent Meritage Collection properties located in iconic locations such as the Ko’a Kea Hotel & Resort in kauaiPasea Hotel & Spa in Huntington BeachGranduca Hotel in Austinand the aforementioned Meritage Resort and Spa at Napa.

SOURCE Pacific Hospitality Group Ventures, Inc.

Elisha A. Tilghman