Boykin Lodging Company (NYSE: BOY) today announced that Michael Murphy has joined the company’s management team as a Senior Vice President of Acquisitions. Mr. Murphy will partner with Mark L. Bishop, who will continue to serve as a Senior Vice President of Acquisitions, to manage the company’s search for and negotiations relating to acquisitions of full-service commercial and resort hotel properties.
Mr. Murphy, 41, comes to Boykin Lodging from hotel REIT Patriot American Hospitality, Inc., (NYSE: PAH) where he was Senior Vice President of Acquisitions and directly responsible for sourcing, structuring, negotiating, and closing property and related management company acquisitions. During his 18-month tenure at Patriot American, he closed $820 million worth of hotel and resort acquisitions and was significantly involved in increasing the company’s portfolio from 31 to 70 properties.
Robert W. Boykin, Chairman and Chief Executive Officer of Boykin Lodging Company, commented, “We are very pleased to welcome Michael to Boykin Lodging. His addition will allow Boykin to increase the capacity of our acquisition pipeline, as we seek to continue the expansion of our property base and our multitenant hotel management program. With more than 20 years experience in negotiating real estate transactions and, more importantly, acquisition experience with another highly regarded hotel REIT, Michael is both a key addition to the Boykin management team and a step forward in our aggressive growth strategy.”
Mr. Murphy earned his B.A. in English at Williams College in Williamstown, Massachusetts, and his J.D. from Fordham University School of Law in New York, New York.
Boykin Lodging Company is a multitenant real estate investment trust which focuses on the ownership of full-service, premium-branded commercial and resort hotels. Boykin Lodging currently owns 17 commercial and resort properties containing 4,566 rooms, located in California, Florida, Indiana, New York, North Carolina, Minnesota, Maryland, Missouri, and Ohio.