Dennis Langley began his career in the hotel industry
with Westin Hotels and Resorts immediately after service
in the US Army. His military service followed his graduation
from Cornell University with a Bachelor of Science in
Hotel Administration. From corporate staff to line management
at several of the larger hotels in the Westin chain, Mr.
Langley gained broad experience in all aspects of hotel
operations and management during his eight-year tenure
with Westin. In the mid-1980’s, Mr. Langley capitalized
upon his detailed knowledge of hotel operations to become
an owners representative and asset manager for two different
organizations with significant hotel holdings in their
real estate portfolios. He subsequently played a key role
in numerous high profile hotel transactions.
Professional Experience
Mr. Langley’s activities on behalf of Montclair
Hotel Investors employ the experience and skills developed
during his involvement with the following organizations:
Fall Creek Partners, Inc.
Fall Creek Partners, jointly founded by Mr. Langley in
1993, provides investment advisory and asset management
services to the hospitality industry. From 1993 to 1994,
the firm was engaged in providing hotel-specific strategic
investment advisory services and implementation of portfolio
transactions valued in excess of $950 million. In July
of 1994, Mr. Langley sold his interests in Fall Creek
Partners to the other principals of the firm.
VMS Realty Partners
As Senior Vice President - Hotel Investments for VMS Realty
Partners of Chicago, Illinois, Mr. Langley was employed
to develop and implement a workout strategy for a hotel
portfolio of over 60 hotels valued in excess of $3 billion.
This syndication firm had assembled this portfolio during
an aggressive hotel acquisition program conceived in the
early 1980’s. Responsibilities fulfilled by Mr.
Langley included asset management for a highly diverse
portfolio of hotel properties ranging from thirty Holiday
Inns throughout the United States to luxury hotels such
as the Boca Raton Resort and Club, Boca Raton, Florida;
the Westin Maui and Westin Kauai in Hawaii; the Hyatt
Key West; the Hyatt Grand Champions; the Four Seasons
Santa Barbara Biltmore; the Inn on the Park in Toronto,
Ontario; and Omni hotels in New York and Washington, DC.
During the disposition phase of the VMS hotel portfolio,
Mr. Langley took the lead in negotiations with lending
institutions on debt restructuring and the ultimate disposition
of the properties owned by VMS. Over a three-year period
from 1989 to 1992, he presided over sales transactions
with an aggregate value in excess of $700 million.
Southland Financial Corporation
In 1986, Mr. Langley joined Southland Financial Corporation
in Dallas, Texas as Vice President - Asset Management
to direct the investment strategy for the company’s
hotel portfolio. His endeavors included acting as owner’s
representative with responsibility for oversight of hotel
management companies such as Four Seasons and Sheraton,
which operated various hotels owned by Southland. When
Southland Financial, the owner and developer of the 12,000
acre Las Colinas development, liquidated its hotel portfolio
in a corporate restructuring, Mr. Langley participated
in the sale of the Mandalay Four Seasons Hotel in Las
Colinas to Marriott Corporation, the Las Colinas Inn and
Conference Center to USAA, and the sale of the Sheraton
Dallas to an offshore investment group.
Westin Hotels and Resorts
Mr. Langley joined Westin Hotels and Resorts in 1978 to
direct the food and beverage operations at the Westin
Seattle. In 1980, he served on the corporate staff as
Assistant to the Chairman and focused on such strategic
issues as the corporate name change from Western International
Hotels to Westin Hotels and Resorts and a major corporate
restructuring which resulted in a complete reorganization
of the enterprise.
Following his tenure on the corporate staff, Mr. Langley
performed in a number of diverse field positions, beginning
as manager of the landmark Space Needle Restaurant in
Seattle, Washington. In the arena of executive management
of hotel properties, he first served as Executive Assistant
Manager of the Westin Galleria in Houston, Texas from
1982 to 1984 followed by a similar involvement at the
Arizona Biltmore, an internationally renowned destination
resort, from 1984 to 1986.
United States Army
From 1974 to 1978, Mr. Langley served in the United States
Army, initially as a paratrooper and subsequently he performed
a three-year tour of duty in Italy as manager of an Officer’s
Club. In 1978, immediately prior to his departure from
the Army with the rank of Captain, he was named the top
club manager for all Army facilities and was awarded the
Army Commendation Medal.
Educational Experience
In preparation for his hotel career, Mr. Langley attended
the following educational institution:
Cornell University
Mr. Langley is a graduate of Cornell University’s
School of Hotel Administration and has served on the Cornell
University Campaign Committee. He holds the designation
Certified Hotel Administrator (CHA) from the American
Hotel and Motel Association.
Dennis Langley was born in 1952 in Newark, New Jersey
and was raised in the greater metropolitan New York City
area. His professional career has taken him to such diverse
locations as Italy, Seattle, Houston, Phoenix and Dallas.
Mr. Langley moved to suburban Chicago in 1987 where he
currently resides in Lincolnshire, Illinois with his wife
Julie, and three children. Mr. Langley has served on the
Board of Directors of Marklund Charities as well as the
Cornell University Campaign Committee. He currently serves
on the Board of Trustees of the Loyola Academy Rowing
Association.
