Eric Watts has been named President at MXR Hospitality in Germantown - TN, USA
Extended stay hotel developer and property management firm MXR Hospitality (MXR) today named Eric Watts, also President of Extended Stay for Dallas-based RREAF Holdings, as its inaugural President.
MXR is a strategic partnership of RREAF Holdings, a privately held, vertically integrated real estate investment and development firm, and renowned hospitality investor Philip McNeill, Sr. Kip Sowden, Chairman and CEO of RREAF Holdings, and Phillip McNeill, Sr. made the announcement.
In this role, Watts will be responsible for refining and growing MXR's ground-up extended-stay platform, in particular, supervising site selection and evaluation, negotiation, entitlements, and construction activities for new build projects. Watts will also work closely with Brent McDowell, newly appointed MXR Hospitality Chief Executive Officer, in identifying new business opportunities, including third-party property management assignments, and in guiding the firm's strategic direction.
Watts has 10 years' experience in the development industry, spanning all aspects of construction for retail, multifamily, and hospitality properties. Watts joined RREAF Holdings in 2016 as Director of Capital Expenditures over their robust multifamily platform, and later transitioned to project managing several ground-up projects across the Southeast. He then served as RREAF Holdings' Director of Construction Extended Stay Hospitality, starting in 2022, before being named RREAF Holdings' President of Extended Stay.
Prior to joining RREAF Holdings, Watts served as Project Manager for Innovation Renovation, of Memphis, TN, where he facilitated the rehabilitation of more than 1,500 units for industry leaders Mid-America Apartments LLC, and Fogelman Properties Group, all in the Mid-South/ Memphis area.
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