CHICAGO, IL (April 11, 2024) First Hospitality, a national hotel operating, management, and development company, announces the appointment of Matt Schuster as chief financial officer. Schuster brings a wealth of expertise in hospitality finance and investment to this position.
Schuster will report to David Duncan, president & CEO, and will lead the company’s financial services functions including all financial reporting, treasury operations, corporate financial planning, and analysis. Schuster will play a critical role in further developing long-term strategy and execution.
“Matt’s knowledge and background in hotel real estate and hospitality are expansive,” said Duncan. “He has extensive experience with working with institutional investors including prominent private equity, REIT, and HNW family offices. He will be a great addition to our team.”
Prior to joining First Hospitality, Schuster spent more than five years in numerous leadership roles at Club Quarters Hotels, where he most recently served as the chief financial officer. Prior to that, he began his career at EY, where he spent fifteen years, honing his skills in the hospitality industry advising owners, lenders, and investors on strategies ranging from new developments to high profile asset repositioning, branding strategies, and other special projects.
During his EY tenure, Schuster represented numerous buyers and sellers of hotel real estate and hospitality companies in an advisory role, managing several transformative transactions totaling over $10 billion dollars to date. He also led and performed more than 50 hotel and mixed-use feasibility assignments throughout the US and Caribbean for new hotel developments and repositionings.
Schuster is a Cornell University graduate with a Bachelor’s Degree in Hotel Administration and Real Estate Finance.
