THE LHMC DIFFERENCE 2017-12-19T05:32:10+00:00

HISTORY

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Love Hotel Management Company (LHMC), an
affiliate of the Love Companies, was established
in 1986 to identify, acquire, and manage mid-size
to full service performing and under-performing
hospitality properties in the United States. Since
the beginning, LHMC has set a precedent for its
bold and entrepreneurial approach through
owning hotels, operating hotels, developing
hotels and providing workout services.

LHMC has grown by applying its management and marketing expertise to effect a turnaround in

its profitability and value of its hotel portfolio.
Today, LHMC proudly provides services that
cover development strategies for new development,
brand reorganizations, receivership, workouts
and revenue management.

With the combined experience of its foundation
in ownership and management, LHMC is uniquely
poised to capitalize on many opportunities.

VISION

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DEDICATED, EXPERIENCED AND SERVICE
DRIVEN FOR OUR OWNERS, EMPLOYEES
AND GUESTS

Successful organizations in today’s competitive environment are those who understand and represent the needs of owners, the importance of ensuring exceptional guest experiences and dedication to its employees’ success. These principals are at the forefront of LHMC’s drive to deliver superior results.

We see this balance as a three pointed star; each ray representing a foundation for our success with our owners, our guests and our employees. It is crucial that a level balance be maintained between these three principles. The foundation to maintain this balance is continued implementation of leading-edge initiatives, monitoring of new procedures and services and striving to manage every asset to its fullest potential.

LEADERSHIP

LAURENCE SCHIFFER
Chief Executive Officer

Mr. Schiffer was the Co-Chief Executive Officer and a principal owner of
Love Savings Holding Company, and Chairman of Heartland Bank and
Love Funding Corporation, prior to Midland States Bancorp’s acquisition
of those entities at which he is now on the Board of Directors. He is also
President and Co-Chief Executive Ocer of Hallmark Investment Corporation,
a multi-purpose investment company, and Chairman and CEO of
Allegro Senior Living, a developer, owner and operator of senior housing
that was formerly a joint venture partner with Almanac Realty Investors
(formerly the Rothschild Group), an international investment firm. Over the
past four decades, Mr. Schiffer has directed the development, ownership,
acquisition, and management of commercial real estate properties including
institutional quality office, hotel, retail, industrial, apartment, and senior
housing properties. Mr. Schiffer holds a B.S. in Business Administration
from Washington University in St. Louis, Missouri

JOSEPH RUGGERI
President

Joseph Ruggeri is President of LHMC, a division of Love Savings Holding
Company. Mr. Ruggeri has over 30 years of experience in hospitality
sales, operations and project management. He has served in a variety of
positions throughout his career, including hotel operations, sales and food
and beverage services for multiple upscale hotels. Prior to joining LHMC,
Mr. Ruggeri served as General Manager with Interstate Hotels and
Resorts, Regional Vice President of Operations for LHM, Inc. and Vice
President of Operations for 2790 Crossroads Hospitality

PETER SCHIFFER
Senior Vice President, Business Development

Mr. Schiffer brings over 25 years of experience in real estate development
and operations. He has served in numerous positions within the
industry, including hotel operations, asset management, finance, sales
and food and beverage for several global companies, including The Ritz
Carlton, Marriott, Choice and InterContinental Hotels. He enjoys an
impressive track record of property management, finance, development
and construction of new properties with an emphasis on acquiring &
developing assets across the country. Experiences include business
development, land acquisition, financing, distressed asset receivership
appointments and other related hospitality activities.

GLORIA CLEMENT
Senior Vice President, Finance

Gloria Clement is the Senior Vice President of Finance for Love Real
Estate Company, the parent company of LHMC. She has over 38 years of
experience with Love Real Estate Company in financial services, including
accounting, audit and income tax, payroll and benefits and risk management.
Her experience spans a multi-state environment, a breadth of ownership
forms, and a wide variety of real estate investments. Her career
includes managing the accounting, tax personnel and insurance issues
associated with acquisitions, disposals, management takeovers and
development projects.

JOSEPH KENKEL
Vice President, Construction and Development

Mr. Kenkel has directed the maintenance, repair, construction and renovation
of commercial buildings for over 30 years. His qualifications as a
licensed electrician, a fully EPA certified HVAC technician, and experience
providing expert testimony concerning high rise plumbing systems allow
him to bring a wealth of knowledge and experience to his present position.
Mr. Kenkel has served as Corporate Director of Engineering for a
national hotel management company where he monitored and supervised
the repair, maintenance and renovations of 13 hotels, consisting of
1500 guest rooms.

Annette Kovarik
Controller

Annette Kovarik is the Controller for Love Hotel Management Company. Annette has over 25 years of accounting experience with the Love Companies including hotel and real estate management accounting. Annette’s accounting skills include monitoring of financial activities, cash management, financial analysis, reporting, construction project management, supervision of accounting staff and facilitation of the accounting system management. Annette is responsible for implementation of internal control policies and procedures and compliance with reporting to regulatory agencies. Annette is a CPA and has a Bachelor’s degree from the University of Missouri, St Louis, with an emphasis in accounting.

CHRIS DECOSTY
Director of Revenue

Mr. DeCosty presently oversees the revenue management and sales focus for the newly acquired hotels within the Love Hotel Management Company portfolio. He has been involved in the sales and revenues of the hotel industry, both at the property and regional level, for the past 20 plus years. Having worked for 10 years at LHMC, Mr. DeCosty has acquired extensive sales and revenue practices from several brands such as Marriot, IHG, Wyndham, Choice and received the 2009 Turning Point Award from Intercontinental Hotel Group (IHG) as well as awards for Highest RevPar growth,IHG Newcomer Hotel Award and recipient of the Crowne Plaza “Best of the Best” Director of Revenue award.