Gregory W. Clay
Chief Investment Officer
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Bachelor’s Degree – Finance Texas A & M University
Master’s Degree, Business Management Southern Methodist University |
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Urban Land InstituteFatherhood |
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As Chief Investment Officer, Greg Clay is responsible for helping determine and then executing on the overall investment strategy of the company. Since joining JMIR in 1998 he has also held the positions of Senior Vice President of Acquisitions and Development and Director of Development. In these positions, Clay was directly responsible for the acquisition and development of proejcts with a combined cost in excess of $270 million.
Prominent transactions include the Marriott Del Mar, a 284-room, full service hotel, which opened January 2002; a mixed–use project consisting of the Omni San Diego Hotel, a 511-room, four diamond hotel, and The Metropolitan, a 36-unit ultra luxury condominium project, which opened in April 2004; and Hotel Solamar, a 235-room Kimpton Boutique Hotel, which opened in April 2005.
Prior to joining JMI Realty, Clay worked with John Kratzer at Homegate Hospitality, Inc., serving as Director of Western Development. The company, a developer and owner of mid-priced, extended-stay hotels, grew from a private start-up to a publicly traded company (NASDQ: HMGT), and ultimately merged with Prime Hospitality (NYSE: PDQ). In a two year period, Clay developed eight hotels with more than 1,300 rooms and a combined value in excess of $60 million in the cities of Denver, Albuquerque, Phoenix and Las Vegas.
His experience also includes serving as financial manager and financial analyst at Wyndham Hotels and Resorts (NYSE: formerly WYN). During Clay’s tenure at Wyndham, the company transitioned from a privately-owned, property management company with a seventeen property portfolio, to a publicly traded entity with more than 100 properties and a market capitalization in excess of $540 million. Clay played a significant role in the company’s initial public offering with responsibility for the company’s proforma model and stock distribution model. |