Master’s Degree, Business Management
Southern Methodist University
As President, Greg Clay is responsible for day-to-day operations, as well as helping to determine and execute the overall investment strategy of the company. Since joining JMIR in 1998 he has also held the positions of Chief Investment Officer, Senior Vice President of Acquisitions and Development, and Director of Development. In these positions, Clay was directly responsible for the acquisition and development of projects with a combined cost in excess of $750 million.
Clay led the team and had a hands-on role in the ground up development of the Omni San Diego, the Solamar Hotel, the Marriott Del Mar, and most recently the Hotel Van Zandt in downtown Austin. He also played a key role in the acquisition of the Inn at Rancho Santa Fe, the Snow King Resort in Jackson Hole, the Hyatt Regency in Denver Tech Center, the Sheraton at Capitol in Austin, and the Marquette Hotel in Minneapolis; all since 2012.
Prior to joining JMI Realty, Clay worked 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 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.