Larry Kaminsky

Larry J. Kaminsky

Executive Vice President at Fulcrum Hospitality LLC

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Location:
66 York Street Floor 2, Jersey City, New Jersey, United States
HQ Phone:
(646) 657-2950

General Information

Experience

Vice President Operations Finance  - CTF Hotels & Resorts

Education

degree  - Emory University , School of Business

Affiliations

Senior Vice President  - LaSalle Hotel Properties

Recent News  

Fulcrum Hospitality's Larry Kaminsky as secretary

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Larry Kaminsky
Executive Vice President Larry joined Fulcrum following a twenty-three year career in the hospitality industry covering hotel operations, casino operations, financial leadership, development and senior-level asset management. Immediately prior to joining Fulcrum, Larry was Senior Vice President of Asset Management for LaSalle Hotel Properties (a publicly traded REIT: LHO) for over 10 years and was directly responsible for more than $2 billion in hotel assets in many major US markets, having worked closely with over 20 hotel management companies including many of the major brands and independent operators. Larry lead the LaSalle portfolio-wide program of the industry-admired best practices and profit-enhancing / revenue-generating initiatives. Larry received his degree from Emory University, School of Business.

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Larry Kaminsky, EVP at Fulcrum Hospitality and HAMA board member, said exposing more people to asset management earlier will not only better prepare people to work in the field but will expose it to more as a potential career path.
He said a lot of that work can be accomplished from an association perspective, as well. "We are very dedicated to working with universities and trying to engage students in HAMA as early as possible to help them get an appreciation for what asset management is all about," he said. In addition to wanting to draw in and prepare more young people, sources said there are also efforts underway to better recognize the elite in the discipline. A lot of that work will come through HAMA's certified hotel asset manager designation, which is designed to honor the cream of the crop. Kaminsky noted this is important because asset managers are asked to understand various aspects of the industry, from hotel operations to the dynamics of being a real estate investor. "I have to spend a lot of time with property teams and educate them on the investment and real estate side of the business so they'll get a better appreciation for what an asset manager is looking for," he said. "It's a different perspective than the day-to-day operations." Kaminsky said with the transition currently taking place, it's important for asset managers and those working at the property level to be as vocal as possible with Marriott about how changes affect them. "There are all sorts of implications of combining that Marriott is working through, and owners have to do work themselves as a result," he said.

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