Adam Pieczonka

HEAD OF RESEARCH - HOTELS

Prior to forming 1907 Capital, Adam Pieczonka was a Senior Analyst at Knighthead Capital Management, LLC, a special situations hedge fund where he originated and managed credit, equity and derivative investments across real assets (real estate, renewables, infrastructure), corporates (transportation, communications) and sovereigns globally. Adam’s skillset is deeply-rooted in restructuring, having participated in some of the largest restructurings in the US, Croatia, Argentina and Brazil as an active leader on creditor committees and in board formation and strategy. While 1907 Capital’s research process is very intrinsic value, bottoms-up oriented, it employs a very top-down macro lens to minimize risk attributable to the macroeconomy and interest rates.

Adam’s career in the hospitality industry has spanned washing dishes at restaurants to leading income audit at the Four Seasons Landaa Giraavaru, Maldives and Doha, Qatar, to restructuring $1.5 billion of liabilities for Innkeepers USA. 1907 Capital’s investment partners are complemented by an array of operating partners from corporate-level finance to property-level management.

14 years of investing and advisory experience at Knightead, Ares, Moelis. MBA from The Wharton School; HBA from Ivey Business School.

Samir Meghji

RESEARCH PARTNER - HOTELS

14 years of investing and advisory experience at Ares, Credit Suisse, Goldman Sachs. HBA from Ivey Business School.

Andrew Barr

RESEARCH PARTNER - HOTELS

12 years of investing and advisory experience at Siris, Apollo, Credit Suisse. MBA from The Wharton School; HBA from Ivey Business School.

Robert Waxman

OPERATING PARTNER - HOTEL FINANCE

Former CFO at Skyline Investments, an owner and operator of lodging assets. Previously, led a number of real estate companies, including as CFO of CHC Student Housing, Head of Finance Modernization & Effectiveness at Deloitte Real Estate Advisory, and worked at Merrill Lynch as a REIT research analyst.

Dan Normandin

OPERATING PARTNER - HOTEL ROOMS

Seasoned operator, having led as General Manager at the Four Seasons Hotel Miami and the Four Seasons Hotel Atlanta. Grew up in the hotel industry beginning with food and beverage at the Delta Vancouver.