The Dow Hotel Company, LLC, a hotel ownership investment and management company, today announced that it has appointed Stephen Griffin as senior vice president of finance. In the newly created position, Griffin will be responsible for all financial aspects of the company's investor relations and acquisitions, as well as oversee the company's proprietary hotel accounting systems and reporting.
Griffin, a Certified Public Accountant (CPA), holds a B.A. in Business Administration - Accounting from the University of Washington. Griffin most recently was the chief financial officer for WineBid.com, the largest Internet-based wine auction house in the world. Prior to that, he spent seven years with Tully's Coffee Company as chief financial officer. During this period, Tully's grew from three stores to 140, operating in both domestic and international markets. In addition, Griffin negotiated and closed a major acquisition of a San Francisco-based coffee company.
His real estate experience includes the role of COO and CFO of Olympic Property Management Company, a development and services firm. He also was director of acquisitions for the Hillhaven Corporation, one of the nation's largest healthcare providers. He began his career with Arthur Anderson & Co.
"Steve adds significant bench strength to our growing company, bringing more than 25 years of finance, accounting, real estate and corporate leadership," said Murray Dow, president of The Dow Hotel Company. "He is a perfect fit into our culture, which is committed to the highest professional standards."
The Dow Hotel Company, headquartered in Seattle, is a hotel owner/investor and operator of nine first-class, full-service hotels with properties throughout the United States. Dow's most recent acquisition was the Deerfield Marriott Suites in February, 2006. The company's portfolio of owned and managed properties is comprised of institutional grade hotels, under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza. The Company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, institutional-grade, full-service hotels, especially those that have extensive food and beverage capabilities.