Board of Directors

Steve Joyce

Stephen P. Joyce

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Stephen P. Joyce has served as an Independent Director of Hospitality Investors Trust, Inc. since March 2017. Mr. Joyce served as Chief Executive Officer of Dine Brands Global, Inc. (formerly known as DineEquity, Inc.) (NYSE: DIN), one of the largest full-service restaurant companies in the world, from September 2017 until January 2021, and as a member of its board of directors from February 2012 until January 2021. Since April 2020, he has served on the board of directors of RE/MAX Holdings, Inc. (NYSE: RMAX), one of the world's leading franchisors in the real estate industry. From 2008 until September 2017, he served as president and chief executive officer, and a member of the board of directors, of Choice Hotels International, Inc. (NYSE: CHH), a publicly-traded lodging franchisor. From 1982 to 2008, Mr. Joyce was with Marriott International, Inc., where he attained the role of executive vice president, global development/owner and franchise services, in addition to holding other leadership positions.

Bruce Wiles

Bruce G. Wiles

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Bruce G. Wiles has served as Chairman of the Board of Directors of Hospitality Investors Trust, Inc. since March 2017. Mr. Wiles currently serves as a Senior Advisor for Brookfield Property Group’s lodging investment platform (“BPG Hospitality”), a subsidiary of Brookfield Asset Management, Inc. (“BAM”) and an affiliate of the Brookfield Investor. He previously served until April 2019, as a Managing Partner at BPG Hospitality, and as the president and chief operating officer of Thayer Lodging Group LLC, a Brookfield Company (“Thayer Lodging”), a subsidiary of BAM and also an affiliate of the Brookfield Investor. He had held these positions since the acquisition of Thayer Lodging Group Inc. and Thayer Advisory Group LLC (collectively, “Legacy Thayer”) by BAM. BAM is one of the world’s largest investment managers and globally manages assets of over $575 billion with most of those assets invested in commercial real estate. BPG Hospitality, on behalf of BAM’s private funds, acquires hotels in the U.S., Canada and Mexico. In his role as a Senior Advisor, Mr. Wiles is active in the development and execution of BAM’s hotel investment program. BPG Hospitality is one of North America’s largest and most active hotel investors. Since October 2020, Mr. Wiles has also served as a member of the board of directors of Radisson Hospitality, Inc., the franchisor and management company that franchises the Radisson and Country Inn and Suites brands in the Americas.

Previously, while a Managing Partner at BPG Hospitality, Mr. Wiles’ duties included advising on the management of all of its operating teams including Development, Asset and Hotel Management and Finance. Mr. Wiles also served as a Managing Director of Legacy Thayer as well as its President and Chief Operating Officer. Bruce Wiles is one of three named principals of the current Legacy Thayer sponsored hotel investment funds. Mr. Wiles joined Legacy Thayer in May 2007. He is also a senior advisor to Thayer Ventures, a venture capital fund with a focus on travel and hospitality. Mr. Wiles also served as the Chief Executive Officer of Hotel Acquisition Company (“HAC”), a joint venture between Legacy Thayer and Jin Jiang International Hotel Group, China’s largest hotel company. Mr. Wiles served in this role from May 2010 through May 2016. HAC owned Interstate Hotels & Resorts, LLC (“Interstate”), a leading independent manager of hotels that also managed certain of our hotels until early in April 2017. Mr. Wiles was a member of the Board of Directors and the Lead Director of Interstate. HAC sold Interstate in May 2016, and Mr. Wiles then served as the Chief Executive Officer of the successor entity which held assets not conveyed in the sale of Interstate which were all sold as of December 2020.

Amy Lancaster

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Amy Lancaster has served as a director of Hospitality Investors Trust, Inc. since June 2021. Amy Lancaster is a Senior Vice President at Brookfield Asset Management (“Brookfield”) focusing on hotel portfolio management and capital markets. Ms. Lancaster has managed large hotel portfolio companies in her role at Brookfield. Prior to joining Brookfield, Ms. Lancaster was a Senior Vice President in the Hospitality Finance Group at Wells Fargo Bank where she was originating hospitality loans to leading real estate investment firms across the U.S. The bulk of Ms. Lancaster’s career was spent at Blackstone in the Real Estate Asset Management Group based in New York. During her 17-year tenure at Blackstone she managed over 13 hotel investments ranging from individual full-service hotels to portfolio companies comprised of over 500 hotels. Ms. Lancaster received a BS in Accounting from Villanova University.

Shai Zelering

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Shai Zelering has served as a director of Hospitality Investors Trust, Inc. since June 2021. Shai Zelering is a Managing Partner in Brookfield’s Real Estate Group, responsible for portfolio management activities for all hospitality properties in the U.S. Mr. Zelering has extensive experience as a hotel operator and oversees all relevant issues in channel distribution, brand positioning, value enhancement through capital projects and other key topics. Prior to joining Brookfield, Mr. Zelering worked for Thayer Lodging Group and Blackstone’s hotel operating platform, LXR Luxury Resorts and Hotels. Mr. Zelering holds an MBA from Northwestern University’s J.L. Kellogg Graduate School of Management and a BS from the School of Hotel Administration at Cornell University. Mr. Zelering serves on the Board of Directors for Center Parcs in the U.K.