Extended-stay hotel developer and property management firm MXR Hospitality has made two notable appointments. Dawne Brado is the company’s inaugural vice president, development, and Valerie Bolton is its inaugural executive vice president, human resources.
MXR is a partnership of RREAF Holdings—a privately held, vertically integrated real estate investment and development firm—and hospitality investor Phillip McNeill, Sr. MXR Hospitality CEO Brent McDowell and President Eric Watts announced the appointments.
Dawne Brado
As vice president, development, Brado will support construction funding management and processing across the MXR portfolio.
Before joining MXR Hospitality, Brado spent more than eight years on the construction-lending side of commercial real estate, including helping manage a $200+ million construction loan portfolio. Before her banking career, Brado worked at a well-known Dallas-based law firm, where she prepared loan documents for closings and drafted materials related to loan restructurings, workouts, and foreclosures.
“Dawne has great experience and accomplishments in construction loan administration for commercial real estate. She is a great team player who will develop the framework for our construction funding management and processing as we grow the MXR platform,” McDowell and Watts said in a statement.
“This is an exciting hospitality platform that includes new development along with third-party property management, as RREAF Holdings joins forces with the McNeill team. I’m proud to be selected for this new responsibility and welcome the challenge,” Brado said.
Valerie Bolton
As a member of MXR Hospitality’s leadership team, Bolton will lead multidisciplinary projects while designing and implementing strategic and tactical Human Resources competencies to align the business with the needs of MXR Hospitality’s associates.
Prior to joining MXR Hospitality, Bolton served as Executive Vice President of Human Resources at McNeill Hotel Company, where she implemented the structure for a strong organizational culture and helped cultivate high-performing teams through thoughtful and effective human resources programs and practices. Bolton has also worked for Bowlmor-AMF as a Director of Talent Acquisition, and Pillar Hotel Resorts where she was one of two recruiters responsible for finding talent among 200 hotels.
Bolton received a B.S. from the University of North Texas and holds a Senior Certified Professional Certification through the Society of Human Resources.
“Valerie has remarkable abilities in being able to convert business vision into human resources initiatives that encourage commitment and performance from hospitality teams, as well as profitability and growth for property management companies and investors,” McDowell and Watts said.
“I look forward to working at MXR Hospitality with impressive leaders from RREAF Holdings and McNeill who appreciate the role of human resources in driving organizational excellence, including team member performance, development and retention,” Bolton said.