Jim joined Grove Street Partners in January 2007 as a partner with the firm, leading hotel finance and development efforts.
Jim's 28-year career in hotel development and finance began at Marriott Corp. and has included positions as CFO of Stormont Trice Corp., president of Stormont Hospitality Group LLC and executive vice president of Noble Investment Group LLC.
Throughout his hotel career, Jim has gained invaluable experience in all aspects of the development, operation and ownership of hotels, conference centers and resorts. He has played an instrumental role in the successful structuring, finance and development of hotel, conference center and resort properties totaling more than $700 million. A majority of these hospitality projects have involved structuring economically viable, complex public/private partnerships requiring extensive legal and financial negotiations.
An Atlanta, Ga., resident, Jim has an Economics degree from Middlebury College and an MBA in Finance from Cornell University's Johnson Graduate School of Management. He is on the board of Atlanta Country Club where he plays to a scratch handicap.
Case Studies of some of Mr. Stormont's previous public-private hotel projects are available as shown below:
750 room Baltimore Marriott
134 room Brasstown Valley Resort
300 room Franklin Marriott
300 room Wichita Hyatt
400 room Norfolk Marriott
250 room Portsmouth Renaissance
300 room Sugarland Marriott