The Palmyra Resort & Spa appoints new Chief Executive Officer.
ROSE HALL, JAMAICA (September 1st, 2009) -The Palmyra Resort & Spa at Rose Hall today announces the appointment of Mr. Markus Deutsch of Landmark Global Associates to manage The Palmyra Resort and Spa. Appointed to lead the project to completion and an opening planned for late 2009, Mr. Deutsch has already been involved in the function of strategic consultant to the developer's group over the last 6 months. Comments Robert T. Trotta, developer of The Palmyra: "Mr. Deutsch is assuming the responsibilities previously held by former Palmyra President Dennis Constanzo with immediate effect and we are delighted to welcome him to the team."
Mr. Deutsch is the former President and CEO of Cendant's Vacation Rental Group (VRG), a $1.2 billion gross revenue company which he built from a concept developed in 1999. VRG is a micro-branded e-commerce & real estate business, which is now part of Wyndham Worldwide, servicing 45,000 real estate investors, 60,000 properties located in 22 countries. Prior to this, he served in the position of Managing Director of Cendant's travel membership business and hotel franchising business in Europe, Middle East, Africa and Asia. Mr. Deutsch led acquisitions of 14 companies during his tenure. Previously Mr. Deutsch was an interim CEO managing a divestiture for a Sony/Polygram joint venture as well as a partner in a firm which owned an investment in a venture leasing company.
Mr. Deutsch received his bachelor's degree with honors in Economics from Hamilton College and an MBA from New York University and started his professional career with several positions at Citibank. He is a member of the Institute of Directors in London and an advisor to the NYU Center of Entrepreneurship. He will continue to serve as an active board member at Melville Holding Ltd (e-waterways), Rockefeller Consulting Group and Landmark Global Associates. States Mr. Trotta: "Mr. Deutsch brings a wealth of experience from the hospitality and finance industry to The Palmyra, and he will play a key role in the opening of The Palmyra resort as well as the continued development of ‘Celebration Jamaica'".