Philip J. Capizzi - President/CFO
Philip, 48, has been President and Chief Financial Officer of CERCAP, Inc. since its inception in 2004. He is principally responsible for the financial management of CERCAP and is an active partner in the day to day operations of C & C Partners, the remodeling/construction division of CERCAP. Prior to the formation of CERCAP, Philip was Vice President of Asset Management and Acquisitions for Capitol Hotel Group, a Rockville, MD based affiliate of CRI, Inc. During his sixteen years with CRI and CHG, he acted on behalf of the General Partner, representing thousands of investors in limited partnerships and public funds that owned syndicated hotel investments throughout the United States. Some duties included refinancing, loan work outs, operations and capital budgeting, insurance claims, lawsuits, and a host of other owner related issues. Philip also spent his last four years actively exploring investment opportunities and seeking to purchase hotels on behalf of the principals of CRI and CHG. Before joining CRI in 1988, he held various property level management positions with major hotel chains in five states such as Sheraton, Holiday Inn, Hyatt, and Houston’s Restaurants, with a brief stint in corporate accounting with the Carey Winston Mortgage Banking Company in Friendship Heights, MD. Philip is a 1984 graduate of the Pennsylvania State University with a B.S. in Hotel, Restaurant & Institutional Management. Philip resides in Frederick with his wife Jody and their three children.