PE-backed The Parking Spot hires Foland as president and CEO

The Parking Spot, which is backed by Green Courte Partners LLC, has named Jeff Foland as president and CEO. Foland’s background includes various senior roles at United Airlines Inc. Based in Chicago, The Parking Spot is an off-airport parking company.

PRESS RELEASE

CHICAGO, Nov. 13, 2018 /PRNewswire/ — Green Courte Partners, LLC (“Green Courte”), a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that it has hired Jeff Foland as the new President and Chief Executive Officer of The Parking Spot. Mr. Foland will also join Green Courte as a Managing Director. The Parking Spot, which is owned by a subsidiary of Green Courte’s third investment fund and manages assets owned by affiliates of Green Courte’s third and fourth investment funds, is the nation’s largest owner and operator of near-airport parking facilities.

Mr. Foland is an accomplished leader with deep experience in the travel industry, having served in various senior roles at United Airlines, Inc., including Chief Marketing and Strategy Officer, Executive Vice President of Marketing, Technology and Strategy, Executive Vice President of Loyalty, and Senior Vice President of Worldwide Marketing, Sales and Distribution, and more recently at Hertz Global Holdings, Inc. as Executive Vice President and Chief Revenue Officer.

Prior to his tenure with United and Hertz, Mr. Foland was a Principal at ZS Associates, a management consulting firm. He is a board member of Lasalle Hotel Properties, a publicly traded REIT that owns and operates hotels.

As the Chief Executive Officer of The Parking Spot, Mr. Foland will oversee all aspects of the company, including strategic planning, revenue management, sales and marketing, and customer loyalty and experience, as well as the day-to-day operations of 39 properties located at 22 major airports.

Commenting on his new role, Mr. Foland noted, “I am honored to be joining such a great business and team. The Parking Spot has an exceptional history of growth and hospitality, and I look forward to building on that foundation as we drive toward our full potential.”

David Lentz, Green Courte’s Chief Executive Officer and Chairman of The Parking Spot, stated, “We are thrilled that Jeff will be applying his exceptional track record and deep experience in travel and hospitality to our best-in-class near-airport parking business. He is uniquely qualified to lead The Parking Spot as we continue to implement innovative approaches to revenue management and enhance the exceptional customer experience that is essential to our hospitality-focused brand.”

Randy Rowe, Green Courte’s Chairman, added, “We are excited to have Jeff on board not just at The Parking Spot, but also as a key partner at Green Courte. With his broad background driving revenue growth and leveraging technology to create new revenue streams and improve the customer experience, we look forward to his contributions both as the leader of our largest operating platform and across our broader portfolio of businesses.”

About Green Courte Partners, LLC
Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, including near-airport parking facilities, land-lease communities, and active adult/independent senior living properties. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at www.GreenCourtePartners.com.