E X E C U T I V E   T E A M


 

 

Sander Mednick, Esq.
Chairman & CEO

 


Mr. Mednick serves as Chairman and CEO of Milestone Capital Corporation, Milestone Hotel Partners, LLC, Milestone Hospitality Management, LLC and Milestone Development Group.  In 1996, Mr. Mednick, along with Michael L. Wachtell, formed Milestone Capital Corporation, and in 1999 its management and operating affiliate, Milestone Hospitality Management, LLC.  During his career and presently through the Milestone Group, Mr. Mednick has been involved in all aspects of financing, tax and transactional matters involving real estate with a value in excess of $1,000,000,000.  He has served as the chief strategic planner and project coordinator for numerous commercial and residential real estate projects located throughout the United States.  Mr. Mednick has lectured extensively in his areas of specialization to members of the legal community, and other professional and educational organizations. Mr. Mednick is an attorney, licensed to practice law in the States of Florida and Maryland, and in the District of Columbia.

During the past 35 years, Mr. Mednick has provided legal and business consultative services, with an emphasis on the hospitality industry and complex real estate transactions, to both private enterprise and governmental entities.  He has also represented a host of financial institutions and merchant banks.  For a period of three years, Mr. Mednick served as a consultant to the Federal Savings and Loan Corporation (“FSLIC”) and the Resolution Trust Corporation (“RTC”) with regard to complex real estate financing and loan “work-out” matters.

In 1987, Mr. Mednick assisted with the formation of Grand Heritage Hotels, Inc., a hotel acquisition, management and operating company headquartered in Annapolis, Maryland, subsequently acquired by Patriot American Hospitality, Inc. in 1997.  During the period 1989 through 1996, Mr. Mednick served as Senior Vice President and General Counsel of that company.  He helped oversee the development of Grand Heritage into a company which ultimately owned and operated and/or managed a portfolio of 17 historic hotel properties located throughout the United States, and which served as the worldwide sales and marketing representative of nearly 80 historic hotel properties located throughout the United Kingdom, Spain, France, Germany, Austria, Italy and the Middle East.  In particular, during this period, Mr. Mednick interacted extensively with banks and institutional lenders, and their management and legal counsel throughout the United States and Europe.  From 1987-1996, Mr. Mednick fulfilled his responsibilities to Grand Heritage through service at its corporate offices located in Annapolis, Maryland; London, England; and Paris, France.

Mr. Mednick received degrees in business administration from American University (B.S.B.A., 1970) and the University of Maryland (M.B.A., 1974); and in law from the University of Maryland (J.D., 1974) and Georgetown University (L.L.M., Taxation, 1979).  Mr. Mednick has served since 2001 on the Board of Directors of the University of Maryland Foundation, the authority that oversees fundraising and asset management for the 13 colleges comprising the University System of the State of Maryland.  He is a member of several of its committees, and further serves as Chairman of the “Special Transfers Committee”.

 
 
   
           
       
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