REH Capital Partners LLC will start with two offices, in Fort Lauderdale and Stamford, CT. Nardozza is chairman and chief executive officer and will head the Fort Lauderdale office.

Partner Jim Fitzgerald, a 25-year veteran of the real estate and hospitality industries, will head the Stamford office and serve as chief investment officer.

"Our immediate focus, will be on making principal investments together with other private equity sources in turn around hotel and resort opportunities throughout the U.S., as well as providing consulting advisory services to owners and lenders of troubled real estate and hospitality assets and companies," Nardozza says in a prepared statement.

Nardozza has more than 25 years of diversified consulting and advisory experience in market and business strategy, financial management, and operations within the real estate and hospitality industries.

He is the founding chairperson of the U.S. Lodging Industry Investment Council and a member of the executive advisory board of the Real Estate School of the College of Business at Florida State University.

Fitzgerald most recently was managing director of transaction services for a major accounting/advisory services firm in New York. He has more than 25 years of real estate and hospitality experience, including senior management positions in acquisitions, finance and asset management with Marriott, Omni, and AIG.

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