Chief Executive Officer
Mr. Schiffer was the Co-Chief Executive Officer and a principal owner of Love Savings Holding Company, and Chairman of Heartland Bank and Love Funding Corporation, prior to Midland States Bancorp’s acquisition of those entities at which he is now on the Board of Directors. He is also President and Co-Chief Executive Officer of Hallmark Investment Corporation, a multi-purpose investment company, and Chairman and CEO of Allegro Senior Living, a developer, owner and operator of senior housing that was formerly a joint venture partner with Almanac Realty Investors (formerly the Rothschild Group), an international investment firm. Over the past four decades, Mr. Schiffer has directed the development, ownership, acquisition, and management of commercial real estate properties including institutional quality office, hotel, retail, industrial, apartment, and senior housing properties. Mr. Schiffer holds a B.S. in Business Administration from Washington University in St. Louis, Missouri.
Joseph Ruggeri is President of LHMC, a division of Love Savings Holding Company. Mr. Ruggeri has over 30 years of experience in hospitality sales, operations and project management. He has served in a variety of positions throughout his career, including hotel operations, sales and food and beverage services for multiple upscale hotels. Prior to joining LHMC, Mr. Ruggeri served as General Manager with Interstate Hotels and Resorts, Regional Vice President of Operations for LHM, Inc. and Vice President of Operations for 2790 Crossroads Hospitality.
Senior Vice President, Business Development
Mr. Schiffer brings over 25 years of experience in real estate development and operations. He has served in numerous positions within the industry, including hotel operations, asset management, finance, sales and food and beverage for several global companies, including The Ritz Carlton, Marriott, Choice and InterContinental Hotels. He enjoys an impressive track record of property management, finance, development and construction of new properties with an emphasis on acquiring & developing assets across the country. Experiences include business development, land acquisition, financing, distressed asset receivership appointments and other related hospitality activities.
Director of Revenue
Mr. DeCosty presently oversees the revenue management and sales focus for the newly acquired hotels within the Love Hotel Management Company portfolio. He has been involved in the sales and revenues of the hotel industry, both at the property and regional level, for the past 17 years. Having worked for 5 years at LHMC, Mr. DeCosty has acquired extensive sales and revenue practices from several brands such as IHG, Wyndham, and received the 2009 Turning Point Award from Intercontinental Hotel Group (IHG) as well as awards for Highest RevPar growth, IHG Newcomer Hotel Award and recipient of the Crowne Plaza “Best of the Best” Director of Revenue award.
Senior Vice President, Finance
Gloria Clement is the Senior Vice President of Finance for Love Real Estate Company, the parent company of LHMC. She has over 38 years of experience with Love Real Estate Company in financial services, including accounting, audit and income tax, payroll and benefits and risk management. Her experience spans a multi-state environment, a breadth of ownership forms, and a wide variety of real estate investments. Her career includes managing the accounting, tax personnel and insurance issues associated with acquisitions, disposals, management takeovers and development projects.
Annette Kovarik is the Controller for Love Hotel Management Company. Annette has over 25 years of accounting experience with the Love Companies including hotel and real estate management accounting. Annette's accounting skills include monitoring of financial activities, cash management, financial analysis, reporting, construction project management, supervision of accounting staff and facilitation of the accounting system management. Annette is responsible for implementation of internal control policies and procedures and compliance with reporting to regulatory agencies. Annette is a CPA and has a Bachelor's degree from the University of Missouri, St Louis, with an emphasis in accounting.