Darryl Schulte, Jr
Darryl Schulte is a third generation hotelier. Being an entrepreneur at heart, Darryl decided to build upon his family’s knowledge of the hotel business and form the Schulte Hospitality Group with his father and brother in 1999. Since then Schulte Hospitality has grown to encompass all aspects of hotel management, development and financing. Through Darryl’s leadership and staunch commitment to the company’s core values, he has successfully grown the company from its first management agreement in Detroit, Michigan to over 24 properties in 11 states, with ownership interest in 11 of the hotels. Darryl continues to lead Schulte Hospitality’s growth through its key institutional partners, Starwood Capital Group and Apple REIT, as well as its various independent owner and investor groups. Darryl believes that the relationships he creates and nurtures are the company’s most valuable asset. Prior to forming Schulte Hospitality Group, Darryl started his career in hospitality as General Manager of various franchised hotels in California, Kansas, Missouri and Illinois. He quickly moved from hotel operations to hotel development becoming a pre-opening, development and construction specialist where he worked closely with developers, general contractors, franchisors, and financial institutions to ensure timely delivery of a quality finished product. Darryl’s professional achievements include developing and financing more than $400MM in hotel real-estate transactions, the successful formation and sale of Summit Real Estate Group, a real estate investment company that developed over 8 million square feet of mixed use space in the greater Chicago land area from 2001-2006, and the formation of a $500MM joint-venture with Starwood Capital Group which is still active today in the hotel space. Darryl resides in Louisville, Kentucky with his wife and five beautiful daughters. Darryl is a board member of Calvary Christian Center. Together with four others, Darryl has started an organization called Mission 1:27 to provide orphan care and adoption advocacy. Darryl has been recognized as General Manager of the Year and Top 50 Hotel Companies in the U.S.