“Progress lies not in enhancing what is, but in advancing toward what will be.”Khalil Gibran
Aly-khan Merali is the President and Chief Financial Officer of Turnberry. Merali, who originally joined the company in 2013, directs all capital market activities, development, acquisitions, and joint ventures relating to Turnberry’s multi-billion-dollar portfolio of hospitality, retail, residential, and mixed-use assets. In addition, he oversees the finance, accounting, legal and asset management divisions of the company. To date, Merali’s transactions on behalf of Turnberry are in excess of $8 billion.
Merali has over 25 years of real estate investing and operations experience. During the course of his career, Merali has held various leadership positions in diverse real estate development companies. In 2020, he stepped back from his day-to-day role at Turnberry for a year to serve as President and Managing Partner of Stonebridge Companies, an owner, developer, and operator of select and full-service hotels across the country. From 2006 to 2013, he was Executive Vice President and Head of Acquisitions for Gencom Group, a Florida-based hotel investment and development platform with a portfolio of assets that spanned North America, Europe and the Caribbean. Prior to that, Merali worked and lived internationally while maintaining leadership and, at times, ownership positions in real estate-based companies in the United Kingdom, Canada, and East Africa in the industrial and manufacturing, senior living, office, and resort property sectors.
Merali serves on the Urban Land Institute’s Urban Development and Mixed-Use Council. He is a member of the American Hotel & Lodging Association Investment Roundtable and sits on its Management Company Committee. He is also an active member of the Rocky Mountain chapter of Young Presidents Organization. He previously served on the West Virginia University Hospitality Advisory Council, and the Renaissance Hotels, ALOFT and Homewood Suites Franchise Advisory Councils. Merali earned a Bachelor of Business Administration degree from Simon Fraser University in Canada and a master’s degree with a focus in real estate finance from the School of Hotel Administration at Cornell University. While at Cornell, Merali was a Dean’s List student and the Vice President of the Associate Real Estate Council. He also served as a member of the Cornell Hotel School’s Young Advisory Council.