Fox joins the Ultima Hospitality team after leading Clarion Partners’ hospitality asset management division.

Diane has vast and varied experience in the many areas of hotel real estate. She has worked with and led business units in acquisitions, development, asset management, portfolio management and dispositions. As Senior Vice President of Asset Management, Fox will be directly responsible for Ultima Hospitality's entire portfolio management. Her efforts will include the creation and execution of annual business plans for each asset. She will be linked closely with Operations to provide guidance and assistance with development, property acquisitions and dispositions.

Ultima Hospitality, the hotel investment and management division of Waterton Associates, is a select and full service hotel owner and operator focused on identifying and executing value-add opportunities nationwide. As an approved operator of some of hospitality’s premier brands, Ultima focuses on creating the ultimate guest experience while maximizing total return on investment. Waterton Associates is headquartered in Chicago with seven regional offices in the United States and currently manages over $3.5 billion in real estate investments, including Ultima’s portfolio of 11 hotels. For a complete list of the company’s portfolio along with more information, please visit