Joe Tagliente '89
Joe Tagliente '89
CEO and Partner
Lenrock Management Group
Joseph D. Tagliente '89 is an independent entrepreneur who has achieved success in a variety of endeavors. Tagliente is a partner and principal of the Lenrock Management Group, a real estate investment and franchise advisory and incubation company, and the managing partner of Tage Associated Limited Partners, a private real estate investment trust.
Prior to co-founding Lenrock, Tagliente was president and CEO of the Tage Corporation, one of New England's leading hospitality companies. Under Tagliente's leadership, Tage grew from a small fast food restaurant operator founded by his father (Joseph P. Tagliente) into a multifaceted hospitality development and management corporation with operations in fast food (Burger King), full-service restaurants (Gold Fork), hotels, and hospitality construction and development.
In 1989, while still a student at the School of Hotel Administration (SHA), Tagliente conceived, designed, and developed the first of his company's hotels, the Tage Inn in Milford, Massachusetts, which he co-founded with Joseph Sr. The Tage Inn was an immediate success and grew to a portfolio of four properties throughout New England with over 500 rooms.
In 2000, Tagliente launched a calculated strategy for maximizing immediate cash returns, optimizing capital gains, and structuring long-term rental income for Tage shareholders, by divesting the Tage operating companies and consolidating all of the company's real estate assets into a series of connected limited-liability corporations that now form the private real estate investment trust Tage Associated Limited Partners (TALP). To do this, he negotiated the sale of the Tage Burger King portfolio to Burger King Corporation and structured ownership of long-term, triple-net leases (NNN) for the underlying properties. In 2004, Tagliente completed the sale of the Tage hotel portfolio to La Quinta Hotel Corporation (NYSE: LQI). This transaction also included ownership of 75-year, triple-net leases (NNN).
A graduate of SHA, Tagliente also holds an MBA from the Olin School of Business at Babson College, and is a member of YPO (Young Presidents Organization). He is a senior advisor to Spots, a startup that has launched the only experiential real-time search app; MAIDBOT, a startup that is building robots to clean hotel rooms; and NY Restaurant Concepts, operators of the Fat Sal's Deli chain. Tagliente also sits on the board of directors of Kitchen Brains, a hospitality technology company. He resides in Massachusetts.