Founder and Chairman of the Garrett Hotel
Group, David Garrett works primarily on the acquisition, development, and
financing of small, world-class hotels for the company’s portfolio.
Mr. Garrett received his degree in Business
Administration, with a minor in Economics, at the University of North
Carolina in 1966, with further study at the Sorbonne in Paris. Entering the
business world, Mr. Garrett began his career in the investment business at
Walston & Company, joining Moseley Securities in 1973, an old-line Boston
investment-banking firm. In 1975, he was elected Vice-President and
appointed Branch Manager, the youngest in the company’s 150-year history to
receive such recognition.
At Moseley, Mr. Garrett founded and directed
the National Training Department, serving as New England Regional Sales
Manager and National Retail Sales Manager. He was elected to the Board of
Directors of Moseley, Hallgarten & Estabrook in 1979, thereafter becoming a
member of the firm’s Advisory Board and Investment Policy Committee. In
1983, Mr. Garrett relocated to Vermont to oversee the expansion of Moseley’s
Vermont branch system and to work more closely with his private clients.
In March 1988, Moseley’s Board of Directors
elected to sell the firm, and Mr. Garrett negotiated the sale of Moseley’s
Vermont branch offices to First Albany Corporation, where he stayed on to
oversee the company’s Vermont operations. In June of 1990, Mr. Garrett
stepped down from his position at First Albany to develop his hotel
interests, retiring from the securities industry in 1994.
At Moseley, Mr. Garrett founded the Black
Willow Investment Company where he later became co-founder of The Vermont
Teddy Bear Company, which issued an IPO in 1993. The Garrett Hotel Group,
formed in 1985, was born of the Black Willow Company’s desire to develop a
holding of small, world-class hotels.
Mr. Garrett has been a member of the North
American Board of Directors of the pre-eminent hotel association Relais &
Chateaux since 1987, during which time he has helped build an awareness of
the association internationally and promoted North American membership. In
2001, he was named president of Relais & Chateaux and Relais Gourmands of
North America, an international association comprising 51 of the finest
hotels and 11 of the most prestigious restaurants in the hemisphere,
dedicated to providing the highest standards of service, elegance, and
charm.