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Waramaug Hospitality, one of the premier privately held hotel investors and asset managers in the U.S., announced today that current partner and principal Ferit Ferhangil will become its Chief Executive Officer, effective January 1. Ferhangil will succeed Leslie Ng, who will assume the position of Co-Vice Chairman and will focus on the company s acquisitions by leveraging his extensive contacts. In addition to Ng and Ferhangil, the company board will include Evren Unver as Co-Vice Chairman and Paul Nussbaum as Chairman.