After earning a B.A. degree in Philosophy from Colby College in 1974, and a Master Degree in Social Science in 1977 from University of Chicago, he worked for Premium Distributors, one of the largest beer distributors on the West Coast, first in convenience store sales, then Key Account Sales, and became VP/General Manager in 1980.
In 1983, he formed Fortune Company, a business brokerage firm specializing in the sale of hotels, motels, gas stations, and truck stops.
In 1995, Albert founded Fortune Oil Company, a fuel distribution company which pioneered the return of the Shell brand to the Northwest in 1996. Fortune Oil also represented Exxon, 66, and Tesoro brands and developed the proprietary brand called Gasco. As a large regional jobber, Mr. Rosellini also developed, owned, and operated convenience store, carwashes, and truck stops throughout the Northwest.
During this time, Mr. Rosellini came to realize that the same buyers that bought Fortune’s gas stations listings were interested in another particular kind of investment opportunity as well – hotels and motels. Therefore, he began to compile statistics on hospitality sales in the Northwest, developed valuation guidelines, created unique and proprietary databases of hotel/motel owners and buyers, and most of important of all, cultivated an ongoing array of quality listings.
Mr. Rosellini learned early in his career selling investment opportunities that the critical part of any deal was not getting the buyer and seller to sign on the dotted line, but was rather the closing of the transaction which usually revolved around financing issues. For 25 years, he has been working with lenders, appraisers, and environmental consultants trying to refine the financing process. Seeing an opportunity for a nimble lender deeply experienced in financing properties of this type, Albert helped found Fortune Bank in 2006, a commercial business bank based in Seattle, Washington with a strong niche in government guaranteed loans.