�Our venture with Torto Wheaton Research is consistent with our strategy of partnering with firms that possess industry-leading core competencies� stated Mark Woodworth, Executive Managing Director of HRG.  �The proven, objective methods developed by TWR, combined with HRG�s extensive lodging expertise and warehouse of proprietary data, enables us to provide products and services that will yield enhanced value to virtually all industry participants�.
 

According to Raymond G. Torto, Principal and Managing Director of Torto Wheaton Research, �The partnership with HRG, a long standing leader in the hotel consulting field, along with Torto Wheaton Research�s state of the art econometric forecasting, will provide a scientifically-driven look into the future, previously unavailable for MSA markets.� HRG provides financial and statistical reports on the

Raymond G. Torto Principal and Managing Director  Torto Wheaton Research

In addition to custom research, HRG is developing a series of proprietary research tools for the hotel real estate market.  Products currently available include Benchmarker, a program for comparing a hotel�s operational performance to comparable hotels, and Price Ranger, a program for determining a hotel�s value when compared to similar properties.  HRG product development is under the supervision of Jack Corgel, Ph.D, formerly the Director of the Center for Hospitality Research at Cornell University.

Torto Wheaton Research utilizes sophisticated forecasting methods and proven technology, combining current academic theory with practical applications for debt and equity consulting in public and private real estate settings.  The firm was founded in 1982 by a partnership between the two principals, economists Raymond G. Torto, Ph.D., CRE and William C. Wheaton, Ph.D., who have helped shape the field of real estate economics in academic and business arenas.