Hotel Online  Special Report

 
Molinaro Koger Welcomes Industry Veteran
David Altobello as Vice President

 

Washington, DC – August 7, 2006 – Molinaro Koger (MK) announced today that hospitality industry veteran, David Altobello has joined the firm in the position of Vice President. 

“David’s skills in hospitality industry operations and financial management are exceptional. By putting these remarkable skills to work within the sphere of hotel brokerage and capital deployment we believe David will find tremendous success,” said Robert T. Koger, President of the company, in announcing that Mr. Altobello had joined MK. “Additionally, David’s industry and investor contacts will undoubtedly benefit MK’s clients by furthering their investment goals.”

“I am delighted to join MK and put my skills to work on behalf of client interests," said Mr. Altobello. "I believe my background in real estate valuation, contractual agreements, and a continuous dedication to customer satisfaction position me to further enhance MK’s service track record."

Mr. Altobello has moved rapidly into brokerage. He already has several transactions in the works, including assignments for such clients as Marriott, Starwood and JER Partners.

Prior to joining MK, Mr. Altobello served as a Financial Director for Marriott International where he managed transaction due diligence, closing, and post-closing components for internal groups and owners. His close partnership with Marriott’s internal transaction team ensured all contract provisions were advantageously structured for the company. During his career Mr. Altobello has been instrumental in more than $750 million in real estate transactions.

Mr. Altobello’s base of operations is at MK’s metro Washington, DC office. David Altobello can be contacted at 1676 International Drive, Suite 575, McLean, VA 22102; 703.760.9600 or daltobello@mkhotels.com.

About Molinaro Koger
.

.
Molinaro Koger (MK) is an international hotel real estate brokerage, advisory and capital markets firm. The company structures hotel transactions of boutique through luxury market segment assets throughout the world. MK is headquartered in metro-Washington, DC, and has offices in London, Atlanta, Beijing, Chicago, Cincinnati, Dallas, Los Angeles, Phoenix, San Francisco and Shanghai. MK is the only brokerage to have captured each of the highest awards issued by Hotel Brokers International, Highest Volume, Largest Transaction, Broker of the Year, and Salesman of the Year, for five consecutive years.

Founded in 1959, MK successfully markets hotel real estate, sponsors limited partnerships, and arranges financing for clients. Given the cyclical nature of real estate, the firm has weathered an array of highs and lows during the course of its 47-year history. Through this time, the company has grown and assisted clients in achieving their investment goals.

“With each lodging real estate cycle we gather strength, expertise and contacts enabling us to better serve the best interests of our clients, regardless of economic cycles,” says President Robert Koger. “The results we achieve are directly attributable to the commitment and expertise of our professional staff.”

MK can be accessed online at www.mkhotels.com.

###
Contact:

Sharon Lemon
slemon@mkhotels.com
+1.651.324.8469 


 
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