 Washington,
DC � October 29, 2009 � Robert T. Koger, President of Molinaro Koger (MK),
announced today that Mark Morris has been promoted to Executive Vice President
of the firm. Mr. Morris is a 15-year veteran of MK which is one of the
world�s leading hotel real estate advisory, brokerage and capital markets
companies.
�I am pleased to recognize Mark�s significant, long-term contributions
to the company and our industry with this well-deserved promotion. As we
ramp up to meet increasing demand for our services, Mark�s relationships,
expertise and management are crucial,� said Mr. Koger, in announcing the
promotion. �During the past 15 years Mark has been central to Molinaro
Koger�s successful marketing of a wide array of hospitality assets. His
depth of contacts, organizational insight and grasp of economic opportunity
throughout every point in the cycle, all play vital roles in the growth
of our firm; meeting our clients� goals in times both rich and challenging.�
�It�s tremendously rewarding to have my contributions to the firm recognized with this promotion in title and scope of responsibilities,� remarked Mr. Morris. �Clearly, joining Rob and MK 15 years ago was a fortuitous career decision. No other hotel brokerage or advisory firm can point to such impressive growth over the past two decades. It is very satisfying to play a key role in the company�s forward momentum, particularly so in this year, which many call the most challenging times ever experienced in hospitality and investment. �Because of my long-term experience I am aware that hotel investment will once again be the sought after real estate segment. The transactions that I am putting together now will likely become the best investments my clients ever make. To have that opportunity provides unparalleled satisfaction,� commented Mr. Morris. Mark Morris�s clients include an impressive roster of public companies, private investors, institutional owners and banks. His recent single-asset and portfolio lodging transactions involved Marriott, Hyatt, Starwood and Hilton-branded properties located throughout the United States. Notable transactions include the Fairview Park Marriott, Embassy Suites Center City Philadelphia, Hyatt Hotel Dulles Airport, several portfolio sales, Residence Inns and Courtyards. He was also involved in the sale of the Mayflower Inn & Spa, a five-diamond destination spa which recorded one of the highest prices per room nationwide in 2007. Mark�s career during the last 25 years has spanned a wide range of real estate investment and development. Mr. Morris holds a Bachelor of Science degree in finance from Syracuse University, and is credentialed as a Certified Hotel Broker (CHB) through the Hotel School of Cornell University. Among his career highlights, he earned salesman of the year from Hotel Brokers International for five consecutive years. Contact Mark Morris at 703.760.9600 and [email protected].
ABOUT MOLINARO KOGER Founded in 1959, Molinaro Koger (MK) is the world�s leading hotel-exclusive real estate brokerage, advisory and capital markets firm. MK provides clients with unparalleled service and commitment. During the past four decades the company has closed more than $15 billion in hotel property sales. Headquartered in Washington, DC, MK�s offices are located in Atlanta, Chicago, Cincinnati, Dallas, Los Angeles, New York, Phoenix, San Francisco, London, Mumbai, Beijing, and Shanghai. MK structures transactions of luxury hotels and resorts, in addition to urban and mid-scale properties throughout the Americas, Europe, India, China and the Middle East. The firm closes, on average, more than 75 hotel transactions each year. Each member of the MK team possesses a unique perspective and invaluable insight. Together they have leading-edge expertise in every aspect of the hospitality business. For further information about this transaction and current hotel property offerings, please contact MK at 703.760.9600 or visit www.mkhotels.com. |
