PHOENIX, AZ -- May 23, 2012 –Warnick + Company, one of the world’s leading hospitality asset management and advisory firms, has further expanded its presence with the opening of a fifth U.S. office in Minneapolis, Minn.  With offices in Los Angeles, Chicago and New York, the newest location adds to the Phoenix, Ariz.-based company’s growing national presence.

Chad Sorensen has been named Principal overseeing all operations of the new office.  Sorensen was a founding member of Warnick + Company’s Chicago office over a decade ago.  Since joining the firm, Sorensen has focused on asset management, troubled property turnarounds, transition management services, and improving the performance of hotels and resorts owned and/or financed by the firm’s clients.  Founding partner, Rich Warnick, said, “Chad has been instrumental in our successful evolution to being the best hotel operational advisory group in the lodging industry and a preeminent asset management firm.  We are thrilled to have him as a partner as we continue our growth in these increasingly important sectors of our business.”

Joining Warnick in making the announcement, Sorensen added, “I’m extremely proud to be recognized as a partner with Warnick + Company and look forward to working with the Warnick team as we solidify our position as the industry’s premier hospitality asset management and advisory services firm.  The economic turmoil of the past several years has led to unprecedented challenges for the industry and we continue to find great success in leveraging our expertise to assist lodging investors and lenders optimize their opportunities within the sector.”

Sorensen, an active member of the International Society of Hospitality Consultants (“ISHC”) and the Hotel Asset Managers Association (“HAMA”), holds an MBA from The University of Illinois and a BS in Hotel Restaurant & Institutional Management from Iowa State University.  He was formerly with Hyatt Hotels & Resorts and E&Y’s hospitality consulting group in Chicago.

Warnick + Company is an asset management and strategic advisory firm that creates opportunities and value-enhancing solutions in lodging and recreational real estate for clients worldwide.

The Minneapolis office is located at 100 South 5th Street, Suite 1900, Minneapolis, MN 55402 tel. (952) 856-4945.  Chad Sorensen may be contacted at [email protected]