News for the Hospitality Executive
March 8, 2013 - Boston, MA – Pinnacle Advisory Group, Inc., now in its third decade of operation, is pleased to announce the expansion of its asset management and acquisition due diligence services. While Pinnacle has provided these services for more than 10 years, with the expansion of its practice to New York City, Los Angeles, and Tampa, the firm is now ideally positioned to serve clients on a national basis. The company’s longstanding reputation for excellence, which is rooted in the original cornerstone of its consulting practice, extends to asset management and acquisition due diligence.
Pinnacle provides third-party asset management services to a variety of clients nationally. Its portfolio of properties ranges from branded, full-service hotels to independent, luxury resorts and its clients include private equity firms, institutions of higher education and high net worth individuals. Pinnacle’s value enhancement approach to asset management focuses on identifying and elevating a property’s ability to drive value for the owner.
“We brought on Pinnacle as part of our team in conjunction with re-flagging a full-service hotel in the Ft. Lauderdale market. They provided valuable support and guidance during the course of a renovation and brand change and continue to assist in enhancing the value of the property on an on-going basis.” – Jeff Tapley, Long Wharf Real Estate Partners.
Acquisition Due Diligence
Pinnacle has completed numerous acquisition due diligence engagements for various clients, assisting in one-off hotel purchases as well as multi-property portfolio deals. Potential buyers have come to rely on Pinnacle’s extensive market-based experience during their due diligence, seeking out underwriting services and investment recommendations from Pinnacle’s seasoned team.
“We have used Pinnacle’s services for due diligence work on numerous occasions. We value their unbiased opinions and consider them to be an excellent resource to compliment our underwriting efforts.” – Eric Boyd, CrossHarbor Capital Partners.
“Our vast experience in markets across the country through our consulting work allows us to bring local market expertise to our asset management and due diligence clients,” say Rachel Roginsky, founder and principal of Pinnacle Advisory Group. “Combine that with the experience that our seasoned personnel has in operations, project management and consulting, and we have a team of highly qualified professionals to deliver asset management and due diligence services.”
Pinnacle Asset Mangement Principals and Team
The Pinnacle team consists of only seasoned professionals - most with more than 20 years of experience in the industry. Every member of the team has both diverse real-time operating experience and a degree from one of the nation's most prestigious hospitality programs.
Our Asset Management Team has collectively provided asset management services to more than 50 hotels, including independent luxury properties in resort destinations as well as branded full-service and limited-service hotels in urban and suburban locations. Our experience reaches across the major hotel brands and through diverse geographical locations.
About Pinnacle Advisory Group
Founded in 1991, Pinnacle (www.pinnacle-advisory.com) has been providing hotel advisory services for more than 20 years to a wide range of clients including the traditional players in the hospitality industry - investors, lenders and operators as well as the country's major real estate investment and development firms, pension funds, REITs, insurance companies.
Our team of experienced consultants have backgrounds in hotel operations, consulting and real estate appraisal.
Please visit our website at: www.pinnacle-advisory.com
Patricia A. Grant
Pinnacle Advisory Group
164 Canal Street - 5th Floor
Boston, MA 02114