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Hotel Brokerage and Investment Banking Firm, HREC Investment Advisors sm |
Denver, CO:November 3, 2002 - Industry deal veteran, Geoff Davis, has
teamed with Denver based Hospitality Real Estate Counselors, Inc. ®
(�HREC ® �) to form HREC Investment Advisors, a hotel industry brokerage
and investment banking firm. Geoff Davis and Mike Cahill (President/Founder
of HREC) are principals in the new firm.
HREC Investment Advisors will continue to focus on the traditional sale of hotel and resort assets, but is also currently active in refinancing debt on a number of existing hotels, placing debt and equity on hotel development projects, and in the equity recapitalization of a number of hotel portfolios, including arranging equity joint ventures, and placing mezzanine debt and equity on both existing and proposed hotel projects. In commenting on the new firm, Geoff Davis stated, �In HREC and Mike Cahill, I found a hotel advisory group with a tremendous reputation for integrity, knowledge of our industry and an understanding of what happens below the net income line, in that hotels exist to make a profit and are both real estate and an operating business. As such, investment advisors such as our firm must have the expertise and experience to assist our clients in navigating through the complex world of capital markets, understand how ownership issues affect value, and be able to use that knowledge to maximize value and returns for our clients.� Mike Cahill, MAI, CHA, President of Hospitality Real Estate Counselors, Inc. states, �I am thrilled to be partners with Geoff in HREC Investment Advisors. Geoff is nationally recognized as one of the lodging industry�s premier brokers and has a strong history of maximizing value for his clients and getting the deal closed.� Key areas of focus for HREC Investment Advisors include:
Hospitality Real Estate Counselors (�HREC ® �) is one of the nation�s premier real estate advisory organizations and specializes exclusively in the lodging and gaming industries. HREC is comprised of three closely integrated business units (Hospitality Real Estate Counselors, Inc. ® , HREC Investment Advisors, HREC Asset Management) that work in a synergistic, team-oriented manner to offer unparalleled experience, intellectual capital and creative problem solving to its clients. |
HREC Investment Advisors [email protected] Michael Cahill, MAI, CHA President
6444 South Quebec Street, Suite 212
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