 Atlanta,
Georgia � April 6, 2010 � Molinaro Koger (MK) announced today that Mark
Rousseau, formerly President of Real Estate for Hardage Suite Hotels, has
joined Molinaro Koger�s brokerage team as Senior Vice President.
One of the hospitality industry�s most accomplished real estate executives,
Mr. Rousseau is based at the firm�s Atlanta office.
�Mark is a truly exceptional addition to Molinaro Koger,� said Robert T. Koger, President of Molinaro Koger, in making the announcement. �His extensive accomplishments acquiring and developing hospitality real estate projects will considerably benefit our clients and assist them in achieving their investment goals. Mark�s ability to assess opportunities from the investor perspective, combined with his depth of finance, real estate, and hospitality industry contacts, ensure him success as a broker and advisor,� remarked Mr. Koger. Prior to joining Molinaro Koger, Mr. Rousseau served as President of Hardage Suite Hotels, the real estate ownership and development arm of the Woodfin Suite and Chase Suite hotel brands. In this capacity, Mr. Rousseau created and implemented all real estate and brand strategy. Under his direction Hardage Suite Hotels completed a major refinancing, restructuring, and repositioning of its portfolio, which included expansion of the upscale, full-service suite hotel product through ground-up development funded by the company, in conjunction with joint venture partners, and via franchise relationships. �I am pleased to join Molinaro Koger, and direct my abilities to assist our clients with their investment objectives at this crucial juncture for our industry," said Mr. Rousseau. Although he agrees that some might view the current environment as an inauspicious time to enter the brokerage business, Mr. Rousseau takes a strongly contrarian view. �The past 18 months have been challenging times for everyone in the hospitality business. We know that the worst is behind us and we are at the front end of some significant opportunities in the hospitality space. With Molinaro Koger, I have the benefit of a tremendous platform that allows our investors to take advantage of these opportunities. �I have had the good fortune to direct optimal investments and development at propitious time frames in other cycles. As part of Molinaro Koger I am enthusiastic to use my skills and insights to assist our clients in identifying and capitalizing on acquisitions and dispositions in this unique environment,� concluded Mr. Rousseau. Mark Rousseau can be reached at 3455 Peachtree Drive NE, Suite 500,
Atlanta, GA 30326; 404.995.7044 or [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 the transactions of luxury hotels and resorts, as well as 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. |
