Hotel Online Press Releases 

Insignia/ESG Hotel Parners Taps McConnell
for Key Capital Markets Spot
New York, NY, June 15, 1998 -- Russell D. Urban, Executive Director, Capital Markets for Insignia/ESG Hotel Partners, Inc., is pleased to announce that Thomas McConnell has joined the firm as Senior Managing Director in the New York office.  McConnell will work closely with Allen Toman and William Waldron in the procurement of equity and debt for hospitality-related real estate, investment advisory, asset management and other related services.

McConnell's experience in the hospitality industry spans nearly two decades.  He has held advisory and consulting roles in market and economic analysis of hotel investments, valuation, management contracts, finance and hotel company transactions.

McConnell joins Insignia/ESG Hotel Partners from Arthur Andersen LLP, where he was director of  Hospitality Consulting Services in the firm's New York City office.  Previously, he held senior positions with Kenneth Leventhal & Company and Laventhol & Horwath.  McConnell is a graduate of Brown University and Cornell University's School of Hotel Administration,
where he received his MPS.

According to Urban, the addition of McConnell to the firm's New York operations heightens Insignia's commitment to being a full-service real estate source for hotels worldwide.

McConnell's experience in New York City and his long list of national and international clients merges seamlessly with Insignia/ESG Hotel Partners' myriad high profile local, national and international assignments.  McConnell's New York City consulting experience includes work on many recent major hotel development projects and transactions, including the New York Coliseum project, The Plaza Hotel and the hospitality component of Battery Park City.  His client base includes the Trump Organization, NorthStar Capital, Prince al Waleed bin Talal bin Abdul Aziz, Mandarin Hotels and the Related Companies, as well as most major Wall Street institutions such as DLJ, CS First Boston, Nomura Capital, CIBC, Citicorp
and others.  Internationally, he has performed advisory functions for hotel transactions throughout Europe, the Caribbean, Asia and the Middle East.

Insignia/ESG is one of the largest commercial real estate services providers in the United States, with comprehensive brokerage, consulting, investment sales, property management and debt placement operations in many of America's top markets.  Insignia/ESG is a subsidiary of Insignia Financial Group, Inc., one of the largest fully integrated real estate services
firm in the United States.  Insignia Financial Group is listed on the New York Stock Exchange under the symbol "IFS."

Insignia/ESG Hotel Partners is part of Insignia/ESG's Capital Advisors Group, which focuses on investment sales and debt financing for major properties of all types. Insignia/ESG Hotel Partners is a leading full service real estate group for the hospitality industry worldwide, with brokerage, debt and equity financing and asset management operations in eight US and five overseas offices, including Atlanta, Boston, Chicago, Dallas, Frankfurt, Hong Kong, Honolulu, London, Los Angeles, Miami, New York, Singapore and Tokyo.

Jim Burba
Kurt Lindsey

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