The first runner-up for Broker of the Year was John Karver, also a senior managing director in the Chicago office.  Only in his second year in the transactions side of the business, having come to the firm from Omni Hotels, Karver had an extremely successful year.  His transactions in 1998 included the sale of a golf resort in Michigan and the Westin Carambola on St. Croix in the Virgin Islands.

The second runners-up for Broker of the Year were Tom Ives, managing director in the Atlanta office, and James (JJ) Johnson, managing director in the Chicago office.  Highlights of Ives' activity in 1998 included the sale of a Florida resort and a portfolio of hotels and restaurants in the Southeast.  Johnson continued his very successful track record, selling over 15 economy and mid-market properties primarily in the Midwest.  The diversity of product sold by all the award recipients underscores Insignia/ESG Hotel Partners' focus on serving the full range of hospitality properties, from full-service luxury resorts to limited-service economy hotels.

Insignia/ESG is one of the largest commercial real estate services providers in the United States, with comprehensive brokerage, property management, facilities management, consulting, investment sales and debt placement operations in many of America's top markets.  Insignia/ESG is a subsidiary of Insignia Financial Group, Inc., a publicly traded real estate company 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, with brokerage, debt and equity financing, advisory and asset management operations in offices worldwide.  Insignia/ESG Hotel Partners has nine offices in North America, including Atlanta, Boston, Chicago, Dallas, Honolulu, Los Angeles, Miami, New York and San Francisco.