O'Connell Hospitality Group, LLC Merges with HREC
(Boston, MA; Denver, CO) – O'Connell Hospitality Group (www.oconnellhospitality.com) is excited to announce that they are strategically merging their premier Northeast hotel brokerage practice with HREC's national hotel platform (www.hrec.com) effective September 1, 2016. Going forward, Jim O'Connell will be Principal at HREC Investment Advisors and will be HREC's practice leader in the new Boston office.
Post-merger: O'Connell Hospitality, already a national recognized brokerage powerhouse in New England, will further enhance its client centric practice by joining Team HREC, further energized with the additional sales power of a 15-office national platform and combined proprietary comprehensive hotel investor network. The natural and cohesive synergism between HREC and O'Connell will directly benefit current needs of their combined client base by enhancing "Best in Class" hotel brokerage execution, through true team collaboration producing the nation's leading execution platform generating the ultimate lodging disposition success for hotel owners. Combined, the two firms will present hotel investors with the energy and combined expertise/contacts of roughly 40 dedicated lodging and gaming insiders blanketing the North American hospitality industry.
"Our large hotel company and institutional clients can now utilize our unique market knowledge and experience in the Northeast and benefit from the HREC national platform that stretches to both coasts. We can now offer exponentially more resources for brokerage and finance to our clients. The culture of both companies is very similar," said Jim O'Connell, Principal – HREC.
"HREC is honored to have nationally respected Jim O'Connell and his dynamic team become valued members of the HREC family," exclaimed Mike Cahill. "All of HREC's national clients will directly benefit from the addition of a premier, institutional owner quality office in Boston, close on the ground and living the pulse of the New England hotel scene 24/7."