Brokerage: Property and Mortgage

Michael Cahill Denver, Colorado	Geoff Davis New York, New York	Rick George Los Angeles, California	Scott Stephens Tampa, Florida

Jeff Preston Chicago, Illinois	Ron Muzii Boca Raton, Florida	Rich Musgrove Dallas, Texas	Patrick E. Culligan Memphis, Tennessee

HREC Investment Advisors is a real estate brokerage and investment banking firm exclusively focused on the hospitality industry. Geoff Davis, Mike Cahill, Rick George and Scott Stephens are the Principals of HREC Investment Advisors, and have over 65 years of combined hospitality industry experience.  They are regarded as some of the top deal makers and investment advisors in the hotel industry, having arranged over 300 hotel industry sale and finance transactions with value in excess of $4 billion. HREC Investment Advisors maintains offices in key markets around the country, including:

• New York, NY
• Denver, CO
• Chicago, IL
• Los Angeles, CA
• Tampa, FL
• Boca Raton, FL
• Dallas, TX
• Memphis, TN

HREC Investment Advisors provides the following services:

• Single asset sales and portfolio transactions
• Debt placement, mortgage counseling
• Equity placement; joint venture structuring
• Portfolio recapitalizations
    

Creativity, experience and innovation are the hallmarks of HREC Investment Advisors ("HREC IA"). HREC IA has won the prestigious Deal of the Year in 2003, 2004, 2005 and 2006 in both Single Asset Sales, Financing, and other categories, as awarded by Hotel Business. HREC IA was nominated for Deal of the Year at the ALIS hotel investment conference in 2004, and is frequently quoted in industry publications on key trends in hotel investment and finance.

Every time we evaluate a property, our analysis includes in-depth market analysis, strategic planning, a current view of capital markets and a clear understanding of how industry trends affect a specific asset. Our experience in resolving complex issues related to hotel sales, debt and equity placements and ownership issues have allowed us to develop a reputation as a skilled advisor and closer. Additionally, Principals and team members at HREC IA have diverse backgrounds within the hospitality industry, including experience as a hotel investor, developer, founder of a preeminent hotel management company, extensive hotel consulting experience, founder of a national hotel brand, and many other endeavors within the hotel industry. We have a unique perspective on hospitality real estate and a skill set that transcends traditional brokerage. 

• Expertise in identifying value-added and repositioning strategies that allow an investor to maximize return, and hence increase the value for our clients
• Understand how hotels operate as both a real estate investment and as an operating business, and how to maximize the income potential of each asset
• Experience in all facets of the hospitality industry promotes credibility with investors and lenders.