Recent News

Rick George discusses the recent increase in family vacation plans, but at the expense of ADR


Hotel Business speaks to Monty Levy about creation of Atlanta Hospitality Alliance
Mike Cahill moderates discussion on hotel sales' transactions
Mike Cahill speaks with Hotel Interactive about availability of financing for hotel transactions
Hotel News Now speaks to Mike Cahill about uptick in hotel transactions in first quarter 2010
HREC releases the Florida March 2010 Newsletter: A Change is Blowing in the Florida Wind
Hotel News Now speaks to Mike Cahill about the CMBS market
Mike Cahill and LIIC discuss with Hotel & Motel Management the stresses put on hotel transactions by the financial markets
Mark Lukens joins HREC as SVP and Establishes HREC Office in Seattle
Mike Cahill and members of the International Lodging Finance Council (ILFC) discuss the state of lending in the hotel industry
Paul Sexton joins HREC as VP and Establishes new office in Orlando
Mike Cahill offers advice on buying distressed hotels and what to expect in 2010
GlobeSt.com
discusses with Rick George where the opportunities are in the hotel sector and how he is valuing hotels today
Rick George comments on shared profit deals between hotel companies and lenders
Bill Murney comments on the James Hotel in Phoenix, AZ
Hotel News Now speaks to Mike Cahill about the global economies effecting the Dubai World
Mike Cahill projects hotel price stabilization dates
Bill Murney comments on the Wigwam sale price
At the Navigating Troubled Times in the Hotel Industry Conference, Geoff Davis and other panelists predict when we will see steady deal flow again
Geoff Davis speaks with Maria Wood on GlobeSt.TV about distressed hotel loans, acquisition prospects and what signs will point to a lodging recovery

 

Christopher M. Stein  

 cstein@hrec.com

303-267-0057

Senior Vice President
Denver, Colorado


 

Employment

Hospitality Real Estate Counselors, Inc. - July 2008 to present - Senior Vice President - Provides specialized consulting services exclusively to the lodging and gaming industries including real estate and business valuations, market impact and feasibility studies, litigation support and investment analysis.

Hospitality Real Estate Counselors, Inc. - June 2001 to July 2008 - Vice President - Provides specialized consulting services exclusively to the lodging and gaming industries including real estate and business valuations, market impact and feasibility studies, litigation support and investment analysis.

Venetian Resort Hotel Casino, Las Vegas, NV - June 2000 to June 2001 - Hotel Manager - Controlled rooms revenue through yield strategies, illustrated control of guest issues through problem-solving techniques, monitored staffing levels and executed day-to-day hotel operations of this 3,036 all-suite hotel and 1.7 million square feet of convention space. Participated in key operational meetings such as hotel operations, casino operations, and pre and post convention meetings. The Venetian set industry records for hotel occupancy, ADR, and gross revenue during the first quarter of 2001.

Venetian Resort Hotel Casino, Las Vegas, NV - July 1999 to June 2000 - Assistant Hotel Manager - Controlled front desk operations and maintained guest relations employing problem solving and recovery techniques. Introduced new lobby traffic patterns to increase efficiency and an improved sense of arrival. Assisted in writing and implementing new front office policies and procedures. Received the Venetian Bravo! Award for managers, May 2000. Groups Assistant Manager - Participated in pre-convention meetings, coordinated arrival, departure and billing, and was the main contact for meeting planners during convention dates. Introduced and implemented two specialized positions within the groups and conventions department to assist meeting planners with billing and miscellaneous inquiries.

Riviera Hotel and Casino, Las Vegas, NV - 03/99 to 06/99 - Slot Marketing Intern - Introduced visitors and potential gamers to new slot games and incentive programs. Attended monthly slot marketing meetings.

Education

University of Nevada at Las Vegas School of Hotel Administration, Bachelor of Science, May 1999

Appraisal Institute

  • Course 110 - Appraisal Principals
  • Course 410 - USPAP
  • Course 120 - Appraisal Procedures
  • Course 420 - Business Practice and Ethics
  • Course 310 - Basic Income Capitalization
  • Course 510 - Advanced Income Capitalization
  • Course 320 - General Applications

Examples of Corporate and Institutional Clients Served

CNL Hospitality Corporation
Deutsche Bank
Security Life of Denver Insurance Company
Starwood Capital
Alpha Inn Management
Hodges Ward Elliott
Cabazon Band of Mission Indians
Guaranty Bank and Trust Company
City of Westminster, California
Concorde Gaming Corporation
Kerzner International Limited
City of Denver, Colorado
City of Black Hawk, Colorado
PricewaterhouseCoopers
Urban Systems, Inc.
Polk County, Iowa
Denver Urban Renewal Authority
U.S. Bank RETECHS
GMAC Commercial Mortgage
Wells Fargo Commercial Mortgage
Origination
White Lodging Services
Macquarie Securities (USA) Inc.
Sage Hospitality Resources
Deutsche Bank Real Estate Global
Opportunities Group
Geary, Porter & Donovan
Caesar’s Entertainment
Watkins, Ludlam, Winter & Stennis P.A.
Senate Hospitality
Ashford Hospitality Trust
Sonnenalp Properties, Inc.
Moldenhauer Developments
Empire Resorts, Inc.
GE Franchise Finance
Conventions, Sports & Leisure
City of Provo, Utah
RockBridge Capital
Dunrene Group
Amstar Group
FelCor Lodging Trust
ORIX Capital
Hardin Capital, LLC
Smith Gambrell & Russell, LLP
Highpointe Hotel Corporation
CIBC World Markets
Sideman & Bancroft, LLP
The North Central Group
Winstead Sechrest & Minick
ING Clarion
East West Partners
BWAB Real Estate
Bank of Sun Prairie
Webb Development
City of Tulsa, Oklahoma
City of Kansas City, Missouri
Capmark Financial, Inc.
Sunrise Hospitality
McKibbon Hotels
Winston Properties
Longbow Group
Focus Corporation
Colony Investments
State of Colorado
Joseph Freed & Associates
Hispanic Hospitality, LLC
Keating Building Corporation

Lodging Facilities Appraised or Analyzed

Arizona

  • Embassy Suites, Scottsdale
  • Howard Johnson Hotel, Phoenix
  • Proposed Hampton Inn & Suites, Chandler
  • Proposed Homewood Suites, Chandler
  • Proposed Embassy Suites, Chandler
  • Proposed Courtyard by Marriott, Phoenix
  • Proposed TownePlace Suites, Phoenix
  • Proposed Hampton Inn & Suites, Glendale
  • Proposed Hampton Inn & Suites, Deer Valley
  • Carefree Resort, Carefree
  • Proposed Courtyard by Marriott, Phoenix
  • Proposed Residence Inn, Phoenix

Arkansas

  • Value Place, Bentonville

California

  • Courtyard by Marriott, Palm Desert
  • Residence Inn by Marriott, Palm Desert
  • Fantasy Springs Casino Resort, Indio
  • Proposed Hotel, Westminster
  • Pala Mesa Resort, Fallbrook
  • Embassy Suites, Palm Desert
  • Homewood Suites, Brisbane
  • Monterey Plaza Hotel, Monterey

Colorado

  • Sheraton Tamarron Resort, Durango
  • Sheraton Four Points, Lakewood
  • Sheraton Hotel, Mt. Crested Butte
  • Proposed Convention Center Hotel, Denver
  • Golden Gates Casino, Black Hawk
  • Jazz Alley Casino, Black Hawk
  • Golden Gulch Casino, Black Hawk
  • Hawthorn Suites, Longmont
  • Sonnenalp Resort, Vail
  • Adam’s Mark, Grand Junction
  • TownePlace Suites, Denver
  • TownePlace Suites, Broomfield
  • TownePlace Suites, Colorado Springs
  • Westin, Westminster
  • Denver Marriott City Center, Denver
  • Hotel Monaco, Denver
  • Projected Gaming Demand, Central City
  • Embassy Suites, Downtown Denver
  • DoubleTree Hotel, Aurora
  • Proposed Hotel, Glenwood Springs
  • Proposed Hotel, Greenwood Village
  • Proposed Westin, Avon
  • Proposed Residence Inn, Aurora
  • Proposed Hotel, Rifle
  • Proposed Upscale Boutique, Centerra
  • Proposed Hilton Hotel, Denver
  • Proposed Hotel Learning Center, Denver
  • Proposed Hotel - Metropolitan Gardens, Denver
  • Proposed aloft, Denver
  • Proposed Independent Boutique, Denver

Florida

  • DoubleTree Hotel, Palm Beach Gardens
  • Proposed Homewood Suites, West Palm Beach
  • Proposed Headquarters Hotel, Ft. Lauderdale
  • Proposed Hilton Garden Inn, Tampa
  • Proposed TownePlace Suites, Tampa
  • Proposed Hotel, Pensacola
  • Proposed Hilton Garden Inn, Pensacola

Georgia

  • ClubHouse Inn & Suites, Norcross

Illinois

  • Proposed Hotel, Bloomington
  • Radisson Chicago O’Hare, Chicago
  • Proposed Hotel, Downtown Chicago

Iowa

  • Prairie Meadows Racetrack & Casino, Altoona

Kansas

  • CrestHill Suites, Wichita
  • ClubHouse Inn & Suites, Wichita
  • ClubHouse Inn & Suites, Overland Park
  • Marriott Hotel, Overland Park

Kentucky

  • Proposed Marriott Hotel, Louisville

Maryland

  • Holiday Inn Select, Timonium

Michigan

  • Holiday Inn West Conference Center, Lansing
  • RS Eastin Hotel, Roseville

Minnesota

  • Proposed Convention Center Hotel, St. Paul

Mississippi

  • Retrospective Hotel Valuation, Tunica
  • Marriott Hotel, Jackson

Missouri

  • Former Holiday Inn, Kansas City
  • Proposed Homewood Suites, St. Louis
  • Proposed Headquarters Hotel, Kansas City

Nebraska

  • ClubHouse Inn & Suites, Omaha

Nevada

  • Old Reno Casino, Reno
  • Aladdin Resort Hotel Casino, Las Vegas
  • Proposed Homewood Suites, Reno
  • Saddle West Casino, Pahrump
  • Edgewater Hotel & Casino, Laughlin
  • Colorado Belle Casino, Laughlin
  • Proposed Cosmopolitan Casino Resort, Las Vegas

New Jersey

  • Country Inn & Suites, Elizabeth
  • Atlantic City Hilton

New Mexico

  • Proposed Racing at Raton Racino, Raton

New York

  • Monticello Raceway & Mighty M Gaming, Monticello
  • Proposed Hotel, Woodbourne

Oklahoma

  • Proposed Headquarters Hotel, Tulsa

Pennsylvania

  • Proposed Casino Hotel, Wilkes-Barre

People's Republic of China

  • Wynn Macau Casino, Macau

Puerto Rico

  • The Ritz-Carlton Hotel, Spa & Casino, San Juan

Republic of Panama

  • Veneto Casino, Panama City

South Carolina

  • Marriott Hotel, Myrtle Beach

St. Lucia

  • Club St. Lucia, West Indies

Tennessee

  • Homewood Suites, Nashville
  • ClubHouse Inn & Suites, Knoxville
  • Proposed Hotel, Knoxville

Texas

  • Proposed Drury Plaza Hotel, San Antonio
  • Holiday Inn North, Ft. Worth
  • Holiday Inn South, Ft. Worth
  • Best Western, Jacksonville
  • Best Western, Jefferson
  • Best Western, Marshall
  • Ramada Inn, Marshall
  • Holiday Inn Express, Marshall
  • Holiday Inn, Mt. Pleasant
  • Proposed Hotel(s), El Paso

Utah

  • Proposed Convention Center Hotel, Provo
  • Holiday Inn, Salt Lake City
  • Proposed SpringHill Suites, Salt Lake City

Wisconsin

  • Proposed Holiday Inn, Madison
  • Proposed Crowne Plaza, Wauwatosa
  • Market Study, Madison

Wyoming

  • Jenny Lake Lodge, Grand Teton National Park
  • Jackson Lake Lodge, Grand Teton National Park
  • Colter Bay Village, Grand Teton National Park
  • Signal Mountain Lodge, Grand Teton National Park