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

 

Jeffrey J. Preston  

 jpreston@hrec.com

(312) 645-9010

Vice President
Chicago, IL


 

Employment

  • Hospitality Real Estate Counselors, Chicago, Illinois - 2006 to Present - Vice President - Independent consultant/broker/developer active in the hospitality real estate industry;
  • JBS & Associates - 1988 - 1991 - Assisted the Resolution Trust Corporation in the disposition of hotel real estate assets from the portfolios of failed Savings & Loan institutions throughout the country;
  • Anderson & Company - 1986 - 1988 - Vice President of this hotel real estate development firm. Instrumental in the development and management of four hotel properties located in Nashville, TN., Eden Prairie, MN., Hilton Head, SC., and Ontario, CA.;
  • Pannell, Kerr, Foster (PKF) - 1980 - 1986 - Senior Manager/Manager - Performed market and financial feasibility studies for various owners, developers and financial institutions throughout North America including VMS Realty, JMB Realty, Holiday Inns of America, and other national lending institutions and hotel companies;
  • Hyatt Hotels & Resorts - 1978 - 1980 - Held numerous management positions in Vancouver, British Columbia; Lexington, Kentucky; Cambridge, Massachusetts; and Chicago, Illinois.  Gained experience in all operating and administrative departments including front office, housekeeping, food and beverage, accounting, and sales and marketing. 

Education

  • University of Denver, BSBA 1978
    Hotel and Restaurant Management Program

Teaching and Lecture Assignments

  • Purdue University
  • University of Denver
  • DePaul University Entrepreneurship program

Civic and Charitable Service

  • Board of Directors, Steppenwolf Theater Company
  • Chicago Food Bank
  • Chicago Council on Foreign Relations
  • The Cradle Society, Evanston, IL