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

 

Steven L. Senft  

 ssenft@hrec.com

310-795-4533

Senior Broker
Los Angeles, CA


 

Employment

  • HREC Investment Advisors, Beverly Hills, CA – March 2008 to present – Senior Broker
    • Identifying value-added and repositioning strategies
    • Resolving complex issues related to hotels sales, debt and equity placements and ownership issues
    • In-depth market analysis of hotel portfolio’s and single asset transactions
    • Produce Disposition Analysis, marketing proposal and Brokers Opinion of Value
    • Refinance of existing properties, development/expansion financing
  • 1st Link Financial Services, Irvine, CA – March 2006 to March 2008 – Managing Partner/ President
    • Commercial, residential Realtor® and mortgage broker
    • Achieved 110% of revenue goals in 2007
    • In-depth market analysis of commercial and residential transactions
    • Performed real estate financial analysis to create investor wealth
    • Worked with national and wholesale banks
    • Designed and executed marketing strategies
    • Created and implemented Standard Operating Procedures
    • Monitored and prepared all financials including budgets, month-end and year-end reports
  • Wymac Capital, Inc., Laguna Hills, CA – January 2005 to March 2006 – Loan Agent
    • Mortgage Broker with residential loan volume exceeded $9 million during tenure
    • Performed personal real estate financial analysis, working with national and wholesale banks
    • Consulted with all clients on current market trends and personal finance
    • Agent of the Month; May, October 2005 and January, February 2006
    • Top 5 Agent company wide; May and October 2005, February 2006
  • The Beverly Hilton, Beverly Hills, CA – September 2002 to April 2004 – Sales Manager
    • Successfully revitalized the West Coast and Mid West large corporate meetings market
    • Exceeded targets in Hilton customer relations surveys
    • Finished 110% on first production period and 114% during tenure
  • Manchester Grand Hyatt, San Diego, CA – July 1998 to February 2001 – Sales Manager
    • Meeting connections, corporate, and SMERF markets
    • Manager of the Quarter, First Quarter 2000
    • Hyatt Production Achievement Award 1999 & 2000
    • Of over 800 sales managers with Hyatt Hotels, was one of seventeen to exceed quota by over 125% in four consecutive bi-annual period
    • Finished 262% of first production period and 192% during tenure
    • Coordinated 1998 New Year's Eve, increased average rate by $15 and total revenue by $50,000 from the previous year with 100% occupancy
  • Island Shades, Inc., Los Angeles, CA – January 2001 to September 2006 – CEO/ President
    • Achieved sales in excess of $1.7 million
    • Gathered economic & demographic reports to scout and develop new locations across the United States
    • Expanded company from one store in Los Angeles to 12 stores nationwide
    • Monitor and prepared all financial statements including budgets, month-end and year-end
    • Built brand by offering retail sunglass franchises
    • Negotiated the sale of all stores for over a 400% rate of return on the investment

Professional Designations

  • Certification in Real Estate, Development, and Hotel Investment – Cornell University, School of Hotel Administration

Education

  • California State Polytechnic University, Pomona – Pomona, CA
    Master of Business Administration (MBA) with specialization in Finance and Real Estate
  • California State Polytechnic University, Pomona – Pomona, CA
    Collins School of Hospitality Management
    Bachelor of Science, Hotel and Restaurant Management
  • Various graduate level classes through University of California, Los Angeles (UCLA)
  • Various Real Estate & Continuing Education Courses

Professional Licenses

  • Licensed Real Estate Broker in the State of California

Profession/Personal Affiliations

  • CH&LA (California Hotel & Lodging Association)
  • AAHOA – (Asian American Hotel Owners Association)
  • Taiwanese Hotel and Motel Association of Southern California
  • CLIA – (California Lodging Industry Association)
  • Collins School of Hospitality Management Alumni Chapter
  • National Association of Realtors

List of Teaching and Lecture Assignments

  • California State Polytechnic University, Pomona, May 2008
    • Hospitality Industry Finance
  • California State Polytechnic University, Pomona, May 2007
    • Strategic Leadership in the Hospitality Environment
  • California State Polytechnic University, Pomona, February 2006
    • Strategic Leadership in the Hospitality Environment
  • California State Polytechnic University, Pomona, 2004
    • Introduction to Entrepreneurship
  • California State Polytechnic University, Pomona, March 2000
    • Hotel/Resort Operations