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

 

Patrick E. Culligan, Jr.  

 patrickc@hrec.com

901-270-0121

Associate
Denver, CO


 

Employment

  • Hospitality Real Estate Counselors, Denver, CO – August 2008 to present – Associate – Provide 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.
  • The Hospitality Consulting Group, Inc., Memphis, TN – June 2006 to August 2007 – Student Intern– Assisted in feasibility studies, market evaluations, area economic reviews and financial projections for several competitive hotel markets. Conducted field interviews with hotel owners, operators and sales managers.
  • Hospitality Real Estate Counselors, Denver, CO – June 2006 to August 2006 – Student Intern – Assisted hotel brokers in a variety of ways concerning hotel sales. Compiled and catalogued database listings and helped to complete Investment Offering Memorandums.
  • Courtyard by Marriott, Memphis, TN – May 2004 to January 2005 – Guest Services  – Provided front desk and guest services at a brand leading hotel. Served as Assistant Manager on Sundays. Participated in a team environment which resulted in the hotel being recognized with the Marriott “Guest Check-In Experience” Award.
  • Holiday Inn University of Memphis, Memphis, TN – August 2003 to February 2004 – Banquet Setup – Facilitated meetings and banquets of up to 1,400 guests. Demonstrated team leadership skills at a Torchbearer winning hotel.

Education

University of Memphis, Memphis, TN
Fogelman College of Business and Economics
Kemmons Wilson School of Hospitality
Bachelor of Business Administration Hotel & Resort Management
May 2007