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Property Brokerage

Investment Bankers for the Lodging Industry


HREC Investment Advisors® is a real estate brokerage and investment banking firm exclusively focused on the hospitality industry.  Mike Cahill, CEO and Founder, and Scott Stephens, Senior Principal and COO, of HREC Investment Advisors, have over 65 years of combined hospitality industry experience.  They are regarded as some of the most distinguished hotel brokers and investment advisors in the hospitality industry, having arranged over 600 hotel industry sale and finance transactions with value in excess of $9 billion.


Michael Cahill

CEO & Founder

Denver, CO

Scott Stephens

COO & Senior Principal

Tampa, FL


Mike Armstrong

Principal

San Diego, CA

Pat Culligan

Principal

Memphis, TN

Jim O’Connell

Principal

Boston, MA

Herb Warmbrodt

Principal

Kansas City, MO


Monty Levy

Managing Director

Atlanta, GA

Ketan Patel

Managing Director

Washington, D.C.

Scott Kaniewski

Managing Director

Chicago, IL


Barry Swanson

Senior Vice President

Atlanta, GA

Mark Rousseau

Senior Vice President

Atlanta, GA

Tom Huegel

Senior Vice President

Atlanta, GA

Mark Mitroka

Senior Vice President

Austin, TX

Mark Rome

Senior Vice President

Dallas, TX

Mark von Dwingelo

Senior Vice President

Danbury, CT

Jeffrey Duni

Senior Vice President

Denver, CO

Kevin Hanley

Senior Vice President

Washington, D.C.

Josh Smith

Senior Vice President

Las Vegas, NV

Len Wormser

Senior Vice President

New Orleans, LA

Paul Sexton

Senior Vice President

Orlando, FL

Jonathan Ruprai

Senior Vice President

Tampa, FL

Michael Dube

Senior Vice President

Denver, CO

Tom Sommer

Vice President

Chicago, IL

Jeff Preston

Vice President

Chicago, IL

Lee Kerfoot

Vice President

Minneapolis, MN

Ted Anka

Vice President

Miami, FL

Amish Naik

Vice President

Washington, D.C.

Phil White

Vice President

New York, NY

Michael Sallowsay

Vice President

Atlanta, GA

Adam Lallani

Vice President

Houston, TX

Tammy Bateman

Associate Broker

Washington, D.C.

Constandinos Franciscos Economides

Associate Broker

Washington, D.C.

Taylor Ponath

Salesperson – Brokerage

Minneapolis, MN


HREC Investment Advisors® maintains offices in key markets around the country, including:

  • Atlanta, GA
  • Austin, TX
  • Boston, MA
  • Charlotte, NC
  • Chicago, IL
  • Dallas, TX
  • Danbury, CT
  • Denver, CO
  • Houston, TX
  • Kansas City, KS
  • Las Vegas, NV
  • Memphis, TN
  • Miami, FL
  • Minneapolis, MN
  • New Orleans, LA
  • New Jersey, NJ
  • Orlando, FL
  • San Diego, CA
  • Tampa, FL
  • Washington, D.C.

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.