Industry Update
Appointment20 July 2021

Derek Olsen

Appointed Managing Director/EVP
At CHMWarnick in Beverly - MA, USA

Derek Olsen

Founding partners, Rich Warnick, Sandy Luke, Ken Wilson and Chad Crandell of CHMWarnick, the leading provider of hotel asset management and owner advisory services, today announced the promotion of executive team member, Derek Olsen to managing director and partner of the firm.

Olsen brings 29 years of hospitality industry experience spanning investment, brokerage, consulting and hotel asset management. As managing director/EVP, Olsen will maintain his efforts to advise owners, developers, investors and lenders to acquire, reposition and enhance the value of hospitality real estate. He is responsible for asset managing a client portfolio of hotels valued at approximately $500M, including a wide range of operations from newly built luxury/lifestyle assets to select-service portfolios located in primary and secondary markets across the U.S. Olsen brings expertise in development planning and operational ramp-up of new hotels, having opened two properties within the last 24 months alone. He also is responsible for leading a team focused on equity and debt acquisition services and oversees the implementation of special projects related to CHMWarnick's technology platform, Proph+IT™. Olsen's experience spans a broad range of land uses, including hotels and resorts, luxury condominiums, condo-hotels, fractional, time-share, whole-ownership residences and golf courses. He is a graduate of Cornell University, where he earned his Bachelor of Science in Hospitality Management, and a graduate of Massachusetts Institute of Technology, where he received his Master of Science in Real Estate. He is a member of the Hospitality Asset Managers Association (HAMA) and has written several industry articles for lodging operations and finance publications.

Hotelschools.com

Cornell | School of Executive and Professional Education

Derek Olsen (Class of 1992) is a graduate of Cornell | School of Executive and Professional Education in Ithaca, New York - United States
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CHMWarnick

CHMWarnick is the leading provider of hospitality asset management and strategic advisory services, delivering material positive impact on asset value and returns for lodging real estate owners and investors.
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