Author
Author

Drew Noecker

Managing Director and Co-Head of the HVS Brokerage & Advisory Divsion

Drew NoeckerDrew Noecker has participated in hundreds of hotel transactions across the United States, at over $2.5 billion in total aggregate value. Drew has worked with hotel owners of all classes and sizes, ranging from branded select-service and extended-stay hotels to independent and luxury resort properties, giving him a nuanced understanding of optimizing transactions. Prior to joining HVS, Drew spent five years as a Vice President with CBRE Hotels, during which time he worked to execute transactions nationwide at an aggregate value of over $700,000,000. Before CBRE, as the Director of Finance at Winston Hotels, Drew was involved in mezzanine debt and acquisition transactions with total consideration of over $1.8 billion, including the disposition of a publicly traded REIT; transactions included full-service hotels, select-service hotels, extended-stay hotels, resorts, and world-renowned boutique hotels. His background in hospitality finance and acquisitions enables him to understand all elements of a transaction and provide insight into disposition and financing opportunities. Prior to his tenure with Winston, Drew worked in the Boston-based Consumer Products Investment Banking Division of Advest Group Inc., where he focused on mergers and acquisitions and public stock offerings. Drew is a 2003 graduate, with Distinction, of The School of Hotel Administration at Cornell University. He is also active in the Cornell Hotel Society and the Urban Land Institute (ULI).

More about Drew Noecker

Insights by Drew Noecker (2)

HVS Hotel Transaction Activity: The Factors Influencing a Return to Normalcy in a Post-COVID-19 Time

As a result of the current COVID-19 pandemic, the HVS Team has received many questions about when U.S. hotel transaction volume will return to reasonable, pre-pandemic levels. While we do not have a definite answer, as these circumstances are evolving daily, we have tried to use past events to provide some insight on the factors that would affect a possible rebound.

Discovering Possible Off-The-Radar Investment Markets

At the 2019 Phoenix Lodging Conference, the HVS Team heard muted optimism and a view that growth in the next 24 months may vary widely across markets. We would encourage owners to investigate the sometimes overlooked top 50 MSAs that still could experience value appreciation in those 24 months.
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