Hotel-Related Takeaways - CREF / Multifamily Housing Convention & Expo 2015

Investment in commercial property is on the rise, and various market dynamics—including lower cap rates—have shifted greater focus to the sale and development of hotels.

The 2015 Commercial Real Estate Finance (CREF)/Multifamily Housing Convention and Expo, run by the Mortgage Bankers Association (MBA), was quite a showcase. Dubbed "CREF 15: Where Market Makers Meet," the conference exuded energy from beginning to end, with the prevailing sentiment being that commercial property stakeholders, from owners and developers to investors and appraisers, collaboratively have the power to bring deals and projects to...

The MBA hosted a Super Bowl party to kick off the event, with NFL Hall of Fame running back Eric Dickerson addressing and mingling with the crowd Sunday afternoon. The celebrity presence, the historic game, and more than 3,000 mortgage professionals eager to share intelligence got things off to a motivating start. Here are some of the key takeaways.

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A Senior Vice President with HVS Denver and HVS Director of Business Development, Brett Russell’s 15-year career in hospitality spans hotel operations, management, development, and consulting. Brett has overseen hundreds of appraisals, market studies, and feasibility studies for hotels, lodges, and resorts throughout the Americas, with a focus on full-service hotels and resorts.

Desiree Flanary is a Vice President with the HVS Portland office. Desiree earned her bachelor's degree from the University of Northern Colorado and has front-line hotel experience in both front office and housekeeping operations. Desiree travels and works extensively in the northwestern U.S. and throughout the west coast, with a particular emphasis in the Central Pacific region.

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.

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