NEW YORK CITY—Bolstering the hotel platform in launched last year, Berkadia has brought in a trio of senior hospitality executives. John J. DePaul, David Weymer and Mark Morris have joined the company as managing directors in its hotels & hospitality group, each with 30-plus years' experience in the lodging sector.
When Berkadia hired Andrew Coleman this past April to lead the newly formed hotels & hospitality group, the company was looking "to grow into a full-service commercial real estate advisory firm across all platforms, moving out of what would be just the debt space," Coleman tells GlobeSt.com. At Walker & Dunlop, Coleman's previous employer, "we were primarily focused on debt, and I see the market moving toward where we need to provide ancillary services across an entire platform."
Coleman tells GlobeSt.com that this past April, "Berkadia expressed to me that I would be able to custom-build a group that met what I thought were our client's needs, which was very exciting to me." DePaul will be responsible for the capital markets and asset management & advisory functions of the hotels platform, while Weymer and Morris will focus on the investment sales function of the platform.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
