CARLSBAD, CA, September 15, 2011 /24-7PressRelease/ -- HREC Investment Advisors (HREC), Rochdale Capital Advisors (Rochdale) and Real Capital Markets(RCM) announce the formation of a joint venture, Hotel Debt Trader to provide loan sale advisory services for performing, sub-performing and non-performing hotel loans, as well as hotel REO assets. Hotel Debt Trader, will leverage the cutting edge expertise of three leading firms in hotel loan sale advisory to be the best-in-class sell-side loan advisor to financial institutions, hedge funds, special servicers and insurance companies.
Hotel Debt Trader was formed in response to the tremendous market demand for dedicated loan sale expertise in the highly specialized field of lodging investments. This collaboration of HREC, Rochdale and RCM creates a comprehensive investment sale platform that will benefit lenders and investors looking to divest hotel loan debt to maximize sale value and expediency.
"We are very excited to team with Rochdale and RCM as we focus on the hotel loan sale advisory space," said Geoff Davis, President of HREC. "The value proposition we will bring to our clients is a strong understanding of the nuances of selling loans while leveraging years of experience and expertise in hotel real estate".
"HREC's leadership in the hotel valuation, brokerage and capital markets will add an exciting new dimension to our loan sale advisory practice," said John Boyle , Managing Director of Rochdale."We see this as a unique opportunity to better serve our clients with assets in this sector as they look to restructure their loan portfolios".
"We are pleased to expand our existing relationships with HREC and Rochdale through this new venture," said Steve Shanahan, Managing Director of RCM. "We will continue to provide online marketing support and a SAS 70 certified secure virtual deal room for their client transactions."
Hotel Debt Trader:
For Additional Information: www.HOTELDEBTTRADER.com
About HREC:
HREC (www.hrec.com) is the nations' leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting ( market studies and appraisals), asset management and litigation support. With 12 offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization.
About Rochdale Capital Advisors:
Rochdale (www.rochdalecapital.com) is an experienced loan sale advisory firm with strong industry contacts and a proven successful track record. The principals of the firm have completed over $50 billion in successful loan and real estate sales as well as financing transactions in their careers. Rochdale provides it's clients with efficient execution while maintaining confidentiality and controls.
About Real Capital Markets
RCM (www.rcm1.com) provides the most comprehensive database of qualified investors, online marketing and Virtual Deal Room solutions for the commercial real estate and financial industries. As the internet's only broker-neutral host, RCM provides principal, exclusive listing brokers, mortgage bankers and equity sources the most productive and cost effective way to acquire, dispose finance and capitalize real estate.
Contacts:
Geoffrey E. Davis
President
HREC Investment Advisors
230 Park Avenue, 10th Floor
New York, NY 10169
212-551-1775
[email protected]
John M. Boyle
Managing Director
Rochdale Capital Advisors
25 West 45th Street, Suite 203
New York, NY 10036
212-205-5082
[email protected]
Steve Shanahan
Executive Managing Director
Real Capital Markets
5740 Fleet Street, Suite 220
Carlsbad, CA 92008
760-602-5080 Ext. 231
[email protected]
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