Business Details
32 Years
experience
Trusted Hospitality Real Estate Advisors Since 1994
Hrec Investment Advisors Hospitality Real Estate Counselors has been a national leader in hospitality real estate advisory services since 1994. Founded by Michael Cahill, our firm specializes in hotel and casino property sales, debt financing, consulting, appraisal, and litigation support across North America. With 16 strategically located offices and a team of industry veterans who have owned, developed, and managed hotels, we combine hands-on experience with a collaborative approach to deliver tailored solutions.Our professionals have authored over 100 industry publications and maintain deep relationships with capital providers to facilitate complex transactions. Recognized for creativity and expertise, we've completed over $9 billion in hotel sales and financings while maintaining our position as trusted advisors in the hospitality sector.
Services
Property Sales
Mortgage Brokerage
Consulting Services
Appraisal Services
Litigation Support
Details
- Year established: 1994
Highlights and features
- We offer 30 years of specialized expertise in hospitality real estate transactions
- Our team has owned and operated hotels across multiple market segments
- We maintain a national platform with 23 strategic office locations
- Our professionals have completed over $9 billion in hotel transactions
- We provide insider access through deep industry relationships developed since 1994
Services
Property Sales
Hrec Investment Advisors specializes in hotel property sales with a team that has completed over 600 transactions totaling $9 billion. Our brokers leverage national market reach and local expertise to maximize asset value. We provide comprehensive marketing strategies and due diligence support throughout the sales process.
Mortgage Brokerage
Our mortgage brokerage services connect clients with national and regional lenders for optimal financing solutions. With $6 billion in debt placements completed, we structure customized capital arrangements for hotel acquisitions, refinancing, and development projects across all property types.
Consulting Services
Hrec Investment Advisors provides strategic consulting for hotel investments including market analysis, feasibility studies, and portfolio recapitalization. Our advisors combine operational insights with real estate expertise to guide clients through complex transactions and maximize investment returns.
Appraisal Services
We offer professional appraisal services for hospitality properties with certified experts who understand hotel valuation nuances. Our team delivers accurate market analyses and valuation reports that meet industry standards for financing, acquisition, and litigation purposes.
Litigation Support
Hrec Investment Advisors provides expert litigation support for hotel real estate disputes. Our professionals offer testimony, damage calculations, and valuation analysis in legal matters involving property rights, lease disputes, and transaction-related conflicts within the hospitality industry.
People
Michael Cahill
CEO & Founder
CRE, MAI, FRICS, CHA designee with 30+ years hospitality industry experience. Founded Hrec Investment Advisors in 1994 and pioneered innovative approaches to hotel real estate transactions. Recognized as industry thought leader through numerous publications and speaking engagements.
Scott Stephens
COO & Senior Principal
Over 25 years in hospitality real estate with expertise in investment banking and transaction management. As COO, oversees daily operations while maintaining active role in major client engagements and deal structuring.
Patrick Culligan
Principal
Specializes in Nashville and Memphis market hospitality assets. Brings 20+ years of experience in hotel brokerage and investment advisory services. Focuses on strategic portfolio management and capital markets solutions for regional clients.
Mark Mitroka
Senior Vice President
Senior hospitality real estate professional with expertise in market analysis and transaction execution. Based in Austin, serves as key contact for Texas properties while participating in national portfolio transactions.
Jeffrey Duni
Senior Vice President
Senior executive with extensive experience in hotel capital markets and investment advisory. Based in Denver, provides strategic guidance for complex transactions while maintaining relationships with major institutional investors.
Questions
What hospitality property types do you specialize in?
We handle all hotel segments including limited-service, full-service, resort properties, and casino assets across North America.
How many transactions have you completed?
Our team has arranged over 800 hotel sales and financing transactions totaling more than $15 billion in value.
Do you work with international investors?
Yes, our national platform and industry relationships support both domestic and international real estate investors.
What financing options do you offer?
We provide access to conventional loans, mezzanine financing, and alternative capital solutions through our lender network.
How do you determine property valuations?
Our certified appraisers analyze market conditions, comparable sales, and income potential using industry-standard methodologies.
Can you assist with distressed property sales?
Yes, our team has experience handling complex transactions including distressed assets and bankruptcy proceedings.
