Practice Focus: Economic damages, valuation, financial analysis for hospitality properties, litigation support, expert testimony, public-private hotel development
- Work Phone:(310) 640-9656
- Work Fax:(310) 640-9276
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A Closer Look
I am an expert in the field of hotel and resort consulting. I have been providing litigation support services; estimating economic damages; negotiating ground leases; conducting economic, financial and market feasibility studies; and appraising hotels, restaurants, timeshares, resorts and other hospitality-related, visitor-serving real estate for forty years. My expertise includes dispute resolution, expert witness testimony and advising clients on hotel ground leases, development planning, deal structuring, and financial issues related to hospitality development. Representative Accomplishments My accomplishments include providing ground lease structuring, property valuation, market demand assessment, investment analysis, market repositioning, and acquisition and development advisory services to hundreds of clients. I have also been involved in resolving disputes, restructuring loans and other agreements, and working out troubled assets, including hotels, restaurants, timeshares, master-planned residential communities, and theme parks. I have testified as an expert witness in venues including jury trials in California, Illinois, Florida and Texas Courts, AAA- and JAMS-sponsored arbitration panels, Federal Bankruptcy Court, and mediations. My valuation expertise includes many unique assignments, such as one involving appraising the Grand Canyon, for which I was awarded the James Felt Creative Counseling Award by my peers in the Counselors of Real Estate. My experience as a hotel industry expert in disputes in the past few years involves more than 150 hotels, 20,000 hotel rooms, hundreds of timeshare units, five National Parks, and over $2 billion of hotel assets. Additionally, I have provided assistance to hospitality owners and landowners in the areas of negotiating ground and building leases, franchise agreements, management contracts, development agreements, financing arrangements, design-build agreements, tax-exempt bond financings and public-private partnership agreements. As Principal with KPMG, I was the primary resource in the western U.S. for hospitality development, leasing and financing issues, particularly full-service urban and resort properties, including timeshare and fractional interval ownership, golf courses, spas and gaming. I have conducted appraisals, workouts and/or market feasibility studies on hundreds of hospitality properties over the past thirty years, totaling over $12 billion in assets.
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Experience
- Professional Disciplines
- Advisor
- Appraisal/Valuation
- Economist
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Markets Served
- Metro Areas
- Los Angeles-Long Beach-Santa Ana (CA)
- Country
- Northern America
- United States