Cushman & Wakefield will expand its presence in the hospitality sector within the Southeast region.
Spearheading efforts will be a group of industry-leading hospitality professionals who have been hired to form the firm’s newly created Southeast-focused Hospitality Investment Sales team.
David Greenberg leads the team as Vice Chair and will be joined by other key members including Managing Director Gabriel Shamay, Senior Director Christopher Passeggiata, Senior Associate Ely Silverstein, Associate Jesse Lastofsky, and Senior Analyst Ryan Glasser who will all be based in Boca Raton. Director Rick Redmond will also join the team and be based in Charleston, South Carolina. Together, the team will focus their efforts on servicing private and institutional clients in the hospitality sector throughout the eastern portion of the United States with a primary concentration in the Southeast.
According to Cushman & Wakefield research, the Southeast hospitality and tourism industry is one of the nation’s top performing, with the region seeing over 388 million visitors and generating more than $180 billion in revenue (represents tourism dollars spent overall) post-pandemic. The industry’s strong performance indicators complement Cushman & Wakefield’s expanded focus in the hospitality sector and its newly appointed Southeast team, allowing the firm to have a diverse mix of Capital Markets expertise across the region in office, industrial, retail, student housing, self-storage, multifamily, and now hospitality.
“We’re excited to lean more heavily into the hospitality space and see many growth opportunities within this sector. With the strong hospitality and tourism industry both in Florida and our Southeast neighboring states, our increased investment into the hotel sales market is a natural fit for us and supports our long-term strategy. Our efforts are also further solidified by bringing on a hospitality team with extensive experience that has delivered results in this niche, yet growing sector of commercial real estate,” said Wanda Riley, Managing Principal for Cushman & Wakefield’s Florida markets.
“David and his team will be a tremendous asset for the Southeast and for growing the firm’s hospitality business on the ground in the Carolinas. They’re an all-star team with experience in closing deals across several different states and have a vision for continuing to grow and expand their local market presence that will be extremely beneficial to Cushman & Wakefield and the level of service we provide to our clients,” added Brett Gray, Managing Principal of Cushman & Wakefield’s Charlotte, Triad, and South Carolina operations.
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