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National Outlook

Investment, Airbnb, Labor Concerns, Tax Reform, and the Changing Tastes of Consumers

Rob Palleschi

Rob Palleschi

CEO

G6 Hospitality

Marty Collins

Marty Collins

CEO

Gatehouse Capital

Charles Lathem

Charles Lathem

MD & Head of Hospitality Investments

Clarion Partners

Rajiv Trivedi

Rajiv Trivedi

EVP & Chief Development Officer

La Quinta

Mike Jaynes

Mike Jaynes

President

Hall Structured Finance

Jeff Binford
Moderator

Jeff Binford

South Central Region Practice Leader

CBRE Hotels Advisory | Capital Markets

Rob Palleschi

CEO

G6 Hospitality

Rob Palleschi is the Chief Executive Officer of G6

Hospitality, the parent company of the iconic

brands Motel 6 and Studio 6. Rob joined G6

Hospitality in February 2017 as the new Chief

Development Officer. In this role, Rob was

responsible for leading the strategic growth of

the enterprise’s franchise development group,

driving forward business partnerships, and

identifying ways to best leverage the company’s

successful domestic platform with international

growth. He successfully led G6 through

year-over-year growth within franchising and

also expansion into India.

A seasoned leader with more than 30 years of

experience in the hospitality and food &

beverage industries, Rob has a proven track

record of successfully developing and executing

global strategies that focused on revenue

growth, product quality and guest experience.

Prior to G6 Hospitality, Rob served as the Chief

Executive Officer of TGI Fridays and spent 12

years at Hilton Worldwide as global head of

full-service brands where he was responsible for

global growth and brand performance for Hilton,

DoubleTree, and Curio by Hilton brands.

A graduate of Johnson & Wales University, Rob is

actively involved in key industry organizations,

including AAHOA and AHLA.

Marty Collins

CEO

Gatehouse Capital

Mr. Collins founded Gatehouse Capital and is responsible for the company's overall strategic direction and both capital and partner relationships. Prior to founding Gatehouse in 1997, Collins was a partner in a Trammell Crow family affiliate, COO of Hampstead Group, and COO of Americana Hotels and the affiliated investments of the Bass Family of Ft Worth. He holds an undergraduate degree in both liberal arts and teaching from University of Akron, and graduate degrees in both liberal arts and business finance from Southern Methodist University.

Charles Lathem

MD & Head of Hospitality Investments

Clarion Partners

Chuck Lathem, equity owner and Managing Director, is the head of Clarion Partners’ Hospitality Investments Group. He is responsible for the oversight of the firm’s portfolio of investments in the hospitality sector; and also managing relationships with hotel operators and partners. During the course of his career, he has completed the acquisition and/or development of hotels totaling more than $3.5 billion, including $1.5 billion since joining Clarion Partners. His prior real estate investment management experience includes managing and restructuring the Teacher Retirement System of Texas’ $2 billion real estate portfolio. Chuck joined Clarion Partners in 2006 and began his career in the real estate industry in 1981. He is a member of the Pension Real Estate Association and the Hospitality Asset Managers Association.

Rajiv Trivedi

EVP & Chief Development Officer

La Quinta

Mr. Trivedi joined La Quinta in 2000 and has served as the Company’s Executive Vice President since 2006 and as Executive Vice President and Chief Development Officer since 2009. Prior to joining us, from 1992 to 2000, Mr. Trivedi served as Vice President of Franchise Operations at Cendant Corporation and in a variety of key management roles in the hotel industry, including Cendant Corporation. Mr. Trivedi is active in numerous civic and industry organizations including the Asian American Hotel Owners Association (AAHOA). Mr. Trivedi graduated from the Maharaja Sayajirao University of Baroda with an M.S. in Math and Business.

Mike Jaynes

President

Hall Structured Finance

Mr. Jaynes has over 30 years of commercial real estate experience. As President of HALL Structured Finance, Mr. Jaynes is directly responsible for loan originations and the asset management of HALL Structured Finance’s outstanding loans. Mr. Jaynes rejoined HALL Group in 2000 after working more than 7 years at GE Capital Real Estate as Vice President and Program Manager. At GE Capital Real Estate, Mr. Jaynes was responsible for the performance of equity and debt portfolios valued at more than $2 billion dollars, consisting of over 240 multifamily, office, retail and hotel assets located throughout the country. Mr. Jaynes is a graduate of the Ohio State University, with a BS in business administration and a concentration in real estate.

Jeff Binford

Moderator

CBRE Hotels Advisory | Capital Markets

Jeffrey W. Binford, CHA is a Director in CBRE Hotels Consulting, a subsidiary of the CBRE Group, Inc. (NYSE:CBG) based in Dallas. Mr. Binford has over 40 years in the hospitality industry with diverse disciplines, including market feasibility, appraisal, franchise and management agreements, individual and multi-property management, asset management, and individual and mixed-use hospitality developments. Mr. Binford works with many clients as Advisor, Receiver, Property Manager and Asset Manager.

Mr. Binford began his hospitality career operating full-service hotels under differing brand names, sizes and geographic locations. He was part of multiple pre-opening teams for hotels from 300–2,000 rooms, both as temporary and permanent management positions. His detailed understanding of operations coupled with his expertise in forecasting and budgeting, allows Binford to consistently achieve top profits and service scores.

Prior to CBRE Hotels, Binford served as Managing Director of an international hospitality consulting firm, directly responsible for a portfolio of distressed assets. He also served as Vice President of Development for two large franchise and management organizations, responsible for franchising new-construction developments under multiple brands and soliciting third-party management agreements. His efforts resulted in multi-year awards for both quality and quantity franchise developments with highest per-unit sales. He also previously served as Senior Manager for Pannell Kerr Forster in Dallas.

Mr. Binford personally worked on hundreds of hotels, valued well over $1 Billion with most industry brands, including Wyndham Hotels & Resorts, Hilton, Marriott, Hyatt Hotels and Resorts, Choice Hotels and InterContinental Hotels Group. He has conducted market and economic feasibility studies, operational reviews and appraisals for hotels and resorts across the country.

Binford has a Bachelor of Science degree from the Conrad N. Hilton College of Hotel Management at the University of Houston and earned the designation of Certified Hotel Administrator from the American Hotel and Lodging Association’s Educational Institute.

Mr. Binford served on and chaired many public and private boards and is a frequent keynote speaker, guest lecturer and panelist before a number of industry-related educational institutions, associations and chambers of commerce.

Dallas Forecast

David Kuperberg

David Kuperberg

Head of Development, Dream Hotels

Hyatt

Rani Gharbié

Rani Gharbié

VP of Development and Acquisitions - North America

Virgin Hotels

Larry Hamilton

Larry Hamilton

CEO

Hamilton Properties

Zach Murphy

Zach Murphy

Co-Founder

Pender Capital

Michael Mueller

Michael Mueller

Managing Director

Archtower

Jeff Parsons
Moderator

Jeff Parsons

Project Executive

DPR Construction

David Kuperberg

Head of Development, Dream Hotels

Hyatt

David Kuperberg is the Head of Development, Dream Hotels at Hyatt. In this role, Kuperberg is

responsible for the continued growth and success of Dream Hotel Group’s portfolio of lifestyle brands,

which includes Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels, in emerging and

established markets worldwide. He most recently served as Senior Vice President of Development for

Virgin Hotels prior to joining Dream Hotel Group in 2013.

Kuperberg started his hospitality career in 2004 as Senior Director of Mergers and Acquisitions with

Wyndham Worldwide Corporation, where he oversaw the acquisition of Ramada International from

Marriott, which included more than 200 hotels and resorts worldwide and later launched Wyndham’s

international hotel business. He was then appointed to Vice President of Global Development and

Strategy where he achieved great success leading the acquisition of the TRYP brand from Sol Melia,

representing 94 hotels across Europe and South America, as well as a joint venture with Malta-based

Corinthia Group to acquire and rebrand its 15 European hotels under Wyndham flags.

Prior to joining Wyndham, Kuperberg served as an associate for True North Capital, a New York-based

private equity group and merchant bank that provides financing solutions to companies in the U.S. and

Europe. He also worked as a strategy consultant for Computer Sciences Corporation, where he gained

invaluable experience in the Management Consulting division.

Kuperberg holds a Master of Management degree from Yale University. He earned his Bachelor of Arts

degree in History from the University of California at Berkeley.

Rani Gharbié

VP of Development and Acquisitions - North America

Virgin Hotels

Rani oversees Virgin Hotels growth in North America and works closely with capital partners and strategic investors to increase management agreements and equity positions for new and existing properties.

Rani was most recently the Principal at Cedar Funds, a New York City based hotel and real estate development and investment firm with a focus on progressive hotel assets. Prior to launching Cedar Funds, he worked in key positions in the hotel and real estate industries for over 19 years. He was regional Director of Development MEA, with InterContinental Hotels Group (IHG), where he was responsible for actively expanding IHG’s premier hotel brands, including InterContinental, Hotel Indigo, and Holiday Inn. In this position, he oversaw and contributed to the growth of 19 hotels worth over $1.8 B in real estate value. Prior to IHG, Mr. Gharbié worked for Jones Lang LaSalle where he advised key clients on real estate investment and development projects valued at $4.2 B.

Rani is an Adjunct Professor at Columbia University’s Master in Real Estate program in New York. He holds a Master degree from that program, an MBA from the HEC Business School in Montréal, a Bachelor degree in Hotel Management from the Glion Hotel School in Switzerland, and a Certificate in Hotel Real Estate Investments and Asset Management from Cornell University in New York.

Larry Hamilton

CEO

Hamilton Properties

Larry was born and raised in Chicago, Illinois. At Ripon College (Wisconsin) he was president of the student body, and editor of the campus newspaper. Having majored in history, he had an interest in historic structures that would emerge later in professional life. In his military career, he directed a Czech-German border resident intelligence office during the cold war. In 1970 he joined the Colorado Governor’s Office to build a new downtown campus for the University of Colorado at Denver and two other colleges. The Auraria Campus was the largest capital construction project in state history and today has the State’s largest enrollment. He spared many of the historic buildings then slated for demolition – Tivoli Brewery, St. Cajetan’s Church, the Golda Meir house and a dozen historic structures on 9th Street that today give the Campus its architectural diversity and flavor.

He left higher education for the private sector joining Gerri Von Frellick, the State’s largest retail developer. Larry became an equity investor in several of Von Frellick’s projects and formed Hamilton Properties Corporation in 1976. While his late campus development served as one of downtown’s building blocks, Von Frellick’s regional malls ironically had abetted the flight to suburbia. During the 1980’s Hamilton Properties focused on suburban office parks but Larry remained a downtown proponent and was appointed to the downtown master plan committee by Mayor Federico Pena in 1983. The Denver central business district was then plagued by commercial vacancy, dead after-hours life and lack of residential living. That would change and Larry’s belief in a nation-wide trend to urbanism would cause Hamilton Properties to focus on downtowns and preservation of historic buildings.

Larry helped convince the Holtze organization to depart suburbia and develop a down-town hotel in Denver’s former First National Bank Building. The Magnolia chain was born and he later helped expand it to reconstructed historic buildings in central Dallas and Houston. In the mid-1990s Larry’s son Ted joined Hamilton Properties as a principal. In Dallas, the father son team has been the primary force behind the revitalization of a once dying downtown. Their dynamic mixed use developments, three occupying full city blocks, have preserved historic buildings and strengthened the City’s architectural legacy.

His civic involvements have included leading two foundations and chairing two higher education governing boards, including the Colorado State Board for Community Colleges. He has served on the downtown planning committees for Mayors of both Denver and Dallas and has received various honors and awards for contributions to higher education, business leadership and historic preservation and development.

Zach Murphy

Co-Founder

Pender Capital

Zach is the co-founder and Chief Investment Officer of Pender Capital. Zach co-founded Pender in 2015 and brings over 16 years of experience in both commercial real estate finance and capital markets expertise. Zach oversees the firm’s Investment and Research program which includes deal sourcing, research, and structuring and is a member of the Investment and Research Committee and the Management Committee. Prior to Pender, Zach served as Managing Director/ Senior Vice President for Liberty SBF, a commercial finance company based in Philadelphia, where he was responsible for establishing Liberty’s Western Regional HQ in Los Angeles and directed West Coast originations and operations. Zach personally originated over $60 million of commercial loans during the first year of operations on the West Coast. In 2008, Zach joined Silver Point Capital, LP in New York, a Goldman Sachs partner fund, where he was responsible for commercial real estate loan originations and insurance-linked securities trading. During his tenure at Silver Point, Zach traded more than $500 million in distressed commercial real estate debt, insurance-linked securities, and assets in the capital markets. From 2004 to 2008, Zach served as Senior Vice President/Division Director of Velocity Commercial Capital where he was the company’s highest grossing originator in e

Michael Mueller

Managing Director

Archtower

Michael has been in the hospitality industry over 25 years, leading the acquisition and development of more than $20 billion of hospitality assets. He’s been responsible for the creation and growth of several hospitality companies and brands, including Starwood Hotels & Resorts, W Hotels & Resorts and NYLO Hotels. Michael was the visionary, founder and CEO of the fully integrated boutique hotel brand and operating company NYLO Hotels, which he founded in 2004, and sold to an off-shore investor in 2014.

Prior to founding NYLO Hotels, Michael spent 14 years under the Starwood “umbrella” (Starwood Capital Group and Starwood Hotels & Resorts) where he played an instrumental role in the formation and growth of Starwood Hotels into one of the world’s largest hotel companies as well as the creation and expansion of the innovative W Hotel brand. Michael is a member of the ULI North Texas Hotel Development Council. Born in Anchorage Alaska, raised in Michigan and currently residing in Dallas, Texas with his family, Michaels hobbies include skiing, hiking and travel.

Jeff Parsons

Moderator

DPR Construction

Jeff is a Project Executive at DPR Construction in the Dallas-Fort Worth office, with over 24 years of construction industry expertise. His background provides a balance of private and public sector residential, hospitality and commercial developments, including The Union Dallas, Factory Six03, and Capital One. In his role, Jeff delivers projects successfully by combining strategy, direction and highly motivated leadership with experience, organization, passion and dedication. He oversees commercial and corporate office projects, and guides ongoing preconstruction process and strategic client partnerships. This scope of work encompasses supporting regional growth strategies and administering business development best practices.

Prior to joining DPR Construction, Jeff was an integral team member at a large general contractor, where he worked on many iconic projects in the Dallas area such as the Perot Museum, the Gaylord Texan Resort, the Omni Dallas Convention Center Hotel and One Arts Plaza. He recently served on the Real Estate Council Foundation Board and chaired its Professional Services Committee.

Summary

1) Which Dallas submarkets are most robust, and how does Dallas stack up Nationally?

2) What sources of capital are flowing into hotel projects in Dallas and across the Nation?

3) 2018 marks the ninth consecutive year of rising occupancy, something we haven't seen since the '90s. Where does that put us in the current cycle, and what investment opportunities are still out there?

4) How are the two leading indicators of hotel fundamentals — RevPAR and average daily room rates — faring Nationally, and in Dallas, this far through 2018?

5) From economy to luxury, what chains are the best investment and why?

6) How are top national brands growing profits given the labor shortages, rising influence of unions, and industry competition? 

Venue

The Lorenzo Hotel
1011 South Akard St.
Dallas, TX 75215

Ballroom: SKYE Ballroom, Level 12


$5 Self-Parking

Agenda

Time Activity
12:30 PM
1:30 PM
Coffee, Networking, and Breakfast
1:30 PM
2:15 PM
National Outlook
2:15 PM
3:00 PM
Dallas Forecast
3:00 PM
3:30 PM
More Networking!

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