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CBRE Acquires PKF Consulting

Toronto Hotel

CBRE has acquired PKF Consulting Inc (PKF Canada), a firm established in 1970 that during the past four years has provided advisory services for more than $4B worth of hotel assets nationwide. CBRE Hotels EVP Bill Stone (above) notes the combination of PKF’s proprietary data and research with CBRE’s existing brokerage and valuation services will help to better integrate its hotel operations and physical real estate. PKF’s national managing director, Brian Stanford, noted the acquisition by CBRE makes his firm “well-positioned to grow our practice here and abroad.”

Related Topics: CBRE, PKF, Bill Stone, Brian Stanford