Editorial Board   Guest Author

Ms. Fugitt-Schultz

Julie Fugitt-Schultz

Co-Practice Leader Hotels Specialty Practice Group, Integra Realty Resources

Julie Fugitt-Schultz, CCIM, a seasoned real estate valuation expert with more than two decades of experience, serves as Co-Practice Leader of Integra Realty Resources' Hotels Specialty Practice Group, which offers valuation services for lending, market/feasibility studies, insurance appraisals, and litigation support.

Over the past 36 months, IRR has completed 2,500 hospitality assignments totaling more than $25 billion in asset value, ranging from small, independently owned bed and breakfasts, to major luxury hotel brand portfolios.

In addition to her role as National Co-Practice Leader of IRR's Hotels Specialty Practice Group, Ms. Fugitt-Schultz serves as Director of Hospitality Valuation of the IRR-Memphis/Jackson office. Her experience spans across a broad range of commercial real estate valuation assignments with an emphasis on trophy quality assets and hospitality properties, along with acquisitions experience for institutional quality assets with single asset values ranging from $200 million to over one billion dollars.

Prior to joining IRR, Ms. Fugitt-Schultz served as Vice President of JLL, where she focused on appraisals, market studies, and consulting assignments nationwide.

Notable valuation assignments include The Drake Hotel, an iconic Chicago, Illinois landmark hotel with 535 luxury guest rooms; The Peter Island Resort and Spa, a five-star, luxury resort in British Virgin Islands featuring 55 deluxe beachfront rooms and villas; and the Ritz Carlton Hotel and Residences, a luxury five-star, 13-story resort located on Key Biscayne island in Florida, featuring 450 guest rooms.

Integra Realty Resources (IRR) is the largest independent commercial real estate valuation services firm in North America, covering more than 60 markets with nearly 600 employees throughout the United States, and the Caribbean.

Please visit http://www.irr.com for more information.

Ms. Fugitt-Schultz can be contacted at +1 703-965-1406 or jschultz@irr.com

Coming up in April 2021...

Guest Service: Health and Safety First

Though expectations are that hotels will return to some semblance of normalcy in 2021, their highest priority must continue to be the health and safety of guests and employees. To that end, hotels are training their guest service personnel in enhanced cleaning routines, which include the following practices - bathrooms, elevator buttons, remote controls and other high-touch items, are disinfected and cleaned with a higher frequency; all tables, chairs and menus in restaurants are cleaned at a much higher frequency, and after each seating; floor markers in public areas to remind guests and team members to maintain physical distance; hand alcohol stations and disposable gloves in lobbies and restaurants; loose items such as pens, note pads and information material removed from rooms and meeting rooms; limiting the number of seats in restaurants and public areas; and revised food & beverage offerings. The April issue of the Hotel Business Review will review how guest service personnel are being trained to maintain health and safety protocols in their operations.