Appointments & Promotions

Mark Lukens Joins HREC as SVP

Establishes New Office in Seattle

February 15, 2010 - HREC, North America’s leading hotel and casino real estate advisory firm, is pleased to announce that Mark Lukens, MAI has joined the firm as a Senior Vice President and will be in charge of a new HREC office in Seattle, Washington.

Mr. Lukens has over 25 years of experience in all facets of the hospitality real estate, including: brokerage, appraisal/valuation, feasibility consulting, management and franchise sales, acquisitions, development, asset management, and strategic planning. This broad background gives him a uniquely practical and balanced perspective when approaching brokerage and consulting assignments.

Prior to joining HREC, he served as Senior Vice President for Jones Lang LaSalle Hotels, heading up their Seattle office, and Vice President of Acquisitions for Wyndham Worldwide, acquiring property for their timeshare group. Prior to that he served as a Director of Development for Starwood Hotels & Resorts. He also has extensive hospitality consulting experience with HVS International and PKF Consulting. He started his hospitality career in hotel management with InterContinental Hotels. He holds the MAI designation from the Appraisal Institute, an MBA from the University of San Diego, and a BA in Hotel Administration from Washington State University.

“I embrace the firm’s philosophy of being a long-term trusted advisor to those active in hospitality investments,” said Lukens. “The HREC platform, with great market knowledge and skill sets combined with a team approach that works collaboratively on every opportunity, will provide the highest quality service platform for my clients. I am excited to be opening the new Seattle office and working as part of the HREC team to become the dominant company in this part of the country.”

“I am excited to have Mark as part of the HREC team,” states Mike Cahill, CEO and founder of HREC. “As an experienced and trusted lodging and gaming real estate counselor, Mark will rapidly become a valuable part of HREC’s national team of brokerage and consulting experts.”

About HRE
HREC has been expanding its network of offices across the country in anticipation of a significant upturn in hotel transactions beginning later this year. Over the past year, the company has also added offices in San Diego, Atlanta, Orlando and Phoenix. On the West Coast, the Seattle office will be a synergistic addition to the company’s other locations in Los Angeles and San Diego.

HREC is the nation’s leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), asset management and litigation support. With 13 offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization.

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