Neptune and HREC Merge
JANUARY 22, 2009 - Mike Armstrong, president and founder of Neptune Hospitality Advisors, Inc. and Mike Cahill, CEO & founder of HREC - Hospitality Real Estate Counselors, are excited to announce a merger of the two firms effective immediately. The combined investment banking and brokerage firm will operate under the existing HREC Investment Advisors banner. Mr. Armstrong has become a partner/principal in HREC Investment Advisors.
"For us, this merger is a matter of bringing together the skills and experience of our two organizations," notes Mike Armstrong. "We will be able to provide a higher level of service to our brokers and clients, which should lead to more opportunities in the market."
"The combined platforms of both firms will offer our clients even greater geographic presence with the addition of offices in San Diego, CA and Dallas, TX and strategic enhancements to our capital markets practice," states Mike Cahill. "Neptune's expertise, intellectual capital, client base and corporate culture are highly complementary and synergistic with HREC's existing business practice."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
