Walker & Dunlop, Inc. introduced immediately its strategic transfer into Hospitality Funding Gross sales with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow will lead Walker & Dunlop’s hospitality observe and be accountable for the origination and execution of hospitality funding gross sales and capital placement throughout the USA. He can be based mostly in New York.
The hospitality funding gross sales market has proven resilience submit pandemic as annual quantity for 2020 was $12.8 billion in comparison with $49 billion in 2022. Main city markets are experiencing sturdy hospitality working fundamentals pushed by enterprise and leisure journey, which has pushed common each day charges in sure metros above their pre-pandemic averages.
Morrow focuses on institutional-grade resort and resort property transactions all through North America, together with funding, model advisory and capital placement with home and worldwide patrons. Previous to becoming a member of Walker & Dunlop, Morrow spent over 15 years at Hodges Ward Elliott, main the agency’s New York Metropolis resort staff and finishing in extra of $20 billion in lodging transactions.
Walker & Dunlop has a breadth of capital markets expertise inside the hospitality sector throughout fairness, debt capital, valuations, mortgage servicing and funding banking. Consultant offers embrace:
- Aman New York Lodge & Residences: $754M
- SOHO Seashore Home Miami: $140M
- The Moxy and AC resort Los Angeles: $325M
- The Lexington Lodge New York: $155M
Walker & Dunlop
Bethesda, Maryland
United States
