National Hospitality Group hired 50 additional hospitality
specialists and recently became a leading broker in this sector
Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and
Canada, has named Peter L. Nichols national director of its National
Hospitality Group (NHG), according to John J. Kerin, president and chief
executive officer. Most recently, Nichols was senior vice president of
business development with Richfield Hospitality.
“Peter has 20 years of industry experience, including significant
brokerage experience, deep industry contacts, and hotel operational
experience,” says Kerin. “His background is exceptionally well suited
for this role.”
Marcus & Millichap’s National Hospitality Group achieved exceptional
growth in the past three years, hiring 50 additional hospitality brokers
and becoming a leading broker in the sector.
“Our clients in the hospitality sector will benefit greatly from Peter’s
knowledge and leadership skills, as will the NHG’s investment
specialists,” adds Gregory LaBerge, Marcus & Millichap’s former NHG
national director, now the firm’s chief administrative officer.
Nichols’ experience includes acting as regional and general manager of
Promus Hotels, now Hilton, followed by four years as president and
founder of Signature Hotel Group, where he worked in the acquisition of
boutique hotels. In 2003, he joined one of the industry’s premier hotel
brokerage firms, Hodges Ward Elliot, as vice president. There, he
devoted 10 years to working with a team of agents in the listing,
marketing and sale of more than 250 hotels, totaling nearly $6 billion
in hotel transactions. Most recently, Nichols was senior vice president
of business development for Richfield Hospitality where he managed a
team of senior level executives on acquisitions, underwriting, due
diligence and hospitality investments.
Nichols was a three-time All-America swimmer at Southern Connecticut
State University before transferring to Johnson & Wales University where
he earned his degree in Hospitality and Lodging Management.
About Marcus & Millichap (NYSE: MMI)
With over 1,500 investment professionals located throughout the
United States and Canada, Marcus & Millichap is a leading specialist in
commercial real estate investment sales, financing, research and
advisory services. Founded in 1971, the firm closed over 7,600
transactions in 2014 with a value of approximately $33.1 billion. The
company has perfected a powerful system for marketing properties that
combines investment specialization, local market expertise, the
industry’s most comprehensive research, state-of-the-art technology, and
relationships with the largest pool of qualified investors. To learn
more, please visit: www.MarcusMillichap.com
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