NEW YORK, March 3, 2022 /PRNewswire/ — hotelAVE is pleased to announce that CEO and Founder Michelle Russo had been named Jack A. Shaffer Financial Advisor of the Yearthe most prestigious recognition given to the best financial advisor in the hospitality real estate investment industry. The prize was awarded on January 252022 to Americas Lodging Investment Summit (ALIS) at Los Angeles, California.

With over 30 years of hands-on experience in hotels, restaurants, resorts, convention centers, real estate and finance, Michelle is involved in shaping the future outlook that defines how hotelAVE manages its portfolio to maximize results, strategic positioning of assets, negotiations of management contracts, and interacting with senior brand and management executives on behalf of the portfolio.

The ALIS event recognized the hotels, companies and executives responsible for the hospitality industry’s most influential deals in 2021 with the prestigious ALIS Awards. The nominees for the awards were evaluated based on their outstanding business performance across various industry sectors. For the Jack A. Shaffer Financial Advisor of the Year award, Michelle was recognized based on the qualifications of a leader who demonstrates enthusiasm, drive and style in the pursuit of connecting the buyer and of the seller for mutually beneficial transactions. Other finalists in this category included David C. MongeauChairman of Avington Financial Limited, and Daniel C. Peekgeneral manager of Hodges Ward Elliott.

HotelAVE continues to grow its portfolio and expand its team of former hotel owners, operators and professional hospitality advisors who deliver a unique, hands-on operating experience of superior value and above-market returns for hotel owners. In 2021, hotelAVE participated in more than 25% of all North America hotel transactions on $25 million sold, whether as an asset manager for the seller, buyer or to perform acquisition due diligence, lender underwriting or other advisory service.

About hotelAVE
Hotel Asset Value Enhancement (hotelAVE) is the leading independent hotel real estate investment manager providing asset management and advisory services to hotel asset owners, investors and lenders. The organization has provided services to over 1,000 hotels; its current asset management portfolio includes over $7 billion, 22,000 rooms and more than 30 different hotel operators. In addition, hotelAVE recommends a supplement $10 billion of hotel real estate each year, including acquisition due diligence, underwriting, development, financing, manager selection, franchise agreements, repositioning, renovation, disposals and lender services. For more information, visit hotelave.com.

Contact:
Communications Evins
[email protected]

Improving the value of SOURCE hotel assets (hotelAVE)