WASHINGTON, DC-Hotel industry veteran Kevin Hanley has joined the local office of HREC Investment Advisors, a hotel real estate advisory firm, as senior vice president.

A 35-year veteran of the hospitality industry, Hanley was most recently the CEO of Sunburst Hospitality. He has also held senior level positions with Choice Hotels, Manor Care and Motel 6 L.P. His hire represents a bet by the home office that the Mid-Atlantic and Northeast hotel markets will continue to grow—including, and perhaps especially, the Washington DC market, he tells GlobeSt.com.

"I am the second person on the ground in the Washington DC area for HREC," he says. "My appointment will allow the company to get more coverage in DC and throughout the Northeast."

The DC market continues to be a strong local market despite the relatively soft operating fundamentals of the last two years, he says. "We believe those will correct themselves going forward. Local investors are still quite interested in the DC hotel market."

At Colliers International, David Gast has joined as executive vice president in the Tysons Corner office. He specializes in the leasing and sales of commercial property throughout Northern Virginia. Prior to joining Colliers, Gast worked with CBRE and Cambridge Property Group. Gast will be teaming with Andy Klaff and the Colliers Northern Virginia Agency Team.

Marcus & Millichap Capital Corp. has named Richard Gjerulff senior director in the firm's Washington, D.C. office. Gjerulff will be responsible for sourcing, underwriting and obtaining financing for all asset classes of commercial real estate nationwide.

Prior to joining MMCC, Gjerulff was CEO of Congressional Funding USA LLC in Rockville, MD, for more than 20 years.

Ezra Co. has appointed Susan Stoudt director of project management.

Stoudt has worked in the construction and real estate industries for more than 30 years as a project management, developer and general contractor. At Ezra Co., she will head the firm's in-house project management team.

Prior to joining The Ezra Co., Stoudt headed project management for DTZ's Washington office. Before that, she provided project-management services for CBRE and Mark Anderson Associates.

Cresa Washington DC has promoted Matthew Ward to principal.

He was previously a senior vice president, having joined the Bethesda-based company about three years ago from Studley's office in Tysons Corner.

Instant Insights /

Kevin Hanley Joins HREC; A Look at Other New Faces in DC Area Firms

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