X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Two DC area hospitality consultancies have decided to merge operations to create a full-service hotel asset management and advisory firm. The new company, Revpar International, is the combination of Lazer Lodging, an asset management company launched in June 2006 and Revpar International, a hotel consultancy and advisory firm founded in 1992.

Richard Pastorino and Randall Carroll, founders of Revpar and Lazer Lodging, respectively, are assuming leadership positions in the new company, which will be undertaking consulting assignments and asset management for hospitality owners and lenders. Pastorino will serve as managing director; Carroll as president. Prior to forming Lazer Lodging, Carroll was SVP of Real Estate & Asset Management for MeriStar Hospitality Corp.

Pastorino says he did not consider a merger of any sort until recently. “After careful scrutiny, I did not hesitate to conclude that a merger with Lazer Lodging is the best way to elevate our advisory platform and expand our abilities to serve the many loyal clients of Revpar International.”

REVPAR also has a Miami office headed by SVP Christopher Cylke. The Miami office focuses on the hospitality markets of Florida, the Caribbean and Latin America.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.