| McLean, Virginia � December 6, 2004 � Rob Koger, President of Molinaro
Koger, announced today that one of the hospitality industry�s leading experts
in funding, Edward Blum, has joined the firm as Managing Director, Capital
Markets. He will be responsible for providing financing to MK�s current
client base, both domestically and internationally.
�Given Ed�s superior grasp of hotel-specific lending, including debt, equity and mezzanine sources, I am confident that he will make a high-level contribution to Molinaro Koger and to our clients. We have long provided funding assistance to clients, in relation to transactions, development and refinancing. Ed�s capabilities will allow us to expand these services and further integrate our full range of advisory and intermediary capacities.� During the course of his 20-year hospitality real estate career, Mr. Blum has developed highly effective skills in corporate finance, real estate acquisitions, investment analysis, mergers and acquisitions, venture capital, capital raising, lender and investor relations, and corporate workouts both domestically and internationally. Most recently Mr. Blum served as Senior Vice President of Finance, Europe, to Wyndham International. In this role he restructured Wyndham�s European investments selling off nearly $300 million of non-core assets, refinancing existing debt facilities and streamlining ongoing businesses. He negotiated acquisitions and developed hotels to build upon core assets including transactions completed in United Kingdom, France, Italy, and Spain. Mr. Blum�s previous professional experience includes serving as Chief Financial Officer of Grand Heritage Hotel Group, Vice President of Capital Markets, Mergers and Acquisitions at Patriot American Hospitality and as Chief Financial Officer of the Imperial Hotel Corporation. �I am enthusiastic about joining forces with Molinaro Koger,� said Mr. Blum. �I believe the company�s impressive commitment to client results is unparalleled.� Ed Blum will be based at Molinaro Koger�s U.S. headquarters. He can be contacted at 703.760.9600 or [email protected]. About Molinaro Koger
Molinaro Koger is an international hotel real estate advisory firm. The company structures boutique through luxury hotel transactions throughout the Americas and Europe. MK is headquartered in metro-Washington, DC, and has offices in London, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles and Phoenix. Over the past decade the firm has captured the industry�s leading hotel transaction awards including Highest Volume, Largest Transaction and Salesman of the Year. Joseph Molinaro founded the firm in 1959, and since then Molinaro Koger has successfully marketed hotel real estate, sponsored limited partnerships, and arranged financing for purchasers. Given the cyclical nature of real estate, the firm has weathered an array of highs and lows during the course of its 44-year history. Throughout that time, the company has grown and assisted clients in achieving their investment goals. �With each lodging real estate cycle we gather strength, expertise and contacts enabling us to better serve our clients best interests regardless of economic highs or lows,� says President Robert Koger. �The results we achieve are directly attributable to the commitment and expertise of our professional staff.� Molinaro Koger can be accessed online at www.molinarokoger.com. |
