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San Francisco, California – November 2, 2016 Scott Biethan, head of CBRE Hotels' Consulting, and Kevin Mallory, CBRE Hotels' global head, are pleased to announce Chris Kraus, MAI as the CBRE Hotels' Consulting practice leader for Northern California, the Pacific Northwest and the Rocky Mountain regions. With the recent passing of Thomas E. Callahan, Mr. Kraus has assumed the day to day role of overseeing and running the business' hospitality consulting efforts within those markets.

Mr. Kraus has spent the past 20 years working directly with Mr. Callahan, first with PKF Consulting USA in San Francisco and most recently with CBRE Hotels. Mr. Kraus has successfully completed thousands of hotel consulting projects in both the private and public sectors. He offers expertise in strategic asset advisory assignments, acquisition and disposition due diligence, developer and operator selections, market and economic feasibility studies, impact studies, complex asset and business valuation assignments, litigation support, and development and operation planning. His assignments have covered all asset types including hotels, resorts, golf courses, ski resorts, conference centers, condominium hotels, and the shared-ownership industry and his clients include the industry’s leading lenders, owners, developers, chains and management companies.

Mr. Kraus holds a Bachelor of Science degree from Cornell University’s School of Hotel Administration, maintains an MAI designation, and is a Certified General Real Estate Appraiser in California, Washington, Oregon, Hawaii, Montana and Wyoming.

CBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com

Contact: Deb Searle

deb.searle@cbre.com / +1 303 628 1784

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