O'Connell Hospitality joins HREC

O’Connell Hospitality Group is strategically merging its Northeast hotel brokerage practice with HREC’s national hotel platform, effective Sept. 8, 2016. Going forward, Jim O’Connell will be principal at HREC Investment Advisors and will be HREC’s practice leader in the new Boston office.

Following the merger, O’Connell Hospitality will join Team HREC. O’Connell is already established as a brokerage firm in New England, but will gain access to national accounts through its association with HREC, as well as its 15-office national platform and hotel investor network. Combined, the two firms will present hotel investors with the combined expertise and contacts of roughly 40 lodging and gaming insiders blanketing the North American hospitality industry.

“Our large hotel company and institutional clients can now utilize our unique market knowledge and experience in the Northeast and benefit from the HREC national platform that stretches to both coasts. We can now offer exponentially more resources for brokerage and finance to our clients. The culture of both companies is very similar,” said Jim O’Connell, principal – HREC.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

“HREC is honored to have nationally respected Jim O’Connell and his dynamic team become valued members of the HREC family,” said Mike Cahill, CEO & founder of HREC. “All of HREC’s national clients will directly benefit from the addition of a premier, institutional owner quality office in Boston, close on the ground and living the pulse of the New England hotel scene 24/7.”

Suggested Articles

The online event consolidated five in-person events into the two-day Hotec Global virtual conference.

The November edition of PwC’s "U.S. Hospitality Directions" suggests the second half of 2021 may bring some recovery for the industry.

These key technologies can help hoteliers meet the needs of the pandemic holiday traveler.