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.
“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.”