Kolter Hospitality, a division of The Kolter Group, hired Sameer Nair as VP of hotel acquisitions. Nair will be responsible for growing Kolter's hotel portfolio by leading deal acquisition efforts such as sourcing, negotiating and executing of transactions, underwriting and capital structuring. Kolter looks to acquire upper upscale and extended stay institutional branded hotels in U.S. markets with high density and barriers to entry, walkable amenities and diversified demand generators.
“Sameer joins our team with incredible experience and success in hotel acquisitions. With his hard work and guidance, we expect to continue our positive growth and reputation in the hospitality industry,” Scott Webb, president of Kolter Hospitality, said in a statement
Nair brings more than seven years of real estate experience to his new role, including acquisitions, asset management, development and special servicing. Previously serving as VP of hotel investments at Banyan Investment Group, Nair completed $120 million in transactions across Marriott, Hilton and Intercontinental Hotels Group franchised hotels. He was responsible for all deal deliverables from identification of target assets to conducting the closings. Prior to Banyan, Nair was a senior analyst at the Aztec Group, where he assisted on private equity investments of $185 million in value-add acquisitions, and four developments valued over $100 million in Miami.
“I am thrilled to join the Kolter Hospitality family as its industry reputation, culture and dynamic platform is garnering attention. I look forward to increasing their presence in the lodging industry,” Nair said in a statement.
Kolter Hospitality, based in West Palm Beach, Fla., specializes in hotel management, development and acquisitions in the hospitality sector. Kolter Hospitality currently operates eight hotels in Florida totaling more than 1,300 keys in Boca Raton, Delray Beach, West Palm Beach, Palm Beach Gardens, Fort Lauderdale, Estero, Sarasota and St. Petersburg. In the development and construction stages are additional hotel projects in Orlando, Palm Beach Gardens, Delray Beach and Fort Lauderdale, which will grow the portfolio to more than 2,100 keys total.