CBRE Hires Hotel Industry Veteran Olivier Gompel To Expand Midwest Hotel Advisory Practice
LOS ANGELES–CBRE announced today that Olivier Gompel, a veteran of more than 25 years in hotel advisory, operations, asset management and valuation, has joined the company as Managing Director and Practice Leader of the company’s Midwest Hotels Advisory practice.
Based in Chicago, Mr. Gompel will work with Les Linder, Senior Managing Director for CBRE Valuations and Advisory Service’s Midwest Division, and Tommy Crozier, National Practice Leader of CBRE Hotels Advisory, to expand CBRE’s Hotels Advisory practice in the Midwest. The practice represents hotel owners, municipalities and lenders by providing project feasibility, operator searches, development advisory, acquisition due diligence, asset management and other services.
“Olivier brings a wealth of knowledge and experience to both our Midwest Hotels Advisory practice and our global hotels platform,” Mr Linder said. “He has been an industry leader in the management and study of complex assets for many years. We are confident that the service and expertise our Hotels Advisory team delivers to our clients will be unmatched in the industry.”
Prior to joining CBRE, Mr. Gompel worked for Hyatt Corp. There, he built the company’s feasibility department and oversaw all feasibility analyses worldwide, leading a global team of 21 associates. During his tenure with Hyatt, Mr. Gompel underwrote $2.5 billion in acquisitions and $3 billion in corporate owned, new-build developments. Mr. Gompel also supported Hyatt’s internal asset management of more than 50 owned hotels, handled underwriting of capital and expansion projects and helped with optimization strategies for guestroom inventory and project amenities.
Prior to Hyatt, Mr. Gompel worked as a Senior Associate in the International Hospitality & Leisure Practice of PricewaterhouseCoopers LLP from 2004 to 2007 and as an Advisory and Asset Management Associate with JLL Hotels in Paris, London and Miami from 2000 to 2004. Earlier, he worked in operations for various hotels, including Novotel Bagnolet in Paris, Hotel Ritz in Paris and Le Meridien in Boston, MA.
He earned his Master of Business Administration in International Hospitality Management from Cornell University and a Bachelor of Arts in Political Studies from Bard College in New York.
“There is an increasing level of sophistication required to properly evaluate the performance of hotel real estate in this highly volatile economic environment,” Mr. Crozier said. “As such, the role of a professional hotel advisor has become that much more critical. The addition of Olivier to the CBRE team furthers our abilities to provide world-class services to our existing and prospective clients.”