CBRE today announced that Tommy Crozier has joined Valuation & Advisory Services (VAS) as executive vice president and leader of the firm’s CBRE Hotels valuation platform.
Mr. Crozier will be responsible for developing, leading, and coordinating a national team of hotel appraisal specialists in key markets across the United States. An industry veteran, he has nearly 20 years’ experience in specialized hotel practice.
Based in Charlotte, North Carolina, Mr. Crozier will report to Richard West, executive managing director, Valuation & Advisory Services. He will work closely work with Tom Huffsmith, senior managing director, CBRE Hotels, and with CBRE’s industry-leading hotel research group.
“This key hire is part of our strategy to drive exceptional client experiences resulting in better outcomes for CBRE’s hotel appraisal and advisory clients. Tommy brings a depth of knowledge that is unmatched in the industry and will be a key addition to our valuation team as we continue to expand our capabilities within the hotel space,” said Mr. West.
“A dedicated hotel valuation practice will enable Tommy and his team to provide our clients with leading advice performed by experienced industry specialists and backed by the most comprehensive hotel database in the industry,” said Mr. Huffsmith.
“We have built the largest commercial real estate appraisal service in the Americas through our unrivalled expertise in the core property types of office, retail, industrial and multifamily. By leveraging our scale and experience, and through key strategic senior hires such as the appointment of a leader in the hotel space, we will continue to grow our market share in the specialist property types,” said Thomas B. McDonnell, president, VAS, CBRE.
Prior to rejoining CBRE, Mr. Crozier was a senior director within the Valuation & Advisory Hospitality & Gaming group at Cushman & Wakefield. He was previously at CBRE, where he held the position of vice president within VAS and was one of the original members of the Hospitality & Gaming specialty practice. During this time, Mr. Crozier also worked with CBRE Hotels in the capital markets group as an investment sales broker.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.
About CBRE Valuation & Advisory Services
CBRE’s Valuation & Advisory Services provides appraisal, property condition, market studies, feasibilities, underwriting due-diligence, environmental, zoning and telecommunication consulting services to a broad base of local, regional and global clients. It has a professional staff of more than 1,700 appraisers, engineers, architects and environmental scientists in more than 300 major metro areas globally. CBRE was named the leading global valuation services provider in the 2016 Euromoney real estate awards for the fifth year in a row.
