Colliers International South Florida Expands Hotel Expertise
Miami, FL, March 12, 2018 – Colliers International South Florida is expanding its hotel brokerage expertise with the addition of broker John Wijtenburg. As Vice President, Wijtenburg will be specializing in capital markets with a focus on hotel and resort investment sales throughout Florida.
"The development of our hotel expertise represents Colliers’ commitment to boost key speciality areas in response to market changes," said Ken Krasnow, Executive Managing Director for Colliers International South Florida. "With direct tourism spending and annual visitors on the rise, it’s no surprise the tourism industry has a positive $67 billion impact on Florida’s economy. Empowering the hotel and resort development industry with creative real estate solutions is more important than ever."
Wijtenburg brings more than a decade of commercial real estate and finance experience to his new role at Colliers, having conducted underwriting, due diligence and transaction closing for more than $250 million of hotel real estate in the past five years.
He will be joining the team of Colliers Executive Vice President Rich Lillis, adding hotels expertise to core South Florida markets.
"Florida attracts more than 100 million visitors each year, most of them accommodated in our nearly half million hotel rooms," said Lillis. "Hotels are a most dynamic investment class; we take much pride in applying our state-wide market knowledge to advising our clients in many successful transactions."
Lillis serves as National Director of Colliers’ Hotels group, leading a nationwide team of lodging and transaction experts to provide strategic advisory and transaction services to owners, operators and developers of hotel and resort investment properties. While he specializes in properties across the Eastern United States, Lillis has special expertise in Florida’s robust hotel market, currently marketing the 1.84-acre Fort Lauderdale Beach (FLLB) Development Site with approvals for 224 hotel units and the Flagler Village Hotel Development Site on 315 NE 3rd Street, a fully-entitled 200-room urban hotel site.
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About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.
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For further information, please contact:
Paola Iuspa-Abbott on behalf of Colliers International South Florida
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