San Francisco, California – Aug. 1, 2017 – CBRE announced that Julie Purnell has joined CBRE Hotels as managing director. Based in the firm’s San Francisco office, Ms. Purnell will bolster the firm’s advisory practice in the Northwest and Mountain regions.A widely recognized and accomplished industry veteran, Ms. Purnell has more than 25 years of experience in strategic planning, business development, acquisition and disposition due diligence, development, and asset management in the hotel sector. She will work closely with Chris Kraus, managing director and northwest and mountain advisory practice leader, CBRE Hotels.
Mr. Kraus noted, “Julie’s diverse industry perspectives along with her deep market knowledge will be instrumental to our continued growth throughout the San Francisco Bay Area and Pacific Northwest thus reinforcing CBRE Hotels as the premier advisory firm in the region.”
Tom Huffsmith, senior managing director and advisory practice leader, CBRE Hotels, commented, “This is a big win in our ongoing efforts to build a seamless, global suite of world–class services for the hotel sector.”
Ms. Purnell joins CBRE Hotels from Destination Hotels where she most recently served as senior vice president of business development. During her tenure at Destination Hotels, the largest independent hotel & resort management company in the U.S., she was responsible for increasing the company’s portfolio through sourcing opportunities, negotiating agreements, closing transactions, and establishing the company’s presence on the West Coast.
Prior to her tenure at Destination Hotels, Ms. Purnell was a senior vice president at Denihan Investments, where she was responsible for increasing the New York-based independent hotel company’s visibility on the West Coast and achieving investment initiatives. Previously, she also held senior acquisition and development positions at Marriott International, Loews Hotels, House of Blues, and Kimpton Hotels & Restaurants.
“Julie is a highly respected, well-known and proven business development leader with meaningful industry relationships who will tremendously enhance our advisory platform in the northwest and mountain regions. I could not be more excited to have her join us as a key professional as we continue to grow CBRE Hotels into a fully integrated, global platform,” added Kevin Mallory, senior managing director and global head, CBRE Hotels.
CBRE Hotels is a specialized team within CBRE, providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue). The company has more than 75,000 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.