Patrick Webber

Patrick Webber Email and Phone Number

Vice President, Global Asset Management @ Marriott International
Patrick Webber's Location
Irving, Texas, United States, United States
Patrick Webber's Contact Details

Patrick Webber personal email

n/a

Patrick Webber phone numbers

About Patrick Webber

Seasoned executive with expertise in a broad range of functions in hospitality and real estate. Extensive experience in asset management, hotel operations, underwriting, development and finance. Uniquely positioned with a broad range of skills to lead multidisciplinary departments and organizations. Core competencies include:• Due diligence • Operations • Finance • Asset acquisitions and dispositions • Strategic planning • Value enhancement • Revenue maximization • Project management • Compliance

Patrick Webber's Current Company Details
Marriott International

Marriott International

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Vice President, Global Asset Management
Patrick Webber Work Experience Details
  • Marriott International
    Vice President Asset Management
    Marriott International Nov 2023 - Present
    Roma, Italia, It
    Joined Marriott International, Global Asset Management organization to work closely with the ownership group of hospitality's premier Marriott branded assets. The partnership with the owners of our brands is of critical importance.
  • Webber Elite Products
    Managing Member
    Webber Elite Products May 2023 - Present
    Co-Founded Webber Elite Products, a promotional products company focused on high quality products and best in class customer service. Our clients include large companies like Clemens Food Group, Aimbridge Hospitality, Pyramid/Benchmark Global Hospitality, Hershey Entertainment & Resorts as well as small independent restaurants, coffee shops and bars.
  • Fortress Investment Group
    Senior Vice President Asset Management
    Fortress Investment Group Feb 2022 - May 2023
    New York, New York, Us
  • Fortress Investment Group
    Vice President Asset Management
    Fortress Investment Group May 2020 - Feb 2022
    New York, New York, Us
    Joined Fortress to expand my knowledge base into Private Equity. Fortress is a leader in this space. The role is to add value throughout the life cycle of the deal, from acquisition, operations, finance and disposition.
  • Pwd Group, Llc
    President/Ceo
    Pwd Group, Llc Apr 2019 - May 2020
    Founded PWD Group, a boutique asset management and development consulting firm.· Consulted on urban select service developments in Dallas, TX and Tampa, FL.· Built client base for third party asset management and consulting company.
  • Host Hotels & Resorts
    Vp Asset Management
    Host Hotels & Resorts Dec 2012 - Mar 2019
    Bethesda, Maryland, Us
    Managed large complex urban and resort assets with the nation’s largest REIT. · Managed a large diverse portfolio of assets from urban select service to very large convention/full service and resort properties both brand managed and third party managed.· Supervised assets consisting of 6,252 rooms and over $2 billion in value. Exceeded key metrics to drive value from $1.8 billion to over $2 billion.· Completed over $60 million of value enhancements from small energy Return on Investment (ROI) to large complex value enhancements including expanding room counts, adding meeting/ballroom space, outsourcing F and B and operational departments.· Oversaw several major renovations of both guestrooms, meeting space and public space with a focus to maximize impact while staying within the escrow reserve and limiting disruption.· Oversaw the complete rebranding of the YVE Hotel Miami, a 243 key boutique hotel that Host acquired in downtown Miami. · Analyzed several assets for conversion from brand management to third party management. Converted brand managed hotels to third party management, as well as renegotiated new management agreements to keep the brand manager where it showed better economics and the best solution for Host.· Assisted in the disposition of several non-core assets. Sourced an off-market acquisition brought by an industry colleague.
  • Ashford Hospitality Trust
    Vp Asset Management And Underwriting
    Ashford Hospitality Trust Jul 2005 - Dec 2012
    Dallas, Tx, Us
    Joined Ashford to get back into the hospitality industry full time as Milton Fine began to focus on 1031 transactions in office and multifamily as part of his more conservative approach to his estate planning. In my dual role as VP of Asset Management and Underwriting, I focused on new investments as well as maximizing the value of the existing portfolio.· Led underwriting of all acquisitions and mezzanine financing for over $5 billion worth of investments including the acquisition of CNL for $2.4 billion and the Highland Hospitality/JER portfolio for $1.3 billion.· Underwrote all proformas and due diligence efforts submitted to the CEO and Board of Directors for final approval. · Performed all due diligence for acquisitions, communicated with senior management of all findings from third party PCA’s, ECA’s, market studies and appraisals. Prepared board packages to present opportunities for final approval by the Board of Directors.· Responsible for the asset management of a large diverse portfolio of assets including select service, full service and resort properties both brand and third party managed.· Oversaw capital planning, long term strategic plans, compliance with management and franchise agreements, as well as asset value enhancement through revenue maximization and cost containment plans facilitated through the property management and corporate teams.· Sourced acquisitions that came through industry contacts that were not mass-marketed and therefore not seen by acquisition team.
  • Ffc Capital
    Sr Director Of Development And Feasibility
    Ffc Capital Jul 1998 - Jun 2005
    Joined FFC Capital to work closely with industry icon Milton Fine, Chairman and Co-Founder of Interstate Hotels Corporation (IHC) and FFC Hospitality. FFC also diversified its investment strategy to include multifamily residential, retail and industrial office assets while disposing of non-strategic hotel assets.· Ran complex modeling for all FFC Capital acquisition/development opportunities in hospitality, multifamily, student housing and office real estate spaces.· Negotiated Letters of Intent, Partnership Agreements, and Purchase and Sales Agreements for several Class A multifamily residential acquisitions and developments.· Analyzed and provided solutions to several complex 1031 exchange scenarios.· Assisted in due diligence for multiple university housing projects including feasibility and land assemblage for a $42 million student housing community at The Ohio State University, and a $29 million project adjacent to Duke University.
  • Interstate Hotels & Resorts
    Controller
    Interstate Hotels & Resorts Feb 1989 - Jul 1998
    Plano, Texas, Us

Patrick Webber Skills

Hospitality Management Accounting Real Estate Development Budgets Asset Management Resorts Due Diligence Food And Beverage Hospitality Pre Opening Hotels Revenue Analysis Real Estate Economics Financial Analysis Hospitality Industry Acquisitions Forecasting Yield Management Real Estate Hotel Management Contract Negotiation Restaurants

Patrick Webber Education Details

  • Shippensburg University Of Pennsylvania
    Shippensburg University Of Pennsylvania
    Accounting

Frequently Asked Questions about Patrick Webber

What company does Patrick Webber work for?

Patrick Webber works for Marriott International

What is Patrick Webber's role at the current company?

Patrick Webber's current role is Vice President, Global Asset Management.

What is Patrick Webber's email address?

Patrick Webber's email address is pa****@****els.com

What is Patrick Webber's direct phone number?

Patrick Webber's direct phone number is (800) 275*****

What schools did Patrick Webber attend?

Patrick Webber attended Shippensburg University Of Pennsylvania.

What skills is Patrick Webber known for?

Patrick Webber has skills like Hospitality Management, Accounting, Real Estate Development, Budgets, Asset Management, Resorts, Due Diligence, Food And Beverage, Hospitality, Pre Opening, Hotels, Revenue Analysis.

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