Rick Rush Email & Phone Number

After 14 years acquiring hotels on the principal side, Rick pivoted to investmet sales in 2015. He has executed $1.9B of hotel and resort transactions, primarily in the upper-upscale and luxury space and has adopted an extremely formulaic method for maximizing asset value. Notable transactions:___New York Palace, NYC$805m lease-hold interest (fee simple equivalent value $1.3B)The 3rd largest single hotel asset transaction in U.S. history at saleSold to Lotte Group of Seoul, for Northwood Investors ___7-Hotel Portfolio, NYC$385m refinancingREIT and Chinese PE firm___Royal Palms Resort & Spa, Scottsdale 2nd Highest hotel or resort price per key ever, in the State of AZ at saleSold to Hyatt Corp.___Halcyon, Denver Cherry Creek N#1 Highest price per key ever in Denver, at sale$130,000 per key premium over the Ritz Carlton trade the previous yearSold to PE firm___Hilton Garden Inn, Austin CBD#1 Highest price per key ever in the premium, select-service category, in the State of TexasTransacted 4 months following opening, zero cap rateSold to Blackstone___Homewood Suites, Austin CBD#1 Highest price per key ever, in the premium select-service category, in the State of Texas Surpassing Rick’s Hilton Garden Inn transactionSold to a private REIT___Red Mountain Resort, Ivins/St. George, UT$1m per acre for 60 acresPotential luxury residential and/or, resort covered land playSold to PE firm___Born at Denver Union Station#1 Highest price per key ever in Denver$753,000 or $151m Surpassing Rick’s Halcyon trade by $131,000 per key Sold to Aspen Hospitality, owned by the Crown Family (2023)___Canopy Scottsdale Old Town #1 Highest Price per key ever in Old Town Scottsdale$575,000 per key or $102mSurpassed next closest per key trade in Old Town by $233,000Highest per key ever in Phoenix, for a non-resort hotel Sold to an endowment. (2023)Rick.Rush@CBRE.comRickRush@Zoho.comCell: 303.882.5027

Listed skills include Real Estate, Due Diligence, Investments, Mergers And Acquisitions, and 32 others.