Reminder: Expert Access: Premier Event: Hotel Investments Lunch with Berkadia and Walker & Dunlop

Research evidence excerpt

Reminder: Expert Access: Premier Event: Hotel Investments Lunch with Berkadia and Walker & Dunlop

Jonathan (Jay) Morrow is a Senior Managing Director of Capital Markets and Head of

Hospitality Advisory at Walker & Dunlop and is based in New York, New York. In this role, he

leads the firm’s hospitality practice and is responsible for the origination and execution of

hospitality investment sales and capital placement nationwide. He specializes in

institutional-grade hotel and resort transactions throughout North America, including

investment and brand advisory and capital placement across domestic and international

capital sources.

Prior to joining Walker & Dunlop, Morrow spent more than 15 years at Hodges Ward Elliott,

where he led the firm’s New York City office and completed more than $20 billion in lodging

transactions.

Morrow earned a Bachelor’s degree in Management from Kennesaw State University,

where he served as captain of the men’s baseball team.

Steve Michels, Senior Managing Director, Berkadia

Steve Michels serves as a Senior Managing Director for Berkadia’s Hotels & Hospitality

platform in New York, NY, where he helps lead a nationally coordinated approach to the

advisory business, across both the investment sales and mortgage banking platforms,

including debt placement, note sales, UCC auctions, and equity recapitalizations.

Prior to joining Berkadia, Michels was at Cushman & Wakefield, where he served as a co-

head of the national hospitality capital markets practice group and held responsibilities

that include advisory of investment sales, joint venture equity, and debt placement. Other

prior experience includes acquisition and operational roles at citizenM Asset Management,

The Marcus & Millichap Company, and Wynn Las Vegas.