Hotel Asset Value Enhancement (hotelAVE)
Loren Balsam, CFA has over 30 years of work experience in the finance and real estate industry. Most recently, they served as the Chief Investment Officer at Hotel Asset Value Enhancement (hotelAVE), where they provided asset management and advisory services for over 1,000 hotels. Prior to that, Loren was a Managing Director at PRP LLC, where they sourced and closed private real estate equity deals. Loren also worked as a Senior Investment Officer at Fidelity Investments and held managerial positions at E & Y Kenneth Leventhal and Coopers & Lybrand. Overall, Loren's work experience showcases their expertise in real estate investment management and financial analysis.
Loren Balsam, CFA's education history includes obtaining a Master of Business Administration (MBA) degree in Accounting and Finance from Cornell Johnson Graduate School of Management, which took place from 1989 to 1990. Prior to that, they completed a Bachelor of Science (BS) degree in Hotel Administration at Cornell University, where they studied from 1985 to 1989.
Hotel Asset Value Enhancement (hotelAVE)
Hotel Asset Value Enhancement (hotelAVE) is the leading independent hospitality real estate investment manager providing asset management and advisory services to owners, investors and lenders of hospitality assets. The organization has provided services on over 1,000 hotels; its current asset management portfolio comprises over $5.5 billion, 22,000 rooms, and over 30 different hotel operators. In addition, hotelAVE advises on an additional $10 billion of hotel real estate annually, including acquisition due diligence, underwriting, development, financing, manager selection, franchise agreements, repositioning, renovation, dispositions, and lender services. Founded by one of Lodging Magazine’s 2015 Leading Influential Women, Michelle Russo, hotelAVE features a 48-member management team consisting of former hotel owners, operators and hospitality professional advisors, who provide a unique and hands-on operating experience of superior value and above-market return for hotel owners. hotelAVE supports clients in the Americas, including LATAM from its headquarters in Providence, R.I. and its regional offices in New York, Los Angeles, and Miami.