Fairfield, NJ (PRWEB) October 25, 2011
David Landau & Associates, LLC, a leading provider of advisory services to private equity, hedge funds, REITs and other public and private real estate and financial services firms, announced that Michael Sullivan has joined the firm as a managing director.
Sullivan, 43, who has more than 20 years of experience in the real estate industry, will serve as the main contact for some of the firm’s core clientele, as well as generate new business opportunities, including growing the firm’s hospitality practice.
“Michael Sullivan will serve a crucial role at DLA as our main point of contact for some of our core clientele,” said David Landau, president and CEO of DLA. “We are thrilled to be able to leverage his vast experience in the real estate industry to grow our business. His knowledge of the hospitality sector in particular will serve as a great springboard for DLA as we expand our presence in that arena.”
Prior to joining DLA, Sullivan served as managing director and head of hospitality for Gemini Real Estate Advisors, a New York based real estate investment firm. He was responsible for the hospitality platform at the firm, which owns and operates a portfolio of hotels in New York and along the East Coast, and provides third-party hotel management services. Gemini Real Estate Advisors has been one of the most active hotel groups in New York. Sullivan was also a member of the firm’s investment committee.
Earlier, Sullivan was a vice president at Starhotels International Corporation, where he was responsible for global acquisitions, with a focus on the United States and Europe, as well as global strategy, branding and management of the firm’s U.S. operating company. The firm’s portfolio includes 22 hotels in Italy, France and the United States, and residential holdings in New York.
Sullivan previously served as vice president of asset management at Sunstone Hotel Investors, where he was responsible for the asset management of all third-party managed hotels in preparation for its 2004 IPO. He was also a vice president at Colony Capital, where he was responsible for the asset management and acquisition of approximately $1 billion of hospitality related assets for the international private equity firm. Earlier, Sullivan was a manager at ITT Sheraton Hotel Corp., leading the worldwide internal audit function for the international hotel company. He started his career as an auditor with PriceWaterhouse.
Sullivan received a bachelor’s degree in accounting from Boston College’s Carroll School of Management. Sullivan is an active member of the Hospitality Financial & Technology Professionals (HFTP) and the Hospitality Asset Managers Association (HAMA) and has been a speaker at many industry related events.