Marcus & Millichap Appoints National Director of Hospitality Division
January 31 2022 - 1:00PM
Business Wire
Marcus & Millichap, Inc. (NYSE: MMI), a leading commercial
real estate brokerage firm specializing in investment sales,
financing, research and advisory services, announced today the
hiring of Biran Patel as senior vice president and national
director of the firm’s hospitality division. Patel will be
responsible for overseeing the hospitality division, which focuses
exclusively on providing investment advisory and transaction
services for hospitality, lodging, resort, marina, and golf
properties.
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Biran Patel (Photo: Business Wire)
J.D. Parker, executive vice president and chief operating
officer-Eastern Division, Marcus & Millichap, stated: “We are
thrilled to have Biran lead our hospitality division. His abundance
of experience across all facets of the hospitality industry over
the past 20 years, coupled with our position as the market leader
in limited and select services hospitality sales, provides a unique
and indispensable resource for our clients.” Marcus &
Millichap’s hospitality division is comprised of over 100
professionals who are focused exclusively on providing investment
advisory and transaction services for hospitality and related
specialty types. “The addition of Biran is a key part of our
ongoing commitment to expand our platform and bring industry
expertise to bear in assisting our clients with their investment
objectives,” Parker added.
Most recently, Biran served as an officer for the Asian American
Hotel Owners Association (AAHOA) since 2017 and as chairman from
2020 through 2021. He holds a B.S. in finance from the University
of Texas.
“The hospitality industry has been an integral part of my life,”
said Patel. “I spent my childhood being exposed to every aspect of
the business at my family’s hotels. By learning from the ground up,
I have a unique perspective of the intricacies associated with a
successfully run hotel and have utilized this knowledge throughout
my professional career. I’m excited about bringing my breadth of
hospitality experience and business acumen to Marcus &
Millichap.”
Marcus & Millichap’s Hospitality Division leverages a
network of over 2000 investment sales and financing professional
specialists in offices across the United States and Canada to
expose properties to the largest possible pool of qualified
investors.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals
located throughout the United States and Canada, Marcus &
Millichap is a leading specialist in commercial real estate
investment sales, financing, research and advisory services.
Founded in 1971, the firm closed 8,954 transactions in 2020 with a
value of approximately $43 billion. Marcus & Millichap has
perfected a powerful system for marketing properties that combines
investment specialization, local market expertise, the industry’s
most comprehensive research, state-of-the-art technology, and
relationships with the largest pool of qualified investors. To
learn more, please visit: www.MarcusMillichap.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220131005349/en/
Gina Relva, VP of Public Relations
Gina.Relva@marcusmillichap.com 510-999-1284
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