Daniel Hanrahan II

Daniel C. Hanrahan II, MAI, CRE, is a Senior Vice President of CBRE Hotels Advisory, covering the Northeast Division while being stationed in our CBRE New York Office. Mr. Hanrahan has over 40 years of domestic and international experience in the hospitality industry. This experience includes strategic advisory services involving various commercial, retail, industrial, mixed-use, multi-family, and vacant land projects throughout the United States for a broad array of hotel owners, developers, public REITS, private equity firms, major hotel companies, municipalities, universities and public agencies, to name a few. In addition, Mr. Hanrahan has specialized in, and provided advisory and valuation services to the lodging sector ranging from limited-service to “all-inclusive” resorts located throughout the United States, Mexico, the Caribbean, South America, and Canada. Over his career, Mr. Hanrahan has personally been involved in some of the most significant and identifiable hospitality projects in the locations noted.

Mr. Hanrahan’s experiences encompass virtually every aspect of the hospitality industry, including but not restricted to market feasibility, economic feasibility, various valuations, investment analysis, operational analysis, strategic planning, buy-side due diligence, RFQ/RFP preparation, negotiation and selection process, financing advisory, and litigation support.

Mr. Hanrahan was an owner and founding partner of the hospitality advisory firm Pinnacle Advisory Group, which had offices in Boston, Princeton, and South Florida. Prior to founding Pinnacle Advisory Group, Mr. Hanrahan was a Principal with Pannell Kerr Forster, based in New York for the period 1986 to 1991. Pannell Kerr Forster was the predecessor firm to PKF Consulting USA, which was acquired by CBRE in July 2014, and their roots in the hospitality industry actually date back to 1911 and the firm of Harris, Kerr Forster & Company. For the period 1978 to 1986, Mr. Hanrahan was associated with two different and prominent real estate advisory firms that were located in the New York metropolitan area.

Education

• Indiana University Kelley School of Business, B.S. Real Estate Administration (major), Economics (minor)

Professional Affiliations/Accreditations

• The Counselors of Real Estate, CRE
• Member of the Appraisal Institute, MAI

Areas of Expertise

• Economic, financial, operational, management and valuation consulting for the real estate, hospitality and related service industries

Professional Activities

• Guest lecturer at Cornell School of Hotel Administration; Indiana Kelley School of Business; Pennsylvania State University School of Hospitality Management;
• FIU Chaplin School of Hospitality & Tourism Management; and New York University
• Repeat panelist at the leading hospitality investment conferences
• Former national instructor for the Appraisal Institute

Expert Testimony

• Admitted as an expert in the Federal Bankruptcy Court in New York, Pennsylvania, South Carolina, Florida, and District of Columbia
• Admitted as an expert in the District Court of Connecticut
• Admitted as an expert in the Family Court of Vermont
• Admitted as an expert in the Tax Court of New Jersey

Clients Represented

• Confidential Client
• Prudential
• Cornerstone Real Estate Advisors
• Confidential Client
• KSL Capital Partners
• Marriott International, Inc.
• Hyatt Hotels Corporation
• Boeing
• Aramark
• Carey Watermark
• Confidential Client
• MassMutual
• RockBridge Capital
• KSL Capital Partners
• GE Capital Real Estate
• Hilton Worldwide
• Confidential Client
• Benchmark Hospitality
• Government Development Bank (Puerto Rico)

Significant Assignments

• Valuations and Advisory Services involving commercial, retail, mixed-use, multi-family, and land development projects throughout the United States
• Valuations and Advisory Services involving hotel projects ranging from limited-service to “all-inclusive” resorts located throughout the United States, Mexico, South America, the Caribbean, and Canada
• Portfolio Valuations and Advisory Services encompassing diversified properties located throughout the United States
• Market diagnostics and investment grade ranking of nine destination resort cities in Mexico
• Valuation and Advisory Services involving corporate, executive, resort, and university conference centers throughout the United States
• Market diagnostics, design recommendations and financial analysis for a proposed convention center, New York, New York
• Valuation and Advisory Services for the largest convention hotels throughout the United States
• Annual and semi-annual valuations of Prudential’s hotel portfolio
• Valuation and Advisory Services for the largest indoor waterpark resort in the United States (Kalahari Poconos Resort)
• Valuation and Advisory Services for several casino hotels located in Atlantic City, New Jersey
• Valuation and Advisory Services for some of the most exclusive lodging properties in the United States, including the Point Resort, Twin Farms, the Inn at Little Washington, and the Hotel Jerome