Where Real Estate Gets Its Dirt

Wardman Park files for Chapter 11

“All references to Marriott have been removed or taped over in the last couple of days.”

“Wardman Hotel Owner LLC, an affiliate of Pacific Life Insurance Co., has filed for Chapter 11 bankruptcy and has ended its management contract with Marriott International.”

The hill. That huge atrium. The long glass hallway. Waving hi to a friend as you go down the escalator and they are coming up. Long taxi lines. Secret elevators. Hotel room parties. Dancing in the bar. Last call.

Man, if those elevators could talk….

WAV Group launches Real Estate M&A advisory group

George Slusser

George Slusser to Head New Real Estate M&A Advisory Division at WAV Group

“George Slusser, one of the real estate industry’s most experienced and well-known valuation experts, will join WAV Group to head its new Mergers and Acquisition Advisory Division.


“George literally wrote the book on real estate M&As,” WAV Group Managing Partner Victor Lund said. Slusser authored the industry best-selling book, Acquiring Profit, which created the foundation for today’s modern M&A industry for U.S. real estate brokerages. “We can honestly say that no one will offer brokers better M&A advice than WAV Group with George on board.

With all the consolidation in the industry it seems like a smart move for brokers to get a sense of what their operations are worth. I have to believe the valuations are pretty high right now.

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