Hotel and real estate industry veterans Adam Montufar, Bennett Webster, Brent Clemens and Joe Cuomo have launched Alchemy Real Estate Advisors, a hospitality brokerage firm focusing on institutional clientele. The team brings 70 years of collective experience and more than $7 billion in aggregate transaction volume across more than 500 hotel property and non-performing loan transactions.
The Alchemy team will differentiate its offering by utilizing new sales technology to drive marketing efficiencies for its clients, according to the company.
“Historically, the key to our success has been through a unique blend of institutional acumen and a diligent approach to every transaction,” said Montufar. “We are excited to leverage these attributes with systems that will afford our team and clients scale,”
Webster, Clemens and Montufar were senior managing directors at Paramount Lodging Advisors before founding Alchemy Real Estate Advisors. They focused on institutional sales, concentrating on larger private equity firms, publicly and privately traded REITs, CMBS special servicers, banks and debt funds.
“Our extensive institutional relationships and vast combined transaction experience are the cornerstones of the Alchemy Real Estate Advisors service offering,” added Webster.
The company was formed from a long-standing professional friendship among the four founding members.
“Coming together with our good friend Joe allows us to shape the team ethos and processes to align with our core values,” noted Clemens. “We are excited to create a culture that reflects our professional and personal commitment to our clients and one another.”
Before joining the group, Cuomo oversaw institutional sales for the Ten-X auction platform.
In addition to his extensive commercial real estate disposition experience, he brings a
combination of CMBS, capital markets and investment banking expertise to the team.
“My background in investment banking and special servicing provides our team, clients and
prospective buyers with a distinct perspective on distressed property sales and nonperforming
loans,” Cuomo explained.
The firm launches with a strong national presence in the Northeast, Southeast and Midwest, including primary offices in New York, Miami, Chicago and Des Moines, IA.