Black Bear Capital Partners (BBCP), a real estate financial advisory firm and affiliate of Black Bear Asset Management (BBAM), has appointed Suraj Desai as head of hospitality and head of capital markets.
Desai, who previously served as senior managing director, joined the company in February of 2021 after previously holding senior positions at Chicago-based Alpha Capital CRE and Mag Mile Capital. Since his start at BBCP, he has originated more than $300 million in hotel and multi-family transactions.
Newly based in Florida, Desai will be a part of BBCP’s new Tampa, FL office. BBCP recently expanded its footprint by adding an office in Boca Raton, FL, in the first half of 2022. He will join current Senior Managing Director/Head of Southeast Region Eric Trombly and Senior Managing Director Stuart Rich to spearhead expansion in Florida and the Southeast region.
In his new position, he is charged with the buildout and growth of the group. After the success of 2022, during which he generated more than $150 million in originations, he will use his traction to develop the hospitality group for BBCP as tourism continues to rebound from the impacts of the COVID-19 pandemic.