Lodging investment banking firm RobertDouglas has promoted Patrick Tan to the role of SVP.
“Patrick is a rising star within our firm,” said Stephen O’Connor, principal/managing director, RobertDouglas. “It is with great pleasure that we welcome him to our senior management team and also recognize him as a leader for transaction execution as we continue to strategically expand our organization and enter the next phase of the economic cycle.”
Rob Stiles, principal/managing director/cofounder, RobertDouglas, added, “Over the four years that Patrick has been with our firm, we have benefited greatly from his expertise in evaluating operating companies and his diligence underwriting hotel real estate; his energy and enthusiasm networking in large groups as well as working in small teams; and his passion and enthusiasm for all aspects of the dynamic hospitality industry. This is a milestone for Patrick and further solidifies the depth of talent within the firm.”
Tan, who is based in the Los Angeles office, advises clients in the sale, financing and joint-venture capitalization of hotel properties and portfolios throughout North America. Notable transactions he executed include the investment sales of the AC Hotel in Louisville; the predevelopment bridge financing of a project in Woodland Hills, CA; and the portfolio financing for Gravity Haus.
Prior to joining RobertDouglas, Tan worked at a private equity and debt investment firm that primarily invests in the branded restaurant industry, focusing on franchisors & franchisees, independent chains, companies serving the restaurant end-markets and related real estate opportunities.