CHATHAM, NJ—Cronheim Hotel Capital (CHC) has hired Ryan Maher as director of debt and equity placement to help lead the company’s hotel financing origination efforts alongside principals David Turley and Andrew Stewart. Maher will help CHC serve its existing hotel clients as well as build new relationships.
Maher joins CHC from Concord Hospitality, where he focused on originating new development, acquisitions and third-party management opportunities as VP of business development. During his nine years at Concord, he managed more than $1 billion in hotel projects across the Marriott, Hilton, Hyatt and Choice brands. He has more than 15 years of experience in the hospitality industry starting his career in hotel operations, where he learned the hotel business from the ground up.
“We’re thrilled to be joined by such an experienced and talented professional,” noted Turley, who serves as CHC’s president. “CHC prides itself on its high integrity, thoughtfully analytic and client-oriented approach to the business. Ryan brings all those qualities and more. And since he comes from the principal side, his understanding of the owner’s perspective will enhance our capital structuring efforts on clients’ behalf. This is even more valuable in the post-COVID world where our ability to source attractive and timely capital solutions could be the difference between success and failure for our clients.”
Maher expressed his optimism for the future: “Joining CHC and moving to the capital side of the business is a perfect next step in my career. I have been fortunate to experience numerous sides of the hospitality industry over the past 15 years: operations, development, acquisitions and asset management.. I’m taking this experience and knowledge to a premier capital advisory firm where we can assist owners to rebuild their businesses in the wake of the pandemic and beyond.”
Cronheim Hotel Capital and its affiliate, Cronheim Mortgage Corp, provide debt and equity for a wide array of commercial real estate. The principals of CHC have seven decades of combined experience in commercial real estate capital markets and have completed more than $9 billion of capital transactions. CHC has closed numerous hotel financings from a broad range of capital sources, including its insurance company correspondents, for whom it services a portfolio in excess of $2.0 billion.