Richard E. Pastorino, ISHC, Principal

Professional History

Managing Director

American Express TBS Hospitality Consulting Group, Alexandra, VA

Senior Manager

PKF Consulting, Washington, DC / Alexandria, VA

Assistant Manager

The Bellevue Stratford Hotel, Philadelphia, PA

Food and Beverage Controller

Boca Raton Hotel and Club, Boca Raton, FL

Areas of Special Expertise

Advisory and asset management services for existing hospitality-related projects; New development and acquisition of all hotel types; Economic, financial, and operational analysis of all hotel types; Market feasibility and valuation services for hospitality and recreation real estate; Workouts and restructuring for troubled hotel assets.

Major Projects

Over the past 20 years, directed and/or managed over 3,000 hospitality/tourism-related projects located throughout the United States, Europe, Middle East, the Caribbean, Asia, and Latin America.

Provided asset management or owner representative services to a variety of owners for limited-service hotels to full-service & mixed-use resorts and conference centers.

Representative for various owners in the development of new hotels or acquisitions.  Areas of responsibility include site selection, negotiation of purchase, financing, selection of management, architecture/design, general contractor, financing, and franchise, execution of permitting process, and project and construction management.

Directed and managed numerous Federal and state government agency projects to determine the economic feasibility of developing recreational amenities (i.e., golf course, hotel, lodges, marina, amphitheater, and picnic areas) on government-owned land for direct use by authorized government market, or in the interest of enticing private sector development through a joint-venture relationship, leasehold improvement, and/or concession arrangement.

Provide litigation support and expert witness testimony on a variety of issues related to numerous aspects of the hotel asset, its operation, etc.

Education

Master of Business Administration (Finance), Virginia Polytechnic Institute & State University

B.S. Business Administration, School of Hotel & Restaurant Management, University of Denver

Institute of American Universities, Aix en Provence, France

Professional Memberships

International Society of Hospitality Consultants

     Board Member (1999 – 2003)

     Vice President (2000/2001)

     President (2001/2002); and

     Chairman (2002/2003)

     Currently, Membership Chairman

American Hotel and Lodging Association

University of Denver School of Hotel and Restaurant Alumni

Articles, Publications, and Speaking Engagements

·    Co-author of “CapEx 2000 – A Study of Capital Expenditures in the U.S. Hotel Industry,” published by the International Society of Hospitality Consultants in October 2000.

·    Managed and edited the preparation of Where the Money Goes: Expenses Allocation in the Hotel Sales Office, prepared for the Foundation of Hotel Sales and Marketing Association International

·   Written several articles for AHMA’s IREFAC Quarterly Lodging Property Index.

·    Speaker for U.S. Department of Commerce program The Special American Business Internship Training, which facilitates business between the United States and the countries of Eurasia.

·    Speaker at numerous industry-related conferences.