Mark Gordon -

INTRINSIC HOTEL CAPITAL

INTRINSIC HOTEL CAPITAL mark@intrinsichotelcapital.com

With almost 30 years of experience, Mark has been involved in all aspects of hotel investing including development, acquisitions, renovation, design, asset management, management, financing and sales. Mark has worked on numerous landmark hotel deals, most notably the development and ultimate sell out of the luxury Baccarat Hotel and Residences, which was sold in 2015 for the highest price per key ever achieved in the US. Mark has spent the last three years developing the Moxy Downtown, NYC which is opening in 2018. This innovative 298 key hotel was designed to embrace the excitement of the “new Downtown” market and has already received numerous accolades.

In 2017, Mark co-founded Intrinsic Hotel Capital, a hotel investment company that focuses on the acquisition of well-positioned but underperforming, value add hotels located in strategic markets throughout the US. At IHC, Mark and his team will leverage their collective hotel industry expertise to achieve above market returns by utilizing creative acquisition and repositioning strategies.

Prior to this, in late 2010, Mark decided to leave the advisory business after 20 years to become a hotel developer and investor. From 2011 – 2017 he created $1.5 billion of acquisitions and development in Manhattan which included the design, development and ultimate sellout of the landmark Baccarat Hotel and Residences, which became one of New York’s best luxury hotels virtually overnight, the adaptive reuse of an office building located at 170 Broadway that was converted into the Marriott Residence Inn World Trade Center and ultimately the design, development and construction of the Moxy Downtown. The Moxy is a spectacular, 298-key, 30-story tower comprised of hotel and retail components and is located in lower Manhattan.

From 1994-2010 Mark a partner at Sonnenblick-Goldman, a national real estate investment banking firm. Mark initially joined the firm as an Associate and ultimately became Managing Partner and Head of the Hospitality Group. In 2000, Mark and two colleagues agreed to take over this 100 year old business and oversaw the management, growth and ultimate sale of the company to Cushman & Wakefield in 2007. Mark was then Head of the C&W National Hospitality Practice until he departed to pursue hotel development and investment in November 2010. Throughout his advisory career, he has been responsible for many high-profile deals, including creating a joint venture between Loews Hotels and Universal Studios to develop five hotels on the grounds of the Universal Studios Resort in Orlando, recapitalizing Ian Schrager Hotels, the corporate restructuring of Denihan Hospitality Company, the landmark sale of the Essex House to Dubai Investment Group and the sale and conversion of the iconic Hotel Delmonico into the Trump Park Avenue luxury residence.

Mark is a regular speaker at hotel industry events and has won numerous awards for his accomplishments in the real estate industry including Crain’s “40 under 40”, Americas Lodging Investment Summits “Deal of the Year” and Commercial Property News “Stars to Watch” and is a frequent speaker at hotel and real estate industry events.