Massey Knakal Checks-in to New York’s Hospitality Market
Massey Knakal Realty Services has entered the hospitality market with the hiring of a dedicated sales agent to exclusively cover the hospitality sector of the New York metro area. Andrew Posil, who joined the firm as a Director of Sales, Hospitality, will be the spearheading Massey Knakal’s hospitality sales.
“Massey Knakal is excited to be entering into the hospitality brokerage business because it is a natural extension of our core investment sales business. We’ve succeeded in having New York City’s #1 market share due to a foundation of representing sellers with a territory focus. This gives us superior expertise in underwriting and execution which results in achieving the highest sales price for our client,” said Paul J. Massey Jr., CEO. “This move is perfectly in alignment with our other forays into mortgage brokerage and retail leasing,” added Massey.
Following the same blueprint of success of the firm’s investment sales, retail leasing and capital services divisions, Massey Knakal will track and monitor New York’s hospitality market in its entirety while, simultaneously, working with hotel owners to underwrite, market and execute sales of their hotel properties.
“The combined strength of Massey Knakal’s Territory System and the hospitality sales platform gives us a notable competitive advantage, particularly in the emerging hotel markets like Brooklyn, Queens and the Bronx,” said Andrew Posil, Director of Sales, Hospitality. “As lodging investors and developers increase their activity in these markets, as well as in Manhattan, we are well equipped to achieve top dollar on behalf of our clients,” added Posil.
About Massey Knakal
Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and financing of their properties. With over 150 employees, four offices and thorough coverage of the five boroughs of New York City, Westchester County, Long Island and New Jersey, Massey Knakal dominates the New York metropolitan area's property transaction marketplace. For over two decades, Massey Knakal has focused on building strong relationships within the neighborhoods we represent and developing an extensive database of customers that includes all of the major investors, institutions, agencies and individuals that are active in real estate in the area. Our dedication to neighborhood knowledge and relationship building is a source of continuing pride and success for Massey Knakal, and through our Territory System™, our agents have partnered with owners throughout the city to close over 4,500 transactions, with an aggregate value in excess of $17 billion since 1988.http://www.masseyknakal.com