CBRE Hotels

"The acquisition of PKF Consulting USA, LLC, a leading advisory, consulting and research firm specializing in the lodging industry, significantly strengthens CBRE's objective of becoming the top global intermediary in hospitality services.

Headquartered in San Francisco, PKF Consulting USA (PKFC) serves a broad range of clients, including hotel owners and operators, financial institutions, real estate developers, investors, product and service providers to the industry, and governmental agencies. Its key services include real estate appraisals, litigation support and expert testimony, market and financial feasibility studies, spa and wellness consulting, purchase price allocations, asset recovery services, and impact studies.

In addition, PKF Hospitality Research (PKF-HR) produces the oldest and most comprehensive source of hotel financial information in the United States, called Trends® in the Hotel Industry. The company also publishes Hotel Horizons®, a quarterly report that analyzes the historical and expected performance of 55 major U.S. lodging markets. Using its extensive databases, PKF-HR offers financial benchmarking, custom market research, and econometric forecasting services. These premier research tools add to CBRE arsenal of highly sophisticated, data-driven advisory services.

We are pleased to welcome the PKFC and PKF-HR teams of 62 professionals, led by David Arnold, Thomas Callahan and Mark Woodworth who have joined CBRE in thirteen offices in the U.S." said Robert McGrath, Senior Director for CBRE

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Robert McGrath
Senior Director
212 984 8267