CBRE Group Broadens Services With Acquisition of PKF Consulting
Thursday July 17th, 2014 - 9:31AM E
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LOS ANGELES—CBRE Group has acquired PKF Consulting USA, LLC, from FirstService Corp., parent company of Colliers International.
Headquartered in San Francisco, PKF Consulting USA serves a range of clients, including hotel owners and operators, financial institutions, real estate developers, investors, product and service providers to the industry, and governmental agencies. PKF has been producing a source of hotel financial information called "Trends in the Hotel Industry" for many years.
According to GlobeSt.com, PKF President Mark Woodworth said that all 200 employees would join CBRE.
Tags: CBRE Group • PKF Consulting • acquisition • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.