LOS ANGELES—CHM and Warnick + Company have merged to form asset-management company, CHMWarnick, according to principals Chad Crandell, Richard Warnick and Ken Wilson.
The new company will provide a full complement of hotel business advisory services, including asset management, operational assessment and strategic development advisory from offices in Boston, Denver, Los Angeles, Minneapolis, New York and Phoenix.
The combined company has a client portfolio of 54 hotels with 23,000 rooms, representing roughly $8 billion in hotel assets under ongoing asset management on behalf of private equity firms, pension funds, Fortune 500 companies, government entities and sovereign government funds, among others, according to the company. The portfolio includes brands such as Four Seasons, Hilton, Hyatt, Mandarin Oriental, Marriott, Ritz-Carlton, Trump Hotels, Westin and W Hotels, along with several independent hotels.
CHMWarwick also represents the owners of several under-construction hotel projects, including the Westin Hotel at Denver International Airport, Marriott Marquis McCormick Plan Chicago and a $2 billion luxury mixed-used project in San Francisco, for which the group is providing development, pre-opening and/or asset management services.
CHMWarnick is a Securitities and Exchange Commission-registered investment advisor.