Company: Delancey Realty Advisors
Position: Principal
Edward J. Blum is the Founder and Principal of Washington D.C. based Delancey Realty Advisors, a hospitality focused asset management, investment and capital markets advisory firm. Delancey focuses on providing hospitality consulting to pension funds and local, state and governmental agencies. Edward’s 40-year hospitality real estate career encompasses extensive domestic and international experience in corporate and real estate finance, capital markets, real estate acquisition and development, capital formation, corporate and real estate workouts and investor and lender relations.
Prior to founding Delancey, Blum was Executive Vice President, Development & Acquisitions for Aimbridge Hospitality and its predecessor company Interstate Hotels and Resorts. Blum’s responsibilities included identifying acquisition and management contract opportunities and managing the company’s relationships with real estate brokers, financial and institutional fund managers, hotel franchise companies and hotel owners. Before joining Interstate, Edward was Managing Director, Capital Markets for Molinaro Koger, an international hotel real estate advisory firm. In this role, he represented domestic and international hotel owners in structuring debt and equity financing.
Edward was also Senior Vice President of Finance for Europe at Wyndham International, where he restructured Wyndham’s European investments and directed hotel acquisition and development activities in the UK, France, Italy and Spain. He also served as Chief Financial Officer for Grand Heritage Hotel Group; Vice President of Capital Markets, Mergers and Acquisitions at Patriot American Hospitality; and as Chief Financial Officer of the Imperial Hotel Corporation and The Cafritz Company.
Edward is a member of the Urban Land Institute (ULI) recreation development council and the International Society of Hospitality Consultants (ISHC). He has spoken at the ALIS, NYU, Lodging and Berlin IHIF Conferences among others. Edward has lectured at universities around the world including serving as a visiting speaker at the EHL Lausanne and a member of Penn State’s Hotel School’s Real Estate Advisory Board. Edward, a Certified Public Accountant, holds a Master of International Management degree and a Bachelor of Science degree in Business Administration and Accounting from the University of Maryland University College.