Richard (Rick) Pastorino

Company: REVPAR International, Inc.

Position: CEO

Bio

Rick has 30+ years of hospitality industry experience related to new development and acquisition, CapEx analyses and ROI, economic valuation, workouts, branding, asset management, deal structuring, financial and operational analyses, and market and financial due diligence. He has worked on behalf of many different equity and ownership groups as both advisor and owner’s representative on new and existing hotel and hospitality-related projects. Rick began his hospitality career as a teenager, working in all aspects of hotel operations with several national hotel chains prior to starting REVPAR International 27 years ago. Rick holds an MBA in Finance from Virginia Tech University and a BSBA from the University of Denver. He is also a member of ISHC, HAMA, and ULI and has authored or co-authored industry-related research on a variety of topics, including several of the “CapEx Studies” published by ISHC and HAMA, as well as a chapter on Planning and Managing Capital Expenditures in “Hotel Asset Management, Principles & Practices” published by the AHLEI in conjunction with HAMA.


Mission Statement

REVPAR International offers a complete range of advisory services to owners, operators and lenders to the hospitality industry. From initial (market and financial) due diligence through construction development assistance/project managment, to on-going asset management/owner's representative services, REVPAR International can manage your project from concept to opening through stabilization. Our objectives are to maximize asset value/return on investment, while minimizing the associated risks.


Geographic Areas

USA, Anguilla, Antigua, Aruba, Austria, Bahamas, Barbados, Belgium, Belize, Bermuda, British Virgin Islands, Canada, Cayman Islands, Costa Rica, Croatia, Czech Republic, Dominica, Dominican Republic, France, Germany, Ghana, Greece, Grenada, Guam, Guatemala, Guyana, Iceland, India, Ireland, Italy, Jamaica, Japan, Malta, Mexico, Monaco, Netherlands, Nicaragua, Peru, Poland, Puerto Rico, Romania, Singapore, South Korea, Spain, St. Lucia, Switzerland, Trinidad & Tobago, Turks and Caicos, U.S. Virgin Islands, United Arab Emirates, United Kingdom, Venezuela, West Indies, Yugoslavia


Expertise

International experience in all aspects of financial, market, and valuation due diligence for all lodging products * Development and Project Management experience for new build and/or acquisition of existing hotels * Owner's Advisor/Representative Assistance * Asset Management/Operational Review studies * Franchise Impact Evaluation * Franchise/Brand Affiliation Selection


Professional Memberships

International Society of Hospitality Consultants (Chairman Emeritus); HAMA (Hospitality Asset Managers Association); ULI (Urban Land Institute); AHLA (American Hotel and Lodging Association); University of Denver School of Hotel and Restaurant Alumni


Speaking Engagements

Rick is a frequent speaker and guest lecturer on a variety of topics at industry conferences and universities.


Articles and Publications

* Authored or co-authored industry-related research on a variety of topics, including several of the “CapEx Studies” published by ISHC and HAMA, as well as a chapter on Planning and Managing Capital Expenditures in “Hotel Asset Management, Principles & Practices” published by the AHLEI in conjunction with HAMA * Managed and edited the preparation of "Where the Money Goes: Expense Allocations in the Hotel Sales Office," prepared for the Foundation of Hotel Sales and Marketing Association International * Authored several articles for AHLA’s "IREFAC Quarterly Lodging Property Index."


Representative List of Clients

American Express, Bank of America, BB&T Bank, Best Western International, Choice Hotels International, Economic Development Offices Nationwide, FDIC, Inter-American Development Bank, Intercontinental Hotel Group, Marriott International, Mercantile Bank, National Park Service, National Trust for Historic Preservation, Starwood Hotels & Resorts, U.S. Dept. of Defense, Universities and Colleges Nationwide, Wachovia Bank, Wells Fargo, YMCA


Education

MBA, Finance, Virginia Tech University, Blacksburg, VA; BSBA Hotel Restaurant Management, University of Denver, CO Institute for American Universities, Aix en Provence, France


Past Experience

Managing Director, American Express TBS; Senior Manager, Pannell Kerr Forster; Manager, Westin Hotels