Richard (Rick) Pastorino
Company: REVPAR International, Inc.
Position: CEO/Principal
Bio
Rick has 35+ years of experience providing investment decision analysis, asset management, technical, development, and advisory services to the hospitality and tourism industry. Over the course of his consulting career, Rick has directed, managed, or worked directly on 4,500+ proposed and/or existing hospitality/tourism-related projects located throughout the United States, the Caribbean, Europe, the Middle East, and Latin America during his tenure. The aggregate value of these projects represents well in excess of $15 billion in investment activity.
His experience spans all aspects of development and acquisition functions of a hotel, from initial due diligence to asset management and disposition. Specific areas include economic, market, financial, and operational analyses; due diligence; operational review; valuation/appraisal; for branded and independent hotels and other hospitality real estate worldwide on behalf of the public and private sector clients. Rick has been both a principal and Owner’s Representative in the acquisition and/or development of new and existing hotel real estate, as well as hotel debt purchase. He periodically provides expert witness services on a variety of issues related to hotels, including operations, budgeting management and franchise agreements, valuation, CapEx, sales and marketing, and operations.
Mission Statement
REVPAR International, Inc. is one of the industry's best known full-service advisory and asset management firms exclusively dedicated to the hospitality and tourism industries. Established in 1992, REVPAR has over 30 years of successful service to the industry, completing thousands of projects throughout the United States, Caribbean, Europe, and Asia. Our services cover all hospitality-related assets from hotels and resorts to conference centers, restaurants, spas, marinas, and golf courses and serve to identify and help minimize the three risks– market, financial and management - inherent in real estate investing in general and hospitality investing in particular.
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 management, 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
Worldwide
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 (ISHC)
Hotel Asset Managers Association (HAMA)
Urban Land Institute (ULI)
University of Denver, Daniels College of Business, Advisory Board
Hotel Association of Washington, D.C.
Hotels Sales and Marketing Association (HSMAI)
Speaking Engagements
He is a frequent speaker and guest lecturer on a variety of topics at industry conferences and universities.
Articles and Publications
Rick 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.
Representative List of Clients
- Central/Industrial Banks
- City/County Municipalities
- Commercial Banks
- Community Colleges
- Convention and Visitor Bureaus and Authorities
- Debt Funds
- EB-5 Lenders
- Economic Development Agencies
- Family Offices
- Fortune 500 Companies
- Global Financial Institutions
- High Net Worth Individuals & Equity Investors
- Hotel Operators (Branded and Independent)
- International and Domestic Tourism (Promotion) Agencies
- Liberal Arts Universities & Colleges
- Multilateral Development Banks
- Other Federal Government Agencies or Departments
- Private Bankers/Lenders
- Private Universities & Colleges
- Public Universities & Colleges
- Real Estate Investment Trusts
- SBA 7 (a) Lenders
- Service Academies
- Sovereign Wealth Funds
- Special Servicers
- U.S. Department of Defense
- U.S. National Park Service
Education
Virginia Tech University; Masters of Business Administration (Finance),
University of Denver; B.S. Business Administration, School of Hotel & Restaurant Mgmt.
Institute for American Universities, Aix-en-Provence, France
Past Experience
Managing Director, American Express TBS Hospitality Consulting Group – Alexandria, VA
Senior Manager, PKF Consulting – Washington, DC/Alexandria, VA
Assistant Manager, Westin Hotels & Resorts ― The Bellevue Stratford Hotel – Philadelphia, PA
Food and Beverage Controller, Boca Raton Hotel and Club – Boca Raton, FL