MCLEAN, Va., May 25 /PRNewswire/ — Hotel and hospitality industry veterans Tom Baker, Dave Durbin and Marc Magazine today announced the formation of Humboldt Hospitality Advisors, LLC, headquartered in McLean, VA. The new firm specializes in asset management and hospitality consulting focusing its efforts on the renovation, repositioning and rebranding of troubled lodging assets. The firm will work strategically and collaboratively with borrowers and lenders to forge effective and creative business solutions. Humboldt Hospitality will also make targeted capital investments in select lodging assets to facilitate improvements and allow quality assets to recover and improve during the current economic cycle.
Dave Durbin and Tom Baker previously led the executive management team at Crestline Hotels & Resorts in Fairfax, VA. Durbin served as Crestline’s President and Baker as Chief Investment Officer. Marc Magazine was most recently a Senior Vice President in the Washington, DC based Lodging Group of CB Richard Ellis.