Hotel Asset Value Enhancement (hotelAVE) is the leading independent hospitality real estate investment manager providing asset management and advisory services to owners, investors and lenders of hospitality assets. The organization has provided services on over 1,000 hotels;  its current asset management portfolio comprises over $5.5 billion, 22,000 rooms, and over 30 different hotel operators. In addition, hotelAVE advises on an additional $10 billion of hotel real estate annually, including acquisition due diligence, underwriting, development, financing, manager selection, franchise agreements, repositioning, renovation, dispositions, and lender services. Founded by one of Lodging Magazine’s 2015 Leading Influential Women, Michelle Russo, hotelAVE features a 48-member management team consisting of former hotel owners, operators and hospitality professional advisors, who provide a unique and hands-on operating experience of superior value and above-market return for hotel owners. hotelAVE supports clients in the Americas, including LATAM from its headquarters in Providence, R.I. and its regional offices in New York, Los Angeles, and Miami.

Hotels & Hospitality

Hotel Asset Value Enhancement (hotelAVE)

Hotel Asset Value Enhancement (hotelAVE)'s headquarters in Providence, RI, United States

Michelle Russo

Cindy Potter

Nina Kleiman

Loren Balsam

Chris Hague

The Leadership Team at hotelAVE, comprised of seasoned professionals including the Chief Operating Officer, Senior Vice Presidents, Executive Vice Presidents, Founder & CEO, Vice Presidents of Asset Management, Chief Investment Officer, and key financial leaders, is responsible for setting the strategic direction, overseeing asset management, investment decisions, and providing high-level advisory services. This team ensures the company delivers superior value and above-market returns for hotel owners by leveraging their extensive experience in hotel ownership, operations, and hospitality advisory.

Leadership Team

The Corporate Strategy team at Hotel Asset Value Enhancement (hotelAVE) develops and implements long-term business plans to enhance the company's market position and drive growth. This team, comprised of top executives and senior leadership, focuses on strategic initiatives such as market expansion, operational efficiencies, competitive analysis, mergers, acquisitions, and partnerships to ensure sustained profitability and value maximization for the organization and its clients.

Corporate Strategy

The Asset Management Team at hotelAVE focuses on maximizing the value and performance of hospitality assets on behalf of owners, investors, and lenders. The team employs strategic oversight and operational expertise to optimize revenue, control costs, and enhance asset value. Their responsibilities include detailed financial analysis, property performance monitoring, owner representation, and implementation of asset improvement plans, all aimed at delivering above-market returns and superior value.

Asset Management Team

The Business and Financial Analysis team at hotelAVE is responsible for evaluating and optimizing the financial performance of the hospitality assets under management. This includes conducting thorough financial analyses, market research, performance benchmarking, and financial modeling to support investment decisions and strategic recommendations. The team also prepares detailed financial reports and presentations for stakeholders to ensure data-driven decision-making that enhances asset value and returns.

Business and Financial Analysis

The Accounting and Finance team at hotelAVE manages financial operations, ensuring accurate bookkeeping, financial reporting, and compliance with industry standards. They analyze financial data, oversee investment accounting, and provide strategic financial insights to support the company’s asset management and advisory services. The team plays a crucial role in optimizing hotel performance and maximizing returns for investors and stakeholders.

Hotel Asset Value Enhancement (hotelAVE)

Org chart

Teams

Leadership Team

Corporate Strategy

Asset Management Team

Business and Financial Analysis

Accounting and Finance

Offices

Hotel Asset Value Enhancement (hotelAVE)

Org chart

Teams

Leadership Team

Corporate Strategy

Asset Management Team

Business and Financial Analysis

Accounting and Finance

Offices

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