Key MarginBoutique hotels. Real returns.
Independent boutique hotel investment researchUnited States

Expert Q&A

Which recognized experts should the desk approach?

Key Margin research deskSection 06Page 3 of 27

Use complementary expertise, not a single authoritative voice. The assignments below are editorial suggestions based on published biographies and work. Confirm availability, current titles, relevant small-property experience and transaction conflicts before commissioning an interview.

Proposed contributor Published credentials or role Suggested interview focus
Daniel H. Lesser Co-founder, president and CEO, LW Hospitality Advisors; published experience includes hotel appraisal, feasibility, investment counseling and contract selection. (lwhospitalityadvisors.com) Acquisition value, bid discipline, financing and transaction diligence
Michelle Russo Founder and CEO, hotelAVE; her biography identifies asset positioning, management-contract negotiation and owner representation among her responsibilities. (hotelave.com) Earnings normalization, owner cash flow and operator accountability
Chad Sorensen Managing director and CEO, CHMWarnick; the firm identifies operational assessment, process improvement, transition management and capital planning as specialties. (chmwarnick.com) Staffing, operator comparison, operating transitions and capital planning
Cindy Estis Green CEO and co-founder of Kalibri, identified in its 2026 product announcement concerning acquisition costs and contribution-based performance. (kalibrilabs.com) Channel economics, demand incrementality and commercial evidence
Rob Blood Founder and chairman, Lark; his biography describes experience in hotel ownership, management, restaurants and design. (larkhospitality.com) Small-property operating models, positioning, staffing and food and beverage
Luigi Major, MAI Managing director, advisory, HVS; author of its US Hotel Development Cost Survey. (publications.hvs.com) Feasibility, development budgets, renovation and valuation assumptions
Greg Duff Principal and chair of Foster Garvey’s Hospitality, Travel & Tourism practice; published experience covers management agreements, distribution, privacy and technology. (foster.com) Contract exits, fee disclosure, data rights and AI governance
Alexandra Glickman Identified in Gallagher’s Spring 2026 report as senior managing director and global Real Estate & Hospitality practice leader. (ajg.com) Insurance placement, coverage gaps and retained risk

For a live transaction, supplement this panel with the proposed lender, a locally qualified tax adviser, an architect or accessibility specialist, and the relevant building and land-use professionals. Do not ask a nationally recognized generalist to certify property-specific matters outside their engagement.

Sources cited on this page

  1. Daniel H. Lesser - LW Hospitality Advisorslwhospitalityadvisors.com
  2. Michelle Russo, CHAM, CHA, MAI | hotelAVEhotelave.com
  3. Who We Are - CHMWarnickchmwarnick.com
  4. Kalibri Launches Hummingbird Portfolio for Hotel Softwarekalibrilabs.com
  5. Executive Team & Hotel Leadership | Lark Hospitalitylarkhospitality.com
  6. HVS | Luigi Major, MAIpublications.hvs.com
  7. Greg Duff - Foster Garveyfoster.com
  8. Real Estate and Hospitality Spring 2026 Market Updateajg.com