Level Group, a full-service commercial and residential real estate brokerage company, announced the creation of an in-house hospitality team, Morgensheer Hospitality at Level Group.
Backed by Level Group’s commercial brokerage resources and headed up by hospitality industry veterans Trica Jean-Baptiste and Jan Kalanda, Morgensheer Hospitality at Level Group will be positioned to address the full scope of the hospitality industry’s real estate needs.
“Recent market trends, including the over-developed New York City hotel market, suggest that the hospitality real estate sector is ripe for expert brokerage services tailored to the hospitality industry,” said Michael Greenberg, CEO and General Counsel, Level Group.
“We are excited and proud to offer this unique capability to the hospitality industry led by such well-known and respected hospitality industry professionals.”
With combined experience of over 55 years in the hospitality industry, Jean-Baptiste and Kalanda bring in-house, across-the-board hospitality expertise, including property development, construction, hotel operations, sales, marketing, branding, understanding of key market segments, tour and travel, and travel trade.
The team’s worldwide network of relationships within the hospitality industry, including owners, operators, investors and vendors, opens up multiple avenues to off-market opportunities, several of which Morgensheer Hospitality at Level Group is currently engaged in the New York and the Caribbean markets.
“What’s key for hoteliers and investors is that Jan and I thoroughly understand the business of hospitality and are well-equipped to strategically match investors with hospitality assets that are in-line with their investment goals,” said Jean-Baptiste. “We want to ensure productivity and profitability as we assist owners and investors in their efforts to both identify the appropriate investor and investment.”