SAN DIEGO--(BUSINESS WIRE)--Integra Realty Resources (IRR), North America’s largest independent commercial real estate market research, valuation, and counseling firm, has surpassed a major milestone in the commercial real estate valuation and appraisal industry. From January 2009 to date, IRR’s San Diego, CA hospitality specialty practice group has valued hotel and lodging properties with a combined appraised value exceeding $2 billion.
“IRR’s Hospitality specialty practice group provides the highest level of expertise for our clients,” said Jeff Greenwald, MAI, SRA, ASA, FRICS, Realtor, Senior Managing Director of IRR’s San Diego Office. “No hotel is too large or too small for our capabilities. Our deep knowledge of lodging markets, and our proprietary data and systems, allow us to develop accurate, sophisticated appraisals and market studies, both locally and nationwide. We’ve been able to reach this extraordinary milestone because our clients know we deliver quality, and they often refer us to other players in the lodging and hospitality markets.”
In the last five years, IRR-San Diego’s hospitality team has appraised over 350 hotel and motel properties in Southern California and five other western states. Notable projects include: Pacific Edge, a Laguna Beach, California oceanfront hotel; Hyatt Regency Mission Bay Spa and Marina; a proposed 18-story, two-tower mixed-use project to include a 332-room Crowne Plaza/Staybridge Suites dual-branded hotel in downtown San Diego; and Springhill Suites, the only all-suite Marriott hotel brand in Temecula Valley in Southern California's Wine Country. In the past year alone, IRR’s hospitality specialty group has also serviced clients’ requests in Arizona, Oregon, Washington, Texas, and New Mexico.
About Integra Realty Resources
With corporate headquarters in New York City, Integra Realty Resources (IRR) is the largest independent commercial real estate market research, valuation, and counseling firm in North America, with 66 offices and more than 200 MAI-designated members of the Appraisal Institute who are among its more than 900 employees located throughout the United States and the Caribbean. Founded in 1999, the firm specializes in real estate appraisals, feasibility and market studies, expert testimony, and related property consulting services. Many of the nation’s largest and most prestigious financial institutions, developers, corporations, law firms, and government agencies are among its clients. For more information, visit www.irr.com or blog.irr.com.