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A Quarter Century Leadership
Download Mr. Elawadi's Executive Profile in Adobe Acrobat (.pdf) format.
Mark Elawadi is an international hospitality veteran with over 25 years of industry experience. His experience encompasses hotel management, project development and asset management. He also has specific experience in turnaround, contingency and crisis management, as well as financial workouts in complex situations.
Whether planning new development projects still in their infancy, or implementing revenue management strategies for established companies, Mr. Elawadi approaches each project from a value-creation and asset performance standpoint. Among his career accomplishments, he has been recognized and praised for his leadership abilities in turning around underperforming hotel assets to create successful enterprises. Additionally, his expertise in crisis management, contingency planning, and profitability planning provides an added level of management capability and strategic planning that is highly valued within the industry. He has worked on 5 continents.
Prior to founding GLA, Mr. Elawadi held executive positions -including pre-opening, opening and operating experience - with some of the finest hotel management companies worldwide. His roles have included executive positions with Conrad Hotels & resorts, Marriott Hotels, The Cumberland Hotel (London, UK), Resort Properties Group (Spain), Grand Hyatt Hotel (Washington DC), as well as Renaissance & Ramada for the Middle East, Africa, and Central Asia. Most recently, Mr. Elawadi led the development for a Luxury Resort, Spa and Marina in Turks & Caicos and a Luxury Resort & Spa Condominium project in the Dominican Republic and overseeing a portfolio of Hilton and Marriott hotels.
Other career highlights worldwide include:
- Managed hospitality funds of over $250 million that were invested in hospitality assets.
- Responsible for setting up the acquisition, asset management and restructure of the Kuwait Hotel Company hotel assets valued at over one billion US$.
- During his operating career, his large-sized hotels achieved some of the highest GOP, REVPAR and EBITDA.
- Selected by George Washington University to develop educational hotel financial management courses for Hotels general managers for the continued executive education programs.
- Recipient of numerous industry excellence and service recognition awards, including a nomination for Hotelier of the Year in 2002. He has also served on numerous industry association boards.
- He served as an expert witness for a major international arbitration case that involved one of the largest hotel operators.
- Sales and marketing of Real Estate residential, condo resort, fractional and whole ownership totalling over 983 million USS in Tenerife Spain.
Mr. Elawadi holds a Bachelor of Science degree from a leading University in Cairo and he is an American Hotel & Lodging Association Certified Hotel Administrator. He has also successfully completed executive education and professional development programs at George Washington University.
Disciplines of investments, finance, asset management and disposition, marketing, management and market research in several varied areas of real estate.
In addition to his role as a Senior Advisor in Global Lodging Advisors, Alan Michaels is currently the principal and Chief Executive Officer of Merit Hotel Group, which owns and operates hotels in the mid-Atlantic area. Mr. Michaels has successfully arranged debt and equity financing for several major commercial real estate transactions for Merit Hotel Group and for others. Mr. Michaels' skills in these areas will continue as an asset to Merit Hotel Group and its clients.
Mr. Michaels' involvement has spanned the period from conception through entitlements to completion, continuing through the operational phases of the projects. He regularly deals with issues as diverse as land use and zoning, joint venture structuring, financing, leasing and other management and operational responsibilities. Mr. Michaels' companies' employees over 75 full-time employees.
Mr. Michaels currently owns and operates the Merit Hotel Group, a company he founded in 1988. The Merit Hotel Group owns and operates the Clarion Hotel, Aberdeen, Maryland, Historic Kent Manor Inn & Restaurant, Stevensville, Maryland, and the Springhill Suites by Marriott, Bel Air and Maryland. Mr. Michaels is currently developing an additional hotel site in Aberdeen Maryland.
Ongoing consultancy business representing hotel ownership in their ongoing business relationships with the management companies which operate their hotel assets. These asset management engagements assist in maximizing the performance of the management company as well as the value of the hotel asset. Joint engagements with Global Lodging Advisors included a 900-room convention hotel in Washington, D.C. and an eight hotels, full-service chain in Kuwait and the United Arab Emirates. Other engagements have included development of a land valuation model for an affiliate of Morgan Stanley Real Estate Services. Further engagements have included reviews of several Washington area full service hotels such as Sheraton and Hyatt.
Mr. Michaels also successfully arranged a $60,000,000 debt, equity and construction financing for a variety of real estate developments throughout the Washington, D.C and Baltimore marketplace. Mr. Michaels majored in Electronic Technology and Business Administration at the City University of New York, Queensborough College (1969 - 1972). He has also attended numerous managerial technical and behavioural seminars.