NEW YORK--(BUSINESS WIRE)--Eastdil Secured, L.L.C. (“Eastdil Secured” or the “firm”), the global real estate investment bank, today announced that it has hired John Bourret as Managing Director in its Dallas office, effective immediately. In this role, Mr. Bourret will be part of the firm’s global hospitality group and will be responsible for overseeing the hospitality business in the region, working closely with the entire hospitality group, including Louis Stervinou, Patrick Deming and Andy Wimsatt.
“We are delighted to welcome a professional of John’s caliber to the firm,” said D. Michael Van Konynenburg, President of Eastdil Secured. “John has a proven record of delivering creative, actionable solutions for clients in the hospitality sector, and his decades of experience will be invaluable for our clients as they look to navigate this dynamic market. We are focused on further growing and expanding our footprint in key markets such as Texas and the greater Sunbelt, where we see significant investor and lender interest driven by the region’s strong employment and population growth.”
“John brings his exceptional knowledge and relationships to our leading global hospitality business,” added Louis Stervinou, Managing Director and a member of the firm’s Management Committee. “Our team is coming off a strong 2021, during which we completed over $13 billion in global hospitality transactions, and we are excited to benefit from his expertise as we further grow our Texas and Sunbelt business.”
Mr. Bourret joins fellow Managing Directors Clint Frease, Josh McArtor, Elizabeth Malone, Philip McKnight, Ryan Reid and K.C. Scheipe in the Dallas office. The firm completed over $45 billion of sales, joint ventures, financings and M&A-related transactions across Texas and the greater Sunbelt region in 2021. Amidst a dynamic and active market, the addition of Mr. Bourret underscores the firm’s commitment to the region and long-term confidence in both the broader commercial real estate market and the hospitality sector.
“I am excited to join Eastdil Secured’s industry-leading team in Texas and grow the firm’s hospitality-focused capabilities in both Texas and throughout the Sunbelt,” said Mr. Bourret. “This is an opportune time to invest in the sector given the unprecedented growth dynamics we are experiencing, and the need for the trusted, specialized insight that Eastdil Secured provides has never been greater. I look forward to working closely with my colleagues around the world to support clients, grow our practice and build on the firm’s industry-leading momentum in Texas and the greater Sunbelt.”
The addition of Mr. Bourret brings the total number of transaction professionals in the firm’s Dallas office to 30, advising global clients across the industrial, multifamily, office, retail and hospitality sectors.
Prior to joining Eastdil Secured, Mr. Bourret was a Managing Director in the Hospitality Investment Advisory practice at Hodges Ward Elliott, specializing in institutional-grade hotel and resort property transactions throughout North America, Latin America and the Caribbean, including investment advisory, debt and equity placements. Prior to that, Mr. Bourret worked for more than 13 years at HFF, Inc., before its acquisition by JLL, where he played a critical role in forming and building its hospitality practice in Texas and the Central United States. Recent notable transactions include the recapitalization of the Ritz-Carlton Dallas and Hotel Crescent Court, the sale of the Hyatt Regency DFW Airport and the sale of Hotel Van Zandt in Austin. He is an active member of the North Texas Hotel Development Council of the Urban Land Institute. Mr. Bourret holds a B.A. from Texas Tech University.
About Eastdil Secured
As the most relevant and trusted advisor in the commercial real estate capital markets, Eastdil Secured creates value for clients through creative, actionable ideas and flawless execution. With an unrivaled combination of capital markets expertise and in-depth understanding of real estate fundamentals, Eastdil Secured delivers best-in-class advice on mergers and acquisitions, sales, joint ventures, debt placement, structured credit and loan sales to investors around the world. Headquartered in New York, Eastdil Secured has a broad global footprint to support clients with offices across the United States in Atlanta, Boston, Charlotte, Chicago, Dallas, Los Angeles, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., and internationally in Dubai, Dublin, Frankfurt, London, Milan, Paris, Hong Kong and Tokyo. For more information on Eastdil Secured, the global real estate investment bank, please visit https://www.eastdilsecured.com.
