TORONTO — Hotel-industry icons David Larone and Brian Stanford are beginning their transition into retirement as CBRE Valuation and Advisory Services (VAS) embarks on a new chapter.
Larone and Stanford have guided hotel development, investment and operations decisions for four decades. The pair helped build PKF Consulting into an industry leader before joining forces with CBRE in 2015.
“Not only are they subject-matter experts, they are also gentlemen,” says Paul Morassutti, vice-chairman, CBRE. “We have benefitted from their professional guidance and personal friendship all these years.”
Nicole Nguyen, Rebecca Godfrey and David Ferguson will form the new senior leadership team of CBRE’s VAS hotels operation.
“Their varied expertise and experience will serve our clients well and allow us to further elevate our services and data sets,” says Morassutti. “They will also be able to consult with David and Brian, who will remain special advisors to CBRE.”