TORONTO ─ Knightstone Capital Management Inc. has announced the formation of the Knightstone Hotel Group, a strategic partnership between Knightstone Capital Management and hotel-industry veteran, Bill Stone.
The hotel group will focus on the acquisition, development and asset management of high-quality hotel assets in Canada and abroad. Stone brings a wealth of experience to the company as one of Canada’s leading hotel advisors and consultants. Over the past 30 years, he has been involved in more than 350 hotel transactions, valued at more than $6 billion, comprised of single-asset and portfolio sales of both independent and branded properties.
“Bill is an icon within the Canadian hotel landscape, and, coupled with Knightstone’s hospitality-and-development expertise, we will be exceptionally positioned to establish and grow a successful hotel portfolio to augment our existing asset base. Bill brings immense experience in skillfully structuring and negotiating hotel transactions. Having worked with him closely over the past 10 years, we are excited to launch this new venture and harness Bill’s vast expertise to position Knightstone Hotels as an industry leader,” says Alan Perlis, president of Knightstone Capital Management.
“We believe in the long-term potential of the Canadian hotel industry. Our relationship with Knightstone has complementary synergies and the united goal of acquiring and developing a portfolio of significant urban assets. We look forward to helping Knightstone accelerate its growth in the lodging sector,” says Stone.
Prior to joining Knightstone Hotel Group, Stone served as executive vice-president of CBRE Hotels, where, since 2010, he established and led one of the largest hotel brokerage and advisory firms in Canada. Stone also worked as a hotel real-estate advisor for two decades before CBRE at Colliers International and Laventhol & Horwath.
Also joining Knightstone Hotel Group as its vice-president is Deborah Borotsik who brings more than two decades of sales, marketing, and underwriting experience in the Canadian hotel industry. Most recently, Borotsik was vice-president of CBRE Hotels, where she was responsible for due diligence, strategic advisory, and valuation of transactions. Prior to CBRE, Deborah also worked at Colliers International, as well as Price Waterhouse and Laventhol & Horwath.