USA, Los Angeles, California. January 10, 2024

RobertDouglas, one of the country's leading lodging investment banking firms, has promoted Patrick Tan to the role of Senior Vice President. The announcement was made by Stephen O'Connor, Principal & Managing Director of RobertDouglas. Based in the firm's Los Angeles office, Mr. Tan has been an integral part of the firm's growth as a successful and highly respected advisor to private and institutional clients in the hospitality space.

"Patrick is a rising star within our firm," said O'Connor. "It is with great pleasure that we welcome him to our senior management team and also recognize him as a leader for transaction execution as we continue to strategically expand our organization and enter the next phase of the economic cycle."

Rob Stiles, Principal & Managing Director and co-founder of RobertDouglas, added, "Over the four years that Patrick has been with our firm, we have benefitted greatly from his expertise in evaluating operating companies and his diligence underwriting hotel real estate; his energy and enthusiasm networking in large groups as well as working in small teams; and his passion and enthusiasm for all aspects of the dynamic hospitality industry. This is a milestone for Patrick and further solidifies the depth of talent within the firm."

Mr. Tan advises clients in the sale, financing and joint venture capitalization of institutional-quality hotel properties and portfolios throughout North America. Notable transactions executed by Mr. Tan include the investment sales of the AC Hotel in Louisville, KY; the pre-development bridge financing of a project in Woodland Hills, CA; and the portfolio financing for Gravity Haus.

Prior to joining RobertDouglas, Mr. Tan worked at a private equity and debt investment firm that primarily invests in the branded restaurant industry, focusing on franchisors & franchisees, independent chains, companies serving the restaurant end-markets, and related real estate opportunities. Mr. Tan is a graduate of Cornell's School of Hotel Administration.