Rick Hagerman joined Leisure Real Estate Advisors, LLC as a Senior Investment Advisor in 2004.
Mr. Hagerman’s experience in originating, structuring and acquiring investments within the hotel real estate industry is unsurpassed. With the completion of hundreds of acquisitions, dispositions, and sales totaling nearly $1 billion, his track record speaks for itself.
Prior to joining Leisure Real Estate Advisors, he held the position of Director of Real Estate for American Executive Management Company a hotel development and management company. In that capacity, he served as lead executive in site acquisition, investment valuation and brokerage. Additional efforts included development of national strategic alliances with hotel investors, developers, and financial institutions. His responsibilities included complete oversight of the marketing and sale of a wide variety of hotel assets, from limited service hotels to full service resorts.
Prior to AEM, Mr. Hagerman served as Director of Real Estate Acquisitions for Selco, Inc., a Kansas City based investment and syndication firm. During his tenure, he facilitated the acquisition and investment placement of over $750 million of hotel assets. One multi-property transaction of note included the placement of over $130 million in debt and equity to facilitate the acquisition through Bear Stearns and Westinghouse. He was also responsible for negotiating the successful sale and ownership transfer of notable properties such as the Royal Plaza Hotel in Disney Village, Orlando, Hilton Hotel in Myrtle Beach, SC, and the Doubletree Inn in Scottsdale, AZ.
Since joining Leisure Real Estate Advisors, Mr. Hagerman continues to build an impressive list of closed transactions and has totaled over $250 million in sales during that period. His clients continually recognize his professionalism and depth of knowledge of all facets of a hotel transaction, both valuable assets in today’s complex deal making environment. His experience from Wall Street to Main Street provides insight few brokers possess.
Mr. Hagerman received his Bachelor of Science degree at Kansas State University with a minor in Psychology.