Los Angeles – July 25, 2013 – CBRE Group, Inc. today announced that it has appointed highly regarded hospitality industry professional Arthur Buser to head the firm’s Asia Pacific Hotels team. In his new role as Executive Managing Director, Mr. Buser will oversee the firm’s team of hotel-industry professionals throughout the region, working closely with Robert McIntosh, Executive Director for CBRE Hotels Asia Pacific. Mr. Buser will be based in Singapore.
Mr. Buser has more than 30 years of hospitality industry experience, having held a variety of roles in both hospitality real estate and operations. He was previously CEO and President of Sunstone Hotel Investors following 11 years in a variety of roles at Jones Lang LaSalle Hotels, most notably as head of its U.S. Global Hotel Capital Markets team.
Kevin Mallory, Senior Managing Director and Global Head of CBRE Hotels, said Mr. Buser’s appointment is a key step in delivering global and institutional hotel expertise in the Asia Pacific region.
“Art is one of the most respected professionals in our business,” Mr. Mallory said. “His appointment is a milestone for our practice both in Asia Pacific and around the globe. We are very excited to bring Art’s relationships, experience and industry knowledge to bear for the benefit of our clients.”
During his time with Sunstone Hotel Investors, Mr. Buser headed a New York Stock Exchange-listed company with 33 upscale hotels, 13,000 rooms, revenue of $800 million and EBITDA of $160 million. Prior to Sunstone, he held a variety of roles at JLL Hotels, personally transacted over $4 billion of hotel debt and equity transactions and was a member of its global board.
He has also worked in various management and operations roles at The Yarmouth Group and Hilton Hotels Corporation. Mr. Buser holds a Bachelor of Science degree in Hotel Administration from the Cornell School of Hotel Administration and has an MBA from UCLA’s Anderson School of Management.
CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 36 offices across the globe. For more information, please visit our website at www.cbrehotels.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.