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4/19/2023- REIC Tampa Bay Hosts Leading Hospitality Market Experts
Wednesday, April 19, 2023, 5:30 PM - 7:30 PM EDT
Category: Events

Join us, for an informative event hosted by REIC Tampa Bay, featuring some of the most knowledgeable professionals in the commercial real estate industry. 

Our speakers include Michael Ritz, the Senior Vice President of Investments at Peachtree Hotel Group, Stewart Heath, the Vice President of Real Estate at OTO Development, and Matt Simmons, the Executive Vice President at Lockton Companies. These experts will provide valuable insights and updates on the current state of the hospitality investment market. The panel will also cover the hospitality insurance market and how it is impacting valuations and transaction activity. Our moderator, Preston Reid, the Managing Director at Hodges Ward Elliott, will guide the conversation and make sure you leave with a deeper understanding of this rapidly evolving industry. Don't miss out on this valuable opportunity to enhance your knowledge and network with fellow professionals!


Preston Reid (OUR MODERATOR) 

Managing Director at Hodges Ward Elliott

Preston Reid joined Berkadia's Tampa office as a Managing Director in 2019. Mr. Reid has 15 years of experience in commercial real estate with a primary focus on growing Berkadia's Hotels & Hospitality Team. Preston also has extensive knowledge of other asset classes. Most recently Mr. Reid's team sold The CURRENT, Autograph Collection for $85 million, or $472,000 per key, a record setting per key price in Hillsborough County.

Prior to joining Berkadia, Preston was a Senior Director in the Tampa office of HFF, LP. Before HFF, Preston worked at JP Morgan's CMBS Investment Banking Group, Wells Fargo's Real Estate Banking Group and SunTrust Robinson Humphrey's Real Estate Investment Banking Group. Preston graduated from University of Florida where he earned a degree in Finance. While at the University of Florida, Preston was a Teaching Assistant for the undergraduate Business Finance course and worked for the Athletic Association tutoring University of Florida athletes in Finance and Managerial Accounting. Preston resides in Tampa, FL with his wife and two children

Michael Ritz

Senior Vice President of Investments at Peachtree Hotel Group

Prior to joining Peachtree in 2017, Michael worked for Marcus and Millichap’s National Hospitality Group, where he was responsible for national market research, hotel asset valuations, inventory analytics and underwriting model development for all primary asset classes.

Michael graduated from Stonehill College with a Bachelor of Science in Finance. He then graduated from Cornell University’s School of Hotel Administration with a Masters of Management in Hospitality, concentrating in Real Estate. During his time in college, Michael worked with hotel owner-operators Hilton Worldwide and Hyatt Hotels Corporation.



Stewart Heath

Vice President of Real Estate at OTO Development

He oversees the hotelier’s team of real estate development professionals who specialize in market and site identification, feasibility, contract negotiations, and entitlement management for new hospitality development and acquisition opportunities.

Heath worked in real estate development for Johnson Development Associates before joining OTO Development in December 2018.

He is a graduate of The Citadel and a member of the 2022 class of Leadership Spartanburg.

"Real estate doesn't feel like a job to me; it's more of a passion that overwhelms me with energy every day," Heath says.-Hotel News Wire 

 Matt Simmons

Executive Vice President at Lockton Companies

Simmons is licensed in all 50 states. Specializing in large and complex placements - Including Property, Professional Liability, General Liability, Auto Liability, Workers Comp, Cyber, Tech E&O, D&O, EPL, Crime, Fiduciary, etc.

Simmons received a Master of Business Administration in Finance from the University of Tampa and a Bachelor of Science in Accounting from the University of Florida. He also holds an active Florida property and casualty license and CPA license.

Simmons lives in Tampa, Florida with his wife and two children.

Contact: [email protected]