Hotel Investment Specialist Michael DiPrima Team Joins CBRE
14 May 2020
DiPrima is based in Newport Beach, Calif. and is CBRE Hotels’ latest addition, following the hire of Robert Webster and his team in April
Los Angeles – CBRE announced today that industry veteran Michael DiPrima has joined CBRE Hotels. He is based in Newport Beach, Calif.
Mr. DiPrima will serve as executive vice president with a focus on investment sales in the Western U.S. as well as sourcing debt and equity placements. He is the latest hire by CBRE Hotels, following Robert J. Webster and his leading hotel investment sales team, based in Atlanta, who joined the firm from JLL in April of this year.
“We have been adding world-class caliber to our hotels team, and are excited to be able to count Michael among them,” said Kevin Mallory, global head of CBRE Hotels. “Michael ranks among the country’s top hotel investment brokers and his focus on the Western U.S. will help to cement our national and global footprint, while building out our company’s hotel platform that includes unrivaled hotel research and advisory services.”
Mr. DiPrima is a 15-year hotels expert who started his career at Hodges Ward Elliott where he last served as managing director after opening the firm’s Los Angeles offices in 2015. Some of his notable transactions include the trade of the Bacara Resort and Spa in Santa Barbara, the James Hotel - now a 1 hotel - in West Hollywood and the Hyatt in Indian Wells. Notable financing placements involved such prestigious lodging assets as the Pasea Resort and Spa in Huntington Beach and the Lido House - Autograph Collection in Newport Beach.
Mr. DiPrima holds a Bachelor of Arts from Pepperdine University.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.