Broker of the 

MONTH

“I HAVE WORKED WITH BILL 

FOR OVER 20 YEARS. HE KNOWS 

THE ARIZONA & SURROUNDING 

MOUNTAIN REGION HOTEL 

MARKETS BETTER THAN ANYONE 

IN THE INDUSTRY. ALSO, ON THE 

GOLF COURSE HE IS WITHOUT 

EQUAL & THE MOST FUN PERSON 

TO HANG WITH FOR 19 HOLES!”

 

– JOHN J. PAPPAS, Principal, SCS ADVISORS, Inc.

DODGING A BULLET

After another decade at CBRE, Murney called it a 20-
year career in 2004 and headed to Molinaro Koger 
where he served five years as Managing Director. “I 
went to Molinaro because hospitality was all they did 
there,” he says. “We made some good money there, 
but in the end I found out the company was all about 
Rob Koger.” 

///

 Murney left in 2009 to join HREC 

but tells a compelling story of a situation later that 
validated his move. On a fateful day in June 2011, 
Koger was sued by Host Hotels & Resorts. The Wall 
Street Journal reported: “Host sued the firm and its 
president, Robert Koger, alleging that Koger brokered 
the sale of three Host hotels in 2009 and 2010 to 
straw buyers created by Molinaro Koger without 
Host’s knowledge. Koger then immediately flipped 
the properties to legitimate buyers at higher prices, 
keeping the profit and the commission for himself.” 

///

 Murney adds that the announcement of the suit 

came right before one of the nation’s three largest 
hotel conferences, this particular one in New York. 
“It was all anyone was talking about, and I was very 
happy that I had made the decision to leave two years 
earlier,” he says. 

///

 In August of 2014, Koger was 

sentenced to 11 years in prison for financial fraud 
resulting in $55 million in losses.

PHILOSOPHY

Beginning his eighth year at HREC, Murney 
appreciates the organization’s structure 
and stresses its importance in conducting 
transactions. “I work with institutional clients, 
so I need to have a national platform,” he 
says. “HREC’s platform fits.” 

///

 As one of 

the few hotel brokers in Greater Phoenix, 
Murney has built his own special niche. “The 
key is you always need to add value and bring 
something to the table,” he says. “You get all 
the information you can from every source 
you can, catalogue it, retain it and provide it 
to your client.” 

///

 And while the operational 

situation at HREC facilitates deal flow for 
Murney, throughout his career, the emphasis 
and the lever of success has always been about 
one thing. 

///

 “I’ll outwork anybody – I’m Irish, 

it’s all I’ve got,” he quips. “During the first two 
years at CBRE, I turned the lights on and off 
every day. In this business, there is no other 
way than to grind it out and work hard.” 

///

 

Guess that saying, “Always be the first one in 
the office and last one out” is more than just 
a cliché! 

602.334.4387

3engineering.com

We will take your project from 

conceptual design... 

Through the final stages

of construction.

Planning

Civil Engineering

Surveying

Chandler, AZ

Scottsdale, AZ

Phoenix, AZ