Colliers International in Greater Phoenix announced its expansion into hospitality investment services with the addition of James Meng, vice president; and Jon Grantham, associate vice president.
Meng and Grantham specialize in hospitality investment properties, including branded and boutique assets, throughout the Western United States. Working on behalf of private investors, hotel investment companies, offshore investors, private equity funds, pension funds and public companies, the team provides advisory services and representation in the disposition, acquisition, management, financing and portfolio restructuring of hospitality assets.
“Hospitality represents a considerable market opportunity in Arizona and throughout the Western U.S.,” said Bob Mulhern, managing director of Colliers in Greater Phoenix. “James and Jon are successful hospitality specialists who control a significant share of the Greater Phoenix and Tucson markets. They are very strategic additions to our team with a unique offering that will provide opportunities to collaborate with our office and retail brokers on mixed-used projects.”
“We have ambitious plans to grow our business and felt the Colliers brand, services and leadership were an excellent fit,” Meng said. “Colliers’ extensive hotel advisory group provides an invaluable resource for our clients. We look forward to leveraging our capabilities and working on joint pursuits with Colliers’ professionals on a local, national and global basis.”
“Colliers provides one of the most prolific international platforms within the industry for foreign capital investment sales,” Grantham said. “Through this collaborative environment, we will be able to maximize exposure for our clients and provide a proven conduit to foreign capital.”
With more than 25 years of experience specializing in hotel real estate investment sales and management, Meng has a thorough knowledge of the hospitality market. His comprehensive hotel operations experience allows him to understand the unique challenges of the industry. His operational background includes general manager positions at Best Western, Clarion Hotel and Comfort Inn by Choice Hotels, Red Lions Hotel by Hilton, Holliday Inn Suites by IHG, Fairfield Inn & Suites by Marriott and select high-end boutique hotels.
Grantham began his career with Pierce-Eislen before joining Meng’s team as a hospitality and multifamily investment sales specialist. He brings a proven track record of success, closing more than $33 million in transactions in 2014. His inherent analytic mentality, forward-thinking approach, and in-depth knowledge of the hotel market creates significant value and upside for the team’s clients.
Meng holds a Bachelor of Arts in Applied Economics from State University of New York at Albany. Grantham received his Bachelor of Science in Sustainability, with a focus in economics, from Arizona State University.