Stefan Ciotlos, president of CB Richard Ellis Limited, has announced that Bill Stone has joined the company as Executive Vice President to lead CBRE’s Canadian Hotel practice. Bill is joined by colleagues Deborah Borotsik and Mark Sparrow and will also work closely with CBRE Hotels’ Sarah Segal and Brian Flood to provide enhanced services to clients across the country.
Over the past 22 years, Bill has been involved in over 250 Canadian hotel transactions, valued in excess of $4.5 billion, spanning single asset and portfolio sales, independent and branded properties, from two to five star assets. At CBRE, Bill will be responsible for driving production and will take on a leadership role in further developing the Hotel platform across Canada.
Bill is a former President and board member of the International Association of Hospitality Accountants and sits on Ryerson University’s Campaign Cabinet, one of the fundraising catalysts for its Faculty of Business. He is Co-Chairman of the Annual Canadian Hotel Investment Conference which has donated more than $1 million to Ryerson University’s Hospitality and Tourism Management Program and is a member of the International Society of Hospitality Consultants and an advisory board member of Hotelier Magazine.
Deborah Borotsik, Associate Vice President, brings12 years of sales, marketing and due diligence experience in the hotel sector to CBRE Hotels. She will be directly responsible for working with owners to complete property and market due diligence and financial underwriting, property valuations and strategic disposition strategies, as well as executing effective marketing programs. Her experience extends across all asset classes throughout Canada.
Mark Sparrow joins CBRE Hotels as a Sales Associate and will be responsible for executing disposition strategies, sourcing buyers, providing due diligence assistance and analyzing Canadian investment trends. He will be actively involved in assessing values for a variety of hotel and resort asset types, and will work closely with owners to develop tailored marketing programs.