President

David launched Cronheim Hotel Capital in 2010 as the hotel finance business of Cronheim Mortgage, a generalist mortgage banking firm. Under his leadership, CHC has grown to be one of the country’s premier hotel capital advisory firms with over $2 Billion of completed transactions in 35 states. David represents some of the industry’s most high-profile hotel investors and operators with a track record that includes construction, bridge, mezz/pref equity, stretch senior, JV equity and permanent financing. He’s completed over $4.5 Billion in transactions over his 20-year career, including nearly $2 Billion in hospitality transactions closed.

David has presented at numerous hotel industry events including Hunter Hotel Conference, Lodging Conference and AAHOA and has been featured on Cleveland Research’s “Travel Talk Live” and the Long Live Lodging podcast.

David lives in South Orange, NJ with his wife and two kids. He invests a lot of his free time in charitable endeavors; he currently chairs the board of directors of Operation Exodus Inner City, a non-profit that provides mentoring, after school educational programming and family support for impoverished Latino students and families in Washington Heights, Manhattan.

Senior Managing Director

Beau partnered with CHC in late 2020 and serves as Senior Managing Director. Within his role, he is responsible for originating and structuring capital on behalf of premier institutional clients, private ownership, developers, franchise groups, and third-party management companies specifically within the hospitality industry. 

Beau has helped his clients execute across the entire capital stack to include financing for construction, acquisition and refinancing, as well as mezzanine debt, preferred equity and recapitalizations totaling over $1 Billion solely in hotel transactions.

Prior to joining CHC, Beau spent time as a Managing Director within Mission Capital’s debt and equity group originating and structuring capital on behalf of hotel owners nationwide.  During his tenure at Mission, Beau was named by the Commercial Observer as one of the “Top 25 Under 35 Debt and Equity Professionals” in 2018.  In his tenure with Meridian Capital, Beau was tasked with building out their hospitality platform exclusively focusing on debt and equity for the hospitality sector. Beau is a graduate of NYU with a Bachelor of Arts in communication. He resides with his wife and son in Charleston, SC.

CEO of Cronheim Mortgage

Andrew began his real estate career at age 18 renting apartments to help pay for college in Boston, Massachusetts. As someone who has learned the business from humble beginnings, he has gained a wealth of experience at all levels of a real estate organization. He has used this knowledge to consistently rank among America’s most productive mortgage bankers, having arranged in excess of $800,000,000 in financing in the past 12 months alone. A number of the nation’s leading developers and institutional investors count on him for his market knowledge and intuitive sense of which strategic alternative is best for a given situation.

Andrew has written for Institutional Investor, National Real Estate Investor, etc., as well as many other local and national publications. A September 2006 article “Managing Expectations” correctly forecast the subprime and mortgage bond issues that impacted the market a year later. His September 2005 article for CIRE Magazine, “7 Real Estate Finance Myths Unveiled”, was one of their most read articles. Stewart envisions “a company that blends the vast experience of our seasoned professionals with a forward thinking approach that will create value for the institutions and developers we choose to represent. Most firms today emphasize either technology or relationships. We are poised to benefit greatly from synergizing the two.”

Prior to working at Cronheim, he worked at Donald Zucker Company from 1987 to 1994 and Donaldson, Lufkin, & Jenrette from 1984 to 1986.

He is a member of the ICSC, MBA/YMBA, IOREBA, and NAIOP.

Director

Ashish joined CHC in 2022 and brings over 14 years of hospitality experience to the team. During his career, Ashish has served in various positions and has performed every role within the financing, management, renovation and ownership cycle.

In his previous role as Director at Fortuna Realty Group, he oversaw a portfolio of hotels of over $1Bn in asset value and 700 personnel. He has negotiated several hundred millions of dollars of equity and debt transactions. Prior to Fortuna, Ashish was an Investment Banker at Cantor Fitzgerald where he was responsible for over $1 billion in transactional volume. Before Cantor Fitzgerald, Ashish worked at Credit Suisse in their Real Estate Investment Banking Group. Prior to becoming an Investment Banker, Ashish was an Officer in the United States Marine Corps and served on active duty for four years.

Ashish graduated with a BA in Economics and Psychology from Johns Hopkins University, earned an MBA from the University of Southern California’s Marshall School of Business and received a JD from Concord Law School. Ashish is a licensed attorney in the State of California.

Executive Director

Michael joined CHC in late 2022 and brings over 20 years of hospitality finance experience to the team. During his career, Michael has served in various positions and has performed every role within the debt and equity investment lifecycle. In his previous role as SVP Head of Debt Capital Markets for Peachtree Hotel Group and Stonehill, he sourced, structured, and closed over $1B of loans for the companies, primarily with local and regional banks. Prior to Peachtree, he spent over 10 years with Textron Financial where he financed hotels, resorts, golf courses/clubs, and marinas.

Michael is a graduate of The University of Georgia, and was born, raised, and still resides in Atlanta, GA.

Director

Jeffrey has helped to develop CHC into one of the premier hotel finance platforms in the industry. In his tenure, he’s underwritten and placed financing on hospitality properties throughout the country with a wide variety of capital sources – from bridge lenders and banks to CMBS and insurance companies. Jeffrey has been directly involved in more than $1.3 Billion of hospitality transactions, from economy brands to upscale resorts.

Jeff’s attention to detail, knowledge of hotel operations and proactive approach to solving problems helps to ensure a smooth and successful outcome for clients throughout the transaction process.

Jeffrey graduated from the College of New Jersey with a B.S. in Business Administration and a specialization in Finance. He currently lives in Morristown, NJ.

Director

David joined Cronheim Hotel Capital in 2017 from a prior career in investment banking where he worked on sell side M&A engagements and various equity offerings with Needham & Company in Boston. Since joining CHC, David has assisted in growing the firm’s national, regional and local lender base. He has created several key banking relationships allowing CHC to place capital and bank clients in new markets nationwide. David’s diligence and tenacity to ensure the best terms are received continue to turn prospective sponsors into long-term clients and friends.

David graduated from Boston College’s Carroll School of Management with a concentration in finance and accounting. He currently lives in Hoboken, New Jersey, and is an avid golfer. 

Associate

Caleb joined Cronheim Hotel Capital in 2022 from Hyatt Hotels Corporation where he worked as an Area Director of Revenue Management. He led the revenue management department for both the Hyatt Regency Jersey City and New Brunswick locations where he directed pricing, rolling forecasts, budgeting, and financial planning/analysis/reporting.

Since joining CHC, Caleb assists with writing pitch decks for hotel and general commercial real estate debt and equity investments, evaluating capital markets’ interest in and pricing of clients’ debt and equity needs, managing transaction due diligence and closing processes, and pitching clients’ financing requirements to prospective capital sources.

Caleb graduated from Auburn University with a BSBA in Economics. He currently lives in Bedminster, NJ with his wife and daughter. Outside of work Caleb enjoys Auburn athletics, golf, ancient history, and serving at his local church