{"id":1004124620,"date":"2015-08-05T06:04:14","date_gmt":"2015-08-05T14:04:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124620"},"modified":"2020-05-19T09:45:06","modified_gmt":"2020-05-19T17:45:06","slug":"cbre-grabs-pkf-in-the-true-north","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-pkf-in-the-true-north\/","title":{"rendered":"CBRE Grabs PKF in The True North"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004124630\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Bill-Stone-CBRE-Hotels.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004124630\" data-attachment-id=\"1004124630\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-pkf-in-the-true-north\/bill-stone-cbre-hotels\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Bill-Stone-CBRE-Hotels.jpg\" data-orig-size=\"448,297\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1343048063&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;105&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Bill Stone CBRE Hotels\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bill Stone, CBRE Hotels&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Bill-Stone-CBRE-Hotels.jpg?w=448\" class=\"size-thumbnail wp-image-1004124630\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Bill-Stone-CBRE-Hotels.jpg\" alt=\"Bill Stone CBRE Hotels\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004124630\" class=\"wp-caption-text\">Bill Stone, CBRE Hotels<\/p><\/div>\n<p><a href=\"https:\/\/www.cbre.com\" rel=\"nofollow\" target=\"_blank\">CBRE Group<\/a> Inc.\u2019s presence in the hospitality services arena gets a big boost with the commercial real estate services firm\u2019s acquisition of PKF Consulting Inc., a top advisory, consulting and research firm focusing on the Canadian hospitality and tourism industries.<\/p>\n<p>PKF Canada has a notable presence in the Canadian hospitality sector, having provided advisory services for assets totaling more than $4 billion over the last four years. CBRE has its reasons for making such a big move north of the border.<\/p>\n<p>\u201cCanadian hotels appeal to a broad range of investors and conditions are producing near-record pricing and investment volumes. CBRE\u2019s enhanced service offering bridges the divide between the dynamics of hotel operations and physical real estate, and will allow us to better guide our clients in this very active sector,\u201d Bill Stone, executive vice president for CBRE Hotels in Canada, told <em>Commercial Property Executive<\/em>.<\/p>\n<p>On the Canadian hospitality scene since 1970, PKF Canada plies its trade through offices in Toronto and Vancouver. The firm accommodates a variety of clients, ranging from hotel owners and operators to real estate developers and investors to product and service providers to the industry. And its list of services is even longer, encompassing market and economic feasibility studies, real estate appraisals, operational reviews, asset management, management contract negotiations and acquisition due diligence.<\/p>\n<p>PKF Canada\u2019s cracker-jack talent team, spearheaded by founders David Larone and Brian Stanford ,will join CBRE\u2019s hospitality division, CBRE Hotels, and the Canadian services firm\u2019s market research data and analysis will be folded into CBRE\u2019s larger PKF research platform.<\/p>\n<p>That\u2019s progress. CBRE\u2019s acquisition of PKF Canada marks another major step in the firm\u2019s campaign to become the top global intermediary in hospitality services, transpiring just over one year after its <u><a href=\"https:\/\/www.commercialsearch.com\/news\/headlines\/cbre-acquires-pkf-consulting\/1004100874.html\" target=\"_blank\">purchase of PKF Consulting USA and its research affiliate<\/a><\/u>, PKF Hospitality Research L.L.C. Now, CBRE can check North America off its list.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Group\u2019s presence in the hospitality services arena gets a big boost with its latest acquisition.<\/p>\n","protected":false},"author":969,"featured_media":1004124630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004124620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBRE Grabs PKF in The True North - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-pkf-in-the-true-north\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Grabs PKF in The True North\" \/>\n<meta property=\"og:description\" content=\"CBRE Group\u2019s presence in the hospitality services arena gets a big boost with its latest acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-grabs-pkf-in-the-true-north\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-05T14:04:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T17:45:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Bill-Stone-CBRE-Hotels.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"CBRE Grabs PKF in The True North\",\"datePublished\":\"2015-08-05T14:04:14+00:00\",\"dateModified\":\"2020-05-19T17:45:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Bill-Stone-CBRE-Hotels.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-grabs-pkf-in-the-true-north\\\/\",\"name\":\"CBRE Grabs PKF in The True North - 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