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Richard Musgrove CHAM, CHA, CCIM, RPA

Executive Vice Presidnet

Contact Information
Education
  • Master of Business Administration, Graduate School of Business, University of Chicago
  • Bachelor of Science, Hotel Administration, Cornell University

Richard Musgrove CHAM, CHA, CCIM, RPA

Executive Vice Presidnet

Rich has more than 30 years of asset management and advisory experience in the hospitality and commercial real estate industries. He is also an active investor in lodging properties in multiple markets.

Prior to joining HotelAVE, he held senior leadership positions with investment advisory firm Chartres Lodging Group, as well as public real estate investment trust Ashford Hospitality Trust, where he created the REIT’s asset management department while overseeing growth from a 12- property portfolio to 120 properties within a three-year period.  His additional asset management experience includes positions overseeing multiple classes of real estate with Host Marriott Corporation, The Estate of James Campbell, and the Trammell Crow Company.

“One of the great benefits of working in the hospitality asset management profession is that you get to interact directly with individuals in all levels of the business, from line employees in the hotels to executive level investors from around the globe.  It can get challenging at times balancing all of the stakeholders’ interests, but it never gets boring!”

Affiliations and Certifications
  • Certified Hotel Asset Manager Advisory Panel (CHAM): Inaugural Chairman, Member
  • Cornell Hotel Society (CHS): Member
  • Hospitality Asset Managers Association (HAMA): Member
  • National Association of REALTORS®: Institute Affiliate Member
  • Certified Hotel Asset Manager (CHAM)
  • Certified Hotel Administrator (CHA)
  • Certified Commercial Investment Member (CCIM)
  • Real Property Administrator (RPA)
  • Licensed Real Estate Broker, State of Texas
Publications/Articles
  • Co-Editor: Hotel Asset Management Principles and Practices (2016) 3rd Edition
  • Co-Author: “The Hotel Investment Decision: Buy, Hold and Sell Analyses (Chapter 5) – Hotel Asset Management Principles and Practices (2009) 2nd Edition
  • Co-Author: “The Hotel Investment Decision: Buy, Hold and Sell Analyses” (Chapter 10) – Hotel Asset Management Principles and Practices (2004) 1st Edition
Has worked at hotelAVE since
2012
Interests and Hobbies

Rich became a PADI-certified advanced scuba diver while working for a Caribbean resort company in one of his first jobs after college.  He loves to travel, maintains a second home on the island of Oahu in Hawaii, and has been fortunate enough to visit all seven continents.