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Timothy J. Dick, CRE, MAI, PhD

Senior Vice President

  • PhD, Hospitality Management, College of Human Sciences, Iowa State University of Science and Technology
  • Master of Professional Studies, SC Johnson College of Business, School of Hotel Administration, Cornell University
  • Bachelor of Arts, Political Science, West Virginia University

Timothy J. Dick, CRE, MAI, PhD

Senior Vice President

Timothy Dick is responsible for asset managing a portfolio of branded and non-branded hotels located primarily in the eastern United States and Internationally.

Prior to hotelAVE, Timothy was a Managing Director and Principal at Three Wall Capital, LLC, responsible for asset management, underwriting and acquisition for hospitality investments. The portfolio included a 5 diamond/5 star 30-room luxury Inn and Spa in Connecticut, a 208-room independent boutique property in New York City, a 144-room independent four diamond full-service property in upstate New York, a 64-room private beach and tennis club in Bermuda, two 100 room select service properties in Brooklyn, NY, a 254-room property in Atlanta, Georgia and a 155-room property in Secaucus, New Jersey. His portfolio is comprised primarily of equity investments and the market value of these assets approximates $450M. Prior to joining Three Wall Capital, Timothy served as Senior Vice President and Head of the Hotel Asset Management Team at TriMont, where he oversaw a portfolio totaling 170 hotels.

These responsibilities included providing strategic asset management services for numerous clients whose portfolios of commercial real estate properties were located throughout the Caribbean, U.S and Canada. The portfolio was comprised of equity investments, performing loans, and real estate owned assets. The hotels in this portfolio in total approximated $3.5B in market value and were represented by such brands as Marriott, Ritz Carlton, Le Meridien, Capella, Starwood, Carlson, IHG, Hilton, Wyndham, Hard Rock, and recognized independent/boutique properties.

Additional responsibilities included participating in the development and review of strategic plans for individual properties, primary and secondary market research for existing and proposed properties, and oversight of the management companies that operate hotels for large institutional investment clients. Other responsibilities included managing the process for disposition of REO assets, underwriting for loan origination, and all aspects of acquisition. Underwriting and acquisition due diligence included working with investors and clients in securing financing for hotel properties.

“At hotelAVE, we analyze our client’s hotels and real estate portfolios and determine the appropriate actions necessary in order to capitalize on the maximum opportunities. Whether systematically or opportunistically, providing solutions to our clients is challenging and rewarding and affords us the ability for mutual success.”

Affiliations
  • Appraisal Institute, Member, MAI Designation
  • Counselors of Real Estate, CRE Designation, Member
  • Hospitality Asset Managers Association (HAMA), Member, Board Member, 2019 President
  • International Society of Hospitality Consultants (ISHC), Member
  • Atlanta Hospitality Alliance, Member, Advisory Board Member
  • Guest Lecturer at Cornell University, School of Hotel Administration
  • Adjunct Faculty, Georgia State University, Cecil B. Day School of Hospitality Administration, Robinson College of Business
  • Speaker and panelist at CREW Network Convention, Seattle Washington, September 2005, Real Share NYC 2009, Hunter Realty Conference 2009, 2010, 2011, 2012 and 2019 NYU Hotel Conference 2010, Trigild Investor Conference 2009, and Americas Lodging Industry Summit (ALIS) 2011, 2012, Hotel Data Conference (2018)
  • Cornell Hotel Society (CHS), Past President
  • CHS Foundation, Chairman
  • Cornell University Council, Administrative Board, Member, Chair of Trustee Council Weekend Planning Committee
Has worked at hotelAVE since
2018
Interests and Hobbies

Outside of work Timothy enjoys traveling, reading, and volunteering at homeless shelters.