“Do the right thing. It will gratify some people and astonish the rest.”
Richard Warnick is President and founder of Warnick + Company, a hospitality advisory and asset management firm that serves many of the world’s leading hotel and real estate companies, private investors, financial institutions, and government agencies. The company has offices in Phoenix, Los Angeles, Minneapolis, Chicago, and New York.
Rich has been involved in virtually every aspect of the hotel industry including operations, development, finance, brokerage, and brand and business strategy. Before forming Warnick + Company, Rich was a principal with Laventhol & Horwath (L&H), an international accounting firm known for its expertise in the hospitality and real estate industries. Prior to joining L&H, he was a development executive for two international hotel companies. He began his career in hotel operations and held senior level management positions with several noted hotel management companies.
Rich is also a partner in Montage Hotels & Resorts, a luxury hotel company founded in 2002. He serves as an advisor to the company and has represented Montage in acquisitions and development deals worth more than $2.5 billion in total asset value. The company opened its flagship property, the Montage Resort & Spa Laguna Beach, in 2003 and opened its second property, the Montage Beverly Hills, in Beverly Hills, California in 2008. Montage opened its second hotel in Beverly Hills, California in 2008. Montage Deer Valley, Utah, will open in December of 2010 and promises to be the premier mountain resort in North America. Numerous other Montage properties are under development.
Rich is a member and former co-chair of the Urban Land Institute (ULI) Hotel Development Council. He is past President, Chairman Emeritus, and a current board member of the International Society of Hospitality Consultants (ISHC), an organization comprised of prominent hospitality consultants from around the world. He is also a member of the Hotel Asset Managers Association (HAMA).
Rich has written numerous articles on hospitality industry issues and is a featured blogger for Hotels Magazine. He is a frequent speaker at real estate, finance, and hotel industry conferences and round tables. Rich was contributing editor to "Resort Development, Second Edition," published in 2008 as part of the "ULI Development Handbook Series." He conceived and was a co-author of ISHC’s inaugural, ground-breaking study of lodging industry capital expenditures titled "CapEx – A Study of Capital Expenditures in the U. S. Hotel Industry." He also authored "The Resort Report – A Benchmark Study of Resort Hotels in North America, Hawaii, and the Caribbean." Rich is a member of the Board of Advisors of Quest Hospitality Ventures, the only venture capital firm specifically focused on the hospitality industry.
Rich attended the Pennsylvania State University and graduated from Western International University with a dual major in finance and marketing.
2398 East Camelback Road, Suite 1150
Phoenix, AZ 85016-9018
(602) 955-9393 Ext. 1
rwarnick@warnickco.com