Paul Novak

Executive Director, Lodging Acquisitions

Mr. Novak leads the hotel acquisition efforts for Whitman Peterson. Mr. Novak is one of the premier development and acquisition executives within the hotel industry.  He has acquired or developed over $4 billion in hotel assets over the past 40 years, through his leadership roles at companies such as:  Marriott, where he participated in the creation of the Courtyard by Marriott product and oversaw development of the first 225 Courtyard assets (in addition to overseeing development for the Residence Inn and Fairfield Brands); the Hampstead Group (where Bob Whitman was Co-CEO), under the entity known as Bedrock Partners, where he led acquisitions and redevelopment efforts for several of Hampstead’s large portfolio investments (including a large program with Wyndham Hotels and Resorts, the consolidation of Harvey Hotels and United Inns into Bristol Hotels, and the acquisition of 100+ Holiday Inn assets from Bass PLC, which were ultimately sold to FelCor Lodging Trust);  and other national investment and operating companies such as La Quinta, the John Buck Company, Burger King Worldwide, and Wyndham Hotels and Resorts.   Mr. Novak has a BA degree from one of the country’s premier hotel schools, Michigan State University.  He is very active in the real estate development and hospitality industries, having served as Chairman of the National Association of Industrial and Office Properties (NAIOP) and President of the Travel and Tourism Research Association (TTRA).  He is also an active member of the Urban Land Institute (ULI) and is an original member of ULI’s Hotel Development Council (HDC).