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Peter Willis draws on two decades of experience in global business and project development, real estate investment and asset management to source and secure opportunities for Kor Hotel Group's new business and financing initiatives. Based in Miami, he steers hotel acquisition and management contract growth across the U.S. and internationally.
In mid-2006, he joined Kor as Vice President, focusing on U.S. and Caribbean acquisitions and third-party management contracts; his efforts have been key to Kor's ongoing growth initiatives. While evaluating, negotiating and underwriting specific hotel investments and obtaining and negotiating management contract prospects, he also supported strategic acquisition and corporate planning efforts.
Before joining Kor, he served as Vice President, Acquisitions/Business Development for Innkeepers USA Trust/Innkeepers Hospitality, where he sourced, assessed, negotiated and underwrote investment opportunities and developed incremental management contracts for assets under the Marriott, Hilton and Starwood banners, among others. He also oversaw dispositions and assisted with corporate development and restructuring. His tenure resulted in a $500 million transaction volume over 18 hotel acquisitions.
Peter also held positions with an industry-leading firm supporting the opening of luxury hotels. Establishing the organization's first international operation in the Asia/Pacific region in 1994, he directed the repositioning and opening of properties throughout the region and in the U.S.; by 2001, he led overall strategic planning, business development and investor relations as well as integrating acquisitions among the firm's operating entities. Peter began as an analyst and asset manager of hotel, residential and commercial properties for Japanese investment firm JDC America in Tokyo and domestically.
Peter has a Bachelor of Science in Business Administration from the University of Florida and has completed professional programs at Cornell University's Hotel School and Obirin University in Tokyo. | 