“Charles Hoffman is eminently qualified to lead Eastern Union’s new hospitality group,” said Abe Bergman, co-founder and managing partner of Eastern Union. “He has an intimate understanding of the entire capital stack associated with the hotel industry, and he understands the degree to which the pandemic has stirred up volatility within this sector
“Hospitality poses special challenges as an asset class,” Bergman said. “It’s cumbersome to underwrite and manage, and COVID-19 has added new complications. Charles Hoffman will manage a skilled team of specialists ready to serve this sector.”
Read more: Eastern Union bolsters commission data broker unit with new hire
The move comes on the heels of the launch of Eastern Union’s commission data broker division in September. The company hired Victoria Smith as senior data specialist to help train new commission data brokers.