Newmark Grubb Knight Frank Hotels Expands With Key Hires

           Newmark Grubb Knight Frank Hotels Expands With Key Hires

PR Newswire

NEW YORK, Jan. 16, 2013

NEW YORK, Jan. 16, 2013 /PRNewswire/ -- Newmark Grubb Knight Frank (NGKF), one
of the world's leading global real estate advisory firms, today announced the
addition of three hospitality professionals to its rapidly growing NGKF Hotels
group, an extension of NGKF Capital Group. Joe Weinberger joins as a managing
director, Jonathan Kule as a vice president, and Rachel Cohen as an associate.

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The hires reinforce NGKF Capital Group's commitment to attract top talent as
it continues to expand its offerings as a comprehensive, best-in-class advisor
for the hotel industry.

"These new members of our group add invaluable capability and depth of
hospitality expertise," said Michael Lehrman, global head of real estate at
NGKF parent company, BGC Partners, Inc. "By equipping Joe, Jonathan, Rachel
and all of our industry-leading capital markets professionals with the
unparalleled, integrated resources of NGKF Capital Group, including Landauer
Valuation & Advisory, as well as Cantor Fitzgerald and Cantor Commercial Real
Estate (CCRE), we offer clients a service platform like no other. We are
ideally positioned to address every aspect of our clients' real estate and
finance needs."

NGKF President and head of NGKF Capital Group James D. Kuhn stated, "Halfway
into our one-year plan to build a fully integrated capital markets platform,
in addition to the nearly 150 capital markets and investment sales
professionals acquired through the acquisition of Grubb & Ellis, we have added
more than 35 high-level capital markets executives in the last six months, and
we are only getting started."

Clients benefit from the capital markets prowess and the global reach of
full-service commercial real estate advisory firm NGKF and its London-based
partner, Knight Frank, according to Jonathan Falik, head of hospitality
capital markets and head of hotel investment sales for NGKF Hotels.

"The combined platform of NGKF, its affiliates and partners includes a wide
spectrum of services such as site selection and feasibility analysis,
appraisal, acquisition due diligence, joint venture equity raising, mortgage
finance, property and facilities management, investment sales, strategic
retail advisory and more," commented Mr. Falik. "We have the expertise, the
capability and the experience to add value for our clients throughout the
transaction and ownership cycles.

"Currently, NGKF Hotels has 28 hotels listed for sale throughout the country
and we are expecting to bring another 10 to 12 properties to market during
this first quarter of 2013. We recently completely the sale of the $105
million note secured by a 500-plus room, full-service hotel in the Northeast
that was purchased by an investor, and are engaged to secure $500 million in
equity and preferred equity for 10 assignments nationwide," Mr. Falik added.
"Clients have switched to NGKF from other firms because of its integrated
platform, robust access to the lowest cost capital and most active investors
globally. They are benefiting from our extended national team of experts in
major sectors such as retail, food and beverage, and gaming."

Mr. Weinberger will draw upon his extensive experience and longstanding
relationships within the hospitality sector to assist clients with
single-asset and portfolio acquisitions and dispositions, merger and
acquisition transactions, public and private debt and equity raising, and
strategic advisory assignments. He has played a primary role in closing
transactions totaling more than $12 billion in value, including hotel
investment sales, equity and debt underwriting, mergers and acquisitions, and
corporate restructurings.

Mr. Weinberger was most recently the founder and CEO of Two By Two LLC, a
hospitality investment and advisory business, and previously served as
principal and chief operating officer of JF Capital Advisors. Together with
Mr. Falik and a series of institutional capital partners, Mr. Weinberger
acquired or developed 25 hotels for JF Capital, amounting to more than 5,500
keys across the country. Prior to joining JF Capital in 2005, Mr. Weinberger
was a senior associate at Inlet Capital, LLC, a real estate mezzanine fund. He
also was an investment banker in the real estate, gaming and lodging group of
Bear, Stearns & Co. Inc. He received a bachelor's degree with great
distinction in economics from McGill University and an MBA from Columbia
Business School with a concentration in finance.

Mr. Kule will source business opportunities across real estate assets focusing
on hospitality, student housing, retail, and multifamily. Mr. Kule previously
was responsible for property valuation strategies at Ducat Investment Group, a
single-family mortgage fund. In his prior role, he worked in private equity
and brokerage at The Modlin Group where he helped to source and raise capital
for commercial deals in excess of $250 million; and, as a licensed real estate
broker, Mr. Kule was involved in over $100 million in New York residential
brokerage. He earned his bachelor's degree from the University of Michigan,
and a masters in real estate finance and investment from New York University.

Ms. Cohen will assist clients with acquisitions and dispositions, portfolio
transactions, management company and brand evaluation, strategic and capital
markets advisory, and property-specific capital raising. Ms. Cohen previously
worked with the acquisitions team at Hersha Hospitality Trust to analyze
hospitality capital markets and underwrite investment opportunities. In her
prior role, she was director of a subsidiary of SL Green Realty Corp., where
she managed the acquisitions, leasing, strategic partnerships and operations
of the group's commercial assets. She earned a bachelor's degree with
university honors in economics from the University of Michigan and an MBA from
The Wharton School at the University of Pennsylvania.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world's leading commercial real
estate advisory firms. Together with its affiliates and London-based partner
Knight Frank, Newmark Grubb Knight Frank employs more than 11,000
professionals, operating from more than 300 offices in established and
emerging property markets on five continents.

Newmark Grubb Knight Frank's integrated services platform includes leasing
advisory, global corporate services, investment sales and capital markets,
consulting, program and project management, property and facilities
management, and valuation services. A major force in the real estate
marketplace, Newmark Grubb Knight Frank serves the local and global property
requirements of tenants, landlords, investors and developers worldwide. For
further information, visit

Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a
leading global brokerage company primarily servicing the wholesale financial
and real estate markets. For further information, visit

Press Contact:
Mira Matic
Performance Public Relations

SOURCE Newmark Grubb Knight Frank

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