Join the RELA Philadelphia chapter for a panel presentation discussing the current status of the hospitality industry focusing on geography and the performance of different categories of hotels. The discussion will then address the pace and timing of the recovery and how the impact of COVID is changing demand for certain services and amenities. Lastly, the presentation will conclude with perspectives on the hospitality industry post-COVID.
Ashish Parikh – CFO, Hersha Hospitality Trust
Ashish R. Parikh has been the Chief Financial Officer of Hersha Hospitality Trust since 1999. Prior to joining Hersha, Mr. Parikh was an Assistant Vice President in the Mergers and Acquisition Group for Fleet Financial Group where he developed valuable expertise in numerous forms of capital raising activities including leveraged buyouts, bank syndications and venture financing. Mr. Parikh has also been employed by Tyco International, Ltd. and practiced as a Certified Public Accountant with Ernst & Young LLP.
Mr. Parikh received his master’s in business administration from The Stern School of Business at New York University (NYU) and a bachelor’s in business administration from the University of Massachusetts at Amherst. Mr. Parikh is currently a board member of the Center for Real Estate Finance at NYU’s Stern School, the Philadelphia Real Estate Council, The Committee of Seventy and a member of the Real Estate Capital Policy Advisory Committee of the Real Estate Roundtable.
Jake Wurzak, President, Wurzak Hotel Group
Jake Wurzak is the President at Wurzak Hotel Group. Jake also serves as the company’s in-house counsel and co-general counsel.
Jake has been involved in the family hotel business from a very young age and is passionate about creating hotels and developing hospitality concepts in order to better enhance the guest’s experience. He is primarily focused on the analysis and executions of new acquisitions and dispositions, deal sourcing, new business development and the pursuit of third party management agreements. Jake also plays a key role in working with our brand partners as well as our capital and development partners to help grow the Wurzak Hotel Group. In addition, he leads the purchasing and procurement company, WHG Supply, LLC. Jake is also a member of the NSU Art Museum Fort Lauderdale Board of Governors.
Prior to joining Wurzak Hotel Group Jake worked with The Kor Group in Los Angeles, and Hersha Hospitality Trust in Philadelphia. Jake received his BBA, cum laude, with honors from The University of Miami School of Business. He later earned a Juris Doctorate degree from Nova Southeastern University. Jake also serves as partner in Dove Hill Holdings, LLC, a real estate investment firm. Jake is a member of the Florida Bar.
Date – Wednesday, January 20, 2021
Time – 1:00pm to 2:00pm
Wednesday, January 20th, 6:00 pm - 7:00 pm