Stephen Stoycos has been appointed EVP Hospitality Advisory & Consulting at Hotel


Stephen Stoycos

Hotel Asset Value Enhancement (hotelAVE), the premier hotel asset management company, has appointed Stephen Stoycos as the Executive Vice President of the firm’s Hospitality Advisory & Consulting business. Mr. Stoycos, a highly regarded industry veteran, will be responsible for overseeing the delivery of the firm’s advisory services and expanding the division. The announcement was made by Michelle Russo, Chief Executive Officer of hotelAVE.

With over 30 years of experience as a finance real estate and lodging leader, Mr. Stoycos has successfully managed more than $7.0 billion of transactions in global real estate facilities/operations, capital market acquisitions and investment acquisition and disposition for private and public institutional clients. Prior to joining hotelAVE, Mr. Stoycos served as the Managing Director of Investments & Real Estate Capital for a privately held real estate company, where he was responsible for leading the investment strategy, real estate capital markets (debt and equity) and portfolio asset management. During his 10-year tenure with Choice Hotels International, Inc., Mr. Stoycos served as a key member of the senior leadership team and was responsible for managing the company’s global corporate real estate functions, capital allocation strategy and upscale development to accelerate franchise growth. In his previous role as Senior Vice President at Marriott International, Inc., Mr. Stoycos was directly responsible for developing, implementing, and executing capital market strategies and was sourcing, structuring, and negotiating over $3 billion in capital transactions, including Marriott’s largest development mixed-use deals to date. Mr. Stoycos spent the formative years of his career in various senior leadership positions at real estate and mortgage financing institutions, with roles including Vice President at Citicorp Real Estate; Vice President at Washington Mortgage Financial Group; and Senior Vice President at Transwestern Carey Winston.

As Mr. Stoycos assumes his role as Executive Vice President, Advisory, hotelAVE is also pleased to announce the promotion of Mr. Loren Balsam to Chief Investment Officer. Mr. Balsam, who previously led the Hospitality Advisory & Consulting business, will focus primarily on strategic investments and supporting hotelAVE’s clients in identifying and executing new acquisition opportunities, while also spearheading the company’s marketing and business development initiatives.



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