Real Estate Forum: Forum 100
CONTACT US | METHODOLOGY
Molinaro Koger Capital Markets
Finance | Honorable Mention
Company:   Molinaro Koger Capital Markets    
Address: 8000 Towers Crescent, Suite 1200    
City: Vienna    
State: VA    
Zip:   22182    
Phone: 703 760 9600    
Fax: 703 769 9601    
Email: mkcapital@mkhotels.com    
Website: www.mkhotels.com    
Key Executive      
1. Name: Ed Blum    
    Title: Managing Director    
2. Name: Bracken White      
    Title: Managing Director    
3. Name: Randy Gray      
    Title: Senior Vice President    
4. Name: Pierre Ranjeva    
    Title: Senior Analyst    
*Number of Offices: 3    
*Number of Employees: 10    
*Gross Revenues Fiscal Year 2006: 621.0 million    
*Projected Revenues Fiscal Year 2007: 735.0 million    
Selected Areas of Specialization: hospitality finance including debt, equity, mezzanine, construction and refinance.    
Company Overview: Molinaro Koger (MK) is the world’s leading hotel-exclusive real estate brokerage, advisory and capital markets firm. The company structures transactions of boutique through luxury market segment assets throughout the world. MK is headquartered in metro-Washington, DC, and has offices in London, Atlanta, Beijing, Chicago, Cincinnati, Dallas, Los Angeles, Mumbai, New York, Phoenix, San Francisco and Shanghai. Molinaro Koger’s Capital Markets Group arranges hotel-specific financing, including debt, equity, and mezzanine sources, for MK’s client base, both domestically and internationally. Ed Blum, Managing Director, Capital Markets, is skilled in corporate hotel finance, investment analysis, mergers and acquisitions, venture capital, capital raising, lender and investor relations, and corporate workouts both domestically and internationally. During the past decade, Mr. Blum’s expertise and contacts have facilitated his completion of more than $3 billion in hotel financing and transactions in the United Kingdom, France, Italy, Spain, Czech Republic and the United States. Founded in 1959, Molinaro Koger successfully markets hotel real estate, sponsors limited partnerships, and arranges financing for clients. Since 1959, the company has grown and assisted clients in achieving their investment goals throughout real estate cycles.    
*Total Number of Financing Transactions
Arranged or Committed in 2006:		 14    
*Total Value of Financing Transactions
Arranged or Committed in 2006:		 621. million    
Percentage by Financing Type:      
Public Debt: 0 %    
Private Debt: 65 %    
Public Equity: 0 %    
Private Equity: 25 %    
Hybrid: 10 %    
Value by Financing Type:      
Public Debt: 0.    
Private Debt: 404. million    
Public Equity: 0.    
Private Equity: 155. million    
Hybrid: 61.    
Percentage by Property Type:      
Office: %    
Industrial: %    
Retail: %    
Apartments: %    
Hotels: 100 %    
Other: %    
(Please specify)    
Percentage by Geographic Area      
Northeast: 27 %    
Southeast: 13 %    
Midwest: 13 %    
Southwest: 13 %    
West: 13 %    
International: 13 %    
Percentage by Rate Types:      
Fixed: 40 %    
Floating: 60 %    
Interest-Only: 0 %    
Percentage by Loan Types:      
CMBS: %    
Construction: %    
Mezzanine: %    
Permanent: %    
Bridge: %