Editorial Board   Guest Author

Mr. Drury

Bob Drury

Senior Managing Director, CREXi

Bob Drury has been involved in the real estate industry since 1987, focusing primarily on acquisitions, re-development and dispositions of commercial real estate. Mr. Drury currently is Senior Managing Director at CREXi, overseeing growth of the company's transactional services including CREXi's Auction Platform and Elite Services.

Prior to joining CREXi in 2019, Mr. Drury was engaged to help grow the private client group at Auction.com Commercial, focusing on transacting third party and REO commercial asset sales. Prior to Auction.com, Mr. Drury was Sr. Vice President of Acquisitions/Development for Red Mountain Retail Group (RMRG) with the responsibilities of acquisitions and repositioning nationwide, sourcing transactions, underwriting cash flows, performing due diligence, and closings. In this capacity, Mr. Drury sat on the Investment Committee and oversaw all acquisition/development, and related staff. In his 13 years at RMRG, MR. Drury was involved in the acquisition and repositioning of 75 properties totaling more than 5 million square feet.

Prior to joining RMRG, Mr. Drury was a retail broker at Marcus & Millichap focused on retail investment sales and national corporate real estate services. Mr. Drury was also a Senior Manager at Ernst & Young Kenneth Leventhal Real Estate Group providing real estate consulting services to large national tenants.

Mr. Drury is a member of the International Council of Shopping Centers (ICSC). He also is on the board of the Orange County United Way Real Estate and Building Industry Committee. Mr. Drury attended Long Beach State University and holds a BS and a JD from Western State University College of Law.

Please visit http://www.crexi.com for more information.

Linkedin Profile: https://www.linkedin.com/in/bobdrury/

Mr. Drury can be contacted at +1 951-377-1987 or bob@crexi.com

Coming up in November 2020...

Hotel Design: Home Away From Home

With the rise of the sharing economy and the peer-to-peer marketplace for lodging options, hoteliers are re-thinking the look, feel and appeal of their locations. There is an emphasis on re-creating a feeling of homeyness - a comfortable, cozy and inviting space that feels like home. 'This is accomplished through the careful selection of furniture design, paint colors, lighting design, artwork, bathroom fixtures and textile accessories. In addition, some hotels are providing their guests with upscale amenities, such as a book and movie library, home-style kitchenettes, a coffee machine with locally-sourced beans and tea, or even a batch of fresh-baked cookies. Similarly, there is a growing design trend based on the concept of place-making. Travelers are searching for experiences that are unique and authentic to the locale in which they find themselves, and so hotel designers are integrating a sense of place into their work. This is partially achieved by incorporating traditional artisanal crafts and other local artwork into hotel rooms and communal spaces. Another design trend includes the creation of full-service, co-working environments within the hotel. Guests don't like to stay alone in their room when they need to work, so now they can go downstairs to the lobby-or up to the roof-to work among others. These areas encourage guests - and non-guests alike - to stay as long as they like and to partake of hotel amenities. Finally, recognizing the importance of the Wellness Movement, some designers are exploring how room design can increase the likelihood of deep and restorative sleep. Creating dark and quiet spaces, blocking excessive light, providing guests with a selection of different kinds of pillows, and the ability to control room temperature, are a few of the best practices in this area. These are some of the architecture and design topics that will be covered in the November issue of the Hotel Business Review.