RobertDouglas Announces The Promotion Of David Smith To Director
Leading hospitality investment banking firm RobertDouglas announced the promotion of David Smith, based in New York City, to the level of Director, reflecting his contribution to the firm’s rapid growth as an advisor to private and institutional clients throughout North America.
“It is a great pleasure welcoming David to our senior management team,” said Robert Stiles, Managing Director and co-founder of RobertDouglas. “I have known David for years and believe he is one of the top up-and-coming talents in our industry.” Douglas Hercher, Managing Director and co-founder of RobertDouglas added “since joining us as an Associate in 2015, we have benefited from his passion for the hospitality industry, his energy and his talents in financial structuring. This is a milestone for him and evidence of the depth of talent within RobertDouglas.”
David Smith focuses on advising clients in the sale, financing, and joint venture capitalization of institutional-quality hotel properties and portfolios throughout North America. Recent transactions involving Mr. Smith include the sales of the 70 Park Avenue Hotel and Jade Hotel in Manhattan, the sale and subsequent financing of the Tarrytown House Estate on the Hudson in Tarrytown, New York, and advising in the refinancing of a major hotel in St. Louis.
Prior to joining RobertDouglas in 2015, Mr. Smith worked in corporate structured finance at Macquarie Group in New York City, where he was involved in over $500 million of financings. Mr. Smith is a graduate of the University of Sydney, with coursework at the HKUST Business School in Hong Kong, and holds a Masters Degree from the Management in Hospitality program at Cornell University.