Steve Bram is a Principal/Co-Founder of George Smith Partners, Inc. He (and his team) have arranged over $3 billion of financing in over 200 transactions during his 35 years at GSP, including all types of construction, bridge and permanent financing on commercial and residential properties along with highly complex structured financing including mezzanine, preferred equity, and equity placements. Mr. Bram is also a recognized specialist in the area of hotel financing. He has been involved in over 30 hospitality related transactions totaling $350 million in the last 10 years. He also has expertise in apartment financing and renovations of older buildings along with solutions to environmental issues.
Mr. Bram earned an MBA from The Wharton School of Finance in 1984. He also earned a BS from the Cornell University School of Hotel Administration in 1979, graduating #1 in the class. He also spent time studying economics at Claremont McKenna College.
Even within the context of a lengthy economic expansion, the hospitality sector is demonstrating its strength and stability . According to CBRE, year-over-year national hotel occupancy reached a new record of 68.1 percent—and the hotel demand rate continues to grow. This is a positive sign for investors. While some in the finance industry feel that, given the length of this recovery, the hotel market has topped off and is about to change, in truth, there are no signs that the market is in decline.3 August 2019