HREC Investment Advisors adds VP in Minneapolis

Lee Kerfoot

HREC Investment Advisors, a hotel real estate advisory firm, has expanded its brokerage platform with the hiring of Lee Kerfoot. Kerfoot, a vice president, will lead a newly opened brokerage office in Minneapolis.

Kerfoot has distinguished himself during the last 10 years as one of the most active and knowledgeable hospitality investment advisors in the upper Midwest and has advised on more than 50 hotel transactions.

He has also advised on several rescue capital engagements during the Covid-19 pandemic.

Prior to Kerfoot’s affiliation with HREC Investment Advisors, he was the leading broker at a boutique Minnesota brokerage firm. Previously he worked for hotelAVE in their Providence, Rhode Island, office as an associate focused on hotel asset management.

Kerfoot is a regular speaker at the Minnesota Real Estate Journal’s Hospitality Summit and has spoken at many hospitality conferences.