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​​​​​Current responsibilities 
Based in Chicago, Mr. Michels is responsible for performing market and feasibility studies for new hotel development projects, conducting operational assessments of hotel assets for advisory clients, and completing appraisals for a wide variety of hotel-anchored real estate assets.

Experience
Mr. Michels has extensive experience asset managing hospitality-related investments located throughout the United States. In this capacity, he has advised numerous institutional clients on hotel asset acquisitions as well as large capital expenditure projects involving rooms, restaurant, and meeting space expansions and/or refurbishments. He has also completed numerous hotel operational studies that have resulted in enhanced profitability and improved revenue management. Representative projects have involved analysis of the daily profitability of hotel restaurant outlets resulting in recommended closures during low demand periods as well as the development of regression-based tools to isolate the ancillary revenue contributions of different customer segments and thereby better inform revenue management decisions. Additionally, Mr. Michels has had a great deal of exposure to the asset management and valuation of full-service conference center and resort-oriented hospitality assets.

Prior to joining JLL, Mr. Michels held positions in Asset Management and Performance Optimization at Destination Hotels & Resorts, where he spent 3 years as the primary asset manager for seven hotels and eventually shared the duties of overseeing a portfolio of more than 30 hotels nationally. Previously, he also formerly worked as an Analyst within the US Economic Research Group at Goldman Sachs, gaining experience forecasting the investment and macroeconomic landscape.

Education and affiliations
Mr. Michels holds a Bachelor of Arts degree in Economics from Cornell University. He also studied at the London School of Economics & Political Science.​