The Buccini/Pollin Group   Washington District of Columbia

About This Sponsor

The Buccini/Pollin Group is a privately-held, full-service real estate acquisition, development and management company with offices in Washington, DC, Wilmington, DE, Philadelphia, PA, and New York City.
Since 1993, Buccini/Pollin has developed and acquired hotel, office, residential, sports & entertainment, and retail properties throughout the Mid-Atlantic and Northeast having a value in excess of $4 billion. The Buccini/Pollin group currently has under management or development 26 hotels, 6 million square feet of office and retail space, over 1,200 residential units in 10 major communities, and multiple entertainment venues, including PPL Park, home of the Philadelphia Union Major League Soccer team. Buccini/Pollin’s 2,000 associates make a difference in our communities by supporting over 50 vital charities.

  • Geographic Regions: Northeast, Mid-Atlantic, Southeast, Southwest
  • Risk Profiles: Stabilized (5-8%), Value Add (8-12%), Opportunistic (12-20%), Development (25%+)
  • Property Types Hotel
  • Total Capitalization $1B
  • Gross Leasable Area 6,000,000 sqft

Company Overview

The Buccini/Pollin Group, Inc. (Buccini/Pollin) is a privately-held, full-service real estate acquisition, development and management company with offices in Washington, DC, Wilmington, DE, Philadelphia, PA, and Baltimore, MD. Formed in 1993, Buccini/Pollin develops and acquires hotel, office, residential, retail, and parking properties in the Mid-Atlantic and Northeast regions of the United States.

On behalf of its principals, investors and financial partners, Buccini/Pollin has acquired or developed real estate assets having a value in excess of $4.0 billion, including 26 hotels, 6 million square feet of office and retail space, 10 major residential communities, and multiple entertainment venues, including PPL Park, home of the Philadelphia Union Major League Soccer team.

Through a group of affiliated companies, including PM Hospitality Strategies, Inc. (hotel operating company), BPG Real Estate Services LLC (office property management and leasing), BPG Residential Services LLC (residential property management and leasing), and BPGS Construction LLC (construction management), the principals of BPG oversee all aspects of project acquisition, finance, development, construction, leasing, operations, and disposition for its portfolio properties.

The depth of Buccini/Pollin's in-house professionals’ expertise for construction, management, and leasing is integral to the firm's success and its superior investment returns.

 

Acquisition Criteria

The Buccini/Pollin Group seeks opportunities to achieve superior risk-adjusted returns through the following types of real estate investments:

NEW DEVELOPMENT

Buccini/Pollin has deep and specific industry insight into the Mid-Atlantic real estate market.  Because of our unique relationships, skillsets, and ability to anticipate market evolutions, Buccini/Pollin undertakes new development projects from Virginia to New Jersey.  These development opportunities are triggered by a combination of: a unique hotel, office or residential market opportunity; a distinct Buccini/Pollin competitive advantage, such as the relationship with a key tenant; and the specific attributes of the target site.  Buccini/Pollin's in house professionals then perform exhaustive due diligence on the market, site and other factors.  An example of our advantage in this area is that Buccini/Pollin averages over $400 million/year in new construction projects, giving us a competitive advantage in quickly and accurately identifying the true development costs of a project. Other firms may be forced to use stale data or ‘guesstimates' to prepare a development budget.  Buccini/Pollin employs a consistent, honed, and aggressive leasing, sales and capital markets strategy during conception, development, construction and stabilization that maximizes asset returns.

REDEVELOPMENT PROJECTS

The shortage of urban-center (and in certain markets, suburban) land allows for profitable acquisition opportunities of class A, B, and C properties at low basis that can be redeveloped, repositioned, or renovated to create premium products. The repositioning of these properties presents the opportunity to lease-up, and/or mark-to-market leases in the improved property and improving markets.

Buccini/Pollin also has extensive expertise in the redevelopment of environmentally-challenged brownfield sites that are well-located to demand generators and transportation infrastructure.

ACQUISITIONS

On behalf of its principals, investors and financial partners, Buccini/Pollin has acquired or developed over $4.0 billion in assets including 6 million SF of office, flex office, and retail space, 26 internationally branded hotels, and 10 major residential communities.

Portfolio

Portfolio

Number of Properties 23
Hotel Rooms 4,500
Total Capitalization $1B
Revenue $200M
Franchise Affiliations Hilton, Marriott, Starwood, Choice
Affiliated Hotel Management Company Pollin/Miller Hospitality Strategies (“PMHS”)

Case Studies

The Buccini/Pollin Group has not added any case studies.

Executive Team

David B. Pollin
Co-Founder and President

Dave Pollin is a Co-Founder and President of The Buccini/Pollin Group (‘BPG"). He also serves as Chairman of Pollin/Miller Hospitality Strategies (PMHS), the hotel management affiliate of BPG, headquartered in Washington, DC. Mr. Pollin leads BPG's hotel acquisition, development and financing efforts. BPG's offices in Wilmington, Delaware, Baltimore, and Philadelphia focus on office, retail, multi-family and sports/entertainment development and management.

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The Buccini/Pollin Group has acquired and developed over $3 billion of properties in every real estate asset class in the Mid-Atlantic region of the United States since its founding in 1993. BPG is the developer, owner and operator of 19 hotels, over six million square feet of office space, nine residential communities, numerous retail properties, and multiple sports/entertainment venues.

BPGS Construction, LLC - BPG's construction affiliate - is based in Wilmington, Delaware and has 30+ associates focused on general contracting, tenant improvements and owner representation services. Hotel management company PMHS currently manages 22 hotels for BPG and third party clients across the United States, with total annual revenue in excess of $100 million. BPG Real Estate Services develops and manages office and residential projects for BPG. The principals of BPG are also co-founders and part owners of Major League Soccer's Philadelphia Union, having developed and constructed PPL Park, the team's home stadium in Chester, Pennsylvania.

Since co-founding BPG, Dave Pollin has led the firm's development or acquisition and renovation of 30 hotels valued at over $1.3 billion. Mr. Pollin's extensive relationships with Hilton, Starwood, Marriott and Choice Hotels have led to BPG winning numerous industry honors, including being named Hilton's Multi-Brand developer of the year. Strong industry ties and a track record of exceptional hotel design and performance provide unique access to development and acquisition opportunities. BPG is the developer, owner and operator of hotels carrying the following flags: Hilton, Sheraton, The Madison (5-star hotel in Washington, DC), Embassy Suites, Hilton Garden Inn, Aloft by W Hotels, Homewood Suites by Hilton and others.

Mr. Pollin is currently serving on or has recently served on the following bodies: the Federal City Council of Washington, DC; Starwood Hotels & Resorts North American Owner's Advisory Council; Owner Advisory Council of Hilton's Embassy Suites brand; Cornell University Council; founding board member of Monument Bank of Maryland; Nominating Co-Chair of the Economic Club of Washington, DC; Co-Founder and President of the Board of Starlight Children's Foundation MidAtlantic; and Regional Chair of the Northeast US Region of the Young Presidents Organization. Prior to co-founding The Buccini/Pollin Group and Pollin/Miller Hospitality Strategies, David Pollin was a consultant with Laventhol & Horwath, worked in operations with Westin and Sheraton, and graduated from Cornell University's School of Hotel Administration.


Robert E. Buccini
Co-Founder and President

Mr. Buccini Co-Founded The Buccini/Pollin Group in 1993. As Co-President he is responsible for and leads the company’s office, residential, retail, and parking development activity. Since founding the company, Mr. Buccini has managed $3 billion in real estate transactions.

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Mr. Buccini oversees the financings, operations, leasing, marketing, dispositions and investor/lender relations for over six million square feet of office space, multi-family units in three residential communities, parking spaces in three parking facilities, and commercial retail space. Mr. Buccini has helped grow The Buccini/Pollin Group to become the largest private office landlord in the Philadelphia metropolitan region.

Previously, Mr. Buccini was an Assistant Vice President for real estate development at the New York City Economic Development Corporation (EDC). While at the EDC, his projects included the Times Square-Disney redevelopment project, Brooklyn’s Metro Tech, the city’s first information technology building, and the New York City Discovery Fund (a $50 million venture fund investing in New York City based technology companies). Prior to that engagement, Mr. Buccini was a Broker and Senior Analyst for Kenneth D. Laub & Company, a commercial real estate brokerage firm based in New York City.

Mr. Buccini received his Bachelor of Arts degree from Cornell University.

Mr. Buccini is Chairman of the Wilmington Housing Partnership, Director of The Rodel Foundation of Delaware, Treasurer of Opera Delaware and Chairman of Delaware State University’s Annual Campaign.


Christopher F. Buccini
Co-President

Chris Buccini is Co-President of The Buccini/Pollin Group, Inc. ("BPG"). He also serves as President of BPG Real Estate Services LLC, the commercial management affiliate of BPG, headquartered in Wilmington, DE. Mr. Buccini is responsible for the performance of its commercial portfolio, more specifically, its acquisition, financing, leasing, operation, and ultimate disposition, efforts.

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BPG has acquired and developed over $3 billion of properties in every real estate asset class in the Mid-Atlantic region of the United States since its founding in 1993. BPG is the developer, owner and operator of over six million square feet of office space, nine residential communities, 19 hotels, numerous retail properties, and multiple sports/entertainment venues.

Since joining BPG in 1999, Mr. Buccini led the firm's commercial efforts to become the largest private office landlord in the Philadelphia metropolitan area, as well as landlord to many of the region's largest corporations.

Prior to The Buccini/Pollin Group, Mr. Buccini was the Director of Acquisitions and Senior Vice President of Barrow Street Capital, LLC, a New York City-based real estate private equity fund which is an affiliate of Greenhill and Company. Prior to joining Barrow Street, Mr. Buccini was a Vice President at Eastdil Realty, where he was involved in the disposition, financing and development of investment quality office, retail, industrial, lodging and multi-family projects. Mr. Buccini received his Bachelor of Arts degree from Princeton University.

Mr. Buccini is a member of the Board of Trustees of Wilmington Friends School; the founder and current member of the Board of The Light Up The Queen Foundation; on the Board of Directors of the United Way of Delaware, Brandywine Conservancy and Wilmington Renaissance Corporation; and a member of the Delaware Business Roundtable and City of Chester Institute for Economic Development.


Darren Anzelone
Principal & Co-Chief Investment Officer

Mr. Anzelone is the Co-Chief Investment Officer, and a Principal, of The Buccini/Pollin Group (BPG). BPG is a privately-owned developer, owner and operator of hotel, office, residential, retail & sports and entertainment properties throughout the United States.

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Darren joined BPG in June of 2004 and is responsible for overseeing the development, acquisition and financing of new hotel investments throughout the United States, as well as being actively involved in the asset management of existing investments. He has been responsible for oversight of transactions totaling in excess of $2 billion since joining BPG; including the acquisition, development, and redevelopment of sixteen hotels.

Prior to BPG, Darren was with Fremont Realty Capital, LP, a New York City-based real estate private equity fund, which is an affiliate of Fremont group - the private investment arm of the Bechtel family. While at Fremont he was involved in the acquisition, financing, development, disposition and asset management of multi-family, hospitality, retail, residential, assisted living and student housing investments.

Prior to joining Fremont, Darren was a Supply Corps Lieutenant in the US Navy, and is an original crew member (Plank Owner) of the USS JOHN C. STENNIS (CVN-74).

Darren serves on the Board of the Tewaaraton Foundation (Heisman Trophy of Collegiate Lacrosse), as well as the Board of Bethesda Lacrosse Association, a not-for-profit youth lacrosse organization serving 2,000 boys and girls.

Darren holds a BS degree in Economics from the US Naval Academy, where he was a member of the Navy Lacrosse Team, and an MBA from The Wharton School of the University of Pennsylvania. He currently resides in Potomac, MD with his wife Lisa and four children.


Joseph Bojanowski
President, PMHS

Mr. Bojanowski, President of PM Hospitality Strategies, has more than 20 years of management experience in the hospitality industry including extensive experience in Food & Beverage, Rooms Division Operations, Sales and Marketing, Development, Openings and Renovations. Since joining PMHS in 1997, Mr. Bojanowski has played a critical role in the growth of the company. In addition to Mr. Bojanowski’s current role, he has served PMHS in the roles of President – Asia Pacific, Vice President – Operations, and Vice President – New Builds and Transitions. Mr. Bojanowski has intimate knowledge of all markets in which PMHS hotels compete.

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Prior to joining PMHS, Mr. Bojanowski worked with two of the industry's leading hotel companies - Doubletree Hotels & Winegardner Hammons. In ten years with these companies, Joseph served on executive committees of resorts, conference centers, and full-service airport and university hotels. Noteworthy, his work experiences embody a broad geographic area of the U.S. with assignments in the northeast, mid-west, western and southeast markets along with the mid-Atlantic region.

Joseph is responsible for the operation and profitability of PM Hospitality Strategies’ award winning portfolio of hotels working with Hilton, Marriott, Starwood and Choice Hotels franchise affiliates. As a past Director of the Delaware Hotel and Lodging Association, Mr. Bojanowski remains actively involved in numerous industry related associations and organizations.


H. Wesley Schwandt
President, BPGS Construction

Mr. Schwandt is President of BPGS Construction, a full-service Construction & Development Management company with offices in Wilmington, Delaware and Washington, D.C. The primary function of BPGS is to oversee all construction and development related activities for Buccini/Pollin, Buccini/Pollin Real Estate Services, and select third party clients. Mr. Schwandt brings his individual focus to each project undertaken, bringing a leadership role throughout the process with ownership, designers, and the end user.

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Prior to joining Buccini/Pollin and founding BPGS Construction in 1998, Mr. Schwandt spent eight years with an industry leading full service CM/GC firm operating throughout the mid-Atlantic region. Mr. Schwandt held positions as a Senior Estimator and Project Manager before becoming a Vice President and corporate officer. Mr. Schwandt received his Bachelor of Science degree from Lehigh University’s School of Business and Economics, with concentrations in law and architecture.

Mr. Schwandt’s community experience includes:

Board of Directors for Preservation Delaware, Inc. (2003 – 2008); the statewide nonprofit organization dedicated to the preservation of Delaware’s irreplaceable architectural heritage and historical settings.

2006 Co-chair for the United Way Campaign for the State of Delaware. Board of Directors for the Delaware Preservation Fund (2003 – present); a statewide nonprofit organization dedicated to provide low interest loans for historically oriented renovations.

Board of Directors for the Delaware Contractors Association (2007 – present); the states leading construction services organization with direct affiliation to the AGC or Associated General Contractors of America.

Board of Directors for the Delaware Nature Society (2008 – present); a pre-eminent non-profit environmental organization in the state, integrating education as a vital element in preservation, conservation, and advocacy.

Press

Buccini/Pollin buys Omni in Old City, two Montco hotels

November 25, 2015 philly.com

Buccini/Pollin, long a dominant real estate presence in Wilmington, has taken its first stride into Philadelphia with a package of acquisitions that includes the Omni Hotel Independence Park in Old City.... read more


The Buccini/Pollin Group Acquires 353-Room Sheraton Raleigh Hotel in Raleigh, North Carolina; PM Hospitality Strategies Selected as Management Company

October 4, 2015 bpgroup.net

Officials of The Buccini/Pollin Group, a privately-held, full-service real estate acquisition and development company (BPG), today announced that it has completed the acquisition of the 353-room Sheraton Raleigh Hotel in North Carolina.... read more


Delaware Business Hall of Fame names 2015 inductees

August 3, 2015 delawareonline

One of Wilmington's biggest real estate developers and the head of Delaware's largest electric company will be the newest inductees in the Delaware Business Leaders Hall of Fame.... read more


Hot Delaware Market Gets the Meridian Touch

July 21, 2015 cpexecutive.com

Meridian Capital Group negotiated a deal for The Buccini/Pollin Group to refinance its mortgage on The Residences at Justison Landing, a 214-unit multi-family and retail property in Wilmington, Del.... read more


The Buccini/Pollin Group Acquires 353-Room Sheraton Raleigh Hotel in Raleigh, North Carolina

July 14, 2015 Business Wire

Officials of The Buccini/Pollin Group, a privately-held, full-service real estate acquisition and development company (BPG), today announced that it has completed the acquisition of the 353-room Sheraton Raleigh Hotel in North Carolina.... read more


Buccini/Pollin buys two New Castle County office parks

May 5, 2015 delawareonline

Buccini/Pollin completed the purchase of two New Castle County office parks last month, even while reportedly working to add the Hotel du Pont to its list of acquisitions.... read more


Hotel du Pont parking lots sold to Buccini/Pollin

April 2, 2015 delawareonline

DuPont has sold its three hotel parking lots to the Buccini/Pollin Group, both companies have confirmed.... read more


The Buccini/Pollin Group Acquires DoubleTree by Hilton DFW Airport North in Irving, Texas

January 5, 2015 Business Wire

Officials of The Buccini/Pollin Group, a privately-held, full-service real estate acquisition, development and management company (BPG), today announced that it has completed the acquisition of the 282-room DoubleTree by Hilton DFW Airport North.... read more


PM Hospitality Strategies, Inc. Selected to Operate Two Newly Announced Canopy by Hilton Hotels

December 13, 2014 HospitalityNet

Officials of PM Hospitality Strategies, Inc. (PMHS), a leading, national hotel management company, announced today that it has been selected to operate two of the first Canopy by Hilton hotels... read more


Hilton Knoxville sells for $25 million, big plans in works

July 1, 2014 wbir.com

Hilton Knoxville has a new owner, and one with plans to invest more than $2 million into upgrades that include doubling the size of its Starbucks and creating a spruced up beer garden that features live music and food.... read more

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