John M. Burke joined Newmark in 2018 and serves as a Vice President with the Hospitality, Gaming & Leisure practice in the Chicago, IL office. Burke has substantial expertise in the valuation of hotels and resorts, waterparks, amusement and theme parks, RV parks, family entertainment centers and other leisure-oriented assets. He has completed appraisal and advisory engagements for existing and proposed properties in more than 30 states and Canada. At Newmark, Burke primarily focuses on hospitality assets in Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, and Wisconsin.
Burke joined Newmark after roughly four years at Hotel & Leisure Advisors, a Cleveland-based hospitality and leisure appraisal and consulting firm. At Hotel & Leisure Advisors, Burke completed appraisals, feasibilty studies, brand-on-brand impact studies, and operational reviews for various hospitality properties throughout the United States. Some of the more unique assets studied included indoor waterpark resorts, outdoor waterparks and golf entertainment complexes.
Prior to Hotel & Leisure Advisors, Burke was a Senior Revenue Manager at Hilton Worldwide where he led a team of revenue managers responsible for a portfolio of 150+ select-service and extended-stay hotels. He also participated in the pilot test and assisted with the rollout of the IDeaS G3 Revenue Management System to all of Hilton’s select-service hotels in the United States and Canada.
Burke began his hospitality career at InterContinental Hotels Group as a Global Content Services Coordinator and Revenue Enhancement Specialist.
Licenses and Designations
- Certified general real estate appraiser, states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio and Wisconsin
- Candidate for MAI designation, Appraisal Institute
Publications
- “Data Reveals Risks, Prospects Facing US Hotels in 2018,” Hotel News Now, January 2018
- “The Financial Impact of Hotel Renovations” Hotel News Now, December 2016
- “Golf Entertainment Complexes Offer a New Spin on an Old Game,” Hotel Online, May 2016
Education
Burke earned a Bachelor of Science degree in business administration from the University of South Carolina with a major in accounting and minor in hotel, restaurant and tourism management.