John A. Kelley III, CHIA, joined Newmark Valuation & Advisory in 2018 and currently serves as vice president in the Cleveland, Ohio, office. A nine-year hospitality and leisure real estate veteran, Mr. Kelley has substantial expertise in the valuation and advisory of amusements, convention and conference centers, hotels and resorts, waterparks and other leisure-related assets. He has completed appraisals and studies on assets ranging from less than $1 million to more than $500 million throughout the United States and the Middle East.
Mr. Kelley joined Newmark after serving as a senior associate for about three years with Hotel & Leisure Advisors, a Cleveland-based hospitality and leisure appraisal and consulting firm. In this capacity, Mr. Kelley was responsible for completing appraisals, feasibility studies, economic impact studies, impact studies and operational reviews for various hospitality-related assets. Some unique assets included indoor waterpark resorts, aquariums, municipal aquatic centers and mixed-use developments.
Prior to Hotel & Leisure Advisors, Mr. Kelley was a senior quality assurance consultant with LRA Worldwide (now LRA by Deloitte). During his tenure there, he traveled to more than 20 countries completing hotel and resort quality assessments for some of the largest brands. He managed Westin Hotels in Providence, Rhode Island, and Baltimore, Maryland, prior to joining LRA Worldwide.
Mr. Kelley is an active member of the International Association of Amusement Parks and Attractions (IAAPA), Ohio Hotel & Lodging Association, Urban Land Institute (ULI) Cleveland and World Waterpark Association. He also is an adjunct instructor teaching and developing courses related to hospitality management at Bryant & Stratton College.
In recent years, Mr. Kelley has shared his expertise through articles appearing in highly respected hospitality trade publications, including:
- “In Ohio Markets, Occupancy Doesn’t Tell Whole Story,” Hotel News Now, March 2018
- “Convention Center Hotels Boost Both Supply, Demand,” Hotel News Now, June 2017
- “Measuring the Economic Benefits of Tourism,” Hotel News Now, July 2016
- “How Hoteliers Can Handle Minimum-Wage Jump,” Hotel News Now, December 2015
Licenses and Designations
- Certified general appraiser in Indiana, Kentucky, Michigan, and Ohio
- Candidate for MAI designation, the Appraisal Institute
Mr. Kelley earned a Master of Business Administration degree and a Master of Science degree in finance from Northeastern University. He previously earned a Bachelor of Science degree in international hotel and tourism management from Johnson & Wales University. Additionally, Mr. Kelley holds a certificate in hotel real estate investment and asset management from Cornell University.