Abe Mendel - President/CEO

 

Dr. Abe Mendel oversaw the growth of RBE through bridge loan financing with placing nearly a billion dollars in various projects over the years. Subsequently, this led to the development of residential and franchise hotel properties throughout the tri state area as an equity party. Abe Mendel's expertise includes property locations in gentrifying areas. Abe does his due diligence to determine the financial viability of a project along with building design with a goal of maximizing building size. His expertise lies with pinpointing potential growth opportunities and maximizing the profit potential.

 

Abe Mendel focuses on managing the financial operation during the construction phase of a development project which includes maintaining the budget and insuring that the banking requirements are met. In addition, RBE provides the necessary bank financing and equity for the development projects. Once the properties were operational, RBE procured long term financing.

 

Prior to RBE, Dr. Abe Mendel was President of MB Management company/ MB Group Inc. which bought and managed over 1,000 residential units in the tri state area along with nearly a million square feet of commercial property in the Mid West. During the peak real estate period, the bulk of these properties were sold or converted to condominiums.

 

Abe began his career in the advertising field holding positions such as Marketing manager for Pepsi Cola, VP Grey Advertising and Senior VP at Avrett Free & Ginsburg.

 

Currently, Abe served as a Director of Cross River Bank and sat on its lending committee. Cross River Bank is located in Teaneck, NJ. This bank opened six years ago and is currently a $750 million bank.

 

Dr. Mendel holds a BA, MBA and PHD and has the experience of a Professor at various Universities and Colleges in New York City. Abe Mendel holds the position of Chairman of the of the Board of Prospect Park Schools which has an enrollment of nearly 1,200 students and has held this position for over 25 years.  Abe Mendel also sits on the Board of various charitable organizations and is actively involved in major charitable causes both in New York and overseas.

 

 

Steven Mendel-Executive Vice President/COO

 

Steven Mendel is the Executive Vice President and Chief Operating Officer at Riverbrook Equities and oversees the development process to enhance the growth of the Riverbrook Equities hotel portfolio. Steven is responsible for site selection, construction, ultimate operation of the properties and determines which franchise is selected and is optimum for each area.

 

Steven Mendel conducts the studies to determine the financial viability of each development project and works with the design team, architect, builder and expeditor to insure the project maximizes its profit potential. Steven's expertise is to work directly with the various specialties to obtain the building plans approved as rapidly as possible. Once plans are submitted he works with the GC to determine trade sources, costs and begins seeking equity and bank financing for the construction phase. Steven determines the project's progress and maintains cost controls to insure the profitability of each project.

 

Mr. Mendel is the primary force in the development and management of all of  hotel projects and is President of Riverbrook Hospitality Management LLC, the operating hotel management arm.

 

Steven started his career as a financial planner and analyst at Merrill Lynch and Safra National Bank. Mr. Mendel earned his MBA at the Zicklen School of Business and is a Certified Financial Manager with the following financial licenses:  Series 7 – Broker License, Series 66 –State License, as well as Life + Health Insurance License.

 

Steven serves as a Director of Cross River Bank located in Teaneck, NJ. The bank opened six years ago and currently has $700 million of assets.

 

Steve’s other activities include volunteer work with cancer stricken children at Chai Lifeline Foundation and sits on the Board of other charitable organizations.

Donna M Daly - Director of Hotel Operations

Donna M Daly is the hotel and hospitality arena for nearly 25 years. Donna started her career at the Milford Plaza in New york moving up the latter to managing the  reservation and scheduling departments.

 

From there Donna move on to the Marriot Courtyard at the LaGuardia Airport. In this position Donna was in charge of the employee staff and management of the front desk.

This position included forecasting, budgeting and staff management to maintain continued profitability.

Donna last job before joining the RBE team our team was at the Ramada Plaza Hotel at JFK airport a 500 room hotel and for a 12 year stint.

In this position Donna managed the staff ensuring high tem performance, overseeing scheduling, payroll as well as hiring staff.

In addition Donna maintained budgets/ forecasting to maintain and increase profitability year after year.

With Donna at the facility the hotel maintained high guest scores at the Medallia level on a continuous basis.

 

Donna joined the RBE team in 2009 and serves as the Hotel Manger at the RBE Comfort Inn near JFK while maintaining the position of Director of Operations and overseas the operation of RBE’s other six hotels.

Donna is responsible for hiring staff at all facilities, insures each hotel has the appropriate budgets along with projections for profitability.

She has meeting on a regular basis with each hotel manager to insure the highest guest satisfaction ratings.

Lastly she is involved on a management level prior to and after each hotel is opened to insure a smooth opening .

 

Spitz & Greenstein CPA 494 8th Ave NY NY 10001

 

This firm provided RBE with corporate strategic planning and analysis. The firm has over 30 years of experience in all facets of real estate development and operations.

 

Spitz & Greenstein CPA is the firms primary strategic financial arm and is responsible for the tax planning, audit and tax filings.

 

We have retained this firm since 1985 for our various ventures.

 

Granet,Rappaport & Hoffman CPA 357 7th Ave NY NY 10001

 

This firm maintains RBE's books and records. This is then forwarded to Spitz & Greenstein for review and strategic analysis. In addition Granet, Rappapaport does prepare various project tax returns as well.

 

Eisner Amper Accountants & Advisors 750 3rd Ave NY NY 10017

 

This firm is a new addition to our team providing consulting services. We utilize the firms hospitality expertise to gain insights into the limited service market.