History & Milestones
One of Founder Jens von Gierke’s first major accomplishments with Wave Hospitality Advisors included the successful acquisition of the St. Regis Aspen in Colorado with OptAsia in December 2010 (Press Release). Wave Hospitality’s team remained the asset manager for the next several years following the acquisition.
In addition, Wave Hospitality has provided advisory support from start to finish on a number of development projects, including the Element by Westin Harrison-Newark and Residence Inn by Marriott Jersey City hotels in New Jersey. Wave’s team completed the initial feasibility study, conducted brand selection and negotiations, monitored construction progress and budgets, and led the pre-opening services for both of these properties – and continues to asset manage them to this day. The Element Harrison-Newark opened in August 2014 (Press Release) while the Residence Inn Jersey City opened in March 2017 (Press Release).
The Wave Hospitality team has also been consulting for an owner/developer out of Arcadia who purchased a large plot of land in Temecula, California with the intent to build a mixed-use project featuring a resort, winery, conference center, and retail marketplace. Wave's team has been spearheading the hotel/resort portion of this project, successfully negotiating an agreement with a top hotel brand and greatly assisting with the design intent for the project. This project is currently active with a full design team on board, and an intent to open in 2021 (Press Release).
However, Jens’ aforementioned achievements in creating a third-party management company, Ironwave Hospitality, as well as the acquisition of Timber Cove Resort, are his most proud moments during his time as an entrepreneur.