As Managing Director of Hospitality, Loren Berkley leads PEG’s hotel portfolio strategy, overseeing portfolio management, asset performance, and the execution of new hospitality acquisitions. With nearly two decades of experience spanning operations, brokerage, acquisitions, and asset management, he brings a comprehensive, full-cycle perspective to PEG’s hospitality investments. Loren’s deep industry expertise and extensive network enable PEG to maximize value across its hospitality assets while strategically expanding its footprint in the select service hotel sector.

Loren began his career with Four Seasons Hotels and Resorts before transitioning into hotel brokerage with HREC Investment Advisors, where he specialized in nationwide valuation and transaction advisory. He later moved to the buy side with Lodging Capital Partners, where he spent a decade in acquisitions and asset management, playing a key role in building a $750 million portfolio of upper-upscale and luxury hotels across the United States.

Loren holds a Bachelor of Science in Hotel Administration & Hospitality from Cornell University.

As Managing Director of Portfolio Management at PEG, Kyle heads the firm’s residential investment strategies, leads product offerings for institutional and private wealth clients, and oversees investment sourcing and execution. Kyle plays a key role in advancing PEG’s residential investment platform, leveraging an institutional approach with an entrepreneurial mindset to identify and execute high-quality opportunities.

Before joining PEG, Kyle was Managing Director at Greystar, where he started and led the firm’s loan origination platform. He also served as Senior Vice President at Vanbarton Group, overseeing Western U.S. acquisitions and loan originations, and as Vice President at CIM Group, sourcing and executing investments across credit, core, value-add, and opportunistic strategies. Kyle brings extensive experience in principal investing, structured finance, portfolio management, and capital formation. He has successfully executed acquisitions of real estate assets across the risk spectrum, originated bridge and construction loans, and structured both equity and debt financing solutions.

Kyle holds a Bachelor of Arts in History and American Studies from Tulane University and an MBA from the Haas School of Business at UC Berkeley.

Joel Lim is the Senior Vice President, Investments at PEG, where he leads the hospitality asset management function for the firm’s hotel portfolio, currently overseeing 24 assets. He brings over a decade of experience in hospitality investments and asset management, with a proven track record of driving value across institutional portfolios and complex capital structures.

At PEG, Joel has strengthened the platform by implementing structured processes and best practices that drive operational performance, inform investment decision-making, and support refinancing initiatives that optimize capital structures and maximize long-term asset value.

Prior to joining PEG, Joel spent eight years at Host Hotels & Resorts, where he began as a rotational analyst, gaining hands-on experience in revenue management, design and construction, and asset management. He then transitioned to the Investments team, where he underwrote $4.8 billion in acquisition opportunities and supported $900 million in dispositions. Over his final five years at Host, Joel served as a Manager of Asset Management, where he built a strong foundation in institutional asset oversight. During this time, he managed 16 hotels cumulatively valued at $1.2 billion, leading lease and management agreement renegotiations, executing ROI-driven capital expenditure projects, and identifying repositioning strategies through detailed highest and best use analyses.

Joel’s broader background includes revenue analysis for the Les Amis Restaurant Group and corporate restructuring advisory with Ernst & Young, providing him with a diverse and ownership-oriented perspective on hospitality real estate. He holds a Master of Management in Hospitality from Cornell University, a Master of Studies in Law from the University of Pittsburgh, and a Bachelor of Business Administration from the University of Notre Dame.

Kody Frank is Vice President of Investments at PEG, where he leads the strategic sourcing and execution of hospitality investments. With an analytical and risk-minded approach, Kody oversees the full investment lifecycle—from initial business planning to asset disposition—ensuring alignment with PEG’s disciplined investment strategy.

Since joining PEG in 2019, Kody has progressed through roles in Financial Planning & Analysis and hospitality investment execution. Today, he oversees deal sourcing, underwriting, due diligence, capital planning, and renovation strategy across PEG’s hospitality platform. Kody collaborates across PEG’s operations, construction, and development teams to ensure alignment, accuracy, and execution on every investment. His cross-functional leadership supports value creation through data-driven decision-making and precise risk management.

Before joining PEG, Kody worked in Prime Brokerage Operations and Equity Derivatives Investments at Goldman Sachs. Raised in a family hospitality business and having worked in a variety of roles at hotels through college, Kody brings an operator’s perspective to every investment. He has overseen or personally underwritten more than $3 billion in hospitality deals and holds a certification in Hotel Industry Analytics from Smith Travel Research (STR).

Kody earned his Bachelor of Science from the David Eccles School of Business at the University of Utah.

Donny Flora is Vice President of Investments at PEG, responsible for overseeing the execution of the firm’s Extended Stay Conversion (ESC) strategy. Since joining PEG in 2021, he has managed a portfolio of 1,943 extended-stay hospitality units through all stages of conversion to operational multifamily. In this role, Donny leads cross-functional teams in property management, construction, and development to execute investment business plans from acquisition through disposition, ensuring vertical integration and performance aligned with investor objectives.

Under his leadership, the ESC portfolio has undergone strategic repositioning initiatives aimed at enhancing occupancy, stabilizing cash flows, and delivering targeted risk-adjusted returns. His responsibilities span capital planning, construction oversight, operational optimization, and disposition strategy, with a focus on disciplined execution and measurable value creation.

Prior to PEG, Donny built a career in multifamily value-add investments, working with family offices and syndication groups on acquisitions, asset repositioning, and portfolio performance improvement across the United States. His background includes underwriting complex transactions, structuring capital stacks, and executing business plans for assets in markets with diverse economic and demographic drivers.

Donny earned a Bachelor of Science in Finance and Economics from Utah Valley University in 2019