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Rich Lillis | Colliers | Boca Raton

Rich Lillis

Executive Vice President

License # BK703721

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Professional Summary

Rich Lillis is a leading expert providing strategic advisory services to clients on hotel and resort investment sales and financing in Florida, Eastern United States and the Caribbean. In the dynamic hotel investment market, Rich and his team provide valuable solutions to hotel owners and investors, developers, land owners, regional lenders and special servicers.  

As a frequent speaker at national hotel investment conferences ALIS, NYU and NABHOOD, Rich offers a unique perspective from his deep experience and diverse lodging background.   

Prior experience includes Miami practice leader at Horwath HTL, asset management at Ocwen Financial Corporation and hotel management positions at New Castle, Doral, Marriott International and Plaza Hotel. Rich earned his Bachelor of Science in Economics from State University in New York and is a Florida licensed real estate broker. Rich and his wife Maureen reside in Boca Raton, Florida.

Colliers is global leader in lodging investment services with 150 dedicated hotel professionals in the USA, Canada, EMEA and APAC providing transaction, financing, consulting and valuation services. 


Rich has extensive transaction and advisory experience with a wide variety of hotels and resorts. A sample of completed transactions is listed below:

  • Holiday Inn Resort Jekyll Island, Georgia
  • Residence Inn Cape Canaveral, Florida
  • Sea Crest Beach Hotel, North Falmouth, Massachusetts
  • Hampton Inn & Homewood Suites, Woburn, Massachusetts dual-brand development
  • Quality Inn & Suites, Cocoa Beach, Florida
  • DoubleTree Hotel, Plymouth Meeting, Pennsylvania
  • Quality Inn Hotel & IHOP Restaurant, West Palm Beach, Florida (2016 and 2022)
  • Hampton Inn & Suites, Destin-Sandestin, Florida
  • Beachview Club Hotel, Jekyll Island, Georgia (2013 and 2017)
  • Wyndham Riverwalk Hotel, Jacksonville, Florida
  • Waterfront Hotel Development Site, Pompano Beach, Florida
  • Cocoa Beach Oceanside Inn, Florida
  • Bridgeside Hotel Development Site, Charleston, South Carolina
  • Camden Resort, Lake Ozarks, Missouri
  • Old Kinderhook Resort, Camdenton, Missouri
  • Hampton Inn & Suites Newtown, Yardley, Pennsylvania
  • Hilton Garden Inn, Tampa, Florida
  • Comfort Inn, Plant City, Florida
  • Holiday Inn Express, Jacksonville, Florida
  • Inn on the Beach, Daytona Beach, Florida
  • Country Inn & Suites, Omaha, Nebraska
  • Guesthouse Hotel, Nashville, Tennessee
  • Boise Hotel & Conference Center, Boise, Idaho
  • Canoa Coral by Hilton, Bayahibe, Dominican Republic
  • Guavaberry Golf and Country Club, Juan Dolio, Dominican Republic
  • Hamaca Coral by Hilton, Boca Chica, Dominican Republic
  • Marien Coral by Hilton, Puerto Plata, Dominican Republic
  • Resort Development Site, Rodney Bay, St. Lucia West Indies


  • BS in Economics with honors, State University of New York
  • Licensed Florida real estate broker

Memberships & Involvements

ULI - Florida Hospitality & Leisure Product Council


  • New Castle Hotels & Resorts
  • The Cherry Cove Group
  • LG International USA
  • LNR Partners
  • Hudson Advisors - Lone Star Funds
  • Delaware North Corporation
  • Eightfold Capital
  • Ocean Partners
  • Rio Partners
  • Valley View Bank
  • Pacifica Companies
  • Marx Realty
  • Benenson Capital Partners
  • Torchlight Investors
  • Madison Properties LLC
  • CW Capital



Bank REO, Investment Properties, Resorts, Land Sales

Service Lines

Capital Markets

Property Type



Hospitality, Golf Course Advisory Group

My Team

Featured News

Aug 8, 2022

Colliers facilitates the sale of Quality Inn Palm Beach International Airport and IHOP restaurant in West Palm Beach for $12.5M

Colliers facilitated the sale of the Quality Inn Palm Beach International Airport & IHOP restaurant located at 1503-1505 Belvedere Road in West Palm Beach, FL. Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer of the Colliers South Florida Investment Services Team represented the buyer, Index Investment Group and Colliers Executive Managing Director & Director of Colliers Hotels USA, Richard Lillis represented the seller, Cherry Cove Hospitality, in this off-market transaction.
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Apr 15, 2022

Hotel expert says hospitality sector is rebounding nicely from pandemic

Hospitality insider Rich Lillis says the hotel industry —especially in Tampa and other parts of the region — is mostly back to pre-pandemic levels.
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