CHMWarnick has appointed Drew Wallace to the role of senior vice president, the hotel ownership and advisory firm announced.

The promotion places Wallace in the firm's senior leadership ranks at a company whose business centers on hotel asset management, ownership advisory and project work for institutional and private owners of full-service and luxury lodging assets. CHMWarnick — formed through the combination of CHM Advisors and Warnick + Company — advises on portfolios spanning major U.S. lodging markets, where labor costs, debt maturities and renovation cycles continue to pressure owner returns.

The firm did not disclose further details of the appointment in the announcement. Wallace's expanded remit as SVP comes as hotel owners weigh capital expenditures against softening RevPAR growth in several gateway markets, making owner-side representation increasingly consequential in operator negotiations.

Additional specifics on Wallace's portfolio responsibilities and reporting structure were not immediately available.