Mike Beck
Senior Consultant
Mike brings to ARES decades of experience using informed strategic planning and instinct in an environment of fast-paced real estate transactions.
ARES Team
- STRATEGIC ANALYSIS & ADVISORY TEAM
- RESTAURANT & RETAIL TEAM
Education
- M.B.A., WAKE FOREST UNIVERSITY
- B.S., UNIVERSITY OF NORTH CAROLINA, CHAPEL HILL
Background
A founding member of the Extended StayAmerica executive team, Mike directed the capital investment of more than $2 billion in the development of 475 hotel projects in nine years. That part of the ESA story remains the fastest growing lodging startup in history; created billions in shareholder value; and was consummated with the sale of the company to Blackstone Partners.
As VP of Development at Blockbuster Entertainment, Mike led real estate, construction, research, store design, lease administration, real estate legal, and distribution. Each year Mike’s team opened more than 500 new stores, along with hundreds of lease renewals, store relocations, and store remodels. After seven years at that pace, the company achieved a market cap of greater than $8 billion and was merged with Viacom.
Mike brings to ARES decades of experience using informed strategic planning and instinct in an environment of fast-paced real estate transactions.
Tenant / Development Experience
Ruby Tuesday
• SVP, Chief Development Officer
• North America, all RT restaurant brands
Forever 21
• National Consultant – 80+ new stores
• F21 Red and traditional Forever 21 brands
Blockbuster Entertainment
• VP, Development
• North America, all BE brands
• 2,200+ new stores
• 400 to 500 annual renewals/restructures
Extended Stay America Hotels
• VP, Real Estate
• From zero to 475 hotels
• All self-developed, company-owned hotels
• $3.1B company sold to Blackstone Partners
Coffee Bean and Tea Leaf
• SVP, Real Estate & Construction
• Second largest coffee chain
• All US store development, renewals/restructures
Pinkberry
• VP, Development
• All new store development, domestic & international
Townsend & Associates
• Partner
• National Rollout Consultant, Forever 21 and other brands