Frontier Development & Hospitality Group LLC is a real estate development and acquisition firm with a diverse portfolio of hospitality and multi-family investments in urban and secondary markets across six states. Frontier’s executive team brings a collective 100 years of real estate investment and hospitality experience. Frontier Development was founded in 1998, originally as a residential real estate development and investment company. In 2009, the firm relocated its offices to Washington D.C. and expanded its focus into the lodging industry. Since then, Frontier has capitalized and developed a $200M+ portfolio of quality lodging assets. These investments carry flags by major international brands such as Marriott, Hilton and IHG. The firm’s management team brings expertise in the areas of acquisitions, dispositions, development, construction management, and asset management. Frontier is a strategic, risk-managed, value-creation firm that manages bottom-line investments, enhances communities where it invests, all the while delivering sound economic returns to its investors and capital partners.
Frontier brings a holistic investment approach to development as it delivers strong, risk-adjusted returns to its investors while transforming communities through placemaking and economic development. Frontier’s investment platform for affordable and market-rate housing focuses on the Washington D.C. metropolitan area markets while targeting major primary and secondary markets nationally for the acquisition of premium-branded, select, and compact full-service hotels. The firm’s strategy starts with a comprehensive understanding of these key markets and its economic drivers. Value creation opportunities are targeted, and once the assets are acquired, this value is unlocked through experienced asset management. Frontier’s partners and targeted sources of capital range from high net worth individuals to private equity and family offices.
Founder and Managing PrincipalEvens Charles is the founder and managing principal of Frontier Development & Hospitality Group LLC. A native of Washington, D.C, Mr. Charles attended Temple University in Philadelphia, Pennsylvania where he was a Big East Conference Division I football athlete. During his five-year athletic tenure at Temple University, he earned a B.A. in Psychology and a Master of Education. Shortly thereafter, Mr. Charles was inspired by his landlord and began investing in real estate, which leads him to start Frontier. At the age of 25, he executed his first small transaction that required an out-of-pocket investment of $1,000 resulting in a $25K profit six months later. This transaction was the catalyst that catapulted Mr. Charles into real estate investing. After a ten-year period of several successful luxury residential and multi-family acquisition and development projects, Mr. Charles, at the age of 36, had led Frontier to its first hotel investment. The firm has since grown to over a nine-figure portfolio of Hilton and Marriott Internationally branded hotel assets across six states. His accomplishments have been recognized as one of the 2019 Black Enterprise largest 100 Black-Owned Businesses in the nation; 2019 Outstanding Entrepreneur Award by the Caribbean American Heritage; The 2016 Deal of Year Award for the DoubleTree by Hilton Largo, MD, presented by NABHOOD; the 2010 Entrepreneur of the Year awarded by NAMD; the 2010 Outstanding Hotelier Award presented by the Asian American Hotel Owners Association; 2009 Hotel Owner of the Year Award; and the 10 People Under 40 to Watch in 2010 awarded by the Philadelphia Tribune Magazine. He has performed speaking engagements throughout the country for several professional organizations and has been featured in various publications including Hotel Business, Lodging Magazine, Black Enterprise & Business Journals across multiple cities. He has an endowed scholarship in his name at Temple University targeting underserved students, supports many philanthropic causes, and serves as a mentor to many. He is also a member of Temple University’s School of Hospitality & Tourism Board of Visitors, member of the Real Estate Executive Council (REEC), as well as industry organizations such as the National Alliance of African American Hotel Owners and the Asian American Hotel Owners Association
Senior Vice President of Acquisitions & DevelopmentMr. Moceri is the Senior Vice President of Acquisitions and Development at Frontier. In his career, Moceri has executed on approximately $3.5 billion in luxury, full-service, limited-service, and resort lodging acquisitions and dispositions for firms including Carey Watermark Investors, Tishman Realty, and Lodging Capital Partners. These 30+ individual transactions spanned across all major U.S. markets including San Francisco, Boston, Chicago, Nashville, New York, Seattle, San Jose, Miami, Honolulu, Austin, Washington, D.C., Phoenix, San Diego, Atlanta, and Portland. Moceri has coupled his investment experience with significant asset management experience from his time at Tishman Realty and Lodging Capital Partners. He is a graduate of Michigan State University’s School of Hospitality Business with a minor in Hospitality Real Estate Investment and Development. Moceri has been awarded the Alumni Achievement Award and is an active member of the real estate program’s board of directors.
Vice President of Asset ManagementLeading Frontier’s asset management and operations-related functions is Verhonda Sercey, the company’s Vice President and Head of Asset Management. Ms. Sercey is a long-term hotel investment professional with over 20 years of experience in the hotel operations, asset management and sales and marketing roles for both branded and independent hotels. Prior to joining Frontier, Ms. Sercey was the Director of Group Sales at The Watergate Hotel in Washington D.C. where she managed the luxury hotel’s group sales and marketing efforts. Prior to this role, Ms. Sercey served in both regional and on-site director positions for HRI Lodging, HVMG, Hilton Hotels, and Crescent Hotels & Resorts. She graduated from the University of South Carolina with a Bachelor of Science Degree in Business Administration with a concentration in Finance and Economics, and earned a Master’s Degree in Global Hospitality Management from Georgia State University. Additionally, Verhonda is currently pursuing a PHD in Business Administration from Northcentral University.
Hilton is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. The company’s portfolio includes seventeen world-class global brands and an award-winning customer loyalty program, Hilton Honors. Hilton currently has 912,960 guestrooms in their 5,685 properties across 113 territories and countries globally. Hilton operates 17 brands within their portfolio that reaches over 85 million Hilton Honors members.
Marriott is a leading lodging company with nearly 7,000 lodging properties across 130 countries and territories. Marriott International operates and franchises over 30 hotel brands; develops and operates vacation ownership resorts under the Marriott Vacation Club, The Ritz-Carlton Destination Club, and Grand Residences by Marriott brands; licenses and manages whole-ownership residential brands, including The Ritz-Carlton Residences, JW Marriott Residences and Marriott Residences; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. With over 92 years of hospitality experience, Marriott provides guests with industry-leading amenities and distinctive stays all over the globe.