Judith L. Munro, B.Comm, C.A

Judith Munro has over 25 years of senior management experience in the real estate industry including the development, acquisition, disposition, financing, and asset management all property types both commercial and residential. Over the course of her career she has been responsible for real estate and corporate acquisitions, dispositions, restructurings and financings in excess of $5 billion.

Since 1994, Ms. Munro has specialized in the hospitality segment, forming  her own asset management and investment advisory practice, Munro Partners, in 2002. Prior to that she was Executive Vice President of Realstar Group, former owner of Delta Hotels, at the time Canada's largest private hotel management company with properties in Canada, the U.S, Cuba and Asia. 

Ms. Munro was responsible for the asset management of, and eventually the sale of Realstar’s North American hotel portfolio, as well as its investment in Delta.
Ms. Munro has been active in the planning, structuring, financing, and project management of several new hotel developments including condominium resorts and mixed use hotel projects in Canada and the U.S., and has acted as Advisor to Marriott International in the structuring of hotel condominiums in the U.S. Recent projects include Red Leaves, a 1000 acre planned resort development in Muskoka, where she played a key role on behalf of the Developer in the negotiation of the Marriott franchise and management agreements, and hotel condominium design, structuring, budgeting and legal documentation, leading to the market launch of Canada’s first JW Marriott condominium hotel.  She  is presently overseeing the Marriott conversion and  $15 million renovation of the Halifax Marriott Harbourfront Hotel having assisted the owner, Westerkirk Capital, with the due diligence,  negotiation of management and franchise contracts, financing, and  $52 million Hotel acquisition.

Earlier in her career,  Ms. Munro held senior financial positions in two TSX listed public companies, including Vice President and Treasurer of Nu-West Developments, a Calgary based real estate development company with commercial and residential projects throughout North America. Ms. Munro joined Nu-West Developments following its precedent setting $2 billion debt restructuring under the Companies' Creditors Arrangement Act in which she acted as financial advisor to the Canadian banks in her previous role as Senior Manager in the Insolvency and Business Restructuring Practice of Ernst & Young, where she began her professional career.    

Ms Munro served as a Trustee on the Board of Summit REIT until its $3.3 Billion sale to ING Real Estate Australia in Oct, 2006 and is a  Director and Past President (2006)of the Toronto Chapter of the Financial Executives International, an organization of senior financial officers representing North America’s leading corporations with 18,000 members in North America and 700 members in Toronto.


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