Meet the Team
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Chad Horning
FOUNDER & CEO
Real estate investor/developer with 25+ years leading $1B+ hospitality/resort projects, deploying $300M+ via self-managed funds for acquisitions, repositioning, and ground-up builds. Spearheaded Telluride Ski & Golf Resort acquisition as Newport Federal President; founded Chase Merritt, scaling $500M+ portfolio including The Peaks Resort and extended-stay hotels. Telluride-based, Chad drives regional ventures with capital strategy and operational expertise for legacy hospitality investments.
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Chase Horning
DIRECTOR, REAL ESTATE DEVELOPMENT
Chase brings nearly a decade of experience across real estate development, investment, and project management spanning hospitality, retail, office, medical, multifamily, single-family, affordable housing, and resort assets. He currently serves as Director of Real Estate Development at Chase Merritt, where he leads complex ground-up and redevelopment initiatives across the Mountain West. Before joining Chase Merritt, Chase worked for the largest affordable housing developer in California and has delivered projects in California, Utah, and Colorado—navigating some of the most demanding regulatory environments in the country.
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Derek Hrzek
MANAGING DIRECTOR
Derek has over 20 years of real estate experience, including 10 years with Hines, most recently as Director. He helped open the firm’s Shenzhen office, contributed to launching its APAC logistics platform, and worked on transactions totaling more than $1.5 billion across hospitality, retail, industrial, office, and mixed-use projects. A University of Michigan graduate, Derek lived and worked abroad for 16 years, leading cross-border projects in Mandarin, with a focus on disciplined investment execution and team collaboration.