About

About Alan Kahn Parking Advisors, LLC

Alan Kahn Parking Advisors is a Denver, Colorado based commercial parking, management and value optimization consulting firm offering comprehensive parking industry advisory services. We offer full-service solutions, including operational audits, technology implementation, automation reviews, operator and vendor selection, economic feasibility studies, and sophisticated pricing strategies. Our custom solutions are designed to maximize each client’s asset value and operational efficiency.

From initial performance evaluation to advanced technology platforms, we take a whole-asset approach. We use our years of industry experience to deliver the best possible NOI and asset value. We aim to build long-term relationships with our clients by delivering results that exceed expectations and we are pleased to be very transparent in our review, approach and communication to our clients as we work for them and it’s their asset we are advising on.

Our Promise

At Alan Kahn Parking Advisors we help & support our clients attain their business goals through strategic asset management and various aspects of executing parking operations. We work closely with each client to understand their needs and develop customized solutions that deliver results. Moreover, we believe in building long-term partnerships with our clients, so we always align with their goals and priorities.

We are built on a base of integrity, expertise, and a never-ending pursuit of excellence. We are serious about continuous improvement and staying ahead of the curve to deliver our clients the most effective and innovative solutions. Whether you have one asset or many, we are your partner for operational excellence and asset value.

There are two clear differentiators that are unique to AKPA:

We won’t make a recommendation we wouldn’t carry out on our own
We won’t make a recommendation and walk away

Alan J. Kahn

Founding Principal & Chief Consultant

Alan J. Kahn is the Founding Principal of Alan Kahn Parking Advisors, LLC. (AKPA) which originated in June 2010. Prior to the founding of his firm, Mr. Kahn was Senior Vice President of the world’s largest parking operator Central Parking Corporation. He was an integral member of the firm’s executive leadership team, which grew EBITDA from $1 million in the early 1980s to over $80 million in the mid 2000’s. Mr. Kahn spearheaded and integrated 5 regions of the largest and most significant merger in parking industry history at the time–Central Parking Corporation and Allright Parking. While he is highly familiar with regional variations in the business, he has direct operating experience with the Southeast, Midwest, Great Lakes, Rocky Mountain, Canadian and European markets. He also led and successfully executed Central Parking Corporation’s European expansion by growing the enterprise into a nearly $90 million business in seven European countries through a variety of strategies – from ground up corporation formation and organic growth, to acquisition, and partnerships.

Following his career at Central Parking Corporation, he started his own parking management firm in partnership with One Parking, a South Florida based parking company. After a successful few years of growing the company to $15 million, he sold his assets to Citizens Lanier Holdings where he remained with the company as an executive leading the firm’s business development and operations in the Midwestern US.

Mr. Kahn received a Bachelor of Science degree in Business-Finance from the University of Colorado’s Leeds School of Business, as well as an executive certifications each from The University of Chicago’s Booth School of Business and Vanderbilt University’s Owen Graduate School of Management.

Alan Kahn is married to his wife Cindi of 35 years, who together, have two grown, married daughters in their 30’s. He is a passionate sports fan, an avid golfer and he loves to travel.

Highly Regarded In The Industry

Industry Expert Advisory Councils (Gerson Lehrman Group; GuidePoint Global Advisors; Coleman Research Group) – Mr. Kahn is on Advisory Councils as a Parking Industry expert, which is part of an exclusive network of academic and industry professionals who consult with business decision-makers and leading investors around the world.

Vice Chairman – National Parking Association; British Parking Association; Urban Land Institute (International–London, Chicago); Chicago Development Council; BOMA (Denver, Atlanta, St. Louis, Chicago); Greater North Michigan Avenue Association; Chicago Public Schools-Principal for a Day; Downtown St. Louis, Inc.

Select Consulting Project List

Parking Facility Design, New and Retrofit

Turner Field/Olympic Stadium – Atlanta, GA (7,500 spaces)
North Charleston Coliseum – Charleston, SC (6,000 spaces)
London Heathrow Airport, Terminal 1, & 4 – London, UK (5,000 spaces)
White City Shopping Center – Mixed-Use – London, UK (4,000 spaces)
Battersea Power Station – Mixed-Use – London, UK (3,500 spaces)
Kessel Garage – Municipal – Knoxville, TN (2,000 spaces)
Mint Street Garage – Mixed Use, Stadium – Charlotte, NC (2,000 spaces)
Chemed Center – Office Building – Cincinnati, OH (1,500 spaces)

Business Plan & Transformation Restructuring

Simkar Lighting – Developed a Business plan strategy and launched a new parking vertical for entering the parking industry as a new business target.

Confidential Parking – Extensive business plan development for an international parking company to restructure its market approach in the USA and jumpstart its business development strategy and operating structure.

Bayside Marketplace – This mixed-use development in Miami, Florida was performing consistently below budget and not growing despite the growth of the center. This 1200+ space parking garage was showing signs of wear and performing especially poorly during Miami Heat basketball games. A complete review and breakdown of this project yielded a forecast of $750,000 of new operating income by implementing AKPA’s pricing changes, event strategy, technology upgrades, marketing plan to neighboring demand and improved management performance.

American Medical Association (AMA) Garage – This Chicago garage containing nearly 1000 spaces was underperforming to budget. Following an extensive audit, the contract was awarded to Mr. Kahn’s operating company, One Parking.

Following the first year, Pre-tax Revenue was up over prior year by $482,000 and all Expenses were down $355,000 bringing the first Year NOI up to more than $837,000. This resulted in a 37% growth over the prior year, 6 months of which included numbers generated by One Parking. At a 6.5% – $7.0% cap rate, this resulted in improved asset value from $12 million to $13 million.

Vision, Mission & Values

VISION

Become an all around parking consultant, able to expand to a range of services creating a highly successful firm recognized in the the industry as a meaningful and resourceful business, which is able to accommodate opportunistic services in the parking and mobility industries.

MISSION

AKPA will become a consultant where clients, investors, operators, owners and specialists will seek services and expertise based on quality, insightful and knowledgeable solutions which will be delivered and counted on. The firm will be open and available to expand service offerings to include ongoing asset management, engagement in investment opportunities, become part of large consortia, and take the business outside of simple parking advisory work.

VALUES

1. Integrity – This is in the forefront of everything we do. We will be forthright and transparent with clients, investors, partners, suppliers and whomever we do business.

2. Client Satisfaction – This is the primary purpose & source of our business. We will commit to satisfying our client & always make it right.

3. Collaboration – We will interact with others ensuring we obtain needed perspectives so the project benefits the most.

4. Innovation – We will be creative and innovative in how we approach our jobs.

5. Passion – We will approach what we do with passion. We will seek uplifting attitudes to let our clients know we are thrilled to be working with them.

6. Continuous Improvement – We will seek to improve our knowledge base and advise on new and better ways of doing our jobs.

7. Timeliness – AKPA prides itself of doing its work on time. We will work with our clients to communicate openly about the completion of deadlines, so they are aware at all times where we stand.