The requested news item does not exist. Please return to News
Newly created investment sales team is based out of Shanghai and Hong Kong
SINGAPORE, 18 July 2016 - JLL Hotels & Hospitality Group is expanding its Greater China brokerage team, strengthening the group’s ability to deliver investment advice and opportunities to international and local hotel owners, operators and investors.
A dedicated investment sales team of four real estate professionals has been set up in Shanghai and Hong Kong to focus on China transactions, responding to the growing demand from investors who wish to expand their Chinese real estate portfolio.
The team is led by Aaron Desange, Executive Vice President, JLL Hotels & Hospitality Asia, who has over 10 years of experience in the hospitality field and has undertaken approximately US$2 billion in hotel transactions throughout the Asia Pacific region.
“We’re delighted to be growing our offering in Greater China. It’s an increasingly active market for JLL Hotels & Hospitality and we have committed a highly skilled team who will be able to provide both international and local hotel investors as well as operators with specialist advice on investment opportunities,” says Mr Desange. “Mainland China is seeing around US$1 billion in hotel trades annually and this level is expected to increase in 2016 and beyond.”
The new team includes Stephany Chen (Vice President), Ed Hui (Vice President), Ling Wei Tan (Senior Associate) in Shanghai, as well as Murong Yang (Senior Associate) in Hong Kong.
JLL Hotels & Hospitality Group has been operating in Greater China since 2005 and has advised on a number of high-profile deals including the sale of the Intercontinental Hong Kong and the Four Seasons Shanghai Pudong in 2015. Past transactions in China include Swissotel Kunshan, ANA Xi’an (now known as Grand Park Xi’an), Somerset Olympic Tower Tianjin, Harbour Plaza Kunming (now known as Grand Park Kunming), Fortune Plaza Beijing, and Sheraton Wuxi.
“Our expanded team in Greater China is part of an ongoing growth story for our business across Asia Pacific,” says Mike Batchelor, Managing Director, Investment Sales, JLL Hotels & Hospitality Asia. “The group has advised on over US$8 billion in hotel transactions in the region over the last three years and already in 2016 we’ve seen some major intra-regional deals such as the sale of the Westin Resort Guam and the Maldives resort Zitahli Kuda-Funafaru.”
As well as investment sales, JLL Hotels & Hospitality Group continues to offer a number of services in China including operator selection, asset management, market and feasibility studies, and valuations.
- end -
Notes to Editors:
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling more than $68 billion worldwide.
Between negotiating the world’s most extraordinary, enticing, and profitable property deals, the group’s 350-strong global team also closed more than 4,400 advisory, valuation and asset management assignments.
Investors worldwide turn to JLL to shape their strategies, tailor their portfolios and maximize the value of their assets. We are recognized as the global leader in real estate services across hospitality properties of all shapes and sizes. Our expert advice is backed by industry-leading research.
We apply our broad spectrum of hotel valuation, brokerage, asset management and consultancy services through every phase of the hotel lifecycle. We have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
Whether you are looking for a hotel or you're ready to sell, we'll use our capital markets expertise, hospitality industry knowledge and global relationships to put the right parties together and execute a bespoke deal that exceeds your objectives.
To find out more, talk to JLL.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with over 33,000 employees operating in 92 offices in 16 countries across the region. The firm won 15 awards at the International Property Awards Asia Pacific in 2016 and was named number one real estate advisor in Asia at the 2015 Euromoney Real Estate Awards. www.ap.jll.com.
200 East Randolph Drive Chicago Illinois 60601 | 30 Warwick Street London W1B 5NH |
9 Raffles Place #39–00 Republic Plaza Singapore 048619
Director of External Communications