JLL Hotels ranked top broker in Asia Pacific
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JLL Hotels ranked top broker in Asia Pacific
JLL Hotels & Hospitality Group has been announced as the top-ranked firm for hotel real estate investment activity in Asia Pacific, according to Real Capital Analytics.
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JLL HotelsWestin Perth Hotel sold for over $200m - brokered by Mark Durran
According to Real Capital Analytics (RCA), this result complements JLL’s leading ranking in the region for the eighth consecutive year.
In a brief statement made by Mike Batchelor CEO Hotels & Hospitality Asia, and Craig Collins CEO Hotels & Hospitality Australasia, "This number one ranking reaffirms our competitive advantage and strength in delivering the most value for our clients and their assets."
"From our teams to you; a big thank you for your trust over the years!"
Managing Director Mark Durran echoed these comments stating that the entire JLL Hotels and Hospitality Group team is thrilled to again be awarded top investment brokerage team across Asia Pacific.
Tom Gibson, Vice President, Investment Sales has commented, "The first three quarters of 2018 were quite stagnant in terms of major institutional transactions, with the fourth quarter making up for the bulk of deals. This most notably included the sale of two $100m+ national portfolios being the Westin & Aloft in Perth and the Baillie Lodges portfolio - all of which were brokered by JLL Hotels & Hospitality Group."
See also: GM Hotel Group Adelaide pub portfolio for sale - John Musca JLL Hotels
"We consider the first three quarters of 2018 as an adjustment period for the market, with owners acclimatising to the vacancy left by the aggressive Chinese buyer - a product of imposed Chinese capital restrictions. This has allowed domestic players, as well as alternative foreign markets like South Korea and the U.S., to be more competitive."
Great Keppel Island sold for $50m brokered by Tom Gibson
Gibson concluded, "We are forecasting this Q4 liquidity to carry through 2019, primarily supported by a 10-year low AUD, 10-year low commercial and industrial vacancies, record private and public infrastructure investment in core markets and maturing interest from off-shore lenders via our JLL Debt Capital team."
See the latest news from JLL Hotels & Hospitality Group:
GM Hotel Group Adelaide pub portfolio for sale - John Musca JLL Hotels
Mantra MacArthur Canberra Hotel for sale
Westin Perth Hotel sold for over $200m - Mark Durran JLL Hotels
Baillie Lodges expands with North Queensland hotel, Silky Oaks Lodge
"Continued transactional appetite expected for the NSW pub market in 2019" - John Musca, JLL Hotels
