CBRE has welcomed a wealth of property experience to its hotels team with two new appointments.

The firm has announced that Michael Simpson has been appointed to lead the CBRE Hotels' Capital Markets team in Australia and New Zealand, while Tom Gibson will take on a director role.

Mark Coster, CBRE’s Pacific Head of Capital Markets, said the pair were "extremely well regarded" by clients.

At a glance: 

• CBRE has announced the appointment of Tom Gibson and Michael Simpson to its hotels team.
• Mr Simpson has been appointed to lead the CBRE Hotels' Capital Markets team in Australia and New Zealand, while Mr Gibson will take on a director role.
• Both have previously held senior positions at major property firms.

“Michael and Tom bring skill sets that are highly complementary to that of our existing team," he said.

"These appointments will reinforce our ability to provide a market leading service offering to our clients in the accommodation sector, where we envisage considerable future opportunities.”

Both Mr Simpson and Mr Gibson have previously held senior roles at other major property firms.

The latter told WILLIAMS MEDIA he was looking forward to hitting the ground running in his new environment.

“It is an exciting time to join a team that is committed in growth and invested in providing a full-service approach for clients, especially during the current challenges in the market," he said.

Mr Simpson  said while the hotel and tourism sector was facing considerable uncertainty as a result of the COVID-19 pandemic, the industry had been quick to rebound from past local, regional and global geopolitical and economic events such as SARS and the Global Financial Crisis.

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Tom Gibson has recently been appointed by CBRE Hotels. Source: CBRE 

“While hotel investment volumes have been low in 2020 and few investment grade hotels are being publicly marketed in Australia and New Zealand, we’re anticipating an acceleration in activity as the year progresses,” he said.

“Key industry players are working hard behind the scenes to execute off market trades and various consolidation opportunities are being explored, involving larger industry players and global private equity groups.”

“CBRE’s collaborative approach, global reach and cross-border connectivity will ensure that CBRE Hotels is positioned at the forefront of this new wave of transaction activity, with the ability to provide a seamless service to our domestic and offshore clients.”

The CBRE Hotels team is the largest in the Pacific region, with representation in Sydney, Melbourne, Brisbane, Perth and Auckland.

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