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News Release

Hong Kong

JLL’s Hotels & Hospitality Group strengthens sales team in Asia Pacific

Adam Bury joins from CBRE to focus on hotel investment sales in Asia

​HONG KONG, 13 November 2014 - JLL’s Hotels & Hospitality Group has appointed Adam Bury as Vice President, Investment Sales Asia, strengthening the group’s commitment to deliver regional and global hotel real estate investment services across the Asia Pacific region.

Adam joins from CBRE, where he spent five years in the Capital Markets and Hotels teams and brings a wealth of real estate investment sales experience, particularly from markets in South East Asia having spent five years based in Vietnam. At JLL Adam will focus on hotel investment transactions and advise on cross border projects around the region. Adam began his career in real estate as a fund analyst in London for real estate research firm IPD.

Mike Batchelor, Managing Director, Investment Sales Asia, Hotels & Hospitality Group said: “Adam’s appointment underlines our commitment to further strengthen the team’s market leading position in Asia Pacific, and to provide our clients with the best-in-class expertise and advice.”

During the first half of 2014, Asian hotel markets recorded sales totalling US3.5 billion, taking the lion’s share of transaction volumes in the Asia Pacific region, which reached US$3.9 billion. This was up by 6.5 per cent on the same period in 2013.

JLL has increased its full year projection for Asia Pacific hotels transactions from US$6.0 billion to $7.5 billion, based on some very large asset sales currently in progress; this new forecast could well be surpassed if a number of other mooted sales materialise.

This latest appointment reinforces JLL’s Hotels & Hospitality Group’s strategy to strengthen its team in Asia Pacific. In September this year, the team expanded into Hong Kong with the appointment of Senior Vice President, Phoebe Teo.