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Hotels and Hospitality

We’re the first - and largest - global hotel investment services firm

​​​​​​​​​​​​​​​​Hotel and hospitality owners, investors and operators need a very broad set of skills and experience to meet business goals in an increasingly competitive market. The Hotels & Hospitality Group of JLL delivers the complete range of advisory and brokerage services to support our clients at every stage in their investment cycle.

Our services span the hotels and hospitality spectrum from luxury, select service and budget hotels, timeshare, convention centers, mixed-use developments and other hospitality assets.

Few firms can offer our combination of brokerage and advisory services, essential to create a practical foundation for advice and the highest investment sales returns.

More than any other advisor in the world, our dedicated Hotels & Hospitality team provides the depth and breadth of specialist research and market intelligence to support our clients critical decisions.

We work closely together as a local, regional and global team, sharing specialist skills, knowledge and contacts to deliver exceptional results.​

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Asia Pacific Property Digest 3Q 2016/asia-pacific/en-gb/research/826/asia-pacific-property-digest-q3-2016Asia Pacific Property Digest 3Q 2016Domestic demand buffers heightened uncertainty0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

 

 

Asia Pacific Hotel Investment Highlights H1 2016/australia/en-au/research/364/jll-apac-hotel-investement-highlights-h1-2016-july-2016Asia Pacific Hotel Investment Highlights H1 2016Off-market hotel deals driving transaction volume0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

 

 

Hotel Destinations Greater China – March 2016/asia-pacific/en-gb/research/756/jll-hotel-destinations-greater-china-march-2016Hotel Destinations Greater China – March 2016Providing a snapshot of notable hotel trends, recent transactions and upcoming new projects in Greater China’s key gateway cities and tourism destinations. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

 

 

Hotel Destinations Asia Pacific – March 2016/asia-pacific/en-gb/research/754/hotel-destinations-asia-pacific–march-2016Hotel Destinations Asia Pacific – March 2016Providing a snapshot of notable hotel trends, recent transactions, upcoming new projects for Asia Pacific’s key gateway cities & tourism destinations.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

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JLL acquires PDM International, a leading Asia Pacific interior design practice/hong-kong/en-gb/news/500/jll-acquires-pdm-international-a-leading-asia-pacific-interior-design-practiceJLL acquires PDM International, a leading Asia Pacific interior design practice<p><strong> </strong><strong style="line-height:1.6;text-align:justify;">Hong Kong</strong><span style="line-height:1.6;text-align:justify;">, </span><strong style="line-height:1.6;text-align:justify;">16</strong><strong style="line-height:1.6;text-align:justify;"> August 2016</strong><span style="line-height:1.6;text-align:justify;"> - </span><span style="line-height:1.6;text-align:justify;">JLL has acquired PDM International, a leading interior design practice with a 20-year track record across Asia Pacific.</span></p><p style="text-align:justify;">With more than 180 professional staff, PDM delivers innovative and creative design and construction solutions for office, retail, hospitality, residential and leisure real estate projects. The acquisition is the latest example of JLL's disciplined acquisition strategy which, since the start of 2015, has seen JLL announce or close more than 40 margin-accretive transactions with a combined value of approximately $1.2 billion.  </p><p style="text-align:justify;">"This is an exciting move for JLL, adding to our already strong Project and Development Services offering in Asia Pacific," says Jordi Martin, CEO, Corporate Solutions Asia Pacific, JLL.</p><p style="text-align:justify;">"PDM's expertise in design and construction is an ideal complement to our existing project management and construction management capabilities. This acquisition will enable JLL to deliver end-to-end, multi-disciplinary fit-out solutions across the region."</p><p style="text-align:justify;">Marcus Foley, co-founder of PDM International, says: "We are thrilled to be joining the JLL family. Our expertise and geographic footprint as a company is a great fit with what JLL already offers and we are looking forward to working together to expand the business across Asia Pacific."</p><p style="text-align:justify;">PDM's design and construct expertise will complement JLL's Project Management and Construction Management capabilities. With the addition of PDM, JLL will be able to provide design and construct services in 19 cities, with the addition of Beijing, Shanghai, Hong Kong, Bangkok, Kuala Lumpur and Seoul, and continue to provide project management in 27 cities across Asia Pacific. </p><p style="text-align:justify;">"We're delighted to bring the talent and entrepreneurship of PDM co-founders Marcus Foley, Dennis Lim and their team into the JLL fold and are confident that they will help us to accelerate the growth of our Project and Development Services business across Asia Pacific," adds Mr. Martin.</p><p style="text-align:justify;">Mr. Foley and Mr. Lim will report to Albert Ovidi, COO, Asia Pacific, JLL, as well as Mr. Martin.</p><p style="text-align:justify;">PDM services that will be incorporated into the JLL business include building analysis, feasibility studies, space planning, project brief development, concept design, 3D renderings and animations, sustainable design development, construction documentation, furniture and storage evaluation, construction and site management, FFE (Furniture, Fixtures and Equipment) specification, procurement and turnkey construction solutions.</p><p style="text-align:justify;">PMI International, Hong Kong was the winner of "Corporate Space Large" for Dentsu Aegis Network in Shanghai by The International Interior Design Association (IIDA) in 2015. It undertook the design of projects including KPMG, Phillips and Swire Properties' blueprint space in Hong Kong.</p><p> </p><p style="text-align:center;">– ends –</p><br>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Four key China-related trends shaping Asia Pacific hotel industry/hong-kong/en-gb/news/499/four-key-china-related-trends-shaping-asia-pacific-hotel-industryFour key China-related trends shaping Asia Pacific hotel industry<p>​​</p><p><strong>Hong kong</strong>, <strong>09 August 2016</strong> - Mainland Chinese investors exported over $5 billion into the <a href="http://www.joneslanglasalle.com.cn/china/en-gb/services/property-types/hotels-hospitality">hotel real estate sector</a> across the globe in 2015, and the country accounted for nearly half of all cross-border investment out of the Asia region. As Chinese investors brought a new perspective to deal selection, what are the trends that will shape the sector in Asia Pacific going forward?<br> <br>Experts including Tony Ryan, Managing Director, Global Mergers & Acquisitions for JLL Hotels & Hospitality and Yuval Tal, a partner in law firm Proskauer, identify four major trends that are likely to influence the industry in the coming years.</p><p><strong>China as a safe-haven hotel investment destination in Asia Pacific</strong></p><p>Asia Pacific has bucked the downward trend in global hotel investment. In the first six months of this year, transaction volumes in the region rose 13.2 percent to US$3.8 billion, according to JLL's "<a href="http://www.jll.com.au/australia/en-au/research/364/jll-apac-hotel-investement-highlights-h1-2016-july-2016">Hotels Investment Highlights</a>" report. By comparison, volumes in the Americas and the Europe, Middle East and Africa region dropped 51 percent and 60 percent respectively. Mainland China transacted US$ 252 million worth of deals in the first six months of the year, the third-largest volume in the region after Japan and Australia. As uncertainties continue post-Brexit, investors are beginning to see China as a safe haven. This is supported by the fact that the mainland has maintained its upward growth momentum while growth in major developed economies has slowed.</p><p><strong>China is a major driver of outbound capital </strong></p><p>Chinese investment in commercial property and land deals totaled US$3.5 billion in the first quarter of this year, down 20.5 percent year on year, according to JLL data. Still, China moved up one spot to become the second-most active cross-border investor after Germany. Chinese capital has been a major force shaping the global real estate market and likewise, its impact in the hospitality sector has been significant.<br> <br>An Anbang Insurance-led group's bid for Starwood Hotels, worth almost US$14 billion, earlier this year is an indication of Chinese insurers' appetite for global hotels assets.  Chinese investors have also been active in Australia. Chinese money accounted for a third (by volume) of Australian hotel transactions last year, according to JLL data, with investors picking up some big names such as Hilton Sydney (AU$442 million), and Sydney's Sheraton on the Park (AU$463 million).<br> <br>"Chinese companies recognise the significance of the hotel and tourism industries as the global middle class swells, particularly in emerging markets.  Some Chinese players are aggressively acquiring hotel management companies to establish vertically integrated travel& tourism businesses (including travel agencies, transportation and accommodation)," says Ryan at a JLL and Prokauer co-hosted seminar - "China Hotels Mergers and Acquisitions (M&A)"-  in Hong Kong last month. "Other Chinese companies are looking to enhance and extend their domestic hotel businesses by acquiring hotel management platforms with recognised brands and world class expertise. Also in the mix are Chinese insurers, who are not yet investing in real estate to the same extent as their Western peers – this will probably change and they are likely to emerge as a large buyer domestically and globally."<br> <br><strong>China's tourists will continue to shape the hospitality industry</strong><br>China's residents are travelling overseas in record numbers. Overseas travellers from the mainland hit 109 million in 2015, according to market research company GfK. More than half of Chinese travelers are likely to book 3 or 4-star hotels when they travel abroad with a further 17 per cent electing for a 5-star property and seven per cent preferring all-inclusive resorts, based on Hotels.com's Chinese International Travel Monitor 2014.<br> <br>In Australia, China was the country's second largest inbound market by visitor arrivals last year and the largest market by total expenditure and visitor nights. Visitors from China generated AU$8.3 billion (US$6.2 billion) in total expenditure, a number that is estimated to increase to AU$13 billion by 2020. <br><br>These numbers have prompted a strategic shift in mind-set, with hoteliers such as AccorHotels establishing China-focused initiatives to woo more spenders from the country and customising their service standards to meet Chinese cultural expectations. Hotel groups began to see potential in securing long-term demand, in view of the Chinese preference for quality accommodation.<br><strong> </strong><br><strong>China's domestic hotel sector remains one of the hottest markets for M&A</strong><br>Hotel developments in China have benefited from a strong upsurge in domestic tourism. In the last decade, the local tourism market has grown by 10 percent on average each year. The expansions of numerous international hotel brands, the country's modernized transport infrastructure and the upgrading of tourist spots have helped to enhance the appeal of China to visitors globally. This strong travel and tourism demand in China is driving growth in the hotel industry.<br> <br>Frank Sorgiovanni, Senior Vice President of Strategic Advisory, Asia for JLL's Hotels & Hospitality, expressed confidence that foreign investors "will no doubt continue to increase their footprints across China." "Given the escalating size of China's real estate investment universe and improving market transparency, investment activity is set to expand further in the years to come," he said.<br> <br>Tal from Proskauer said, "Many foreign hotel chains are trying to increase their foothold in the Chinese market, but when it comes to the lower tier market segments they are being outshined by local brands, which have been much more successful in growing their distribution.  As a result, in recent years international hotel companies are trying to gain market share in the midscale hotels sector through strategic alliance and joint ventures with local partners," he added. "If you can't beat them, join them"<br><br><span style="line-height:20.8px;">for more information about retail leasing, please visit our </span><a href="http://www.jll.com.hk/hong-kong/en-gb/services/property-types/retail" style="line-height:20.8px;">website</a> <br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

What’s next with improved infrastructure – The future for the hotel market in Hong Kong and Macau/hong-kong/en-gb/news/492/whats-next-with-improved-infrastructure–the-future-for-the-hotel-market-in-hongkong-and-macauWhat’s next with improved infrastructure – The future for the hotel market in Hong Kong and MacauWhat are the implications to Hong Kong and Macau with the completion of the Hong Kong-Zhuhai-Macau Bridge?0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Four Seasons Private Residences in Beverly Hills, Los Angeles/hong-kong/en-gb/news/487/four-seasons-private-residences-in-beverly-hills-los-angelesFour Seasons Private Residences in Beverly Hills, Los AngelesHong Kong Launch Offers Attractive Investment Opportunity0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88