JLL strengthens MENA hotels and hospitality group
Fortune 500 real estate and hospitality services company JLL is expanding services in the MENA region capitalising on supply growth
JLL real estate investment and advisory firm is expanding its breadth of services in its hotels and hospitality group (H&HG) in the MENA region, despite facing challenging market conditions, a company statement said.
Amr El Nady has been promoted to senior vice president and will continue to head the global hotels desk for MENA, focusing on cross-border investment activities for single assets and portfolios across the globe, as well as supporting hotel investment sales in the region.
“JLL’s dedicated hotels and hospitality team has been a market leader in providing high quality advice during the pre-development phase through feasibility studies, valuations, operator selection and capital raising in the region.
"The addition of these services will now allow us to support our clients throughout the development and post development stages thus delivering the full cycle of services that we provide to our clients in other parts of the world,” said head of capital markets for the MENA region Gaurav Shivpuri.
JLL has been expanding its hotel asset and development management services in the region ito support hospitality investors in efficiently developing and optimising the operational performance of their assets.
The expansion will come under the leadership of Shivpuri and head of investor services, for the hotels and hospitality group in Europe, Middle East and Africa Jonathan Hubbard.
Shivpuri and Hubbard will be supported by JLL senior vice president for the Hotels & Hospitality Group Middle East and North Africa Marko Vucinic, who will be responsible for day-to-day operations and will lead its advisory and valuation businesses.