JLL retains number one hotel advisor ranking in Asia Pacific
Data compiled by Real Capital Analytics ranks firms based on total transaction volumes, reinforcing JLL Hotels & Hospitality’s access to global capital and its depth of expertise across Asia Pacific
SINGAPORE, 12 March 2020 – JLL (NYSE: JLL) has been named the number one hotel investment advisor in Asia Pacific for 2019 for the ninth consecutive year by Real Capital Analytics (RCA), an independent body that monitors real estate transaction volumes worldwide. For the full year 2019, JLL closed $4.2 billion in hotel investment deals and achieving approximately 58% market share. RCA also named JLL as the number one investment advisor in Asia Pacific across all asset classes.
“Achieving this result for the ninth consecutive year is testament to the world-class team here in Asia Pacific, who have again raised the bar in terms of client centricity and advisory. We benchmark our success directly to our clients’ success, and we’re delighted to share this award with our valued partners,” says Mike Batchelor, CEO, JLL Hotels & Hospitality, Asia.
In Asia Pacific, JLL was also ranked the number one investment advisor across the Office and Multi-Family sectors in 2019, as measured by transaction volumes. The firm also led the region in terms of complex transactions, with over $13.1 billion in cross-border deals closed in 2019.
“In 2019, the Asia Pacific hotels sector had another banner year, driven by a maturing hospitality industry, an influx of inbound tourists, and an expansion of facilities to cater to the business and leisure traveller community. Influenced by these factors, investors continue to express long-term confidence in the sector, demonstrating a willingness to deploy surplus capital, participate in cross-border transactions, and purchase trophy assets, all of which emerged as key factors in driving deal volumes,” says Batchelor.
Hotel transaction volumes in Asia Pacific rose by 44 percent in 2019, relative to 2018, exceeding previous projections of a 25-30 percent increase. This full year volume marks only the second time that regional hotel transactions surpassed the US$12 billion mark.
For more information on RCA's methodology, visit http://www.rcanalytics.com.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.