The requested news item does not exist. Please return to News
London, 28 June, 2016 – JLL has hired investment banking and corporate finance expert Philip Ward as CEO of its Hotels & Hospitality Group in EMEA. This strategic appointment will enhance the Group’s ability to source and structure capital for clients’ hotel real estate activities.
Crucially, this announcement comes at a time when the hotels and hospitality sector is facing new competition from businesses that challenge the traditional concept of a hotel. These new, disruptive forces offer ample opportunity for the sector to modernise, and hotel investors and operators are uniquely positioned to shape the future of the hospitality real estate industry.
With a career spanning 35 years, Mr. Ward comes to JLL from global investment bank Brookfield Financial, where he was a managing partner and founder of the firm’s European operation.
Mark Wynne-Smith, Global CEO of JLL’s Hotels & Hospitality Group, said: “Philip’s appointment to lead JLL’s hotel and hospitality business in EMEA signals our focus on the institutional investor segment, and is a response to the changing needs of our clients and the market and economic environment. Current and future clients will benefit from Philip’s wealth of experience in the sector, including sourcing, securing and arranging debt and equity capital, and structuring complex transactions through a range of market cycles. He joins during an evolutionary period as the universe of investors and lenders becomes more diverse within the hospitality sector as a whole.”
Richard Bloxam, head of capital markets, EMEA, at JLL, added: “Philip’s appointment underlines JLL’s focus on continuing to evolve its specialist banking and finance expertise. It supports our strategy to drive key parts of the business, and enhance the conversations that we are having with clients and institutional investors – whether it’s about buying, selling, refinancing or consolidating real estate assets.”
Mr. Ward joined Brookfield from Eurohypo AG, part of Commerzbank, where he was a managing director and head of advisory. Previously, he held managing director roles at Bear Stearns International and Rothschild Group in London and Paris. For the last 25 years, he has specialised in investment banking advisory work for the hotels, hospitality, leisure and tourism sectors.”
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
In Russia and CIS JLL has offices in Moscow, St. Petersburg and Kiev. JLL, Russia & CIS was voted Consultant of the Year in 2004, 2006-2016 at the Commercial Real Estate Awards, Moscow; Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg; Consultant of the Year at the RCSC Awards in 2015.
Head of PR
+7 495 737 8000