JLL strengthens its Hotels and Hospitality business in the MENA region

Dubai - MENA Herald: JLL, the world's leading real estate investment and advisory firm, has announced it is expanding its breadth of services in the Hotels & Hospitality Group (H&HG) in the MENA region.
The expansion will come under the leadership of Gaurav Shivpuri, Head of Capital Markets for the MENA region and Jonathan Hubbard, Head of Investor Services, for the Hotels & Hospitality Group in Europe, Middle East and Africa. Mr. Shivpuri and Mr. Hubbard will be supported by Marko Vucinic, Senior Vice President for the Hotels & Hospitality Group in the Middle East and North Africa at JLL, who will be responsible for day-to-day operations and will lead its advisory and valuation businesses.
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 has been expanding its Hotel Asset and Development Management services in the region in order to support hospitality investors in efficiently developing and optimising the operational performance of their assets, at a time when the region is seeing further supply growth, despite facing challenging market conditions.
Alongside its core advisory and valuation businesses, JLL is introducing JLL Foodservice Consulting, which consults on all aspects in the food and beverage sector, including commercial and operational performance analysis, benchmarking, standards monitoring and due diligence.
​“JLL’s dedicated Hotels & 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 Mr. Shivpuri.