Global real estate advisor CBRE has appointed Giordano Nicoletti as head of operator selection for EMEA, within its hotels team.
According to the firm, Nicoletti has developed considerable expertise in this long-standing service line at CBRE over the past 15 years, having started his career with the firm as an intern in 2007.
He has since worked in wide-ranging roles across the European business from the Rome, Milan and London offices.
Since the early 2000s, CBRE’s operator selection team has advised investors across Europe, finding the best operator for their hotels and negotiating the best available terms on their behalf.
The firm said that Nicoletti has been instrumental in CBRE achieving a leading position in the market, with over 40 major operator selection processes conducted every year on behalf of numerous clients, across over 15 geographies in the region.
In his new role, Nicoletti will lead the service line that oversees operator selection across Europe. The team advises on a wide range of operating structures including leases, franchise agreements, hotel management agreements and joint ventures.
Recent notable deals include The Standard Hotel in Dublin, the Olympia London, the Fairmont Grand Hotel in Geneva and the Tidal Portfolio in Germany.
Said Nicoletti: 'Our diversified and highly integrated European team, and our ability to constantly monitor the needs and expectations of our clients have been contributing factors to our success to date.
'We look forward to continually improving our proposition to provide a superior service to both our existing clients and new clients, leveraging on our highly structured and coordinated approach to Operator Selection activities across Europe.'
Commented Kenneth Hatton, head of hotels, EMEA at CBRE said: 'CBRE has significantly grown its operator selection business over the last five years across Europe, and this senior appointment reflects our ongoing commitment to providing a best-in-class service to our clients.
'Giordano has gained vast experience across our wider hotels business, making him perfectly placed to spearhead this platform and solidify our market-leading position in operator selection.
'With decades of major-brand operator experience within our EMEA and global hotels team, there are few, if any, who can match CBRE’s credentials in this space.'
