JLL has appointed Karl J. Badstuber and Yves Marchal as senior client relationship managers to its EMEA Hotels & Hospitality Group.
Badstuber (pictured left) joins from AXA IM - Real Assets and Marchal (right) moves from a previous role at JLL within the Hotels & Hospitality Group. Both will assist institutional investors within the European hotels and hospitality sector.
'We’re seeing institutional investor appetite for the hotels and hospitality sector gaining momentum, driven by the increasing volume of capital targeting real estate overall, and the potential for stable, high-yielding returns,' commented Philip Ward, CEO Hotels & Hospitality, EMEA, JLL.
According to JLL, institutional investors have been increasingly active in hotels across the Europe, Middle East and Africa region, investing €2.8 bn in 2016, a 30% increase on 2015. Similar trends have been seen in the first six months of 2017, with institutions investing €800 mln, raising their share of total transactions to nearly 17%.
