JLL strengthens Hotels & Hospitality team in EMEA with senior appointments
JLL has appointed Rekha Toora, as Senior Vice President and Marc Nelson as Executive Vice President
JLL has appointed Rekha Toora, as Senior Vice President and Marc Nelson as Executive Vice President to its Hotels and Hospitality team to bolster its existing pan-european capabilities and work alongside JLL’s capital markets team.
Rekha joins JLL from her former position as CIO of Qbic Hotels. Rekha has a proven track record in originating and executing hospitality transactions in the UK and Europe and will further enhance the teams strong European deal-making capabilities. Rekha has worked with a range of investors from institutional to family offices covering income generating and development transactions in hotels and also commercial real estate. She will also bring her ESG knowledge to the team.
As Executive Vice President, Marc will be responsible for long income and funding solutions across JLL’s hotels and hospitality group in the EMEA region to further broaden services and capitalise on the continuing demand for fixed income opportunities. In addition, Marc will be working alongside market leading teams in executing trading hotels and portfolio deals as well as a specialist JLL Capital Markets team focusing on long income and funding solutions. He joins from CBRE’s Hotels team where he was Director, Investment Properties and has traded over £1bn of hotel transactions including the Clayton Hotel Charlemont, COMO Metropolitan Hotel, Premier Inn Westfurry, Maldron Glasgow and 150 Travelodge hotel deals through both portfolio and single asset transactions.
William Duffey, Head of EMEA Hotels & Hospitality Capital Markets, JLL, said: “We look forward to welcoming both Rekha and Marc to our team. Having just been announced as number one Hotels investment advisor in EMEA for 2020 by Real Capital Analytics, this is a great time to continue growing our industry recognized expertise by adding more talent, which will give us the tools to continue growing in the sector, as it recovers from a difficult year due to the pandemic. Rekha is bringing a lot of experience in ESG, which is so important to the market right now, with hotel owners, operators, brands and management companies having a vested interest in the sustainability of their properties.”
Martin Le Grice, Lead Director of Long Income and Funding Solutions, JLL said “There has been a huge influx of capital seeking to enter into the long income market. The market has become much more flexible in how product can be structured and we look forward to working alongside Marc and the hotels team advising across all areas of structures across commercial ground rents, sale and leasebacks, development fundings and income strips”
JLL’s Hotels & Hospitality Group is the industry leading advisor and over the last five years has completed transactions totaling $83 billion worldwide, and across EMEA, JLL advised on €13.4 billion of hotel sales over the same period. JLL’s hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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 $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.