JLL Hotels To Expand Debt, Equity Business

NEW YORK CITY-In response to the needs of US-based hotel clients for advice in sourcing debt and equity capital to finance acquisition, refinancing, redevelopment and development of hotels, Jones Lang LaSalle Hotels has appointed Jeffrey Davis, EVP, to coordinate the growth of the hotel capital raising business in the US. Davis will be teaming up with Jere Lucey, a managing director with the real estate investment banking group for parent firm JLL.

Together, Lucey and Davis will advise Jones Lang LaSalle Hotels clients on their capital raising needs and provide hotel clients with the joint resources and relationships of JLL Hotels and JLL’s REIB group in structuring and sourcing hotel capital. The expanded effort will have an increased focus on providing financing advice to buyers of full service assets being marketed by JLL Hotels, accessing debt and equity available today for hotel development, and executing note sale opportunities on hotel assets, according to a prepared release. A JLL Hotels’ source tells GlobeSt.com that Davis is based in the New York City office. The source also notes that the time for the expansion is happening now because “it’s what clients need most.”

This expanded effort will complement the financing services provided by JLL Hotels Select Service Division, run by Adam Furth whose expertise and focus is financing select service assets. “Jeff Davis’ new role reinforces our commitment to accessing capital from all sources and to providing creative structures to our clients,” says Arthur Adler, managing director and CEO-Americas of JLL Hotels, in a prepared release. “Marrying the resources of JLL Hotels and our parent firm, JLL, will enable us to provide the best advice and service available to our clients in today’s changing market environment.” Over the past three years, the team has raised more than $2.7 billion in debt and equity for hotel clients.