JLL recruits to hotels and hospitality

By Paul Norman - Monday, September 04, 2017 14:46

JLL has appointed Karl J. Badstuber and Yves Marchal as senior client relationship managers in its hotels and hospitality team.

Badstuber joins from AXA IM - Real Assets and Marchal moves from a previous role at JLL within the Hotels & Hospitality Group.

Badstuber and Marchal will assist institutional investors in shaping and executing their growth objectives within the European hotels and hospitality sector.

Institutional investors have been increasingly active in hotels across the Europe, Middle East and Africa region, investing €2.8bn in 2016, a 30% increase on 2015. Similar trends have been seen in the first six months of 2017, with institutions investing €800m, raising their share of total transactions to nearly 17%.

Philip Ward, CEO Hotels & Hospitality, EMEA, JLL, said: “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.

“Our team, including Karl and Yves, works closely with a rising tide of investors seeking to deploy their capital into hotels in thoughtful ways and across the capital stack, at the right time, and in the right locations. Karl and Yves bring broad and deep experience from careers built working with asset owners and asset managers across Europe in specialist financial services firms and in hotel groups. We’re delighted to have them on board.”

Badstuber joins JLL as managing director after spending four years as a senior pan-European hotel specialist at AXA IM - Real Assets, spearheading hotel transactions and strategic hotel asset management. He has also held senior positions at Morgan Stanley Real Estate Fund, Grand City Hotels & Resorts, InterContinental Hotels and Starwood Hotels across Germany, Luxembourg, the UK and Australia.

Marchal has been with JLL since 1999 and during his time with the firm, he has been involved in numerous high profile hotel instructions and major international negotiations both in France and in EMEA. He was most recently Head of Southern Europe for JLL’s Hotels and Hospitality Group.

Both report to Philip Ward, CEO of Hotels & Hospitality Group, EMEA, JLL.

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