|
as Vice President for Jones Lang LaSalle Offices in Asia |
Singapore, February 26, 2001 � Jones Lang LaSalle
Hotels has reinforced its position as Asia�s market leader in hotel investment
banking services, announcing a series of staff appointments and promotions
to be effective immediately.
In Singapore, Mr Craig Collins has been appointed Senior Vice President. �Mr Collins brings nine years of industry experience to the Singapore team, significantly strengthening Jones Lang LaSalle Hotels� global leadership in providing specialist hotel investment services to its clients,� announced Mr Scott Hetherington, Executive Vice President, Asia, Jones Lang LaSalle Hotels. Most recently, Mr Collins was employed at a boutique investment bank in Sydney. Prior to that, he held the position of Vice President of Jones Lang LaSalle Hotels, where he was directly responsible for hotel and tourism property sales. Mr Collins holds a Bachelor degree in Business from the University of Western Sydney. Mr Collins joins Mr David Ling, who was recently
promoted to Senior Vice President. They will both be responsible
for investment sales throughout the region. Also recognised for their
individual contribution to the firm were Mr Troy Craig, promoted to Senior
Vice President and responsible for the day-to-day management of the advisory
team, and Ms Corinna Toh, promoted to Vice President.
Tokyo remains the most sought after destination in North Asia with 46.2% of investors nominating acquisition as their preferred activity, according to Jones Lang LaSalle Hotels� recently released Hotel Investor Sentiment Survey (second edition). In 2001 transactions are most likely be driven by legal proceedings and note sales, with the opportunities provided by the recently legislated J-REITs heating up the market. �The transaction process currently suffers due to a lack of experts who are able to conduct due diligence in a Western manner within the Japanese business environment,� said Mr Tomohiko Sawayanagi, Senior Vice President, Jones Lang LaSalle Hotels, Tokyo. �By increasing our qualified, dedicated resources in Japan, we aim to overcome this obstacle for our clients. Another of Mr Terada�s responsibilities will be our latest initiative � an industry benchmarking project, set to be released in April.� �We are continuing to strengthen our foothold in Asia. These appointments, coupled with our recent promotions, reinforces Jones Lang LaSalle Hotels� commitment to offer both global and Asia clients a superior range and quality of hotel investment banking services,� concluded Mr Hetherington. |
###
Jones Lang LaSalle 9 Raffles Place #38-01 Republic Plaza Singapore 048619 tel: +65 536 0606 www.joneslanglasallehotels.com |