jll real views
From Room Service to Rehab, Distressed Assets Are Finding New Life
JLL | April 19, 2021
The skilled nursing and hotel industries, while improving, have faced pandemic-fueled challenges over the past year that resulted in empty rooms. But real estate owners selling some of the underperforming properties and streamlining their portfolios are finding plenty of buyers, with an increasing number converting distressed assets into new uses that are in high demand, like affordable housing, behavioral health facilities and student accommodation. For example, a skilled nursing facility outside the greater Boston area is on its way to being converted to affordable housing. Developer CK Asset Holdings Ltd. is converting two Hong Kong ...
The Hotel Experience Gets High-Tech
October 25, 2019
Hotels have long promised guests they won’t have to lift a finger. Now some are reaching to technology for those light-touch – and even no touch – experiences to keep guests coming back. All over the world hotels have been racing towards clever devices, robots and voice assistants. For example, the 290-room FlyZoo Hotel in Hangzhou, China, this year launched facial recognition entry to lifts and rooms. “Hotels are now thinking about technology that can provide connectivity and convenience for their guests as much as they are design and interior styling,” says Huw Montgomery, project manager in hospitality at JLL. “The ability f...
Why Hotels Are Taking Wellness Seriously
JLL | August 21, 2019
CHICAGO -- August 21, 2019 -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2019 with diluted earnings per share of $2.40 and adjusted diluted EPS1 of $2.94. Record Real Estate Services revenue and fee revenue up 9% (11% local currency) and 7% (10% local currency), respectively Americas Leasing exceptional performance continued Corporate Solutions growth across all geographies strengthened annuity base Capital Markets investment sales outperformed decline in market volumes Margin increase reflected LaSalle contribution and continued expansion in Real Estate Se...
Why Select Service Hotels Are Coming to the City Center
JLL | July 29, 2019
July 29, 2019 -- It used to be that guests at every downtown hotel expected bell staff, a concierge, extensive meeting spaces and spacious rooms. But these days, guests are getting comfortable with a lot less. Select service hotels with fewer amenities and smaller rooms — once confined to suburbs, small towns and the areas surrounding airports — are growing in city centers. This industry sector has seen double-digit percentage change growth in terms of the number of rooms that exist in major U.S. markets from 2015 to 2019, according to JLL research. Hotel brands like Hilton Garden Inn, Tru by Hilton, Courtyard by Marriott and Hyatt ...
Why Historic Buildings Make Great Hotels
JLL Real Views | June 27, 2019
The UK’s rich history is a major draw for visitors – and the chance to stay in castles where former kings resided, or country homes fit for a Jane Austin novel, is the type of experience that resonates with many. Growing numbers of historic buildings in the UK are now enjoying a second life as high-end and mid-range hotels. Former mansion Cliveden House, near Windsor, was once home to royalty while Roch Castle, in Wales, has been given a boutique-style makeover and Solent Forts, near Portsmouth, offers an off-shore stay with a difference at former sea-based defences. For visitors, it’s all about the prestige of staying at a destin...
How Hotels Are Going on a Fitness Kick
JLL Real Views | May 28, 2019
Working out in a hotel is no longer a choice between a treadmill in a small gym, laps of the pool or a 7am yoga class. With health and fitness an engrained part of modern living, a growing number of hotel chains are making it easier than ever to squeeze in a workout when away from home. So easy in fact, the equipment can be right next to the bed. Hotel brands such as DoubleTree by Hilton offer guests Five Feet to Fitness rooms with exercise bikes and keep-fit stations, while Westin by Marriott and Even Hotels by Intercontinental are offering guests bedrooms with training equipment from weights and yoga mats to TRX straps. "Waking up to ...
How Hotels Are Meeting the Demand for Quality Meeting Space
JLL Real Views | May 9, 2019
Whether they're hosting a conference for 300 out-of-town guests or an away-day for a 30-strong team from a local company, hotel meeting and event spaces are in high-demand. The global market for meetings and events is currently growing at seven percent per year, in turn driving up prices for meeting space across North America, Asia, and Europe. Yet not all facilities are in the same league. As hotels look to gain the edge in winning new and repeat business, many are considering how they can modernize, refresh or add to their meeting and events spaces to extend their appeal to companies and business travelers. "Tired, old facilities won'...
Why Lifestyle Hotels Are Not Just for Millennials
JLL Real Views | May 6, 2019
Lifestyle hotels may tick all the boxes for millennial travellers but they're not the only generation drawn to their mix of contemporary design, nods to local culture and good wifi connections. In recent years, they've become an increasingly popular choice among travellers across all age groups – by combining the personalised touches and high-quality service of a boutique hotel with the convenience and reliability of big hotel chains – while operating at a premium price point. As lifestyle brands such as Indigo by the InterContinental Hotels Group, Aloft, Moxy and W under Marriott, as well as Andaz by Hyatt pop up across the...
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