Bangkok, 7 October 2008 - Reinforcing its position as the region’s market leader in hotel real estate investment and advisory services, Jones Lang LaSalle Hotels has announced its expansion into Thailand and Indochina. Based in Bangkok, Mr Andrew Langdon has been appointed to head Jones Lang LaSalle Hotels’ operations in Thailand and Indochina.
Jones Lang LaSalle Hotels’ Bangkok office is one of 11 offices located in Asia Pacific; a region which now boasts over 85 dedicated hotel specialists. The office will be located within the Jones Lang LaSalle’s offices on South Sathorn Road.
An experienced professional with over 17 years of diverse property experience; of which 11 years were spent in Thailand, Mr Langdon has extensive knowledge and experience of Thailand and Indochina. He was previously Managing Director, Thailand & Indochina, for Sallmanns, an international real estate consultancy specialising in valuations, feasibility/market studies and commercial agency. A registered valuer with the Thai Valuers Association and in Australia, Mr Langdon concentrates on the hotel and leisure sector and has provided valuations, feasibility and market studies and investment advice to a broad range of hotel investors and operators.
“The ongoing demand for specialist hotel investment and strategic advice in Thailand and Indochina created a unique opportunity for our regional team; Andrew will be an influential force in the growth of our business in the Thailand and Indochina, providing quality advice to hotel owners, operators, financial institutions and investors,” said Mr Scott Hetherington, Managing Director Asia for Jones Lang LaSalle Hotels.
“The hotel sector in Thailand and Indochina is entering a significant growth phase. Both hotel investors and operators are increasingly demanding specialist hotel advice by professionals active in these local markets. The opening of the Jones Lang LaSalle Hotels’ Bangkok office provides this much needed resource locally,” said Mr Langdon.
Jones Lang LaSalle Hotels’ regional offices ensure greater access to capital which is emanating from within Asia and internationally to Thailand and Indochina’s hotel investment market. This is further supported by the growth of the Firm’s Asia hotel team in the past nine months which saw the welcome of 12 new team members as the Firm expanded its operations in Singapore, China and Japan.
“Our clients are becoming increasingly sophisticated regarding hotel investment and we are challenged every day to exceed their expectations. Our 50-strong team in Asia provides innovative forward thinking advice on a diverse range of hotel property related matters, and the depth and breadth of our capabilities is what sets us apart from our competitors,” added Mr Hetherington.
Over the past four years, the Asia Pacific strategic advisory team has completed over 750 assignments, encompassing more than 160,000 rooms worth over US$34 billion. “Andrew’s efforts will be boosted by the support of a strong regional team in Singapore who are currently involved with numerous advisory and valuation work in key resorts destinations in Thailand,” said Mr Hetherington.
The firm has an unparalleled track record covering the full spectrum of hotel structures, single assets, portfolio and corporate disposals. Notable transactions in Thailand include the sale of Crowne Plaza Phuket (now Mövenpick Resort & Spa Karon Beach Phuket), Sofitel Bangkok Silom and Garden Beach Resort, Pattaya. In Indochina, the firm was involved with the sale of the Raffles-managed Grand d’Angkor Siem Reap and Le Royal Phnom Penh in Cambodia, and of two development sites on the world–famous China Beach in Danang, Vietnam.