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 New Zealand. Based in Auckland, Mr Dean Humphries has been appointed to head up Jones Lang LaSalle Hotels’ new office. Mr Humphries was previously National Director - Valuation and Advisory, Jones Lang LaSalle.
Jones Lang LaSalle Hotels’ new Auckland office is one of 10 offices located in Asia Pacific; a region which now boasts over 90 dedicated hotel specialists.
“The ongoing demand for specialist hotel investment advice in New Zealand created a unique opportunity for our regional team,” said Mr Humphries. He added, “We have sold 13 hotels throughout New Zealand in recent years, predominantly off market, and including the recent sale of a large provincial hotel which achieved a record value on a per room basis for any hotel located outside the main city centres.”
Also based in Auckland, Mr James Gatland has joined the team as Analyst – Investment Sales / Corporate Advisory. “James is a recent graduate of Auckland University with Property and Tourism qualifications and will be an integral member of our team in New Zealand; adding greater depth to our hotel investment services,” said Mr Humphries.
Jones Lang LaSalle Hotels’ regional offices ensure greater access to capital which is emanating from countries such as Australia, Singapore, Thailand and China to New Zealand’s hotel investment market. “This is further supported through the relocation of Mr Mike Batchelor to our Singapore office,” said Mr Humphries. Mr Batchelor has sold the majority of major hotels in New Zealand over recent years.