JLL expansion continues with hotel debt hire

Jones Lang LaSalle (JLL) has appointed Erik Jacobs to its Capital Markets Hotels & Hospitality Group as it expands its lending advisory business across Europe. Jacobs will be cover hotel transactions across the EMEA region from a debt and equity perspective.

Jones Lang LaSalle (JLL) has appointed Erik Jacobs to its Capital Markets Hotels & Hospitality Group as it expands its lending advisory business across Europe.

Jacobs will be cover hotel transactions across the EMEA region from a debt and equity perspective.

Erik Jacobs
Erik Jacobs

He joins from Invesco Real Estate where he was responsible for hotel acquisition and disposals throughout Europe. Prior to Invesco Jacobs worked at Morgan Stanley Real Estate Funds focusing on hotels and hospitality related investments.

“Joining JLL’s Hotels & Hospitality Group is an exciting opportunity to work with the global market leader in hotel real estate space at a very exciting time in the cycle,” said Jacobs.

Christoph Härle, chief executive of JLL’s EMEA, Hotel & Hospitality Group said: “With hotel investor sentiment strong and expectations of accelerating trading growth across EMEA, we are very pleased to welcome Erik to JLL.”

The appointment is another sign of JLL’s expansion of its debt advisory service. It acquired Swedish firm AGL last month potentially adding another 200 clients to its business.

AGL, based in Stockholm, advises about 200 clients on strategic and operational real estate financing. That purchase follows JLL’s acquisition last year of  investment advisor Tenzing, also based in Stockholm

Among its hires this year, JLL has brought in Graeme Parry, formerly of pbb Deutsche Pfandbriefbank, for its Milan office, and Markus Kreuter, formerly of Deutsche Bank, to head the debt advisory business in Germany.

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