JLL’s Hotels & Hospitality’s Americas CEO Kevin Davis wins the Jack A. Shaffer Financial Advisor Award and The Diplomat transaction wins Transaction of the Year for deals over $25 million
News release
29 January 2024
JLL honored with two awards at annual ALIS Conference
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
NEW YORK, Jan. 29, 2024 – JLL’s Hotels & Hospitality group was recognized with two prestigious awards at the 2024 Americas Lodging Investment Summit (ALIS) held in Los Angeles, California, this January.
Americas CEO Kevin Davis was awarded the prestigious Jack A. Shaffer Financial Advisor of the Year award, which recognizes a dealmaker with exceptional skills in fostering and establishing relationships, with the objective of successfully closing transactions that result in mutual benefits for both parties.
Davis expressed sincere appreciation, stating, "This is a team award and I thank my colleagues both past and present for their contributions to our collective success in 2023. Together, we share an unwavering passion for serving our clients and delivering outstanding results.”
The $835 million sale of The Diplomat Beach Resort in Hollywood, Florida, received The Transaction of the Year Award for deals over $25 million. The sale of the 1,000-room Diplomat was the third largest single-asset hotel sale ever in the U.S.
“The Diplomat sale was a remarkable achievement especially in a year that saw its fair share of challenges from a capital markets perspective,” added Davis. “Hotel fundamentals continue to be strong, and we anticipate transaction volume to accelerate in 2024 as interest rates decline and investor optimism surges.”
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.