JLL ranked as the world’s leading hotel investment advisor in 2023

CHICAGO, Mar. 11, 2024 - JLL (NYSE: JLL) has regained its ranking as the leading hotel investment advisory firm globally for 2023, as based on total investment volumes in the asset class. Data analysed and published by MSCI Real Capital Analytics (RCA) has confirmed that JLL advised on $7.7 billion in transactions, representing a global market share of 25% of all hotel investment deals. JLL rises to the top spot on the independent rankings from second in 2022, underlining the momentum in its business strategy and the confidence its investment advisory platform by the world’s most active hotel investors and operators.

The contribution to JLL’s number one ranking globally was further reflective of the strength of its diversified business of locally focused and globally connected investment advisors across the Americas, EMEA and APAC. In the Americas, the largest hotel investment geography globally, JLL advised on approximately $3.0 billion in deals, capturing a market share of 19% for 2023. In EMEA, the firm closed $2.7 billion in transactions or 30% of the market. In APAC, JLL’s 34% market share equated to $2.0 billion in hotel investment transactions.

“In both the Americas and across the globe, JLL has an established record and reputation as the unmatched source of investment advisory and expertise in the lodging industry. In 2023, against a challenging and unpredictable economic environment, our platform has outperformed due to the strength of collaboration, partnership and trust that are emblematic of our deep client relationships. This recognition is a source of great pride for JLL and we humbly share this honor with our clients and global network of hotel investment professionals,” says Kevin Davis, CEO, JLL’s Hotels & Hospitality Group, Americas.

In 2023, JLL advised on numerous landmark transactions across the Americas, EMEA and APAC regions. Notable deals transacted by JLL included closing the sale of the Diplomat Beach Resort in Fort Lauderdale Florida, for $835 million, the third largest single asset transaction ever in the U.S.; advising Equity Inmuebles on the EU535 million sale of 17 assets in Spain, the country’s largest ever portfolio transaction; and the advising on sale of the Singapore’s PARKROYAL on Kitchener Road for $388 million, representing the largest ever single hotel asset transaction in Singapore.

“With the fundamentals of a favorable economic outlook and solid consumer confidence, our conviction stands that global capital will view the Americas hotel market as an opportunistic investment with strength in its diversity as an asset class. As the interest rate environment will likely stabilize and momentum in business and leisure travel will remain high, we expect investment volumes to reflect brewing investor confidence in 2024,” added Davis.

Read more in JLL’s Hotel Investment Outlook 2024.

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.

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