TRI’s team, which is led by the highly respected Jonathan Langston and David Bailey, will work alongside Graham Windle and the existing consultancy practice. This move will significantly extend CBRE Hotels’ capabilities in professional services, investment advisory, feasibility studies and operational asset management.
CBRE Hotels advises some of the world’s leading investors, lenders, developers and operators of hospitality assets providing advice on the sale, valuation, financing, development and asset management of hotels. The expansion of its consultancy practice follows the recently announced strategic appointments of Dominic Murray (Senior Director), Paul Collins (Head of Brokerage UK & Ireland) and Catherine Rawanduzi (Head of Hotels, France).
Commenting, Derek Gammage, Managing Director, CBRE Hotels EMEA said: “By incorporating TRI’s highly regarded UK consultancy practice into our network, our ability to offer a fully integrated service to clients has been further strengthened. Having enjoyed a close working relationship with TRI for a number of years, this move to acquire the knowledge and expertise of the group is a key step towards offering an improved service to new and existing clients.
“Our ability to strategically expand our hotels business in the current environment reflects the strength of our offering as well as CBRE's wider commitment to this important sector. I am thrilled to have the team on board.”
Jonathan Langston, added: “As a team we are delighted to be joining CBRE Hotels. Both firms have similar cultural values that emphasize exceptional client care. Together, we have a clear ambition for further growth and are well positioned to respond to the dynamics of this fast-moving market. We all look forward to playing a key role in the future success of CBRE Hotels.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. www.cbre.com.
About CBRE Hotels
CBRE Hotels is the world’s leading, full-service, real estate advisory group focused exclusively on the hospitality industry. CBRE Hotels provides consultancy services for the sale, valuation, financing, development and asset management of hotels. Headquartered in London, the group has offices in Munich covering Germany and CEE (Central and Eastern Europe), Ireland, France, Spain, Italy and with dedicated hotel teams in the United States, Canada and the Asia-Pacific region. www.cbrehotels.com.
About TRI Hospitality Consulting
TRI Hospitality Consulting is the UK’s largest and market-leading specialist hotel consultancy whose origins began in the mid 1960s. Under the leadership of Jonathan Langston Managing Director and David Bailey, Deputy Managing Director who have both been with the firm for over 25 years, TRI is the consultancy of choice for market and financial appraisals, and specialist hotel advisory services including operator selection and expert witness work. TRI conducts around 200 assignments per year and advises established brands, developers, funders and operators as well as some of the most innovative hotel market entrants.
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