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Adds public sector and tourism expertise to firm’s hospitality services
CHICAGO, FEBRUARY 1, 2016 — JLL (NYSE:JLL) has closed the previously announced acquisition of Strategic Advisory Group (SAG), strengthening the company's commitment to being a leading advisor to the hospitality industry. SAG provides public entities a full slate of development advisory services including asset management, tourism strategy and marketing, contract negotiations and public-private partnership structuring. This acquisition supports JLL's strategy of securing high quality businesses that complement and expand the company's existing service offerings.
"As we've been talking to clients over the last month, we've received a very positive reaction to the news," said SAG Founder Jeff Sachs. "We look forward to completely integrating our practice with JLL's global platform."
JLL's hospitality group collaborates with owners, operators and investors of hotels around the world to support their investment strategies. With this acquisition, JLL expands its platform to serve public entities, as well as other travel and tourism clients.
For additional information on JLL acquiring SAG, please refer to the news release issued on December 17, 2015. For more news, videos and research from JLL's Hotels & Hospitality Group, please visit: www.jll.com/hospitality.
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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