JLL honored with two awards at annual ALIS Conference

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.

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