JLL’s Hotels & Hospitality group expands U.S. tax team
Based in Los Angeles, Eric Nisbet will serve as Senior Vice President and report to Senior Managing Director Louis Breeding
LOS ANGELES, Nov. 8, 2021 – JLL’s Hotels & Hospitality Group announced that it has expanded it’s U.S. property tax team with the hiring of Eric Nisbet as a Senior Vice President. Nisbet will report directly to Senior Managing Director Louis Breeding.
In this newly created role, Nisbet will focus on helping hotel clients mitigate their property tax liabilities, purchase price allocations, transfer tax analysis rebates, and property tax projections for acquisition and disposition. Based in Los Angeles, his primary focus will be properties located in California.
“The landscape for hotel tax assessments for our clients is changing as a result of our successes in challenging how hotels are valued for property tax purposes,” Breeding noted. “We are very excited to welcome Eric to our team. His background and expertise adds to our ever expanding practice, specifically along the west coast of the U.S.”
He joins the firm with more than 13 years of experience, most recently serving as a Vice President at Versatax Consulting and prior to that, a Manager at EY. Nisbet holds the CMI designation from the Institute for Professionals in Taxation and is a second year officer for the California Alliance of Taxpayer Advocates (CATA). He holds a Bachelor of Arts degree from the University of California, Santa Barbara and a Master of Business Administration degree from California State University-Dominguez Hills.
“At JLL, we are focused on servicing clients throughout the entire life cycle of their hotel investment,” Kristin Schneider, Chief Operating Officer, JLL's Hotels & Hospitality Group said. “With property tax expenses being a significant line item on a hotel’s P&L, bringing in a teammate with the depth of experience Eric has is critical to JLL’s holistic approach of advising our clients on acquisitions, sales or a hold-strategy as well as continuing to drive asset value.”
The JLL Hotel tax team currently represents 81 clients consisting of 857 properties in 42 states across the U.S. The team represents over $30.7 billion in hotel assessments and has generated over $50 million in savings for our clients over the last three years.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-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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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.