JLL’s Hotels & Hospitality Group creates Global Asset Management leadership role
Andrea Grigg will assume the new role to drive cross-border integration across JLL Hotels’ Global Asset Management practice
SAN FRANCISCO, Mar. 18, 2021 – JLL announced today Andrea Grigg will assume the role of Head of Global Asset Management, Hotels & Hospitality, reporting directly to Hotels Global CEO, Gilda Perez-Alvarado. The newly created role is in response to the industry’s increasing demand for alignment across global asset management portfolios, in addition to the company’s continued commitment to be the most connected, strategic, and creative team of hotel advisors across all global businesses.
Grigg will continue to lead JLL’s Hotels & Hospitality Asset Management practice as Head of the Americas, collaborating with regional asset management heads in EMEA and Asia Pacific, and aligning operator and brand selection and management contract negotiation services.
“Hospitality owners with multi-jurisdictional portfolios require an advisor who understands the dynamics of global demand, operating fundamentals and capital flows, and who can successfully translate that into the realities of the local markets where they own assets,” says Perez-Alvarado. “Andrea’s client-first approach and track record of executing and navigating the most sophisticated portfolios in the industry for our largest institutional investors will allow us to scale this service line and help our clients achieve their ambitions."
Grigg brings 20+ years of hospitality industry and leisure real estate experience to her role as practice leader, including hotel asset management, luxury resort and master-planned community operations. Grigg’s first-hand asset management experience includes some of the most iconic hotels and resorts and complex hotel portfolios in the Americas.
JLL’s Hotels Global Asset Management practice currently oversees 110 hotels and resorts under the umbrella of 45 brands with over 29,000 rooms valued at more than $10.3 billion; being the leading hotel asset management firm globally.
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, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.