John W. Lee Joins Valuation Team Of Jones Lang LaSalle Hotels

Resulting from a boom in its consulting business, the Jones Lang LaSalle Hotels` team hired John W. Lee to join the firm`s advisory team. Mr. Lee will be based in Jones Lang LaSalle Hotels` Los Angeles office.

“Given our keen insight into the capital markets as a result of the firm`s successful business in arranging debt and equity transactions, we have experienced a dramatic increase nationally in advisory services relating to strategic valuations, capital markets consulting, strategic planning, evaluations of debt financing, underwriting and due diligence services and other consulting relating to property and entity transactions,” said Karen Johnson, Senior Vice President, responsible for the Jones Lang LaSalle Hotels` Advisory Services Department in Los Angeles. “Not only are we advising on hotel properties, but we are extremely active in the casino, gaming and convention center markets in both North and South America as well,” added Johnson.

John Lee was formerly a Senior Manager, Western Region, of Marriott International`s Feasibility and Development Planning department. Prior to that, he was a Consulting and Valuation Analyst for HVS International. Mr. Lee has a Masters of Management in Hospitality degree from Cornell University`s School of Hotel Administration.

“John is an excellent addition to our team. With solid experience from Marriott and HVS, he possesses the expertise to add value to our clients,” added Johnson. “We plan to further expand the advisory team by hiring another professional in January 2001.”

“The appointment of John Lee comes on the heels of adding Alan Tantleff, Senior Vice President, in New York; Christian Charre, Vice President, in Miami and transferring Christoph Harle, Senior Vice President, from Jones Lang LaSalle Hotels` Frankfurt office,” added Arthur Adler, Managing Director of Jones Lang LaSalle Hotels, Americas. “We are committed to enhancing our resources to provide our clients with the best expertise available.”