Clive Leigh, Executive Vice President of Jones Lang LaSalle Hotels has announced his retirement after 36 years with the firm. Mr Leigh, who established the European hotel division of Jones Lang LaSalle will work as a part-time consultant to the hotel group.
Mr Leigh joined the firm in July 1964, and commenced his career in the Rating and Valuation department. He built up expertise in the Investment and Mortgage departments dealing with a wide variety of properties for disposal, acquisition and receivership purposes. In addition to valuation assignments, he also came across a number of “non-conventional” property categories and was involved with the sale of Windsor Race Course and the Welsh National Ice Staking Rink.
In 1987 Mr Leigh turned his eye to the hotel sector and established the dedicated hotels department of then Jones Lang Wootton. Perceiving a gap in the market, he aimed to offer hotel property clients consultancy services on par with the hotel consultants operating in the market but with a real estate perspective.
Arthur de Haast, Managing Director, Europe at Jones Lang LaSalle Hotels states “Throughout his long career Clive Leigh displayed a high degree of professionalism whilst always adopting a client focused and commercial approach to problem solving”. He adds “fortunately we will not be entirely losing his extensive knowledge and experience as he will be acting as a consultant to the firm for the foreseeable future”.
Over his career, Clive Leigh has worked on assignments in 13 countries, ranging from development propositions in Albania, to pre-disposal advice on a portfolio in Jamaica and a number prime hotel assets including the Lanesborough Hotel in London and the Four Seasons Milan. Major recent assignments included valuations of the Posthouse portfolio, Meridien portfolio and the world-wide portfolio of Bass` Inter-Continental brand.
Jones Lang LaSalle Hotels has grown into a global business unit with more than 100 industry experts in 18 cities. The group is the leading hotel property advisor world-wide and between 1999 and 2000 offered advice on US$32.6 billion worth of hotel real estate across 343 cities. In addition, Jones Lang LaSalle Hotels sold US$1.4 billion of hotel assets during 1999 and 2000, involving 13,994 room on an average initial yield of 8.8%.