Jones Lang LaSalle Incorporated has announced that Christian Ulbrich, who has held the role of president since June, will also assume the position of chief executive, effective October 1st. Ulbrich will succeed Colin Dyer, who will retire from JLL at the end of 2016 and step down from the chief executive role on September 30th, 2016. To ensure a smooth transition, Dyer will continue to guide the company’s data, information and analytics priorities through the end of 2016.
The number of hotel rooms in Jeddah, Saudi Arabia, is forecast to double by 2018 according to a new report. The ‘Jeddah Hotel Market Overview’ report by JLL reveals that the current supply of 8,600 rooms in the city will double – with another 8,600 rooms forecast to be added to the market by 2018. With a total stock of 17,200 hotel rooms estimated by 2018, major projects in the Jeddah pipeline include: The Ritz Carlton, Jeddah; Radisson Blu Al Salamah; Movenpick City Star; Elaf Galleria and Assila Hotel & Residence by Rocco Forte.
A new report published by Jones Lang LaSalle reveals today the major cities of Saudi Arabia - Riyadh and Jeddah - are forecast to see an increase of 16,000 new hotel rooms by 2018. Of these, over 50 per cent will be part of new five-star hotel developments, as international hotel brands put in place ambitious expansion plans. The number of rooms in Jeddah is expected to increase by 2,700 in 2015 alone.
Jones Lang LaSalle has secured $28 million in senior debt financing from MetLife for the refinancing of the Hilton Charlotte University Place, a 393-room, full-service hotel located in Charlotte, North Carolina.
Thierry Loue, CEO Mid East & Asia, Jones Lang LaSalle
Thierry Loue, CEO Mid-East & Africa, Jones Lang Lasalle, talks to Breaking Travel News at Arabian Hotel Investors Conference 2009.
On behalf of a partnership between Morgan Stanley and The Resort Group, Jones Lang LaSalle Hotels has announced the sale of the Hanalei Plantation Site to Ohana Hanalei, LLC, an affiliate of Montage Hotels & Resorts.