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(07 Sep 2021)
CBRE has strengthened its team in Asia Pacific
by appointing Steve Carroll as Head of
Hotels & Hospitality and David Ling as Managing
Director Hotels & Hospitality.
Both are based in Singapore.
Greg Hyland, Head of Capital
Markets for Asia Pacific, said, “We are excited to
welcome Steve and David as we expand our global service offering and leverage existing teams to provide a full suite of hotel
capabilities for our clients across Asia Pacific. They come with a
well-rounded view of the hotel industry and a deep
understanding of what global hotel owners, operators and
investors look for while navigating a post-COVID19 recovery. The new
realities created by the pandemic mean that clients will be
best served with a comprehensive Hotels offering that includes
investment, divestment, M&A, capital raising, debt, asset
management and strategic advisory expertise.”
Steve
was most recently IHG’s Senior Vice President, Global Corporate
Finance and Strategy, as well as its Global Head of M&A. In
this role, he drove the company’s investment strategies
including multiple brand acquisitions and the US$1 billion sale of
the InterContinental Hong Kong. Prior to IHG, Steve was
at LaSalle Investment Management.
“While the pandemic has created unprecedented cash-flow disruption
for the industry, it is also creating opportunities for selective investors that recognise the potential of quality assets
that stand to benefit from the rebound in business and leisure
travel,” Steve said. “The pieces are all in place for this to happen, such
as pent-up travel demand, combined with strong access to capital
in the region.”
David joins CBRE from Pan
Pacific Hotels Group (PPHG) where he was Chief Investment
Officer, responsible for investment in the international markets.
Prior to PPHG, David was Head of Strategic Development with
M&C REIT Management.
“The speed and extent of
recovery for the sector will look different across markets,” David
said. “In
order to capitalise on the market recovery, hotel owners,
operators and investors will have to optimise their assets and
align services with anticipated demand. The post pandemic
landscape for hotels will likely focus more than ever on aspects
such as driving lifestyle and memorable experiences,
Environmental, Social, and Governance (ESG) alignment,
digitalisation, and ensuring health and safety.”
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