Andrea Grigg, managing director of JLL's Hotels & Hospitality Group, 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 and 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 multijurisdictional 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,” Perez-Alvarado said. “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 more than 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.
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’s transactions over the last five years total $83 billion worldwide. The group’s 350-strong global team in more than 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.