Kevin M. Davis named JLL Americas CEO, Hotels & Hospitality

Rhea-AI Summary

JLL has appointed Kevin M. Davis as the Americas CEO of its Hotels & Hospitality division. With over 20 years of experience, he has been instrumental in over $20 billion of hotel financings since joining JLL in 2013. Previously at Merrill Lynch and UBS, he executed transactions exceeding $10 billion in diverse asset classes. This move underscores the significance of JLL's Capital Markets business. Additionally, Jeffrey Davis will spearhead new business development for Hotels & Hospitality, driving further growth in this sector.

Positive

• Appointment of Kevin M. Davis as Americas CEO of Hotels & Hospitality, enhancing leadership quality.
• Kevin Davis brings substantial industry expertise with over $20 billion in hotel financing.
• JLL has completed transactions worth $83 billion in the last five years, indicating strong market presence.
• Focus on expanding Capital Markets product offerings for hospitality clients.

Negative

• None.

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- JLL announced today that Senior Managing Director Kevin M. Davis has been named Americas CEO of its Hotels & Hospitality division. Kevin Davis, who leads JLL's Hotel Investment Banking group, brings over 20 years of hospitality and capital markets experience to the role. Since joining JLL in 2013, he has been involved in more than $20 billion of hotel debt and equity financings.

With a deep background in capital markets, he spent 13 years prior to JLL working in the commercial real estate groups at Merrill Lynch and UBS, in addition to co-founding a debt fund business following the Financial Crisis. In these prior roles, he executed over $10 billion of transactions in hospitality, multi-housing, retail, office and industrial assets. Previously, he worked as an attorney on Capitol Hill, where he served as a policy advisor to members of the House and Senate Banking Committees.  Widely recognized in the hospitality industry, Kevin Davis won the 2019 Jack A. Shaffer Financial Advisor of the Year Award at the American Lodging Investment Summit, which honors industry leaders that showcase outstanding ability to foster client relationships and close deals that benefit both parties in a transaction.

This appointment underscores the growing importance to JLL of its Capital Markets business and reinforces JLL's commitment to be the world's most strategic, creative and connected real estate capital advisor.

"Having the ability to think holistically about a situation and provide advice that contemplates all potential paths to maximize value for our clients is key to maintaining our competitive advantage. Kevin brings a deep understanding of the entire capital structure and has been involved in every aspect of our business, including sales, financings, joint venture equity placement, restructurings, recapitalizations, loan sales and UCC foreclosures," said Hotels & Hospitality Global CEO Gilda Perez-Alvarado.

"In a world where real estate investment is becoming more complex and lines are being blurred across asset classes, we recognize the importance of having a broader Capital Markets product offering for our hospitality clients," added Capital Markets Americas CEO Mark Gibson.

Furthermore, to support the group's national growth strategy, Jeffrey Davis, a Senior Managing Director, will now, in addition to his current role as Co-Head of U.S. Investment Sales Advisory, oversee new business development for Hotels & Hospitality in the U.S., with a particular focus on deepening engagement and connectivity with our largest institutional clients.

"Jeff is one of the best-known and well-respected transaction advisors in the U.S. His track record in developing client relationships, closing deals and his  knowledge across all of the services offered on our national platform make him the perfect fit to grow all aspects of JLL's new business development in the U.S." added Perez-Alvarado. "I'm tremendously excited about these key leadership appointments as we look to aggressively grow our business and build on our culture of collaboration, connectivity and innovation."

JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group's 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

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Contact: Kristen Murphy, JLL Senior Manager, Public Relations
Phone: +1 617 848 1572
Email:  Kristen.Murphy@am.jll.com

 

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SOURCE JLL

FAQ

Who is the new CEO of JLL's Hotels & Hospitality division?

Kevin M. Davis has been appointed as the Americas CEO of JLL's Hotels & Hospitality division.

What experience does Kevin M. Davis bring to JLL?

Kevin M. Davis brings over 20 years of experience and has been involved in over $20 billion of hotel debt and equity financings.

How much has JLL's Hotels & Hospitality Group transacted in the past five years?

JLL's Hotels & Hospitality Group has completed transactions totaling $83 billion worldwide in the last five years.

What role will Jeffrey Davis take on at JLL?

Jeffrey Davis will oversee new business development for Hotels & Hospitality in the U.S., in addition to his current role.