CBRE Hotels has bolstered its Valuation & Advisory Services team with the appointment of former JLL Hotels executive Troy Craig.
Mr Craig brings over 25 years’ experience in hotel and hospitality market and was previously managing director of the strategic advisory division of JLL’s hotels and hospitality group.
He has been appointed as Regional Director to lead the CBRE Hotels’ Valuation & Advisory Services team in Australia and New Zealand.
CBRE Hotels’ Executive Director Robert McIntosh said; “We are delighted to welcome Troy to CBRE Hotels. An acknowledged leader in hotel advisory work and valuations in the region, with a great depth of experience, Troy will add a new dimension to our already strong and growing team of 30 professionals across the Pacific, reinforcing our position in the market and our commitment to providing a leading service offering to our clients.”
Mr Craig said the opportunity to join the region’s largest and most diversified team of hotel and hospitality real estate specialists had been a key draw card.
“I’m relishing the prospect of working closely with this team to grow our market presence. Our continued focus will be to work closely with our clients as aligned business partners, delivering seamless and innovative services to enhance the service excellence that CBRE Hotels is well known for,” Mr Craig said.
He noted that hotel markets across Pacific were fundamentally sound with strong investor appetite and a positive outlook in terms of tourism demand.
“There are also emerging challenges that require the keen eye of experienced specialists to determine exactly what these competing forces mean as we move into the next decade,” Mr Craig said.
“As the region’s largest and most diverse team, with offices in Sydney, Melbourne, Brisbane, Perth and Auckland, CBRE Hotels is best positioned to assist our clients in navigating a successful path through these competing market forces.”