SINGAPORE - Tony Ryan, an industry specialist with 30 years' experience providing commercial and legal services to the hotel and hospitality industry in Asia Pacific, is joining JLL.
In a newly created role, Mr Ryan will be the global head of Mergers & Acquisitions for the firm's Hotels & Hospitality Group. He will report to Mark Wynne Smith, Global CEO, JLL Hotels & Hospitality Group and be based in Singapore.
Starting in December 2015, Mr Ryan will provide hospitality industry clients with strategic advice on growing their local and international businesses through corporate and portfolio acquisitions, capital sourcing, joint ventures, business restructuring and cross border transactions.
"With Tony joining, we now have an even stronger team to service our clients in Asia Pacific and beyond. We are confident that our existing deep knowledge base, combined with Tony's stellar expertise and network, will give us the most compelling hotels M&A offering in the market."
Scott Hetherington, CEO Asia, JLL Hotels & Hospitality Group, says: "We are delighted to be bringing Tony into the business. He will be a huge asset to JLL as he has a skill set that is complementary to our current team in Asia Pacific. With him on board, we expect to grow the M&A part of our business to meet the demands of our current clients and of the market in general."
Mark Wynne-Smith says: "Hotel operators around the world have an increasing appetite for M&A deals, focused on acquiring smaller hotel groups to absorb within their current brands. In particular, many want to grow their exposure to Asia and we see significant potential in the region."
Since 2012, several big name hotel brands have bought operators with between 5,000 and 15,000 rooms. Marriott, for example, has acquired Gaylord Hotels, Protea Hospitality Group and Delta Hotels and Resorts, all of which fit this profile.
By consolidating, the major operators have a chance to gain scale quickly, penetrate markets with high entry barriers, and compete more effectively with online travel agencies. As a result, they are looking for specialist consultancy from real estate advisors such as JLL.
Over the years, Mr Ryan has been involved in a number of significant hotel deals in the region, handling transactions for companies such as IHG, Hyatt, CDL Hospitality REIT and Host Hotels & Resorts, the largest lodging Real Estate Investment Trust in the USA.
From 2004 to 2015, Mr Ryan ran his own hospitality-focused legal firm in Sydney and Singapore, Ryan Lawyers. Prior to that, he was a partner at Blake Dawson (now known as Ashurst) where he established Australia's first integrated tourism and hospitality legal practice.
He holds a Bachelor of Laws from the University of Sydney and was admitted as a lawyer in New South Wales in 1984. He graduated from the Advanced Management Program at the Hotel School, Cornell University, New York, USA in 1999.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with over 30,000 employees operating in 80 offices in 16 countries across the region. The firm was named 'Best Property Consultancy' in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.jll.com/asiapacific
Bee Lin Ang
Email: [email protected]