Investments

Jones Lang LaSalle expands Asia team

Bank Of America Investment Jones Lang LaSalle Hotels has appointed Mark Brannigan as Senior Vice President (Asset Management) to spearhead the growth of the groups hotel asset management business in Asia.

Jones Lang LaSalle'' "There is only one office new development due to be completed in central Edinburgh this year and demand for space remains strong."

Investment Opportunity Jones Lang LaSalle Hotels currently provides asset management services to a portfolio of full service, upscale hotels representing more than US$1.5 billion in asset value in Asia Pacific with established teams in Japan, Australia and now in Singapore.

Raminder Grover, Managing Director, Homebay Residential, Jones Lang Lasalle Meghraj says, "Many NRIs in the US and UK are not as confident as before of sanctity of their employment, while others are disturbed by negative economic patterns across developed countries. They see greater potential for India overcoming the current economic setbacks. Sentimental attachment to their country of origin is another reason."

Banc Of America Investment The groups clients include investors such as private equity investment funds, institutional investors, closely-held private and real estate investment partnerships, and hotel owner-operators.

3. Subscriber agrees, as a condition to continued receipt of IBD Alerts Plus and its Content, Subscriber shall not create, sponsor or permit the trading on its exchange facilities, if any, of financial instruments or investment products (including, without limitation, derivatives, structured products, investment funds, traded funds (e.g., options on ETFs or futures on ETFs)) where the price, or performance of such instrument or product is based on, related to, or intended to track, any index published by Dow Jones or financial instrument or investment product (e.g., traded fund) linked to an index published by Dow Jones, without a separate written agreement with Dow Jones for such purpose.

Banking Investment As asset managers we seek to assist hotel owners or investors to realise the full value of their hotel assets through a continuous process of value creation and enhancement. We strive to achieve this by optimising operational, financial and capital efficiencies of the hotel with the ultimate goal of maximising profits and investment returns for the owner and investor, said Brannigan.

This latest investment, 400BCFs, will further expand Cathay Pacifics freighter fleet. Cathay Pacific Chief Executive Philip Chen said, " term commitment to invest in Hong Kong, and is an expression of our confidence in Hong Kong as the premier aviation hub in the Asia Pacific region. Cargo is a major contributor to our continued growth, and we are committed to expanding our freighter fleet to ensure it plays a key role in the future of both Cathay Pacific and Hong Kong as a leading cargo hub."

Investment Solution Strategic He explained, The changes in ownership structure of the hotel industry in recent years have created new challenges for hotel operators and owners. Where the hotel ownership and operational responsibilities are separated, there is strong attention on investment returns on the part of the owner which in turn leaves a smaller margin for error for the operator. As the eyes and ears of the hotel owner, we offer an external perspective to the hotel and act as the bridge between asset owners and operators.

Nationwide, the company will spend $6.2 billion to enhance and expand its Allover network nationwide over the next year. Earlier year, Cingular put into service 22 cell sites improving coverage in Winnebago, Bond, Sangamon, Lake, LaSalle and Cook counties in Illinois and in Columbia, Kenosha, Sheboygan, Walworth and Milwaukee counties in Wisconsin. As part of its 2005 investment, speed third generation (3G) HSDPA( High Speed Downlink Packet Access) 20 major markets this year. The company expects to offer its 3G services in most major markets by the end of 2006.

Investment Banking Services Where the hotel operator also owns the real estate asset, there is a growing emphasis on maximising the asset value in real terms instead of only optimizing the operational performance of the hotel. Traditional hotel operators that also own the hotels realise there is value in focusing on what they do best: managing great hotels and developing extraordinary hotel experiences for their guests. As the asset managers, we concentrate on enhancing the capital value for the asset, added Brannigan.

Bank Investment Globally, Jones Lang LaSalle Hotels currently provides asset management services to a portfolio of hotels with a value of over US$3 billion.

Alternative Investment Brannigan has over 25 years experience in the hospitality industry. Prior to joining Jones Lang LaSalle Hotels, he was an internal asset manager for Australia-based Lend Lease at the Hyatt Regency Coolum and Novotel Twin Waters Resort in Queensland.

Online Investment Services Before this, he worked for InterContinental Hotels Group and SPHC for 16 years in various roles with the last eight years as a General Manager.

Accompany Essential Investment Brannigan will be based in Singapore in his new role.

Investment Company

[ Comment, Edit or Article Submission ]