AND FINALLY

JLL grows hotels team

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JLL is again boosting its national hotels and hospitality team, with the appointment of Mark Walsh, as pubs across the country continue to rake in exceptional results.

Walsh will take on the role of Vice President at the JLL Hotels & Hospitality Group, Brisbane office.

Walsh has experience across a series of executive and management positions with hotel and hospitality stakeholders, including three years at Spirit Hotels as state manager overlooking a portfolio of 40 hotels, as well as three years as state operations manager at ALH Group.

“Mark’s experience in the sector is quite exemplary and we are so excited to see how his asset class knowledge will translate to real value delivery for JLL clients throughout Queensland,” said John Musca, managing director, JLL Hotels, Pubs.

Walsh also has experience in senior executive and operating roles internationally at Delaware North, Federal Hotel Groups and Regent Inns Walkabout Pub Group, as well as working as a hotel broker at CRE Brokers back in Brisbane.

“The hotel investment market has grown to be a sophisticated and high value transaction sector and there simply is no peer to Mark in Queensland for hotel business knowledge, so this presents as a real opportunity for industry stakeholders to tap into his skills and relationships for benefit their outcomes,” added Musca.

JLL Hotels & Hospitality Group alone have accumulated more than $1 billion in hotel transactions over 2021, amid an active and profitable broader pub market.

Recent transactions across the country’s bustling pub market have included the 170-year-old Imperial Hotel in Maitland to Newcastle-based hospitality management firm Hunt Hospitality, the off-market sale of Thunderbolts Inn more than $3 million to Roche Group, with the same group buying the Royal Hotel in Armidale for more than $5 million and publican Ned Kelly’s circa $9 million deal to acquire the Tattersalls Hotel in Casino.

“There is huge scope for Queensland hotel owners to tap into this growing weight of capital nationally attracted to the pub asset class, and to benefit from this momentum with the right guidance, I am thrilled to become a part of the market leading JLL platform to provide further access for Queensland owners,” said Walsh.

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