CBRE is upgrading its Asia Pacific Hotels & Hospitality team, with the appointment of Steve Carroll and David Ling to senior positions.
Carroll will join CBRE as Head of Hotels & Hospitality and Ling as Managing Director, Hotels & Hospitality.
“We are excited to welcome Steve and David as we expand our global service offering and leverage existing teams to provide a full suite of hotel capabilities for our clients across Asia Pacific,” said Greg Hyland, head of capital markets for CBRE, Asia Pacific.
Both Carroll and Ling are based in Singapore and will bring extensive experience to their new positions.
“They come with a well-rounded view of the hotel industry and a deep understanding of what global hotel owners, operators and investors look for while navigating a post-Covid recovery,” added Hyland.
“The new realities created by the pandemic mean that clients will be best served with a comprehensive Hotels offering that includes investment, divestment, M&A, capital raising, debt, asset management and strategic advisory expertise.”
Carroll is coming from his most recent role as senior vice president of global corporate finance and strategy at IHG, where he also worked as global head of M&A. Prior to his time at IHG, Carroll was at LaSalle Investment Management.
“While the pandemic has created unprecedented cash-flow disruption for the industry, it is also creating opportunities for selective investors that recognise the potential of quality assets that stand to benefit from the rebound in business and leisure travel. The pieces are all in place for this to happen, such as pent-up travel demand, combined with strong access to capital in the region,” added Carroll.
Ling will leave his position as CIO at Pan Pacific Hotels Group, prior to which he served as head of strategic development at M&C REIT Management.
“The speed and extent of recovery for the sector will look different across markets. In order to capitalise on the market recovery, hotel owners, operators and investors will have to optimise their assets and align services with anticipated demand,” said Ling.
In it’s most recent additions, CBRE recently bulked up its Sydney office leasing business, appointing Chris Hanley as director of CBD leasing, while also appointing Pip Doogan as the group’s head of occupier services in Canberra,
“The post-pandemic landscape for hotels will likely focus more than ever on aspects such as driving lifestyle and memorable experiences, Environmental, Social, and Governance (ESG) alignment, digitalisation, and ensuring health and safety,” added Ling.
