Read recommended article: Ritz-Carlton Residences became the Highest Profitable Resale Transaction
Noel Neo has been appointed head of Singapore’s mid-markets by JLL Hotels & Hospitality Group on Nov 8, in an effort to provide better service to clients who are looking to expand their investments in this sector.
Neo will be responsible for the investment sales, leasing, and operator selection of midmarket Singapore hospitality assets. He will also maintain and grow a network of operators, investors, and owners of hospitality assets. Additionally, he will assist in the execution and fulfillment advisory mandates to help facilitate growth in this sector.
Neo will report to Nihat Ercan (the group’s head for investment Sales, Asia Pacific), and will work with a wider team of professionals in Singapore as well as regionally.
Ercan says, “Investors are more likely to access diverse capital pools that can be used for localized assets. This is reflected in brewing interest in mid-market segments in gateway locations and acceleration of newer hospitality themes like co-living.”
“We are delighted to welcome Noel into the team during a time when Singapore’s hospitality market is recovering from the pandemic. He adds that his unique combination of international and local investor networks, and deep understanding of Singapore’s hospitality market will be a benefit to our clients.”
Neo founded K Hotel Group, which built a portfolio consisting of 13 properties in Singapore over a period of two years. He was also responsible for regional research at the Asia Pacific Real Estate Association and investor interface, and managed asset management and investment in Southeast Asia at Pacific Star Holdings.