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Rathawat Kuvijitrsuwan has joined as senior vp, advisory and asset administration for the division and can be primarily based in Bangkok.
First timer assist
He can be chargeable for advising each home and worldwide shoppers by way of growth advisory, feasibility evaluation, funding methods, operator choice and contract negotiation, and asset administration. JLL feels that having labored throughout all actual property asset courses, he can be effectively positioned to assist shoppers who’re skilled in hospitality or first-time market entrants.
Kuvijitrsuwan assumes this management function as Thailand’s hospitality trade continues to rebound strongly following the covid-19 pandemic. JLL will additional increase its function as market main lodge advisor in Thailand, with a group of 12 lodge sector specialists overlaying each key market in Thailand.
Thought management expertise
Beforehand he was most just lately CBRE’s head of analysis and consulting for Thailand. He held this place for shut to 5 years, throughout which era he was chargeable for advising shoppers on methods and offering thought management throughout all the Thai business property house.
He holds a grasp’s diploma in actual property from Cornell College and a bachelor of science, structure, from Chulalongkorn College.
Funding alternatives
Xander Nijnens, MD, head of advisory and asset administration, Asia Pacific, JLL Motels & Hospitality Group, stated: “Thailand continues to be one of the essential and various lodge markets in Asia and we’re delighted to have Khun Rathawat be a part of us as we proceed to increase our in-market advisory capabilities. Thailand gives a number of the finest value-add and greenfield funding alternatives within the area, underpinned by the fantastic thing about the nation, the welcoming and hospitable nature of the Thai folks, and progressive tourism insurance policies.”
Michael Glancy, nation head for Thailand, JLL, added: “We’re grateful to be working with the main native and world actual property traders in Thailand and Khun Rathawat brings an actual depth of experience throughout all of the sectors. This huge understanding of actual property in Thailand matched by his expertise and fervour for the lodge sector positions us exceptionally effectively to advise shoppers with various portfolios and mixed-use developments.”
Within the southeast Asian area, JLL is presently concerned with lodge tasks together with Marriott Worldwide’s Version Singapore, bringing 204 keys on-line in Q3 2023; and the 322-room Wink Resort Trung Hung Dao in Da Nang, Vietnam, from Vanguard Motels’ Wink Motels model, which can open in Q1 2023.
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