Jones Lang LaSalle Hotels announced today the expansion of its select service division with the promotion of Mark H. von Dwingelo to regional senior vice president - Northeast. Mr. von Dwingelo will relocate to New York where he will be responsible for overseeing the select service division’s Northeast practice focusing on hotel capital advisory services and the disposition of hotel assets.
Mr. von Dwingelo’s new role enhances the firm’s commitment to strengthen its growing mid-scale hotel sector and comes on the heels of the firm’s expansion in the Midwest, south-central, and west coast U.S. According to the recently published U. S. Select Service Hotel Investor Survey, both the Northeast and Mid-Atlantic regions ranked in the top five of hotel buyers’ regional preferences. The survey also indicated that more than 52% of the respondents would be actively buying and/or selling during the next six months. Jones Lang LaSalle Hotels launched its foray into the select service market with its acquisition of Atlanta-based ThompsonCalhounFair in June 2005 and has immediate plans to further expand the business into major markets including Miami.
"I look forward to working with the numerous hotel investors in the Northeast to assist them in achieving their disposition and strategic goals,” said von Dwingelo.
Prior to his promotion, Mr. von Dwingelo worked in the Atlanta office of Jones Lang LaSalle Hotels. Mr. von Dwingelo brings a wealth of industry experience to his new position, having held leadership positions with national hospitality advisory/consulting firms including Horwath Landauer, KPMG, Laventhol & Horwath and PKF Consulting. Mr. von Dwingelo has an outstanding track record of client service and practice development with owners of all types of hotels. He graduated magna cum laude from Florida International University with a Bachelor of Science degree in Hospitality Management and has spoken at numerous lodging conferences and hotel associations.
About Jones Lang LaSalle Hotels
Jones Lang LaSalle Hotels, the first and leading global hotel investment services firm, is uniquely positioned to provide both the depth and breadth of advice required by hotel investors and hotel companies, through a robust and integrated local network. In 2006, Jones Lang LaSalle Hotels provided sale and purchase advice on 186 hotel transactions globally; representing a combined value of US$9.3 billion, a total of 43,272 hotel rooms in 78 cities. In addition advisory and valuation services were provided on 589 assignments globally for 136,270 rooms across approximately 280 cities. The global team comprises 187 hotel specialists, operating from 23 offices in 13 countries. The firm’s advice is supported by a dedicated global research team, which produced over 45 publications in 2006 in addition to client research. Jones Lang LaSalle Hotels’ services span the hospitality spectrum, from luxury single assets and large portfolios to select service and budget hotels, resorts and pubs. Their services include investment sales, mergers and acquisitions, capital raising, valuation and appraisal, asset management, strategic planning, operator selection, management contract negotiation, consulting, industry research and project development services. Jones Lang LaSalle Hotels’ clients have access to the resources of its parent company, Jones Lang LaSalle (NYSE: JLL). www.joneslanglasallehotels.com / www.jllhss.com