JLL retained as exclusive advisor to engage in a review of
strategic options for 25-property hospitality platform
VANCOUVER, May 9, 2016 /CNW/ - JLL today announced that it
has been retained on behalf of SilverBirch Hotels & Resorts to
complete a strategic review that could result in a sale of its
hospitality portfolio. This offering provides investors the
opportunity to own a quality, scalable hospitality real estate
portfolio comprised of upscale full service hotels in Canada's leading cities, as well as premium
select service hotels located in some of Canada's most dynamic markets.
Senior Vice Presidents Mark
Sparrow and Luke Scheer are
leading the JLL team on the transaction, working closely with
Americas CEO of JLL's Hotels & Hospitality Group Arthur Adler and Managing Director Gilda Perez-Alvarado.
"Ownership's attention to strong property operations, asset
management, capital investment and value enhancement initiatives
will allow investors an opportunity to acquire a leading Canadian
hotel platform," said Adler. "The stability of the Canadian market
combined with the global appetite for quality real estate
portfolios will drive local, North American and international
interest."
"Working closely with the JLL team has given us a comprehensive
understanding of the global market, and we're looking forward to
the opportunities this will uncover," said Steve Giblin, President and CEO of SilverBirch
Hotels & Resorts. "During this process, we remain committed to
our properties, employees and guests as we continue to operate our
hotels to the highest level of customer service."
SilverBirch Hotels & Resorts is an award-winning name in
Canadian real estate and is continuously recognized as a leader in
the hospitality space. The portfolio encompasses 25 hotels from
coast to coast across Canada
including full service, focused service and extended stay
properties that operate under well- established global brands, such
as Marriott, Hilton and Radisson.
About SilverBirch Hotels & Resorts
SilverBirch
Hotels & Resorts is one of Canada's leading hotel operations and asset
management companies and manages a large portfolio of full-service,
focused service and extended stay hotels across Canada. The company manages hotels operating
under major franchise brands, such as Marriott, Hilton and
Radisson.
www.silverbirchhotels.com
About JLL
JLL (NYSE: JLL) is a professional services
and investment management firm offering specialized real estate
services to clients seeking increased value by owning, occupying
and investing in real estate. A Fortune 500 company with annual fee
revenue of $5.2 billion and gross
revenue of $6.0 billion, JLL has more
than 280 corporate offices, operates in more than 80 countries and
has a global workforce of more than 60,000. On behalf of its
clients, the firm provides management and real estate outsourcing
services for a property portfolio of 4.0 billion square feet, or
372 million square meters, and completed $138 billion in sales, acquisitions and finance
transactions in 2015. Its investment management business, LaSalle
Investment Management, has $58.3
billion of real estate assets under management. JLL is the
brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated. For further information, visit www.jll.com.
SOURCE Jones Lang LaSalle