In response to the needs of U.S.-based hotel clients for advice in sourcing debt and equity capital to finance acquisition, refinancing, redevelopment and development of hotels, Jones Lang LaSalle Hotels announced the appointment of Jeffrey Davis, executive vice president, to coordinate the growth of the hotel capital raising business in the U.S.

Mr. Davis will be teaming up with Jere Lucey, a managing director with the real estate investment banking (REIB) group for parent firm Jones Lang LaSalle. Together, their team will advise Jones Lang LaSalle Hotels clients on their capital raising needs and provide hotel clients with the joint resources and relationships of Jones Lang LaSalle Hotels and Jones Lang LaSalle’s REIB group in structuring and sourcing hotel capital.
The expanded effort will have an increased focus on providing financing advice to buyers of full service assets being marketed by Jones Lang LaSalle Hotels, accessing debt and equity available today for hotel development, and executing note sale opportunities on hotel assets.  This expanded effort will complement the financing services provided by Jones Lang LaSalle Hotels Select Service Division, run by Adam Furth whose expertise and focus is financing select service assets.   

“Jeff Davis’ new role reinforces our commitment to accessing capital from all sources and to providing creative structures to our clients,” said Arthur Adler, managing director and CEO-Americas of Jones Lang LaSalle Hotels. “Marrying the resources of Jones Lang LaSalle Hotels and our parent firm, Jones Lang LaSalle, will enable us to provide the best advice and service available to our clients in today’s changing market environment.” Over the past three years, the team has raised more than $2.7 billion in debt and equity for hotel clients.

Bart Steinfeld, who heads up Jones Lang LaSalle’s real estate investment banking group commented, “Jeff’s appointment will continue the growth of an industry leading capital raising platform unique in the hospitality industry.  We continue to be in an environment where the structuring advice and execution expertise we provide delivers greater value than ever to our clients.”

Prior to joining Jones Lang LaSalle Hotels, Mr. Davis served as vice president of asset management and business development for Ian Schrager at Morgans Hotel Group.  Mr. Davis gained consulting experience at Arthur Anderson as a national hospitality consultant and corporate finance experience thereafter at Salomon Smith Barney where he completed more than $4 billion of private and publicly traded real estate transactions.  Mr. Davis holds an MBA in real estate finance and strategic planning from the Anderson School at UCLA, and a Bachelor of Science degree from Cornell University’s School of Hotel Administration where he graduated with honors.