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News release

Toronto

JLL’s Hotels & Hospitality Group Expands into Canada

Veteran hospitality experts Mark Sparrow and Luke Scheer join the firm


TORONTO, April 15, 2015 – To tap into growing interest from investors within and outside of Canada eager to penetrate the country's high barrier-to-entry hotel market, JLL today announced the firm is expanding its Hotels & Hospitality presence with the addition of Senior Vice Presidents Mark Sparrow and Luke Scheer. Sparrow and Scheer, who bring more than 20 years of experience in the hospitality industry, will be based in the firm's Toronto office.

"During the past several years we have made a strategic effort to hire the market's leading talent, bolstering our platform with Canada's best and brightest," said Brett Miller, President of JLL Canada. "Mark and Luke are two of the dominant hotel investment sales experts in the country. We fully expect them to embrace our well-established global hotels & hospitality platform and create new avenues for our clients." 

Sparrow and Scheer previously held positions with a global real estate firm where combined they were involved in more than 75 hotel transactions worth in excess of $2 billion including high-profile transactions across the country.  

"Canadian investors are some of the most prolific commercial real estate investors in the world and also some of the savviest.  Further, international investors are taking a closer look at Canada given its growing economy and robust lodging industry fundamentals. We have been seeking an entry into Canada's hotel market and Mark and Luke are a perfect fit for JLL," added Arthur Adler, Managing Director and CEO, Americas for JLL's Hotels and Hospitality Group.  "They have proven industry experience, excellent relationships and are a natural extension of our already strong Americas and global hotel transactions team.  

Sparrow and Scheer formerly worked as regional directors for Western Canada and Eastern Canada respectively, where they gained extensive knowledge of the disposition of assets. Sparrow, who graduated from Ryerson University's Hospitality & Tourism Management program, has spoken at numerous industry events such as the Canadian Hotel Investment Conference, Western Canadian Hotel & Resort Investment Conference, IHG Owners conference and Ryerson University. Scheer, who has worked for real estate firms as well as real estate investment trusts (REITs), offers a wealth of knowledge across hotel and resort assets throughout Canada. 

JLL's Hotels & Hospitality Group serves as the hospitality industry's global leader in real estate services for luxury, upscale, select service and budget hotels; timeshare and fractional ownership properties; convention centers; mixed-use developments and other hospitality properties. The team partners with investors and owner/operators to support and shape investment strategies that deliver maximum value throughout the entire lifecycle of an asset. In Canada, JLL is the fastest growing commercial real estate firm. In addition to working with the hospitality industry, the firm offers tenant and landlord representation, project and development services, investment sales, advisory and appraisal services, debt capital markets and integrated facilities management services to owners and tenants in Canada. 


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. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 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.