Robert Khodadadian In The News Jeffrey Davis Departs JLL for Eastdil Secured’s Hospitality Group
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The longtime head of JLL’s hotel investment sales platform, Jeffrey Davis, has departed for a similar role at Eastdil Secured, Commercial Observer has learned.
Davis, who was head of the U.S. hotels investment sales capital markets team at JLL for 18 years, will be joining Eastdil as a managing director, the brokerage announced Wednesday. He will help lead the firm’s global hospitality group focusing heavily on the Eastern U.S.
“Lodging continues to be a favored asset class globally and we have seen a dramatic increase in capital allocations across the sector,” Louis Stervinou, managing director at Eastdil Secured and one of the firm’s global hospitality leaders, said in a statement. “This strategic hire has a multiplier effect that will only enhance our ability to service our clients in this unique and important sector of the commercial real estate markets.”
Davis will lead Eastdil’s East Coast hospitality practice alongside Scott Ellman, Alyssa Kidd and Ian Banger while also working closely with Stervinou, Patrick Deming, John Bourret and Giorgio Manenti. In 2022, the firm completed more than $18 billion of hospitality and lodging-related sales, joint ventures, financings and mergers & acquisitions-related transactions globally, according to Eastdil.
At JLL, Davis was responsible for overseeing all full-service hotel investment sales in the Americas. He transacted and advised on more than $50 billion of transactions during his tenure there, including the $835 million sale of the Diplomat Beach Resort in Hollywood, Fla. in February that marked one of the biggest hospitality deals since the onset of the pandemic.
Prior to joining JLL in 2005, Davis was vice president of asset management and business development for Ian Schrager at Morgans Hotel Group. He also previously worked as an investment banker at Salomon Smith Barney.
An alum of Cornell University’s School of Hotel Administration, Davis also holds an master of business administration in real estate finance and strategic planning from the Anderson School at UCLA.
The move from JLL to Eastdil by Davis marks the latest in a string of brokerage veterans who have left for competitors this year. Adam Spies and Doug Harmon, who led investment sales at Cushman & Wakefield, departed for Newmark whileColliers tapped Ken Manke from CBRE to lead its tenants services platform.
Representatives for JLL did not immediately return a request for comment.
Andrew Cien can be reached at acoen@commercialobserver.com.
Commercial Observer Channel, Finance, Jeffrey Davis, Louis Stervinou, National, Eastdil Secured, JLL The longtime head of JLL’s hotel investment sales platform, Jeffrey Davis, has departed for a similar role at Eastdil Secured, Commercial Observer has learned. Davis, who was head of the U.S. hotels investment sales capital markets team at JLL for 18 years, will be joining Eastdil as a managing director, the brokerage announced Wednesday. He
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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The longtime head of JLL’s hotel investment sales platform, Jeffrey Davis, has departed for a similar role at Eastdil Secured, Commercial Observer has learned. Davis, who was head of the U.S. hotels investment sales capital markets team at JLL for 18 years, will be joining Eastdil as a managing director, the brokerage announced Wednesday. He
Facebook signs out of Midtown South – Robert Khodadadian
Facebook signs out of Midtown South – Robert Khodadadian
Facebook is ditching one of its earlier Manhattan office spaces in another sign that Big Tech’s appetite for real estate is not as all-consuming as it was a few years ago. The company, now known as Meta, terminated its lease at 225 Park Avenue South, where it occupied more than 200,000 square feet, a spokesperson confirmed to The Real Deal. After leasing more than 2 million square feet at Hudson Yards and the Farley Post