SINGAPORE, 15 September 2021: JLL Hotels & Hospitality
Group announced Tuesday an expansion of its Asset Management platform in Japan
to serve its growing hotel portfolio.

The Japan asset management business will be led by Nathan
Cook, who brings over 20 years of Japanese hospitality experience to JLL. A New
Zealand national, he joins the firm as head of asset management, Japan, and
will immediately assume his role. Nathan and his team will be supported by the
existing hotel advisory & capital markets team of 12 hotel specialists
based in Tokyo.

Cook joins JLL from InterContinental Hotels Group (IHG) in
Japan, where he has served as cluster general manager, responsible for
properties including The Strings by InterContinental Tokyo and Kimpton Shinjuku
Tokyo.

He will report to Xander Nijnens, head of hotel advisory
& asset management, Asia Pacific, and Takahiro Tsujikawa, head of JLL
Hotels & Hospitality Group, Japan.

The appointment comes as the Japanese hotel sector continues
to attract interest from global investors owing to its longer-term solid
fundamentals. According to JLL, the decision to establish a dedicated Asset
Management and Advisory presence were driven by heightened activity in the
Japanese market and the requirements of many hotels to upgrade facilities and
reposition strategies during and post-pandemic.