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
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.
Image with caption: "Delta Toronto. Disclaimer Note : Not to be reproduced without authorization. Jones Lang LaSalle and Silverbirch (CNW Group/Silverbirch)". Image available at: http://photos.newswire.ca/images/download/20160509_C7946_PHOTO_EN_705913.jpg
For further information: Maggie Nichols, +1 312 228 3837, Maggie.Nichols@am.jll.com; Jessica Martin, +1 312 228 2983, Jessica.Martin@am.jll.com