Patel will focus on select service and Mid-Atlantic hotel transactions
JLL Hotels & Hospitality Group announced today Ketan Patel has joined the firm as a Managing Director in the firm’s Washington, D.C. office. Patel will focus on growing JLL’s select service investment sales business, as well as enhancing the firm’s hospitality presence in the Mid-Atlantic region. He reports to Kevin Davis, Americas CEO.
“I am tremendously excited to welcome Ketan to our growing team. He is well-known among our clients as a relentlessly focused, tireless professional who delivers outstanding results. I look forward to working with Ketan to expand our presence in the select service space,” said Davis.
JLL Capital Markets Washington, D.C. Office Heads Andrew Weir and Jamie Leachman added, “Ketan’s presence in our market will significantly strengthen our ability to service local and regional hospitality clients, which is important given the sizable hotel owner and brand community in the greater D.C. region.”
Patel joins JLL with over 20 years of experience in the hospitality industry, 17 of which have been at brokerage firms where he has completed more than 250 transactions across the U.S. He has experience completing single asset and portfolio transactions consisting of both full and select service hotels. Patel graduated from the University of Maryland with a bachelor’s degree in finance.
In addition, Phil White will be joining JLL’s New York office as a Vice President working under Patel. White started his career working in hotel operations before spending four years as an investment banking analyst where he began assisting the brokerage services division. He then transitioned to the client support and transaction division where he analyzed more than 400 properties across the U.S., resulting in the valuation of more than $6 billion and the disposition of assets collectively valued at over $1 billion. White earned a bachelor’s degree in hospitality business with a minor in real estate investment management from Michigan State University.
“Phil and I look forward to continuing to serve our clients with the vast resources available at JLL,” said Patel. “We are happy to have joined such a great team.”
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
