Appoints industry veteran Chris Ely as Head of Hotels Asset Management, Asia.
CBRE has announced the appointment of Chris Ely as Head of Hotel Asset Management, Asia. Based in Singapore, Mr. Ely will lead CBRE’s Hotel Asset Management and Operator Selection business within the Capital Markets team. His role will involve working with clients to unlock value from hotel and hospitality assets, enhance profitability and align stakeholders behind investment objectives.
Mr. Ely joins an expanding team of hotel industry veterans at CBRE and will be part of the firm’s Asia Pacific Hotels & Hospitality leadership committee.
“As optimism around recovery in the hotels sector builds, we are ramping up our service offering to help hotel and resort owners, investors and operators successfully participate in the future hotel market cycle in Asia Pacific," said Steve Carroll, Head of Hotels and Hospitality, Capital Markets, Asia Pacific “Chris has an invaluable combination of operational expertise and commercial investment experience, having been a seasoned hotelier and asset manager. He joins us at a time when rising vaccination rates and border re-openings in the region are signalling that an economic recovery is on the horizon, creating new opportunities in the hotel sector. On the back of Chris’s appointment, we will continue to aggressively expand our team and service offerings to meet anticipated demand from the market,” Mr. Caroll added.
Mr. Ely has more than 20 years of experience as a hotelier and asset manager. He was most recently Vice President (Business Development and Asset Management) of Next Story Group (NSG), where he was responsible for developing and executing NSG’s regional development plans. He also oversaw the asset management of NSG’s hotel portfolio which comprised assets across Australia and South East Asia including co-working spaces. Prior to that, he held senior managerial positions at JLL, Outrigger Hotels & Resorts, and Jumeirah Group.