Luis Arsuaga, the Executive Vice President of the Hotels & Hospitality Group for Spain and Portugal at JLL, has a complex job. It’s one side of the hospitality industry few people think about, but in today’s world, most hotel brands don’t own the properties from which they operate. This “asset light” strategy was born out of the brands realising their core competency lies in operations, not ownership and maintenance of buildings, as Luis explains. So who owns the hotel? Funds are the m... more
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