Jaideep Dang takes over as Managing Director of Hotels practice at JLL
Real estate consultancy JLL has made yet another appointment to its senior ranks, this time in the form of Jaideep Dang as the new Managing Director of its Hotels & Hospitality Business. Dang will be based out of the firm’s Gurugram office, and will focus on increasing JLL’s collaborative activity.
India’s hotels & hospitality sector has been registering substantial growth in recent times, primarily as a consequence of targeted government initiatives and a booming tourism sector. Last year, two-thirds of India’s hotels recorded their highest occupancy rates in more than a decade, a trend that has continued into this year.
A booming hotel industry brings with it a steady demand for more real estate – a scenario that property consultancy JLL India is now looking to capitalise upon. To this end, the firm has now appointed Jaideep Dang as the Managing Director of its Hotels & Hospitality practice.
Dang holds a bachelors in Architecture and has been involved in the property and real estate sector throughout his career. He began at India Property Research, where he spent four years and ascended to the position of Senior Analyst. Dang first joined JLL in 2006 as an Assistant Vice President for the firm’s Strategic Business division.
He spent five years at JLL, eventually ascending to the position of Vice President, following which he joined the prestigious Oberoi Group of hotels. At Oberoi, Dang began as the Vice President and was eventually promoted to the position of Senior Vice President late last year.
Dang will work out of the Gurugram office and will focus on nurturing existing strategic partnerships and building new ones across the domestic and international markets. This is the latest in a series of senior appointments made by JLL to its senior ranks since the start of this year.
Commenting on his appointment, CEO and Country Head at JLL India Ramesh Nair said, “With his ability to develop and nurture long standing relationships with Indian and international hotel chains, developers and investors, Jaideep’s return to the JLL India fold provides us with a significant advantage in taking our hospitality business to the next level.”
Dang himself added, “The hotels sector in India is experiencing healthy growth on the back of increased foreign tourist arrivals and growing domestic demand. Average rooms rates as well as occupancy ratios across all hotel segments has witnessed upward movement in all key business and leisure markets in India. The timing could not have been better for investors to explore opportunities to buy existing and under construction hotel assets, both in business as well as leisure segments.”
