Real estate company CBRE Hotels has expanded its operation with the appointment of a new director in its Sydney-based capital markets team.
Industry expert Ritika Diwan is taking on the role, with the investment and asset management specialist entering the Australian market armed with more than 15 years of experience in the hotels sector in India.
Experienced operator
Diwan has spent the past nine years with SAMHI Hotels, one of the largest institutional hotel real estate platforms in India, with a focus on investment appraisal and valuation, acquisitions and divestments, investment management and asset management across hotels and resorts.
She earlier worked within McKinsey & Company’s business research division, developing recommendations to support clients in their decision-making processes.
Reinforcing advisory services
CBRE Hotels MD Michael Simpson said: “With extensive experience in acquisitions, asset management, financing and divestment for hotels and lodging assets, we’re thrilled to have Ritika as part of our diverse and growing team.
“This appointment will reinforce our ability to provide a market-leading service offering to our clients in the hotels brokerage and advisory sector, where we envisage considerable future opportunities.”
Delivering growth
Diwan herself added: “I’m delighted to be part of the dynamic team at CBRE. With my experience of executing transactions and managing assets in the hospitality industry, I’m looking forward to collaborating with the team here to continue to deliver growth in this exciting space.”
Worldwide, CBRE Group is currently involved in developing at least 28 sites, according to the TOPHOTELPROJECTS database. This includes the 96-room El Nido Beach Spa & Resort Palawan Island in the Philippines, Swissotel Beijing HongKong Macau Center, bringing 430 keys to the Chinese capital, and over in the US, 228-room The Thompson Hotel Detroit Midtown.
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