CBRE and TRI Hospitality Consulting join forces

UK: Global property giant CBRE has acquired UK hospitality consultant TRI.

TRI Hospitality Consulting has been merged in to CBRE Hotels EMEA, with TRI’s Jonathan Langston and David Bailey set to work alongside Graham Windle and the existing consultancy practice at CBRE.

CBRE says the move will significantly extend its capabilities in professional services, investment advisory, feasibility studies and operational asset management.

Derek Gammage, managing director, CBRE Hotels EMEA, said: “By incorporating TRI’s highly regarded UK consultancy practice into our network, our ability to offer a fully integrated service to clients has been further strengthened. Having enjoyed a close working relationship with TRI for a number of years, this move to acquire the knowledge and expertise of the group is a key step towards offering an improved service to new and existing clients Our ability to strategically expand our hotels business in the current environment reflects the strength of our offering as well as CBRE’s wider commitment to this important sector. I am thrilled to have the team on board.”

Jonathan Langston said: “As a team we are delighted to be joining CBRE Hotels. Both firms have similar cultural values that emphasise exceptional client care. Together, we have a clear ambition for further growth and are well positioned to respond to the dynamics of this fast-moving market. We all look forward to playing a key role in the future success of CBRE Hotels.”

Jonathan Langston is moderating a panel about hotel investment at next week’s Boutique Hotel Summit 2013.

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