CHICAGO—JLL has closed on the acquisition of LodgeTax, a move intended to boost its  hospitality platform by allowing the company to provide real estate tax consulting services to clients across the US. LodgeTax's co-founders, Louis Breeding and David Calverley, havejoined JLL's Hotels & Hospitality Group as EVPs.

“Joining JLL allows us to provide a broader scope of services to our clients within a platform that is complementary to ours in terms of offerings and culture,” Breeding said when the deal was announced on July 1. “JLL already provides services to many of our clients and now their hospitality needs will be met by one team under one roof.”

Arthur Adler, Americas CEO of JLL's Hotels & Hospitality Group, pointed out earlier this month that  "Real estate taxes are a very large single expense item for hotels. This acquisition will allow JLL to offer our clients a comprehensive and customized approach to managing their real estate property tax needs; bolstering our asset management, buy-side due diligence capabilities; and working with both buyers and sellers of hotels since a transaction often results in potential changes in real estate taxes.”

Breeding and Calverley each have more than 25 years of experience in the property tax industry. Since founding LodgeTax as GSI/LodgeTax in 2000, Breeding has overseen the company's hospitality appeal assignments in the US, while Calverley has focused on the real estate tax administration side.