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ATLANTA-In an effort to expand its advisory and asset management business, Chicago-based Jones Lang LaSalle has hired Clay Dickinson as executive vice president of its hotel advisory service. Dickinson will be based in Atlanta and will run advisory deals for both the full service and select service sides of the business.

“Jones Lang LaSalle Hotels is making a strong push to expand our advisory and asset management business,” Arthur Adler, Jones Lang LaSalle Hotels CEO and managing director-Americas, stated in a press release. “The hire of Clay Dickinson in our Atlanta office puts a senior level advisory team member in all seven of our US offices, which include New York, Miami, Chicago, Washington, Los Angeles and San Francisco.”

Dickinson tells GlobeSt.com that he believes there is an opportunity to grow advisory services due to several factors in the marketplace, namely economic uncertainty in the wake of recent changes in the capital markets and stock market. “When there is uncertainty in the market, there tends to be a flight to quality with respect to advisory services,” he says.

Furthermore, he says the hospitality industry has become increasingly global, with operators and investors routinely entering unfamiliar markets. “It’s a unique confluence of events that will increase the need for advisory services,” Dickinson says.

Dickinson has more than 20 years experience, including advising on over $8 billion of hospitality industry transactions, producing expansion plans for global hospitality companies, valuing international property portfolios and assessing the market and financial viability of projects around the world.

Prior to joining Jones Lang LaSalle Hotels, Dickinson spent 16 years in the industry as southeast managing partner of KPMG’s National Real Estate and Hospitality Consulting practice and as a regional vice president with the former Holiday Inn Worldwide. His experience also includes an understanding of the strategic use of information technology.

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