CBRE's EMEA Hotels and Capital Advisors Establish a New Hotels Corporate Finance Team

Philip Cropper and Ian Corfield to Lead New Initiative

​London, 25 January 2015 – CBRE’s EMEA Hotels and Capital Advisors teams have created a new corporate finance initiative, focused on the hotels sector.

Philip Cropper, Vice-Chairman, EMEA Hotels and Ian Corfield, Head of Corporate Finance, EMEA Hotels, will lead the initiative which will advise clients on equity and debt funding, M&A and restructuring across the hotel real estate industry.

Philip joined CBRE in 1985, working in the Valuation, Central London and Investment Consulting teams.  He established CBRE’s UK Real Estate Finance (now Capital Advisors) division in 2005, of which he was Chairman.  In his new role Philip will predominantly concentrate on the further growth of CBRE’s Hotels business with a particular focus on strategic advisory work and innovative solutions specifically for European institutional clients.  

Ian comes to CBRE Hotels with more than 25 years of experience, having previously been Partner at Grant Thornton LLP prior to which he was a director at KPMG UK.  He has advised both borrowers and sponsors alike on the raising, refinancing and restructuring of capital structures across the economic lifecycle.

Commenting on the new initiative, Philip Cropper, Vice Chairman, EMEA Hotels, said:

“The hotels sector has grown exponentially over the last few years, and what was previously seen as an alternative real estate asset has become far more m​ainstream.  As a result there are now a swathe of both new investors and lenders taking an active interest in the sector.  We know our clients are increasingly looking for advice at a strategic level that can help not only build on their hotel portfolios across the region, but also derive enhanced value out of them.”  

Richard Dakin, Managing Director of Capital Advisors added:

 “The combination of CBRE Hotels’ sector expertise and Capital Advisors’ Corporate Finance capabilities, incorporating Strategic Advisory, Equity Placement and Debt and Structured Finance, is a compelling proposition; one that is focused on our clients’ objectives with a comprehensive advisory and transactional service offering.” 

Keith Lindsay, Managing Director of EMEA Hotels, commented:

"CBRE Hotels has been able to attract top talent such as Ian and Philip and significantly grow its business because we look at our clients in a different way. We own our clients’ challenges. For each client we can mobilise a deeper and broader skill set and experience to make their investments more successful. And given that we do this seamlessly across 11 offices throughout EMEA and globally, our clients want to keep working with us. No surprise that we get the best people in the business."

Philip and Ian will work alongside Derek Gammage, Chairman and Keith Lindsay, Managing Director in the EMEA Hotels team and in close collaboration with CBRE’s Capital Advisors business.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com