US hotel brokerage MK forms Indian arm
The Washington-based hotel real estate brokerage, advisory and capital markets firm Molinaro Koger (MK) has launched its Indian arm Molinaro Koger Hotels India.
By URVASHI JHA, TNN |
BANGALORE: The Washington-based hotel real estate brokerage, advisory and capital markets firm Molinaro Koger (MK) has launched its Indian arm Molinaro Koger Hotels India.
The wholly-owned subsidiary will provide hotel developers services ranging from project development and contract negotiations to financing, asset and portfolio management, brokerage and asset investment sales.
With the booming hospitality industry, the hotel real estate consultancy services space in India has been witnessing increased action. Cushman & Wakefield Asia Pacific has just launched its hospitality vertical to offer integrated real estate services in the hospitality and leisure sector in India and abroad. Similarly, Jones Lang LaSalle (JLL) is also evaluating a dedicated vertical to cater to the hospitality sector globally.
“Globally, the function of institutional intermediaries like MK Hotels, Cushman & Wakefield and JLL has grown. Similarly, in India too, the role of institutional brokerage firms will increase significantly in the long run,” said MK India MD Abhijit Beej Das.
The wholly-owned subsidiary will provide hotel developers services ranging from project development and contract negotiations to financing, asset and portfolio management, brokerage and asset investment sales.
With the booming hospitality industry, the hotel real estate consultancy services space in India has been witnessing increased action. Cushman & Wakefield Asia Pacific has just launched its hospitality vertical to offer integrated real estate services in the hospitality and leisure sector in India and abroad. Similarly, Jones Lang LaSalle (JLL) is also evaluating a dedicated vertical to cater to the hospitality sector globally.
“Globally, the function of institutional intermediaries like MK Hotels, Cushman & Wakefield and JLL has grown. Similarly, in India too, the role of institutional brokerage firms will increase significantly in the long run,” said MK India MD Abhijit Beej Das.
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