Jones Lang LaSalle Hotels Announces New Appointments in Singapore and Tokyo

Singapore, September 16, 2002 – Jones Lang LaSalle Hotels today announced new appointments in its Asian operations.

Ms Chee Hok Yean, former National Director and Head of Jones Lang LaSalle Valuation Advisory Services in Singapore, will be transferring to Jones Lang LaSalle Hotels to assume the role of Senior Vice President in its Asian Corporate Advisory team. The new appointment will take effect from October 1, 2002.

Ms Chee Hok Yean brings over 16 years of valuation experience in the Singapore and wider Asia market to Jones Lang LaSalle Hotels.

Jones Lang LaSalle Hotels also announced the addition of Mr Atsushi Murai to its Asian operations and the promotion of Mr David Ling to head the Asia Corporate Advisory team. These new additions and promotion will reinforce the group’s position as a global hotel specialist and a market leader in the Asian hospitality brokerage advisory business.

“Given the number of mixed used developments in the marketplace, Hok Yean’s knowledge of the general local property market and her established relationships with the industry’s players will be invaluable,” says Mr Scott Hetherington, Executive Vice President, Asia of Jones Lang LaSalle Hotels. “She will also concentrate on the emerging serviced apartment market in Asia where her background in the residential sector will serve to be extremely beneficial.”

In Tokyo, the appointment of Mr Atsushi Murai as Associate further strengthens the team, which has become a strategic practice for the group in the most sought-after destination in North Asia for many hotel investors.

“Tokyo is a growing market for us with many redevelopment projects comprising a hotel component. In addition, restructuring services on debt/equity of the existing hotel investments is Jones Lang LaSalle Hotels Announces New Appointments
increasing, and Atsushi’s addition to our Tokyo team will strengthen our capability in this area,” continued Mr Hetherington.

Most recently, Mr Murai was employed at Tohmatsu Consulting Co. Ltd, a member firm of Deloitte Douche Tohmatsu where he was responsible for consultancies on business process analysis. Mr Murai has a Bachelor degree in Arts in Hospitality Management from Michigan State University, USA.

In his new role, Mr David Ling will oversee the Asian Corporate Advisory practice, which includes hotel, resort, golf and service apartment valuations and consultancy projects throughout Asia, including the Indian sub-continent.

Mr Ling has been with the firm for over ten years and joined the Hotels division in 1998. Since then, he has been actively involved in hotel and resort property transactions and providing valuation advisory services to clients. Prior to this, he was with the International Investment Sales division responsible for exporting of Asian capital to overseas markets including Australia, North America and Europe.

“Together, these changes will strengthen Jones Lang LaSalle Hotel’s global leadership in providing specialist hotel advisory and investment services to our clients. This enlarged specialist practice will offer tremendous benefits to the global Jones Lang LaSalle Group in terms of added value to many of our existing global and regional clients, ” adds Mr Hetherington.