2 hours ago
- CBRE has appointed Nikhil Shah as senior executive director for hotels and hospitality in India.
- The move comes amid increasing investor interest in India's hospitality industry.
- Shah will oversee transaction execution and advisory services within the sector.
Nikhil Shah has been named CBRE's senior executive director for hotels and hospitality, capital markets, India. In this role, he will focus on executing transactions and providing advisory services in the hospitality sector.
Shah brings extensive experience in banking, private equity, and capital raising, according to a CBRE statement. He will advise clients on investment opportunities and support the expansion of hotel portfolios to meet growing institutional demand.
"Nikhil’s appointment reflects our commitment to growing the hotels and hospitality business across the region," said Anshuman Magazine, CBRE’s chairman and CEO for India, Southeast Asia, Middle East, and Africa. "His expertise will enhance collaboration between our Capital Markets team in India and the broader Hotels team in the APAC region, ensuring seamless execution and client support."
Nikhil Bhatia, CBRE’s managing director and co-head of capital markets, India, described Shah as a recognized leader in hotel investment in India.
"With Shah joining our team, we are well positioned to grow our hotels and hospitality business and expand our capabilities in this sector," he added.
The appointment coincides with rising investor interest in India’s hospitality sector, driven by increased travel demand, higher occupancy rates, and market expansion, the statement noted. CBRE’s leadership aims to support clients in acquisitions, asset repositioning, and capital deployment.
Headquartered in Dallas, CBRE operates in over 100 countries with more than 155,000 employees. In India, the company has a presence in over 100 cities with more than 13,000 professionals, offering real estate advisory and investment services.
In September, CBRE appointed Mona Govahi as director of its national property tax practice in valuation and advisory services in the U.S.
