Savills has strengthened its hotels leadership team with the appointment of Mark Durran to Managing Director, Hotel Capital Markets.
Based in Sydney, Durran specialises in the brokerage of major international hotel assets across Australasia and will lead the Hotel Capital Markets team in Australasia.
He previously held senior roles at JLL Hotels and Hospitality Group, Ramada / Renaissance Hotels, Radisson Hotel Group and KPMG.
Durran has personally negotiated more than 140 major hotel and resort transactions across key cities and destinations in Australia, New Zealand and the Pacific, worth in excess of $6 billion in combined value.
Mark has brokered many of Australia’s highest-profile hotel and resort transactions, including five of the last seven major hotel transactions in Sydney’s CBD.
These include Australia’s largest ever single asset hotel transaction to date, the landmark sale of the Hilton Hotel Sydney ($530 million) to BPEA and Sir Stamford Circular Quay Sydney ($212.5 million) to JDH Capital.
“Mark’s experience leading some of the country’s most significant hotel deals, together with the deep owner and developer relationships within the Asia / Pacific region he has built and nurtured over decades in the industry will be an invaluable asset to the team as market momentum builds and transaction volumes across the sector begin increasing with travel now firmly back on the agenda,” said Paul Craig, CEO of Savills Australia and New Zealand.
Durran said hotels had always been core to the Savills brand globally.
“I’m excited to be working alongside both the global and national hotels teams to strengthen that capability here in Australasia as the market opens up and owner and investor confidence grows around the incredible opportunities available in our market,” Durran said.
Savills Hotel has seen steady growth over the past two years, welcoming Nick Lower, State Director – NSW & VIC and Selin Ince, Senior Executive NSW, in 2021; and more recently, Kath Brassington, Associate Director QLD, in 2022.
