Ray White Hotels Australia has scored a massive coup by appointing Mark Bullock as Director of Asset Management and Advisory.
The company’s Asia Pacific Director of Hotels, Andrew Jolliffe, made the announcement at the conclusion of the 2016 Australasian Hotel Industry Conference and Exhibition (AHICE), where Ray White was a gold sponsor.
Jolliffe said Bullock’s appointment was a hugely pleasing announcement for the company.
“We’ve been fortunate to attract and retain some particularly impressive talent over the past five years, and Mark’s appointment is further testimony to this enjoyable feature of our market share and human capital growth story,” he said.
Bullock, formerly the Director of Asset Management and Business Development of Government entity IBA (Indigenous Business Australia) Tourism Asset Management Pty Ltd, moves into the Ray White role after four years managing a portfolio of four indigenous tourism accommodation properties located throughout Australia.
“I am thrilled to join Andrew, Tony and their team during such an exciting time in the hotel sector,” Bullock said.
“The Ray White team has had great success over its short life making considerable inroads into the accommodation sector, and I look forward to being an integral part of future successes.”
Jolliffe said he anticipates continued strong market activity across the Asia Pacific region over the next 18 months, and points to some key market receptors as reasons for this viewpoint.
“We find ourselves in a liquid debt market with rates at cyclical lows,” he said. “The Australian Dollar, whilst enjoying some recent augmentation when pegged against the US Dollar, is still attractively priced for both investors and tourism participants alike.
“And Australia remains a comparatively safe harbour and politically stable environment to both travel to and around, as well as invest in.
“As a group we have recently participated in the sale of iconic accommodation properties including Versace on the Gold Coast, Daydream Island in Far North Queensland and Terrigal’s Crowne Plaza.
“We see Mark’s inclusion into the team as another uncommon feature, which is designed to provide valued and new clients with an experienced team enjoying accommodation skills with greater depth and breadth than a traditional offering.
“We see ourselves as a credible alternative to the cookie-cutter approach employed by other firms, and the market response to our more bespoke and deeper knowledge base approach has been rewarding,” Jolliffe said.