Global real estate firm Jones Lang LaSalle (JLL) quit its role as financial adviser on the partial sale of the Roosevelt Hotel in New York City on July 24, 2025. The decision was made to avoid a client conflict of interest.
The Roosevelt Hotel is owned by Pakistan International Airlines, which is in the process of selling a minority stake and seeking a redevelopment partner as part of a privatization program. JLL's withdrawal from this advisory role highlights its commitment to maintaining ethical standards.
While exiting a significant transaction, this move reinforces JLL's reputation for integrity in the commercial real estate and investment management industry. The company prioritizes avoiding conflicts to ensure unbiased service to its clients.
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