Managing Director, JLL
Max Thorne leads a dedicated team that sits within the Hotels & Hospitality and Residential teams at JLL.
Max has over 30 years’ experience in property, playing a key role in the serviced apartment sector as it has developed and grown. His past roles include working as Senior Vice President for global serviced apartment company BridgeStreet and being a group member of the board. In 2012 Max created the Aparthotel brand ‘Beyonder for Oaktree Capital Management’s platform, shortly followed by the acquisition of one of the largest UK sector operating companies, SACO.
In 2015 he established his own hospitality consultancy, the MRP Group which provides advice to clients such as The Wellcome Trust, Oaktree Capital Management, PRSInvest, Visit Rentals and MRIB insurance.
As Chairman of the British Hospitality Association Aparthotel Committee, he has also spearheaded action to help the sub-sector gain recognition within the wider hospitality industry. This has included focusing on issues including training to invest in key skills, addressing living wage considerations and VAT in the leisure and tourism sector.
The sector has experienced a large amount of growth over the past few years. Since 2008 investment volumes in the UK alone have steadily increased from £7.3 million to £259 million in 2015. Hotel operated brands have also recently begun expanding into the sector, with examples including InterContinental Hotel Group’s Staybridge Suites concept.