CBRE Hotels has established a joint venture with CBRE Switzerland to create the country’s first international hotel real estate advisor.

The new venture, CBRE Hotels Switzerland, will be led by Arnaud Andrieu, with support from CBRE Switzerland and CBRE Hotels London, headquarters of CBRE Hotels EMEA.

The company will provide brokerage, valuation, asset management and consultancy services to Swiss hotel owners, operators and investors through a team of specialists based in Geneva and Zurich.

In a statement, CBRE Hotels said that the move “bolsters the group’s capabilities across Europe and allows the quick and seamless response to cross-border, cross-regional and global assignments”.

Derek Gammage, managing director of CBRE Hotels EMEA, added: “Switzerland and the surrounding regions is enjoying a strong and sustainable hotel market and by establishing a local presence in this area we can identify investment opportunities for our existing clients as well as establishing new relationships with those already on the ground.”