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Meet Our Experts: Greg Condon – an enterprising valuer who wanders the world on the job

Greg Condon, Colliers expert, Hospitality and leisure services

Not many people can confidently say that they have truly travelled the world – while on a job! Greg Condon, Associate Director of Hotels & Leisure for Colliers in Asia, must be one of them. A real estate consultant with more than 15 years of industry experience, specialising in the area of hotels and leisure, Greg tells us why he loves his job and why Colliers is the place to be in the new chapter of his career.


On certain assignments, living the high life is, incidentally, a perk of the job for Greg in his role as an advisor for hospitality real estate assets across the globe.

“On occasion I have had the chance to stay in some very luxurious hotels on my assignments over the years,” says Greg, who unabashedly professes that wanderlust is one of the key reasons why he became a hotels and leisure valuation specialist, “which is in part a reward for the hours of report writing and all those other projects that involve much more ‘modest’ accommodation, to put it kindly.” 

Luxury hotel 1

 
More than just the excitement of travel

It was, however, not a straight ticket to this role for Greg who hails from Melbourne, Australia. He began his career training with valuers from a global real estate consultancy before moving to London in 2004 to assume a valuations role with BNP Paribas Real Estate on major nationwide property portfolios for institutional investors.

After eight years in the U.K., he relocated to Bangkok, Thailand and started a new chapter in his career with a global real estate consultancy’s hotels division, where he led a team of hotel valuation and advisory professionals to serve regional clients, mostly based in Thailand. After six years, the opportunity arose to expand the scope of his responsibilities as Head of Hotel Valuations for Southeast Asia for another property consultancy, before realising his long-held ambition of relocating to Singapore in late-2020 and joining Colliers in September.

Valuation 1

“I have always had a desire for travel and exploration, and so linking hospitality with my fundamental knowledge of real estate and finance in a career combines my interests. While I battle with the more complicated calculations at times, I truly enjoy learning about a property or a market and conveying that knowledge to my clients,” opines Greg, who holds a Bachelor of Business (Property) awarded by the Royal Melbourne Institute of Technology.

He goes further to describe himself as a storyteller in his role as a consultant of hospitality real estate assets. “It is not just about the numbers. More importantly, it is about seeing things from a more holistic perspective that considers the risks as well as the positives of hospitality operations and investment. That usually culminates in a detailed 40-odd page report, covering all the facets of the property, but I enjoy having my research, opinions and findings brought together for our clients,” he notes, brimming with pride.

"I have always had a desire for travel and exploration, and so linking hospitality with my fundamental knowledge of real estate and finance in a career combines my interests.”


Although COVID-19 has made it difficult for him to travel to conduct valuations in the last two years or so, this has not posed a significant challenge to Greg in delivering his best assessments to his clients, owing to his familiarity with the various markets and properties after almost a decade of business and leisure travel throughout the region.

“I look forward to being able to physically travel overseas for projects again, so hopefully we are not too far away from the day when most border restrictions will be lifted,” he comments.

 
Why Colliers?

“I have always admired the Colliers offices and representatives in the markets in which I have worked with around the world, but I must admit that I was very impressed to learn of the rapid growth in scale of the company and its lofty ambitions for the future. That convinced me that the time was right to join Colliers is what I intend to be a significant next phase of my career,” Greg remarks.

blog ess expert spotlight Greg Condon 2

He adds: “I also felt that there was a lot that I could learn from the experience and expertise of the Hotels & Leisure and Valuation & Advisory Services leaders here at Colliers in Singapore, while contributing to the growth of the team with my own skillsets.” He maintains that he is also an approachable mentor with a listening ear who takes pride in training young valuers and loves seeing “that spark in the curious and ambitious”.

 
An unwavering motivation to drive exceptional results

It is hard to notice a trace of lethargy in Greg in the office, even after a day of report writing or property inspections in Singapore’s typical heat.

He says: “I remain very motivated by my role, despite the long hours and difficult discussions at times. The opportunity to work with high-profile clients and be a key contributor to a professional team that is so well-respected in the market for sound advice excites me every day. And when it comes down to it; my role usually involves a key hotel destination or inspecting a nice hospitality-based asset, so hotels and leisure advisory is the perfect slice of the industry for me.”

He also attributes his tirelessness to the enterprising, energising and collaborative work environment at Colliers.

 
Leisure travel will return quickly, and the hospitality sector will evolve further

Greg believes that leisure travel will return very quickly when travel and testing restrictions are lessened in the foreseeable future – specifically in the luxury sector.

In a post-COVID-19 era to come, he also sees that hospitality properties will focus on developing employees with the ability to multi-task, as well as adopt technology and robotics to carry out certain mundane tasks, such as check-ins and check-outs, delivery of luggage, general cleaning, and meal delivery, among others – some of which are already evident in some hotels and resorts.

hotel concierge 1

However, he asserts: “The industry will not shift totally towards non-contact and robots running the show. Particularly after the challenges of the last two years, good quality hotels and their management companies will definitely strive for that personal touch and personalised service that only experts in hospitality can provide.”

 
 

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Greg Condon

Associate Director

Hotels & Leisure

Singapore

Greg has over 15 years in providing hospitality, commercial and residential property valuation and advisory services across three international regions, and is a member of RICS and Associate of the Australian Property Institute. 

After completing his Bachelor of Business (Property) studies and initial professional valuation training in Melbourne, Greg moved to London in 2004.

After eight years of reporting valuations and assisting with asset management initiatives across the entire UK market to a  range of instritutional-grade clients, he sought to continue his career development in South East Asia by moving to Bangkok in 2012. 

During his time with Knight Frank Thailand, Greg became a senior member of the largest internationally-branded valuation firm in the country, and intrinsically involved in client relationship reporting and management to a variety of clients from the hospitality, banking, corporate and private sectors. 

With his extensive involvement in the valuation and advisory of regional hospitality-led assets, Greg joined Savills in 2018 to focus his advisory and business development skills on the entire South East Asia hospitality market. As the Head of Hotel Valuations for the region, Greg continued to complete assignments in Thailand and Vietnam, together with wider market-leading destinations such as the South Pacific and the Marianas Islands.

Despite an unprecedented change in the global marketplace as a result of the pandemic, Greg relocated to Singapore in late-2020 and through his appointment at Colliers will strive to continue to  provide his extensive expertise for the benefit of a broad and prudent client base.  

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