Karl J. Badstuber Mr. Badstuber joins JLL as managing director after spending four years as a senior pan-European hotel specialist at AXA IM - Real Assets, spearheading hotel transactions and strategic hotel asset management. He has also held senior positions at Morgan Stanley Real Estate Fund, Grand City Hotels & Resorts, InterContinental Hotels and Starwood Hotels across Germany, Luxembourg, the UK and Australia. Mr. Badstuber reports to Philip Ward, CEO of Hotels & Hospitality Group, EMEA, JLL.