with Deals Among the Nearly 400 Attendees
|LOS ANGELES, May 12, 2004 — Meet the Money,
the hotel industry’s closely-watched conference that provides up-to-the-minute
information on industry and lending trends, attracted a record number of
participants this year, according to Jim Butler, conference founder and
Chairman of the Global Hospitality Group in the law firm, Jeffer Mangels
Butler & Marmaro LLP (JMBM). Nearly 400 industry executives came
together for the 14th annual event, held recently at the Sheraton Gateway
LA Airport Hotel.
“We think the level of attendance, the high energy levels in all the sessions and major networking in the halls are all very strong indicators that 2004 will be a very big year for hotel transactions,” Butler said. “I haven’t seen this level of optimism and activity in at least four years. More than 70 debt & equity financing sources representing billions of capital were on hand and highly visible on panels and in earnest conversations in the halls.”
Echoing that sentiment was William McBain, ISHP, executive vice president of Benjamin West LLP, and Patrick O’Neal, vice president PNC Real Estate/Midland Loan Services, Inc., who said that they had made contacts at the conference that could lead to in excess of 30 projects. “This was by far the most active conference of the past several years,” McBain noted.
Significant comments from the conference included:
Meet the Money, founded by Jim Butler in 1990, is the hotel industry’s only one-day conference that focuses on hotel-related lending issues and financing trends and policies. In addition, the Conference provides a venue for lenders and potential borrowers to meet in a casual, networking atmosphere.
Diane Phillips - Conference Coordinator
Jeffer, Mangels, Butler & Marmaro LLP
1900 Avenue of the Stars, 7th Floor
Los Angeles, CA 90067
(310) 785-6707 - phone
(310) 203-0567 - fax
|Also See:||JMBM's Meet the MoneyTM Conference Featured 65 Hotel Debt and Equity Financing Sources / May 2002|