for Latinos in Miami, June 26-27, 2007
Major Hotel Companies to Outline Hotel Investment Options and Opportunities
MIAMI, Fla./WASHINGTON, D.C., June 14, 2007— The Hispanic Hotel Owners
Association (HHOA), a recently-formed and rapidly growing non-profit organization,
announced today that it will hold a Hotel Investment Seminar for Latinos
at the JW Marriott Miami, June 26-27. The event is targeted
to high net-worth Hispanics who may have an interest in investing in and
profiting from the hotel industry. This is the first Hotel Investment
Seminar to be held in Miami and the second the organization has conducted
in the past six months.
dela Fe noted that the hotel real estate and investment can appear daunting to an outsider. “Hotels arguably are one of the most complex of all real estate classes, but also one of the most profitable,” he noted. “The goal of the Hotel Investment Series is to explain the basics of hotel ownership from site selection to franchising, hotel management to financing. This session is not a hard sell from hotel companies. Rather, it answers the basic questions about hotel ownership in a series of very low key, informative sessions.”
Senior representatives from Hilton Hotels Corporation, Marriott International,
InterContinental Hotels Group, Wyndham Worldwide Corporation, Global Hyatt
Corporation and Choice Hotels International, as well as representatives
from finance companies, management firms, law firms, industry consultants
and others will provide an overview of the industry and the risks and opportunities.
Representatives from Florida International University (FIU), School of
Hospitality and Tourism Management will provide speakers and support
for the event. FIU is the largest Hispanic student-serving organization
in the United States. Hotel Business, a leading industry publication,
also is sponsoring the event.
Sessions begin with an overview of the hotel industry and include such other topics as hotel development versus hotel acquisition; market, product and site selection; why invest in the hotel industry; hotel branding; and capital sources and financing. Other sessions will discuss franchising, hotel management, property valuation, hotel management and investment exit strategies.
“Since we began this series earlier his year, more than $120 million of investment in hotels by Hispanics in the U.S. has gotten underway,” said Angela Gonzalez-Rowe, president and founder of Hispanic Hotel Owners Association. “Preliminary studies indicate that nearly 30,000 Hispanics living in the U.S. have the financial resources to invest in hotel ownership. And, Latin America is at the forefront of international expansion for the hotel industry. We will be expanding into that region in the near future. We believe that Hispanic hotel ownership will rise dramatically over the next decade.”
|Also See:||Hispanic Hotel Owners Association's Membership Surges in First Months of Existence / February 2007|