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2008’s Most Important Deals and Leaders Recognized at ALIS Conference; 

The 1,594-room Fontainebleau Miami Beach Earns
the 2008 Development of the Year Honor

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San Diego, January 27, 2009 — During today’s awards luncheon at the Americas Lodging Investment Summit (ALIS), four of hospitality’s most significant executives and deals were honored with prestigious ALIS Awards.  This year’s winners included:
  • Jackson Hsieh, managing director and global head of real estate, lodging & leisure group, UBS Investment Bank, was honored with the 2008 Jack A. Shaffer Financial Advisor of the Year Award.
  • The 1,594-room Fontainebleau Miami Beach (Miami, Florida), which was developed at a cost of approximately $1 billion by Fontainebleau Resorts, LLC., earned the honor of 2008 Development of the Year.
  • The purchase of the 726-room Hyatt Regency Century Plaza (Los Angeles, California) by Next Century Associates, LLC, a joint venture of Woodbridge Capital Partners and D.E. Shaw Group, from Sunstone Century Star, LLC., and Sunstone Century Star Lessee, Inc., was named 2008 Single Asset Transaction of the Year.  The transaction was for $366.5 million, or approximately $504,821 per room.
  • Apollo Management and Texas Pacific Group’s acquisition of Harrah’s Entertainment for approximately $28 billion received the 2008 Merger & Acquisition of the Year Award.

Fontainebleau Resort
4441 Collins Ave
Miami Beach, Florida

Winners were determined by vote of the ALIS conference sponsors.  Other honorees during the 2009 ALIS conference include J.W. Marriott, Jr., chairman and CEO of Marriott International, Inc., who received the 2009 International Society of Hospitality Consultants (ISHC) Pioneer Award, and Horst Schulze, president/CEO of the West Paces Hotel Group, honored with the Lifetime Achievement Award for his remarkable accomplishments in the founding and growth of the successful The Ritz-Carlton Hotel Company and throughout his career.
 
Proceeds from the ALIS conference benefit the educational, research, and training missions of the Educational Institute (EI) of the American Hotel & Lodging Education Foundation (AH&LEF), AH&LA’s not-for-profit affiliate.  

Serving the hospitality industry for nearly a century, AH&LA is the sole national association representing all sectors and stakeholders in the lodging industry, including individual hotel property members, hotel companies, student and faculty members, and industry suppliers. Headquartered in Washington, D.C., AH&LA provides members with national advocacy on Capitol Hill, public relations and image management, education, research and information, and other value-added services to provide bottom line savings and ensure a positive business climate for the lodging industry. Partner state associations provide local representation and additional cost-saving benefits to members.
 
AH&LEF is the charitable fund-raising and endowed fund-management subsidiary of the American Hotel & Lodging Association. Founded in 1953, AH&LEF is the premier organization for scholarships, professional certification, and instructional material as well as funding for hospitality industry research.

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Contact:

Jessica Soklow 
AH&LA
(jsoklow@ahla.com)
 
Kenesha Hylton
BHN
(khylton@burba.com)

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