Washington, January 18, 2012
—Executives
and companies responsible for the most influential hospitality industry
developments in 2011 will be honored during the Americas Lodging
Investment
Summit (ALIS), January 23-25 at the JW Marriott and Nokia Theatre at LA
LIVE. Nominees are considered for the awards based on outstanding
business performance in various industry sectors.
Nominees for the 2011
awards include:
Development
of the Year 2011
- The 1,005-room, $320 million JW Marriott
Indianapolis in Indianapolis, Indiana, was developed and managed by the
White
Lodging Services Corporation.
- The 270-room Mondrian Soho in New York, New
York, developed at a cost of $250 million by Cape Advisors, Inc., and
managed
by Morgans Hotel Group
- The
334-room Radisson Blu Aqua Hotel in Chicago, Illinois, developed at a
cost of
$126 million as a joint venture between Carlson Hotels Management
Corporation
and Magellan Development Group.
Single
Asset Transaction of the Year
2011
- A joint venture between Equity Group Investments,
Hilton Worldwide, and Elysian principals purchase of the 188-room
Elysian Hotel
Chicago from Arcapita.
- Host Hotels & Resorts, Inc., purchase of
the 1,625-room Manchester Grand Hyatt in San Diego, CA, for $570
million or
approximately $351,000 per room from the Manchester Financial Group.
- Pebblebrook Hotel Trust purchase of the
235-room W Boston, for $89.5 million, or approximately $381,000 per
room, at
bankruptcy auction, from SW Boston, LLC.
Merger
& Acquisition of the Year 2011
- A joint venture between Ashford Hospitality
Trust Inc and Prudential Financial Inc., acquired the hotel portfolio
of
Highland Hospitality Corp, a McLean, VA-based REIT. The acquisition and
restructuring were completed through a $1.3 billion consensual
foreclosure.
- A joint venture between Chatham Lodging Trust
and Cerberus Capital Management LP, acquired 64 hotels from Innkeepers
USA
Trust, a Palm Beach-based REIT and a majority-owned unit of Apollo
Investment
Corp., for an estimated $1.02 billion.
- New World Hospitality Ltd. acquired Rosewood
Hotels & Resorts LLC, a privately held ultra-luxury hotel
management
company based in Dallas, from Rosewood Corp. and Maritz Wolff & Co
LLC, for
$229.5 million. One day after the deal closed, the family of Hong Kong
billionaire
Cheng Yu-Tung, which controls New World Development Co., acquired five
luxury
hotels, including Manhattan's Carlyle, from Rosewood Corp. and Maritz,
Wolff
& Co. for $570 million. The combined transaction is
approximately
$799.5 million.
Jack
A. Shaffer Financial Advisor of the Year
2011
- Jon Kurnit, Senior Managing Director, Beacon
Hospitality Partners
- Herb Warmbrodt, Principal, Warmbrodt
Hotel Investments
- Robert J. Webster, Managing Director,
Jones Lang LaSalle Hotels
Co-hosted
by the American Hotel & Lodging Association (AH&LA) and Burba
Hotel
Network (BHN), the two-and-a-half-day ALIS event features an extensive
array of
seminars and panels hosted by leading experts and investors discussing
important trends and identifying new opportunities. The
conference
attracts the lodging industry’s leading hotel executives, investors,
lenders,
developers, and professional advisory community. Proceeds from
ALIS
benefit the educational, research, and training missions of the
American Hotel &
Lodging Education Foundation (AH&LEF), AH&LA’s nonprofit
affiliate.
Online
registration is available via the ALIS
Website. For general event information and sponsorship
opportunities, contact BHN Associate Jodi Braverman at [email protected]
.
Serving the hospitality industry
for 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.
BHN is the worldwide
leader in developing and
organizing conferences for the hotel and tourism investment community.
With
more than two decades of experience, over 90 events completed or in
production
to date, and more than 67,000 international delegates, BHN conferences
have
become “must attend” events for industry leaders who come together to
network,
conduct business and to learn about the latest trends. BHN events
include the
Americas Lodging Investment Summit (ALIS) in Los Angeles; the ALIS
Summer Update
in Dallas; the Caribbean Hotel & Resort Investment Summit (CHRIS)
in Miami;
the Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong;
HICAP UPDATE
in Singapore; the Hotel Investment Forum India (HIFI) in Mumbai; the
Hotel
Opportunities Latin America (HOLA) conference in Miami, and the Hotel
Investment Conference Europe (Hot.E) in London. The BHN website at www.Burba.com is the gateway for
information
about the conferences BHN produces, as well as a direct link to
important
players in the hospitality investment world.
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