News for the Hospitality Executive |
March 30, 2012 - Approximately
300 top lodging professionals,
including investors, major hotel brands representatives and over 50
lenders
will be meeting in Boston at the Hotel Equity & Lender Perspectives
(“HELP
Conference”) in a collective effort to spur transaction activity within
the
hotel sector. The inaugural event,
taking place May 2nd and 3rd
at the Westin Waterfront Boston Hotel will offer a forum for lenders
and
investors from across the country to actively discuss opportunities for
financing existing hotels, as well as new construction, something that
hasn’t
been seen for almost five years. Investors from across the country are
attending this inaugural event. “The performance of the U.S. hotel
industry has
steadily improved and we need to demonstrate that the dynamics are
firmly in
place for continued recovery and profit growth to boost lender
confidence in
hotels. Anticipated yields on hotel investments are far superior to
that of office
or multi-family sectors”, said Jim O’Connell, Co-Chairman of the “HELP”
Conference.
An estimated $2 billion of
lending power
specifically directed at hotels will be on hand. HELP Conference
Co-hosts, Ken
Wilson and Chad Crandell of Capital Hotel Management and Jim O’Connell
of
O’Connell Hospitality Group have assembled representatives from many of
the top
public and private equity groups such as Hospitality Properties Trust,
Chatham
Lodging REIT, Cornerstone, AEW, Square Mile and Cerberus Capital as
well as lenders
such as Wells Fargo, Bank of America, Deutsche Bank, Starwood Property
Trust,
Washington Mutual and Rockbridge Capital. Highlighting the critical
role that
brands play in transactions, the program will also feature hotel
executives
from Starwood Hotels & Resorts, Marriott, Hilton, IHG, Hyatt,
Carlson and
Choice Hotels. This informative transaction oriented program, including
a heavy
emphasis on networking, is the ideal platform for initiating deals and
it is
fully expected that several hotel transactions will be traced right
back to the
HELP Conference.
Please visit www.HELPconference.com for additional information and to register for the event. |
Contact: Hotel Equity & Lender Perspectives www.helpconference.com 978-777-4100 |