Winners of the prestigious Development of the Year and Single Asset Transaction of the Year Awards were announced at the Caribbean Hotel & Resort Investment Summit (CHRIS). CHRIS was held May 10-11, 2016, at the JW Marriott Marquis Miami in Miami, Florida, USA.
The Marriott Port Au Prince, in Port Au Prince, Haiti, was named Development of the Year 2015. With 175 keys, an approximately US$45 million development cost focused on the revitalization and diversification of the local economy and sustainability, developed by TDSA, and managed by Marriott International. Finalists in the Development of the Year 2015 category also included the Courtyard by Marriott Kingston, in Kingston, Jamaica, and the TRYP by Wyndham Isla Verde, in Carolina, Puerto Rico.
The Hilton Aruba Caribbean Resort & Casino, in Palm Beach, Aruba, was named Single Asset Transaction of the Year 2015. Formerly the Radisson Resort, Casino & Spa, sold to Aruba Growth Fund JV Goldman Sachs by affiliated entities of Carlson Hotels Real Estate Inc. for an undisclosed amount. The transaction was brokered by Eastdil Secured. The additional finalists in the Single Asset Transaction of the Year 2015 were the Grand Cayman Marriott Beach Resort, in Grand Cayman, Cayman Islands and The Ritz-Carlton St. Thomas, in St. Thomas, USVI.
Liam J. Day of BCQS International chaired the Development of the Year Award committee and Kent Schwarz of Colliers International Hotels chaired the Single Asset Transaction of the Year Award committee. The two committees were comprised of hotel industry leaders who selected, reviewed, and nominated deals. The finalist information was then sent to the CHRIS delegates for voting.
Caribbean Hotel & Resort Investment Summit (CHRIS) is the Caribbean’s most important hotel and tourism investment conference. The conference immediately precedes a second important event, the Hotel Opportunities Latin America (HOLA) conference. The back-to-back nature of the two events provides a venue for the hotel investment community that is interested not only in the Caribbean, but also in Latin America, to conduct their business while in Miami. CHRIS and HOLA are hosted by Burba Hotel Network (BHN).
For additional information on the CHRIS conference visit the website.
