Washington, January 9, 2008 �Executives and companies responsible
for the most influential hospitality industry developments in 2007 have
been nominated for the prestigious ALIS awards, to be presented during
the 2008 Americas Lodging Investment Summit (ALIS) conference, January
28-30, 2008. Nominees are considered for the honor based on outstanding
business performance in various industry sectors.
Nominees in the four ALIS award categories include:
Jack A. Shaffer Financial Advisor of the Year 2007
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Arthur Adler, Managing Director & CEO, Americas, Jones Lang LaSalle
Hotels
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Jackson Hsieh, Managing Director and Global Head of Real Estate, Lodging
& Leisure Group, UBS Securities, LLC
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Robert T. Koger, President, Molinaro Koger
Merger & Acquisition of the Year 2007
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Arbor Realty Trust Inc. and The Lightstone Group LLC, acquire Extended
Stay Hotels from the Blackstone Group in $8.0 billion deal
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Isadore Sharp, Cascade Investment and Kingdom Hotel Investments acquire
Four Seasons Hotels in $3.7 billion deal
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Blackstone Group acquires Hilton Hotels Corporation in $26 billion deal
Single Asset Transaction of the Year 2007
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Sunstone Hotel Investors, Inc., purchase of the 402-room Boston Marriott
Long Wharf (Boston, Massachusetts) for $228 million; approximately $568,000
per room, from Boston Properties, Inc.
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Northview Hotel Group, Five Star Realty Partners and Behringer Harvard
purchase of the 177-room Hawks Cay Resort (Duck Key, Florida), which included
management of 250 privately-owned villas participating in the Resort�s
Rental Management Program, for $79 million from Barrington Heritage, LLC
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Morgan Stanley Real Estate Fund purchase of the 310-room Maui Prince Hotel
Makena (Maui, Hawaii), which included two 18-hole golf courses and 1,361
acres of land, for $575 million, from Maui Prince Hotel, LLC and Lokelani
Resort Corporation
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Lowe Hospitality Group and Canyon Johnson Urban Fund purchase of the 1,119-room
Hilton Washington DC, for $290 million; approximately $259,000 per room,
from Hilton Hotels Corporation
Development of the Year 2006
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The 400-room MGM Grand � Detroit, Michigan, developed at a cost of $800
million by MGM Mirage
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The 89-room Solage Calistoga � Calistoga, California, developed by Auberge
Resorts
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The 298-room The Liberty Hotel � Boston, Massachusetts, developed at a
cost of $150 million by Carpenter & Company, Inc.
The 2008 ALIS conference will also honor Stephen F. Bollenbach, former
co-chairman & CEO of Hilton Hotels Corporation, for his lifelong dedication
to cultivating industry growth.
ALIS is the lodging industry�s premier hospitality event, co-hosted
by the American Hotel & Lodging Association (AH&LA) and Burba Hotel
Network (BHN). For general event information and sponsor opportunities,
contact Jonathon Zink, BHN conference manager, at (714) 540-9300 or [email protected]
or visit the ALIS Website at www.alisconference.com. For information
on the AH&LA, visit www.ahla.com.
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.
BHN brings together nearly two decades of experience developing and
organizing the world�s most prominent gatherings of the hotel and tourism
investment community. At these events (over 50 conferences completed
and/or in development), the investment community has come together to network,
conduct business and learn about the latest industry trends. They
have become �must attend� events for those interested in investing in hospitality
real estate. The BHN Website at www.BURBA.com, is the gateway for
information about the conferences BHN produces, as well as providing a
direct link to important players in the hospitality investment world, including
lenders, brokers, architects, designers, and hotel industry-related organizations. |