News for the Hospitality Executive
.Hispanic Hotel Owners Association
Members Have Acquired or
Began Development on 48 Hotel Projects in Last 12 Months
WASHINGTON, D.C., July 23, 2008—The Hispanic Hotel Owners Association (HHOA), a rapidly growing non-profit organization that seeks to increase Latino ownership of hotels, today announced that its members have either acquired or began development on 48 hotels in the past 12 months. The organization has more than 300 members and continues to attract both existing and potential Hispanic hotel owners and investors at a rapid pace.
“Obviously, this has been an untapped market,” said Angela Gonzalez-Rowe, founder and president of the Hispanic Hotel Owners Association. “Because hotels arguably are the most complex real estate class, investment can be quite intimidating. Through our Hotel Investment Series, we have been able to attract more than 115 Hispanics who have the financial strength and want to learn more about the investment opportunities in the industry. Many are invested in other segments of hospitality, such as restaurants, and this is a natural extension for them.”
Of the 48 new Hispanic-owned, 12 have been through acquisitions and
34 are hotels in development. More than 80 percent are branded properties.
The hotels range from the limited-service to luxury segments.
HHOA membership is open to hotel owners, developers, investors, financiers, real estate executives, investment bankers, professional advisors, analysts, franchisors, management company executives, industry product and service providers, hotel general managers, hotel sales and marketing managers, government agencies for tourism and development, hospitality schools, hospitality students or anyone seeking to do business within the Hispanic market.
To learn more about the Hotel Investment Series, contact Angela Gonzales-Rowe at 202-587-5707, or www.hhoa.org.
|Also See:||Hispanic Hotel Owners Association's Second Hotel Investment Seminar for High Net-worth Latinos Attracts Twice the Expected Attendance; Event's Success Prompts Brands to Increase Funding for Future Events / July 2007|