Award Winners Announced at the Americas Lodging Investment Summit (ALIS)
Most Noteworthy Hotel Investment Deals and Executives Honored
At today's awards luncheon at the Americas Lodging Investment Summit (ALIS), executives and companies responsible for the most influential hotel industry deals in 2012 were honored with prestigious ALIS awards. Nominees are considered for the awards based on outstanding business performance in various industry sectors and determined by ALIS sponsors and delegates. This year's winners included:
Development of the Year 2012
- The 463-room Conrad New York in New York, NY, was developed for an undisclosed amount by Goldman Sachs and is managed by Hilton Hotels and Resorts.
Single Asset Transaction of the Year 2012
- Strategic Hotels & Resorts and KSL Capital Partners LLC's purchase of the 509-room Essex House in New York, NY, for $362 million, or approximately $711,000 per room from Dubai Investment Group.
Merger & Acquisition of the Year 2012
- Blackstone Real Estate Partners VII's acquisition of the United States Economy Hotels division of French Hotel operator Accor SA for $1.9 billion.
Jack A. Shaffer Financial Advisor of the Year 2012
- Robert Stiles, Principal & Managing Director, RobertDouglas
Michael A. Leven, president/CEO, Las Vegas Sands Corporation, was honored with the prestigious Lifetime Achievement Award.
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.
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Serving the hospitality industry for more than 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, more than 100 events completed to-date, and more than 70,000 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 Gurgaon Delhi N.C.R.; 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.