Hospitality Asset Managers Association Grows by 50 Percent in First Half
Adds Two New Affiliates
According to Theodor Kubak, president HAMA Europe, hotels have become an attractive core asset in the region due to economic turmoil and changes in central banking policies. This challenging investment landscape has highlighted the need for a HAMA affiliate with strong professional development for its members.
Calling upon the expertise of Michigan State University, HAMA Europe has supported the addition of three hospitality-focused asset management courses offered as part of the MBA program in tourism and hospitality management at MODUL University, Austria's leading international private university.
Headquartered in Dubai, HAMA MEA hopes to align ownership interests in the rapidly expanding hospitality market.
"We've seen the benefits that arise from sharing market insights and innovative work trends in other regions," said Rene Bell, one of the MEA affiliate's founding members. "Having the collective resources and knowledge base of hundreds of experienced professionals will surely prove to be a substantial advantage to a young and growing market such as ours."
HAMA members are involved in asset management, acquisition, financing and disposition of hotels and resorts and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and management selection. Its U.S. members represent more than 3,500 hotels and resorts across every major brand, accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual revenue and $3 billion in capital expenditures.