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Hotel Industry Group Picks Finalists for ALIS Awards
(SAN DIEGO, CA) -- Some of the biggest names in the hotel industry, along with some of the biggest deals of 2008, are in line to receive ALIS Awards: the highest professional honor accorded by the 100-year-old American Hotel & Lodging Association.
The awards will be announced Jan. 27 during the 2009 Americas Lodging Investment Summit (ALIS) conference in San Diego, CA at the Hilton San Diego Bayfront. All 1,200 rooms at the 30-story hotel have been sold out, conference officials report.
Nominees in the four award categories include:
Jack A. Shaffer Financial Advisor of the Year 2008
Development of the Year 2008
The 1,594-room Fontainebleau Miami Beach. FL, developed at a cost of about $1 billion by Fontainebleau Resorts, LLC.
The 2,000-room Gaylord National Resort and Convention Center (Washington, D.C./ National Harbor, MD), developed at a cost of about $1 billion by Gaylord Entertainment.
The 1,190-room Hilton San Diego Bayfront (San Diego, CA), developed at a cost of $348 million by Portman Holdings, LLC and Phelps Development, LLC.
The 328-room The Blackstone, A Renaissance Hotel (Chicago), developed at a cost of $128 million by Sage Hospitality.
Single Asset Transaction of the Year 2008
Thayer Hotel Investors IV purchase of the 316-room Hyatt Dulles (Washington Dulles International Airport, Fairfax County, VA) for $76.5 million, or about $242,088 per room, from Ashford Hospitality Trust.
Next Century Associates, LLC, a joint venture of Woodbridge Capital Partners and D.E. Shaw Group, purchase of the 726-room Hyatt Regency Century Plaza (Los Angeles) for $366.5 million, or about $504,821 per room, from Sunstone Century Star, LLC and Sunstone Century Star Lessee, Inc.
Great Eagle Holdings (Langham Hotels), purchase of the 380-room Ritz-Carlton Huntington Hotel & Spa (Pasadena, CA) for $165 million, or about $434,200 per room, from Cornerstone Real Estate Advisers, LLC.
Merger & Acquisition of the Year 2008
Apollo Management and Texas Pacific Group acquire Harrah's Entertainment -- about $28 billion.Inland American Lodging acquires 22-hotel portfolio from RLJ Development -- $900 million.
Wyndham Worldwide acquires U.S. Franchise Systems from Global Hyatt Corp, -- $131 million
Other honorees include J.W. Marriott, Jr., chairman and CEO of Marriott International, Inc., and Horst Shulze, president/CEO of West Paces Hotel Group.
Marriott will receive the 2009 International Society of Hospitality Consultants (ISHC) Pioneer Award. Schulze will be honored with the Lifetime Achievement Award for his accomplishments in the founding and growth of the successful The Ritz-Carlton Hotel Co.
Proceeds from the ALIS conference benefit the educational, research, and training missions of the Educational Institute (EI) of the American Hotel & Lodging Education Foundation (AH&LEF), AH&LA's not-for-profit affiliate.
Serving the hospitality industry for nearly a century, Washington, D.C.-based AH&LA states it 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.
The awards will be announced Jan. 27 during the 2009 Americas Lodging Investment Summit (ALIS) conference in San Diego, CA at the Hilton San Diego Bayfront. All 1,200 rooms at the 30-story hotel have been sold out, conference officials report.
Nominees in the four award categories include:
Jack A. Shaffer Financial Advisor of the Year 2008
- Thomas C. Fisher, managing director, Jones Lang LaSalle Hotels.
- Jackson Hsieh, managing director and global head of real estate, lodging & leisure group, UBS Investment Bank.
- Robert T. Koger, president, Molinaro Koger.
Development of the Year 2008
The 1,594-room Fontainebleau Miami Beach. FL, developed at a cost of about $1 billion by Fontainebleau Resorts, LLC.
The 2,000-room Gaylord National Resort and Convention Center (Washington, D.C./ National Harbor, MD), developed at a cost of about $1 billion by Gaylord Entertainment.
The 1,190-room Hilton San Diego Bayfront (San Diego, CA), developed at a cost of $348 million by Portman Holdings, LLC and Phelps Development, LLC.
The 328-room The Blackstone, A Renaissance Hotel (Chicago), developed at a cost of $128 million by Sage Hospitality.
Single Asset Transaction of the Year 2008
Thayer Hotel Investors IV purchase of the 316-room Hyatt Dulles (Washington Dulles International Airport, Fairfax County, VA) for $76.5 million, or about $242,088 per room, from Ashford Hospitality Trust.
Next Century Associates, LLC, a joint venture of Woodbridge Capital Partners and D.E. Shaw Group, purchase of the 726-room Hyatt Regency Century Plaza (Los Angeles) for $366.5 million, or about $504,821 per room, from Sunstone Century Star, LLC and Sunstone Century Star Lessee, Inc.
Great Eagle Holdings (Langham Hotels), purchase of the 380-room Ritz-Carlton Huntington Hotel & Spa (Pasadena, CA) for $165 million, or about $434,200 per room, from Cornerstone Real Estate Advisers, LLC.
Merger & Acquisition of the Year 2008
Apollo Management and Texas Pacific Group acquire Harrah's Entertainment -- about $28 billion.Inland American Lodging acquires 22-hotel portfolio from RLJ Development -- $900 million.
Wyndham Worldwide acquires U.S. Franchise Systems from Global Hyatt Corp, -- $131 million
Other honorees include J.W. Marriott, Jr., chairman and CEO of Marriott International, Inc., and Horst Shulze, president/CEO of West Paces Hotel Group.
Marriott will receive the 2009 International Society of Hospitality Consultants (ISHC) Pioneer Award. Schulze will be honored with the Lifetime Achievement Award for his accomplishments in the founding and growth of the successful The Ritz-Carlton Hotel Co.
Proceeds from the ALIS conference benefit the educational, research, and training missions of the Educational Institute (EI) of the American Hotel & Lodging Education Foundation (AH&LEF), AH&LA's not-for-profit affiliate.
Serving the hospitality industry for nearly a century, Washington, D.C.-based AH&LA states it 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.
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