ALIS Awards Finalists Announced

  • AH&LA
  • 01.07.11
Executives and companies responsible for the most influential hospitality industry developments in 2010 will be honored during the Americas Lodging Investment Summit (ALIS), January 24-26 at the Hilton San Diego Bayfront.

Nominees are considered for the awards based on outstanding business performance in various industry sectors.  Nominees for the 2010 awards include:

- Development of the Year 2010:

  • The 607-room InterContinental Hotel – New York, N.Y., developed at a cost of $500 million by affiliates of Tishman Hotel & Realty LP of New York and managed by the InterContinental Hotels Group.
  • The 878-room JW Marriott, 123-room Ritz-Carlton and 224 Ritz-Carlton Residences at the Marriott Complex at L.A. LIVE – Los Angeles, Calif., developed at a cost of $1 billion by the Anschutz Entertainment Group and managed by Marriott International, Inc.
  • The 305-room, 143 residence W Hollywood Hotel – Hollywood, Calif., developed at a cost of $375 million by Gatehouse Capital.

- Single Asset Transaction of the Year 2010:

  • LaSalle Hotel Properties purchase of the 237-room Hotel Sofitel – Lafayette Square – Washington, D.C., for $95 million, or approximately $400,844 per room, from GEM Realty Capital and Whitehall Street 2005 International.
  • Omni Hotels & Resorts purchase of the 249-room Amelia Island Plantation – Amelia Island, Fla., for $67.1 million or approximately $269,000 per room at bankruptcy auction, from Amelia Island Company.
  • Sunstone Hotel Investors purchase of the 412-room Royal Palm – Miami Beach, Fla., for $126.1 million, or approximately $306,000 per room, from Wachovia (Wells Fargo) Bank.

- Merger and Acquisition of the Year 2010:

  • A consortium led by Centerbridge Partners, Paulson & Co., and The Blackstone Group completed the acquisition of Extended Stay Hotels for approximately $3.9 billion.
  • Interstate Hotels & Resorts completed its merger with Hotel Acquisition Co., a 50/50 joint venture between a private equity fund sponsored by Thayer Lodging Group and Jin Jiang International Hotels, valued at approximately $307 million.
  • Voyager Partners, an affiliate of Qatari Diar Real Estate Investment Co., acquired a stake in Fairmont Raffles Holdings International. The deal comprised of a $467 million consideration for the sale of a 40 percent stake in Fairmont Raffles Holdings International and an option to acquire a hotel in Singapore for $275 million.

- Jack A. Shaffer Financial Advisor of the Year 2010

  • Robert Koger, president, Molinaro Koger
  • Jack J. Vissicchio, managing director, Bank of America Merrill Lynch
  • Robert J. Webster, managing director, Hodges Ward Elliott

John C. Portman, Jr., chairman of John Portman & Associates, Inc., Portman Holdings, LLC, and AmericasMart, also will be 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 Educational Institute (EI) of the American Hotel & Lodging Education Foundation (AH&LEF), AH&LA’s nonprofit affiliate.

Related Articles
want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.