ALIS Award Winners Announced
Most Noteworthy Hotel Investment Deals and Executives Honore
Today at the Americas Lodging Investment Summit (ALIS), executives and companies responsible for the most influential hotel industry deals in 2011 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 include:
Development of the Year 2011
The 1,005-room, $320 million JW Marriott Indianapolis in Indianapolis, Indiana, was developed and managed by the White Lodging Services Corporation.
Single Asset Transaction of the Year 2011
Host Hotels & Resorts, Inc., purchase of the 1,625-room Manchester Grand Hyatt in San Diego, CA, for $570 million or approximately $351,000 per room from the Manchester Financial Group.
Merger & Acquisition of the Year 2011
New World Hospitality Ltd. acquired Rosewood Hotels & Resorts LLC, a privately held ultra-luxury hotel management company based in Dallas, from Rosewood Corp. and Maritz Wolff & Co LLC, for $229.5 million. One day after the deal closed, the family of Hong Kong billionaire Cheng Yu-Tung, which controls New World Development Co., acquired five luxury hotels, including Manhattan's Carlyle, from Rosewood Corp. and Maritz, Wolff & Co. for $570 million. The combined transaction is approximately $799.5 million.
Jack A. Shaffer Financial Advisor of the Year 2011
Robert J. Webster, Managing Director, Jones Lange LaSalle Hotels
Marilyn Carlson Nelson, chairman of Carlson, also 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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