Most noteworthy hotel investment deals and executives honored.
LOS ANGELES, CA – Executives and companies responsible for the most influential hotel industry deals in 2014 were honored with prestigious ALIS awards at the Americas Lodging Investment Summit (ALIS) awards luncheon. 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 are:
Development of the Year 2014:
- The 1,175-room Marriott Marquis Washington, DC was developed by Quadrangle Development and Capstone Development, and is managed by Marriott International.
Single Asset Transaction of the Year:
- Thayer Lodging Group acquired the 998-room Diplomat Resort & Spa in Hollywood, Florida from the Plumbers & Pipe Fitters Pension Fund for $535 million in an off-market transaction.
Merger & Acquisition of the Year:
- Lone Star Funds acquired 38 hotels from Hyatt Hotels Corporation for an estimated $590MM.
Jack A. Shaffer Financial Advisor of the Year:
- Roy March, CEO, Eastdil Secured.
Bob Hazard, Former Chairman, CEO, and President (1980-1996) of Choice Hotels International and Former CEO, (1974-1980), Best Western International 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.
Photo caption: Marriott Marquis Washington, DC.
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She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
