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Jones Lang LaSalle Hotels announced that the firm was recognized with two awards at the 2008 ALIS conference. The sale of the Maui Prince Hotel Makena was the winner of the 2007 Single Asset Transaction of the Year Award. The $575M transaction was the largest single asset hotel sale of the year and the second largest in history. The sale included the 310-room Maui Prince Hotel, two 18-hole, Robert Trent Jones, Jr.-designed Makena Golf Courses, approximately 1,317 acres of vacant land, and the stock of Makena Wastewater Corp.
Furthermore, Arthur Adler, managing director & CEO for Jones Lang LaSalle Hotels, was named the 2007 Jack A. Shaffer Financial Advisor of the Year. Adler has been a leading hotel advisor for over 25 years and has established himself as a trusted advisor to many top leaders of major hotel companies, owners and investors. At Jones Lang LaSalle Hotels, Adler has expanded the Americas business over the last eight years from 12 people to over 80. The firm now has offices in New York, Chicago, Los Angeles, Miami, Atlanta, San Francisco, Washington, D.C., Houston, Charlotte, Phoenix, and Seattle.
“It’s truly an honor to be recognized at ALIS with the Financial Advisor of the Year Award that is named for Jack Shaffer,” said Adler. “Having worked directly with Jack for several years, this award is extremely meaningful because of the passion that he had for the business and the way in which Jack worked with both his sellers and buyers to put transactions together.”
“Even more exciting was that Jones Lang LaSalle Hotels won the Single Asset Transaction of the Year Award for the Makena deal, which Art Buser skillfully arranged,” said Adler. “It’s fantastic that our entire team was acknowledged for all they have accomplished; we’re all truly grateful for this important recognition.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
