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ALIS Award Winners Announced

ALIS Award Winners Announced

LOS ANGELES—At the annual awards luncheon at the Americas Lodging Investment Summit (ALIS), executives and companies responsible for the most influential hotel industry deals in 2012 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 included:

Development of the Year 2012
The 463-room Conrad New York in New York, NY, was developed for an undisclosed amount by Goldman Sachs and is managed by Hilton Hotels and Resorts.

Single Asset Transaction of the Year 2012
Strategic Hotels & Resorts and KSL Capital Partners LLC’s purchase of the 509-room Essex House in New York, NY, for $362 million, or approximately $711,000 per room from Dubai Investment Group.

Merger & Acquisition of the Year 2012
Blackstone Real Estate Partners VII’s acquisition of the United States Economy Hotels division of French Hotel operator Accor SA for $1.9 billion.

Jack A. Shaffer Financial Advisor of the Year 2012
Robert Stiles, Principal & Managing Director, RobertDouglas

As part of the ceremony, Michael A. Leven, president/CEO, Las Vegas Sands Corporation, was also 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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