The InterContinental Downtown Los Angeles took first place in the Development of the Year (Full Service) category, while RLJ Lodging Trust's acquisition of FelCor Lodging Trust was recognized as the top Merger & Acquisition of the Year.
LOS ANGELES -- January 24, 2018 – Today the Americas Lodging Investment Summit (ALIS), honored the executives and companies responsible for the most influential hotel industry deals in 2017 with the prestigious ALIS awards. The winners were announced on Wednesday, January 24th, during the ALIS conference, which ran from January 22-24, 2018 at the JW Marriott and Microsoft Theater at L.A. LIVE. Nominees for the awards are evaluated based on outstanding business performance in various industry sectors.
In the category of Development of the Year (Full Service) 2017 (includes branded and unbranded - luxury and upper upscale chain scales, and casinos), the winner was the InterContinental Downtown Los Angeles in Los Angeles, California. The 889-room InterContinental Los Angeles Downtown hotel was developed by Hanjin International Corporation/Korean Air and is managed by InterContinental Hotels Group (IHG).
In the category of Development of the Year Select/Limited Service 2017 (includes branded and unbranded - upscale, upper midscale, midscale, and economy chain scales), the winner was the Moxy Times Square in New York, New York. The 612-room Moxy Times Square was developed by a partnership between Lightstone and Marriott International for US$350 Million and is managed by Magna Hospitality Group.
In the category of Single Asset Transaction of the Year (US$25M & Under) 2017, the winner was The Stiles Hotel in Miami Beach, Florida. Blue Road purchased the 57-room boutique hotel from Carlyle Group for US$17.5 Million.
In the category of Single Asset Transaction of the Year (Over US$25M) 2017, the winner was The Ritz-Carlton Bacara, Santa Barbara in Goleta, California. A joint venture between Carey Watermark Investors Inc. and Carey Watermark Investors 2 Inc. (collectively “CWI”) acquired the 358-room The Bacara Resort & Spa (converted to The Ritz-Carlton Bacara, Santa Barbara) from Pacific Hospitality Group for US$380 Million.
In the category of Merger & Acquisition of the Year 2017, the winner was RLJ Lodging Trust acquired FelCor Lodging Trust in an all-stock transaction that equated to approximately US$2.7 Billion.
In the category of Jack A. Shaffer Financial Advisor of the Year 2017, the winner was Daniel C. Peek, Sr. Managing Director – Head of the Global Hospitality Group, HFF.
JP Ford chaired the ALIS Development of the Year committee, John R. Karver chaired the ALIS Single Asset Transaction of the Year committee, Michael Murphy chaired the ALIS Merger & Acquisition of the Year committee and Thomas J. Corcoran, Jr. chaired the ALIS Jack A. Shaffer Financial Advisor of the Year committee.
Produced by Northstar Travel Group, in association with the American Hotel & Lodging Association (AH&LA) and Burba Hotel Network (BHN), the two-and-a-half-day ALIS event featured 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. Visit the ALIS website for additional information, www.ALISconference.com.
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