ALIS Awards Names Finalists
Winners to be honored at Los Angeles investment conference
The Americas Lodging Investment Summit (ALIS) announced the finalists for the ALIS Awards. Among these finalists are executives and companies who are responsible for some of the most influential hotel industry deals in 2017.
The winners will be announced on Wednesday, Jan. 24, during the ALIS conference, which runs Jan. 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 hotels and casinos), the finalists are:
- InterContinental Downtown Los Angeles. The 889-room InterContinental Los Angeles Downtown (shown) hotel was developed by Hanjin Intl. Corp./Korean Air for an undisclosed amount. The property is managed by InterContinental Hotels Group (IHG) and was also part of the 2017 BDwest Design Tour.
- Marriott Marquis Chicago. The 1,205-room Marriott Marquis Chicago was developed by Metropolitan Pier and Exposition Authority (MPEA) Chicago for $455 million and is managed by Marriott Intl.
- Waldorf Astoria Beverly Hills. The 170-key Waldorf Astoria Beverly Hills was developed by Oasis West Realty for an undisclosed amount. The property is managed by Hilton Worldwide, Inc.
In the category of Development of the Year Select/Limited Service 2017 (includes branded and unbranded – upscale, upper midscale, midscale, and economy chain hotels), the finalists are:
- Canopy by Hilton & Hyatt House Washington DC/The Wharf. The dual-branded 412-room total Canopy/Hyatt House was developed by Hoffman Madison Waterfront for $194 million and is managed by Concord Hospitality Enterprises.
- Moxy Times Square New York. The 612-key Moxy Times Square was developed by a partnership between Lightstone and Marriott Intl. for $350 Million and is managed by Magna Hospitality Group. (Moxy Times Square was also part of the 2017 BDNY Design Tour.)
- YOTEL Boston. The 326-cabin hotel was developed for $97 Million by Wheelock Street Capital LLC and is managed by YOTEL.
In the category of Single Asset Transaction of the Year ($25M & Under) 2017, the finalists are:
- Blantyre Resort Lenox, Massachusetts. Blantyre Ventures acquired the 23-room luxury Blantyre Resort from Fitzpatrick Holdings for $7 million.
- Staybridge Suites Houston Medical Center Houston, Texas. Midas Hospitality purchased the 120-room hotel from Pride Management, Inc. for $21.6 million.
- The Stiles Hotel Miami Beach, Florida. Blue Road purchased the 57-room boutique hotel from Carlyle Group for $17.5 Million.
In the category of Single Asset Transaction of the Year (Over $25M) 2017, the finalists are:
- Alohilani Resort Waikiki Beach Honolulu. CommerzReal acquired a majority interest in the 839-room Alohilani Resort Waikiki Beach from Highgate Capital Investments in an off-market sale for $525 Million.
- The Ritz-Carlton Bacara, Santa Barbara 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 $380 Million.
- The Standard High Line New York. Gaw Capital acquired the 338-key The Standard High Line from Dune Real Estate Partners and Greenfield Partners for an undisclosed price.
In the category of Merger & Acquisition of the Year 2017, the finalists are:
- An affiliate of KSL Capital Partners and KKR acquired Apple Leisure Group from Bain Capital Private Equity for an undisclosed sales price.
- RLJ Lodging Trust acquired FelCor Lodging Trust in an all-stock transaction that equated to approximately $2.7 billion.
- Wyndham Hotel Group acquired AmericInn for $170 million.
In the category of Jack A. Shaffer Financial Advisor of the Year 2017, the finalists are:
- Jeffrey Davis, international director, Jones Lang LaSalle
- Douglas P. Hercher, principal and managing director, RobertDouglas
- Daniel C. Peek, Sr. managing director – head of the Global Hospitality Group, HFF
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 features seminars and panels hosted by leading experts and investors discussing important trends and identifying new opportunities. The conference targets lodging industry’s leading hotel executives, investors, lenders, developers, and professional advisory community.