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Celebrating Some Of Industry’s Success Stories During NYU

Thursday May 24th, 2012 - 11:42AM


Jay Schultz, Sr. VP, Hospitality Group

Many of you are seeing this edition of Hotel Business while in New York City, attending the 34th Annual New York University International Hospitality Investment Conference. If you’re staying at the Marriott Marquis, it’s a pretty good bet that your copy was delivered right to your room. Or, perhaps, you picked up yours in the exhibit hall. However it was obtained, you have what I personally consider to be one of the two or three most important issues that we’ll publish in all of 2012.
Traditionally, Hotel Business’ NYU Investment Conference cover story features an industry superstar and this year is no different with Dennis Nessler’s exclusive interview with hospitality and gaming icon Sheldon Adel-son, chairman and CEO of the Las Vegas Sands Corporation. Adelson’s story is nothing short of spectacular. In 1988, he purchased the Sands Hotel and Casino in Las Vegas, the former hangout of Frank Sinatra and the Rat Pack. The following year, he built the Sands Expo and Convention Center.
In 1991, while in Venice, Adelson found the inspiration for a mega resort hotel. He razed the Sands and spent $1.5 billion to construct the Venetian, a Venice-themed resort hotel and casino. In 2003, The Venetian added a 1,013-suite tower—giving the hotel more than 4,000 suites. In August 2007, he rolled the dice and opened the $2.4-billion Venetian Macao Resort Hotel; he then spear- headed a major project to bring the Sands name to Macao. The 1,000,000-sq.-ft. Sands Macao became China’s first Las Vegas- style casino when it opened in May 2004.
At 79 years old, this hotel and casino magnate is showing no signs of slowing down. As a matter of fact, it has been reported that Adelson just may have the appetite to take a bite out of the Big Apple, looking to build a massive betting and convention resort in New York if the state were to legalize Vegas-style gambling. As a lifelong New Yorker, I, for one, would be first in line to roll out the red carpet.
For those who have attended the NYU Investment Conference, you know that a number of prestigious awards are presented during the three-day gathering. I’d like to congratulate the Tisch family and Kathleen Taylor, president and CEO, Four Seasons Hotels and Resorts, for being honored with the Cornell University School of Hotel Administration’s Fourth Annual Icon of the Industry Award and the Cornell Hospitality Innvator Award, respectively. The recipients will be recognized during a dinner held in their honor on June 5, 2012, at the American Museum of Natural History in New York City.
Simultaneously, another industry success story will be honored on June 5th in New York City. Choice Hotels President and CEO Stephen P. Joyce will be recognized by the New York Hospitality Division of the UJA Federation at a reception at the Marriott Marquis. During Joyce’s tenure at the helm, Choice has realized signifycant worldwide growth across its multiple lineup of brands.
The UJA Federation and Cornell University School of Hotel Administration couldn’t have selected more worthy recipients for these prestigious awards. I am looking forward to being in atten-
dance to watch Mr. Joyce and Ms. Taylor, along with the Tisch family, receive their well-earned awards.