Thursday January 24th, 2013 - 11:30AM
LOS ANGELES—At the Americas Lodging Investment Summit (ALIS) being held here, executives and companies responsible for the "most influential" hotel industry deals in 2012 were honored with ALIS awards.
The nominees were 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 Manhattan that 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 City 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.
Michael A. Leven, president/CEO, Las Vegas Sands Corp., was honored with ALIS' Lifetime Achievement Award.