WASHINGTON—Jack DeBoer, chairman, Consolidated Holdings, Inc., will be honored with the Lifetime Achievement Award at the Americas Lodging Investment Summit (ALIS), Jan. 27-29, 2014, in Los Angeles.
DeBoer is widely recognized as the pioneer of the extended-stay lodging concept. He designed and built the first Residence Inn all-suite hotel in 1975 and sold the company to Marriott International in 1987. A year later, he co-founded Summerfield Suites, which he subsequently sold to Hyatt Hotels. In 1995, he founded Candlewood Suites, purchased by InterContinental Hotels in 2003. DeBoer trailblazed a short-term apartment concept with his founding of Value Place in 2002.
“Jack is a true entrepreneur who saw a void in the lodging industry for business travelers and created a new niche,” stated Jim Burba, president of BHN, and chair of ALIS. “Not only was he a pioneer in the area of the extended stay and all-suite hotel concept, but DeBoer is well-known for his extensive community and civic support.”
Additionally, executives and companies responsible for the most influential hotel industry developments in 2013 will be honored during ALIS, including Development of the Year, Single Asset Transaction of the Year, Merger & Acquisition of the Year and the Jack A. Shaffer Financial Advisor of the Year. The nomination period will close December 2, 2013. Winners will be announced during the conference.
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 array of seminars and panels hosted by leading experts and investors discussing trends and identifying new opportunities.