BOSTON—Hospitality Asset Managers Association (HAMA) added two affiliate organizations, HAMA Europe and HAMA MEA, bringing in more than 100 new members to the global organization.
“Global growth is critical to our mission of enhancing the effectiveness of hospitality asset managers through education, advancement of the profession and serving as the collective industry voice of hospitality ownership,” stated Ruby Huang, president of HAMA USA. “By adding affiliates worldwide and supporting the continuing education of our members, we envision an organization that is increasingly influential in advocating for individual hotel owners as they develop and execute hospitality investment strategies worldwide.”
According to Theodor Kubak, president of HAMA Europe, hotels have become an attractive core asset in the region due to economic turmoil and changes in central banking policies, creating the need for a HAMA affiliate with strong professional development for its members.
Calling upon the expertise of Michigan State University, HAMA Europe has supported the addition of three hospitality-focused asset management courses offered as part of the MBA program in tourism and hospitality management at MODUL University, Austria’s leading international private university.
Headquartered in Dubai, HAMA MEA similarly hopes to align ownership interests in the rapidly expanding hospitality market, according to the group.
“We’ve seen the benefits that arise from sharing market insights and innovative work trends in other regions,” stated Rene Bell, one of the MEA affiliate’s founding members. “Having the collective resources and knowledge base of hundreds of experienced professionals will surely prove to be a substantial advantage to a young and growing market such as ours.”
HAMA was established in 1992 in the United States and also has affiliates in Japan and Singapore. Its members are involved in asset management, acquisition, financing and disposition of hotels and resorts and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and management selection. Its U.S. members represent more than 3,500 hotels and resorts.