HB ON THE SCENE: Execs Not ‘Standing By’ at ALIS

LOS ANGELES—While this year’s theme for ALIS 2017 is “Please Stand By,” the overall sentiment from the nearly 3,000 hospitality industry movers and shakers is that they are doing anything but.

In interview after interview conducted on the scene by Hotel Business and in casual discussions in the corridors of the host hotel, the JW Marriott here in downtown, executives of every stripe were still sounding a positive note about the industry remaining strong, even in light of supply expecting to outpace demand growth, albeit modestly, and RevPAR growth expecting to slow in 2017. All indicated they were not letting any grass grow under their feet in terms of projects planned or initiatives set in motion. One of the most heard refrains was: “Maybe our competitors are standing still, but we’re not.”

The annual event, formally known as the Americas Lodging Investment Summit, traditionally sets the tone for the industry outlook, although that does not appear to be the case this year.

In addition, the ALIS Awards presentation was held today, with executives and companies responsible for the most influential hotel industry deals in 2016 being honored. Nominees are considered for the awards based on outstanding business performance in various industry sectors and determined by ALIS sponsors and delegates.

This year’s winners include:

Development (Full-Service) of the Year 2016

Note: Full-service includes branded and unbranded – luxury and upper-upscale chain scales and casinos.

Marriott Marquis Houston

The 1,000-room Marriott Marquis Houston was developed and is owned by RIDA Development Corp. and ARES Management and is managed by Marriott International. 

Development (Select/Limited-Service) of the Year 2016

Note: Select/limited-service includes branded and unbranded – upscale, upper-midscale, midscale and economy chain scales.

Courtyard New York Downtown Manhattan/World Trade Center

The 317-room Courtyard New York Downtown Manhattan/World Trade Center was developed by Robert Finvarb Companies and Hidrock Properties and is managed by Concord Hospitality Enterprises Co. 

Single Asset Transaction of the Year 2016

LondonHouse Chicago

An affiliate of Union Investment Real Estate purchased the 452-room LondonHouse Chicago for approximately $315 million through a sale-lease-management back transaction from an Oxford Capital Group LLC-led venture with Angelo, Gordon & Co. 

Merger & Acquisition of the Year 2016

Marriott International Inc./Starwood Hotels & Resorts Worldwide Inc.

Marriott International Inc. acquired Starwood Hotels & Resorts Worldwide Inc. for approximately $14.6 billion.

Jack A. Shaffer Financial Advisor of the Year 2016

Amish Barot, managing director/head of Americas, REGAL, Deutsche Bank

Thomas Corcoran Jr. of FelCor Lodging Trust; JP Ford of Lodging Econometrics; John R. Karver of CBRE Hotels; and Benjamin Leahy of Goldman Sachs & Co. served as ALIS Awards committee chairs.

Corcoran, chairman of the board and co-founder of FelCor Lodging Trust, also was honored with the Lifetime Achievement Award at the event. This award is presented to an individual who has made significant contributions to the hospitality industry over his or her lifetime through his/her actions, deeds and accomplishments, according to the organization.

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 extensive array of seminars and panels hosted by experts and investors discussing trends and identifying new opportunities. 

To catch up on what leading executives are thinking, look for ALIS coverage in the Feb. 21 issue of Hotel Business.