LOS ANGELES, Calif.—At the Americas Lodging Investment Summit (ALIS) awards presentations yesterday, executives and companies responsible for the most influential hotel industry deals in 2016 were honored with prestigious ALIS awards. 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—Houston, Texas
The 1,000-room Marriott Marquis Houston was developed and owned by RIDA Development Corporation 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–New York, N.Y.
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 Company.
Single Asset Transaction of the Year 2016
LondonHouse Chicago – Chicago, Ill.
An affiliate of Union Investment Real Estate purchased the 452-room LondonHouse Chicago for approximately US$315 million through a sale-lease-management back transaction from an Oxford 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 US $14.6 billion.
Jack A. Shaffer Financial Advisor of the Year 2016
Amish Barot, Managing Director/Head of Americas, REGAL, Deutsche Bank