38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE JUNE 5–7, 2016 New York Marriott Marquis • NYC
Conference Chair
Jonathan M. Tisch
Co-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts
Conference Host
Dennis Di Lorenzo
Harvey J. Stedman Dean NYU School of Professional Studies
CONFERENCE AGENDA @nyuhospitality
TISCH CENTER FOR HOSPITALITY AND TOURISM
sps.nyu.edu/hospitalityconference
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
AT-A-GLANCE
SUNDAY, JUNE 5 6:00 p.m. to 8:00 p.m.
WELCOME RECEPTION
Sixth Floor, Broadway Ballroom
WORKSHOP II – Industry Data Continued
DEMAND, PRICES, PROFITS, AND VALUES—WHAT TO EXPECT IN THE YEAR AHEAD
7:00 a.m. to 7:55 a.m.
NETWORK AND NOSH
Fifth Floor, Westside Ballroom 8:00 a.m. to 11:20 a.m.
GENERAL SESSIONS 8:00 a.m. to 8:20 a.m.
WELCOME FROM NYUSPS
Sixth Floor, Broadway Ballroom
THE NEW FACE OF HOTEL OWNERSHIP—ASSET MANAGERS Fifth Floor, Broadhurst Room WORKSHOP IV – Design
CONCURRENT WORKSHOPS
Fifth Floor, Juilliard Room
DIFFERENTIATED AND EXPERIENTIAL LUXURY Sixth Floor, Shubert Room WORKSHOP VI – Finance
8:50 a.m. to 9:10 a.m.
WORKSHOP VII – Finance
9:15 a.m. to 10:10 a.m.
REITs – THE BALANCING ACT BETWEEN INDUSTRY FUNDAMENTALS, LIQUIDITY, AND WALL STREET ANALYSTS
Sixth Floor, Broadway Ballroom
WORKSHOP VIII – Industry
Sixth Floor, Majestic Room
10:15 a.m. to 10:45 a.m.
MORE BANG FOR YOUR INVESTMENT BUCK!
Sixth Floor, Broadway Ballroom
1:00 p.m. to 3:15 p.m.
TO OWN OR NOT TO OWN? THAT IS THE QUESTION
4:00 p.m. to 5:00 p.m.
WORKSHOP V – Industry
Fourth Floor, Odets Room
Fourth Floor, Wilder Room
THE CEOs CHECK IN: A VIEW FROM THE TOP
Fifth Floor, Westside Ballroom
WORKSHOP IX – Finance
Sixth Floor, Broadway Ballroom
Sixth Floor, Broadway Ballroom
COFFEE BREAK IN THE EXPO CAFÉ
BLURRED VISION: UNDERSTANDING THE HOTEL TIER DIFFERENCES
CONFERENCE CHAIR’S OPENING REMARKS
GOVERNMENT UPDATE
Sixth Floor, Broadway Ballroom 3:20 p.m. to 3:50 p.m.
THE CAPITAL AGENDA – HOW CONFIDENT ARE YOU? PERSPECTIVES FROM THE C-SUITE
8:25 a.m. to 8:45 a.m.
BEYOND THE STATISTICS: THE ECONOMISTS’ PROGNOSTICATE
Fifth Floor, Juilliard Room
WORKSHOP III – Operations
MONDAY, JUNE 6
2:40 p.m. to 3:15 p.m.
Fourth Floor, O’Neill Room
MANAGEMENT AGREEMENT OR LICENSE DEAL— WHAT’S YOUR PREFERENCE? WORKSHOP X – Operations
FRANCHISING: IT’S DOMINATING THE INDUSTRY’S GROWTH Sixth Floor, Shubert Room WORKSHOP XI – Industry
NEW AGE INDEPENDENTS: A FRESH FACE FOR THE HOTEL INDUSTRY Fourth Floor, Odets Room WORKSHOP XII – Finance
THE YEAR OF CONSOLIDATION: M&A IS THE TALK OF THE TOWN AS LODGING REITs, LODGING C-CORPS, AND TIMESHARE COMPANIES MERGE Fifth Floor, Broadhurst Room
WORKSHOP XIII – Operations
GETTING THE BEST ROI IN DISTRIBUTION Fourth Floor, O’Neill Room
GENERAL SESSIONS
WORKSHOP XIV – Finance
LUNCHEON
THE HOTTEST PROPERTY TRANSACTIONS IN THE HOSPITALITY MARKETPLACE
COFFEE BREAK IN THE EXPO CAFÉ
WELCOME
WORKSHOP XV – Industry Sixth Floor, Majestic Room
12:00 p.m. to 1:00 p.m.
HOTEL NEWS NOW STEPHEN W. BRENER SILVER PLATE AWARD
10:50 a.m. to 11:20 a.m.
STATISTICALLY SPEAKING
Sixth Floor, Broadway Ballroom 11:25 a.m. to 11:55 a.m.
Fifth Floor, Westside Ballroom
CONCURRENT WORKSHOPS WORKSHOP I – Finance
PRIVATE EQUITY: CASHING IN OR CASHING OUT? Fifth Floor, Westside Salon 1
1:00 p.m. to 2:00 p.m. Sixth Floor, Broadway Ballroom
2:05 p.m. to 2:35 p.m.
ONE ON ONE WITH JONATHAN GRAY… MODERATED BY MARIA BARTIROMO
Fourth Floor, Wilder Room
RESORTS REDEFINED 5:00 p.m. to 6:30 p.m.
GRAND NETWORKING RECEPTION Eighth Floor, Broadway Lounge
Sixth Floor, Broadway Ballroom
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38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
AT-A-GLANCE
TUESDAY, JUNE 7 7:15 a.m. to 8:15 a.m.
NETWORK AND NOSH
Fifth Floor, Westside Ballroom 8:30 a.m. to 11:05 a.m.
GENERAL SESSIONS 8:30 a.m. to 9:10 a.m.
THE LEADERS’ FORUM
Sixth Floor, Broadway Ballroom 9:15 a.m. to 9:45 a.m.
THE LEADERS CHECK IN – PART TWO Sixth Floor, Broadway Ballroom 9:50 a.m. to 10:25 a.m.
WORKSHOP XX – Operations
HIGH YIELD RETURNS – LEVERAGING CREATIVE BUSINESS PLANS TO ACHIEVE HIGH YIELD RETURNS AT THIS POINT IN THE CYCLE Fifth Floor, Juilliard Room
WORKSHOP XXI – Development
COFFEE BREAK IN THE EXPO CAFÉ Fifth Floor, Westside Ballroom 11:45 a.m. to 12:45 p.m.
CONCURRENT WORKSHOPS WORKSHOP XVI – Finance
THE LENDERS’ FORUM: THE DEBT/ TRANSACTION MARKETPLACE “NOW AND BEYOND” Fifth Floor, Westside Salon 1 WORKSHOP XVII – Industry
THE NEW HOSPITALITY LIFESTYLE: EMERGING BRANDS Sixth Floor, Majestic Room
WORKSHOP XVIII – Design
ON DECK: “NEXTGENDESIGN: DESIGNS CHANGING AT LIGHT SPEED” Fourth Floor, Odets Room
WORKSHOP XIX – Industry
CRYSTAL BALL FOR THE SELECTSERVICE SEGMENT: THE FUTURE OF AN INDUSTRY DARLING Fourth Floor, O’Neill Room
Fifth Floor, Broadhurst Room
Fifth Floor, Juilliard Room
WORKSHOP XXII – NYU Alumni Panel
WORKSHOP XXVI – Industry
WORKSHOP XXIII – Legal
11:10 a.m. to 11:40 a.m.
CUBA: GLIMPSES OF POSSIBILITY FOR THE FORBIDDEN ISLAND
Sixth Floor, Shubert Room
10:30 a.m. to 11:05 a.m.
Sixth Floor, Broadway Ballroom
WORKSHOP XXIV – Industry
WORKSHOP XXV – Finance
Sixth Floor, Broadway Ballroom
ANATOMY OF A TRANSACTION
CONCURRENT WORKSHOPS
HUMAN CAPITAL: DRIVING CORPORATE CULTURE AND SUCCESSFUL RECRUITING STRATEGIES IN AN EVER-CHANGING ENVIRONMENT FOR TALENT
SOCIAL MEDIA, EMOTIONAL CONNECTIONS, AND THE BOTTOMLINE
A VIEW FROM THE OWNER’S SEAT
3:45 p.m. to 4:45 p.m.
Fourth Floor, Wilder Room
THE LEGAL ISSUES EVOLVING OUT OF THIS ERA OF CONSOLIDATION Fifth Floor, Broadhurst Room 1:00 p.m. to 3:30 p.m.
GENERAL SESSIONS 1:00 p.m. to 1:55 p.m.
LUNCHEON
Sixth Floor, Broadway Ballroom
CONFERENCE PATRON AND SPONSOR NYU SCHOOL OF PROFESSIONAL STUDIES TISCH CENTER FOR HOSPITALITY AND TOURISM SCHOLARSHIP AWARDS
NAVIGATING THE COURSE: BALANCING THE INTERESTS OF BUYERS, SELLERS, LENDERS, AND BROKERS
REINVENTING LUXURY Fourth Floor, Wilder Room
WORKSHOP XXVII – Operations
ENHANCING THE CUSTOMER EXPERIENCE: THE CHANGING LANDSCAPE INCLUDING CONNECTIVITY, LOYALTY, AND CONSUMER FACING TECHNOLOGY Fourth Floor, Odets Room
WORKSHOP XXVIII – Finance
OVERBUILDING/OVER-SUPPLY Fourth Floor, O’Neill Room
WORKSHOP XXIX – Industry
THE BOUTIQUE BONANZA: DEFINED AS A HIGHLY SPECIALIZED, ELITE NICHE. INDEPENDENT OR AFFILIATED, THEY ARE CURRYING FAVOR WITH CHANGING TRAVELER TASTES Sixth Floor, Shubert Room
2:00 p.m. to 2:25 p.m.
BEYOND THE BOARDROOM Sixth Floor, Broadway Ballroom 2:30 p.m. to 3:30 p.m.
THE IREFAC C. EVERETT JOHNSON AWARD
Sixth Floor, Broadway Ballroom
FINANCIALLY SPEAKING: IREFAC INSIDERS
Sixth Floor, Broadway Ballroom Isabelle Claver, PwC, moderates a discussion on uber-luxury during the 2015 Conference.
3
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
SUNDAY, JUNE 5 6:00 p.m. to 8:00 p.m.
WELCOME RECEPTION
Sixth Floor, Broadway Ballroom Join us as we open the 2016 NYU International Hospitality Industry Investment Conference! Meet, mingle, and network with the professionals who drive this stimulating, changing, and fascinating industry. (Dress is business casual.)
Dennis Di Lorenzo, NYUSPS dean and Conference host, addressing attendees at the 2015 NYU International Hospitality Industry Investment Conference.
MONDAY, JUNE 6 7:00 a.m. to 7:55 a.m.
NETWORK AND NOSH
Fifth Floor, Westside Ballroom
8:00 a.m. to 11:20 a.m.
GENERAL SESSIONS
8:00 a.m. to 8:20 a.m.
WELCOME FROM NYUSPS
Sixth Floor, Broadway Ballroom A welcome to the Conference from the dean of the NYU School of Professional Studies and the president of New York University.
Enjoy a great breakfast with colleagues, as you prepare for an enlightening day that will focus on changes and trends in the industry.
Dennis Di Lorenzo Harvey J. Stedman Dean, NYU School of Professional Studies, Conference Host Andrew Hamilton President, New York University
8:25 a.m. to 8:45 a.m.
CONFERENCE CHAIR’S OPENING REMARKS
Sixth Floor, Broadway Ballroom An introduction on what is happening in the industry, why the Conference is important, and how it is structured to provide the most relevant and timely information. Jonathan M. Tisch Co-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts
8:50 a.m. to 9:10 a.m.
GOVERNMENT UPDATE
Sixth Floor, Broadway Ballroom Policymaking decisions on workforce, the environment, and transportation among other issues, impact our industry by affecting our day-to-day operations, as well as our longterm outcomes. Gain the most current view from our industry leaders on what is happening in Washington, DC and around the world that may influence our businesses in the months and years to come.
PANELISTS: Roger Dow President and Chief Executive Officer, US Travel Association Katherine Lugar President and Chief Executive Officer, American Hotel & Lodging Association
MODERATOR: Jonathan M. Tisch Co-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts
Sunday, June 5 – Monday, June 6 | 4
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 9:15 a.m. to 10:10 a.m.
10:15 a.m. to 10:45 a.m.
Sixth Floor, Broadway Ballroom
Sixth Floor, Broadway Ballroom
THE CEOs CHECK IN: A VIEW FROM THE TOP
Learn about the evolving investment landscape and the changing consumer base from top hospitality executives, as well as how the competition is pressing these CEOs to lead their brands and to differentiate their companies.
TO OWN OR NOT TO OWN? THAT IS THE QUESTION Discuss the pressing questions around ownership. Listen to investment leaders discuss the challenges and changes in the continuing debate over investment success strategies. MODERATOR:
MODERATOR:
Jeffrey A. Horwitz Corporate Partner, Head of Lodging & Gaming Practice and Co-Head of Private Equity Real Estate Group, Proskauer
Kristin Lamoureux, PhD Associate Dean and Clinical Associate Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism
PANELISTS:
Stephen P. Joyce Chief Executive Officer, Choice Hotels International Christopher J. Nassetta President and Chief Executive Officer, Hilton Worldwide Richard Solomons Chief Executive Officer, InterContinental Hotels Group (IHG) Arne Sorenson President and Chief Executive Officer, Marriott International
Founder, Chairman, and Chief Executive Officer of Ashford Group of Companies, Ashford
Sixth Floor, Broadway Ballroom Data is a critical factor in the hospitality industry for planning, growth, expansion, and taking advantage of new and emerging opportunities. Learn from two of the top industry research and consultation specialists about current trends, as well as their forecasts. CO-PRESENTERS: Amanda Hite President and Chief Operating Officer, STR
President and Chief Executive Officer, HVS
Jonathan Langer Chief Executive Officer, NorthStar Realty Finance Corp. Michael G. Medzigian Managing Partner, Watermark Capital Partners Mit Shah Chief Executive Officer and Senior Managing Principal, Noble Investment Group Nate Tyrrell Managing Director, Investments, Host Hotels & Resorts
@nyuhospitality
STATISTICALLY SPEAKING
Stephen Rushmore, Jr. Monty J. Bennett
PANELISTS:
10:50 a.m. to 11:20 a.m.
Left to right: Jonathan M. Tisch, Conference chair; Dorothy Jennings, Conference coordinator, HVS; and Dennis Di Lorenzo, NYUSPS dean and Conference host at the 2015 Conference.
Monday, June 6 | 5
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 11:25 a.m. to 11:55 a.m.
COFFEE BREAK IN THE EXPO CAFÉ Fifth Floor, Westside Ballroom
12:00 p.m. to 1:00 p.m.
CONCURRENT WORKSHOPS
Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.
The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.
WORKSHOP I – Finance
WORKSHOP II – Industry Data Continued
PRIVATE EQUITY: CASHING IN OR CASHING OUT? Fifth Floor, Westside Salon 1
As we edge closer to the peak of the current cycle, is hospitality still fertile ground for new private equity investment or are these investors beginning to cash out? This panel will provide valuable insights into how private equity investors are thinking about the lodging industry and its investments. MODERATOR: Francis J. Nardozza Chairman and Chief Executive Officer, REH Capital Partners
DEMAND, PRICES, PROFITS, AND VALUES—WHAT TO EXPECT IN THE YEAR AHEAD Fifth Floor, Juilliard Room
The maturing state of the current cycle presents interesting opportunities and challenges for the road ahead. Learn about the maturing state of the current cycle as well as what to expect in the immediate future. Representatives from some of the leading lodging industry information sources will share their perspectives on the key drivers of hotel performance for the remainder of this year and next. MODERATOR:
PANELISTS: • Glenn Alba, Managing Director, Blackstone
2015 NYU Conference scholarship recipient Zachary Tranter addressing attendees.
WORKSHOP III – Operations
THE NEW FACE OF HOTEL OWNERSHIP—ASSET MANAGERS Fifth Floor, Broadhurst Room
Hotel and investment leaders describe the roles of modern asset managers, who uses them, and what they can accomplish that individual owners cannot. MODERATOR: Richard Warnick Managing Director and Co-Chair, CHMWarnick PANELISTS:
R. Mark Woodworth
• Steven Angel, Principal, Fulcrum Hospitality
Senior Managing Director, CBRE Hotels’ Americas Research
• Greg Bingaman, Director, Asset Management, Westmont Hospitality Group
• Michael Depatie, Managing Partner, KHP Capital Partners
PANELISTS:
• Michael Klingher, Senior Managing Director, Westmont Hospitality Group
• Barrett R. Boston, President, Americas, TravelClick
• Cia Buckley Marakovits, Chief Investment Officer, Dune Real Estate Partners
• Vail Brown, Senior Vice President of Global Business Development and Marketing, STR
• Christian J. Ryan, Managing Director, US Real Estate and Hospitality Practice – US Hospitality & Gaming Practice Leader, Marsh & McLennan Companies
• Suzanne R. Mellen, Senior Managing Director of Consulting and Valuation, HVS
• Howard B. Isaacson, Senior Vice President, Asset Management, RLJ Lodging Trust • Christopher Ostapovicz, Regional Vice President, Asset Management, Host Hotels & Resorts
• Brian Payea, Head of Industry Relations, TripAdvisor • Sue Spinney, Senior Director of Market Management, Expedia
@nyuhospitality
Monday, June 6 | 6
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 WORKSHOP IV – Design
WORKSHOP V – Industry
Fourth Floor, Odets Room
Sixth Floor, Shubert Room
BLURRED VISION: UNDERSTANDING THE HOTEL TIER DIFFERENCES
DIFFERENTIATED AND EXPERIENTIAL LUXURY
In the hotel industry, lines are blurred between select service and full service, luxury and boutique, lifestyle and soft brands, making it difficult to distinguish among tiers. How can chains differentiate between new brands being added in this crowded marketplace? Brand representatives will discuss strategy and design characteristics and how these tiers can strive to set themselves apart.
As the luxury market expands, differentiating in this space becomes increasingly difficult. Luxury hotels have to deliver a unique experience in an ever-changing global marketplace to stay ahead. Hear how luxury leaders honor diverse and escalating service demands of customers across generations, geographies, and cultures, while continuing to expand their profitability.
MODERATOR:
MODERATOR:
Jonathan C. Nehmer
Meghan Cocci
Chairman and Founder, Jonathan Nehmer + Associates
Co-Chair, Global Hotels and Leisure, Dentons
WORKSHOP VI – Finance
THE CAPITAL AGENDA – HOW CONFIDENT ARE YOU? PERSPECTIVES FROM THE C-SUITE Fourth Floor, Wilder Room
How are industry leaders approaching growth and innovation? What are the most important questions to be addressed as we look ahead? MODERATOR: Michael A. Fishbin Global & Americas Hospitality Leader, EY PANELISTS: • Gaurav Bhushan, Global Chief Development Officer, AccorHotels
PANELISTS:
PANELISTS:
• Jeanmarie Cooney, Chief Financial Officer, Wyndham Hotel Group
• Jim Holthouser, Executive Vice President, Global Brands, Hilton Worldwide
• Michael F. Glennie, President and Chief Operating Officer, FRHI Hotels & Resorts
• Deric Eubanks, Chief Financial Officer, Ashford
• Sandra Cordova Micek, Senior Vice President of Global Brands, Hyatt Hotels Corporation
• Jason Herthel, President and Chief Operating Officer, Montage Hotels & Resorts
• John S. Hamilton, Senior Vice President, Acquisitions and Business Development, Pyramid Hotel Group
• David Pepper, Chief Development Officer, Choice Hotels International
• Ben Leahy, Managing Director, Head of Lodging Group Investment Banking, Goldman, Sachs & Co.
• Glenn Wasserman, Executive Vice President and Chief Financial Officer, Denihan Investments
• Homi Vazifdar, Managing Director, Canyon Equity
• Todd G. Wynne-Parry, Executive Vice President, Global Acquisitions and Development, Commune Hotels + Resorts/ Destination Hotels
• Allison Reid, Senior Vice President of Development and Acquisitions, North America, Starwood Hotels & Resorts Worldwide • Noah J. Silverman, Chief Development Officer, North America Full Service Hotels, Marriott International
Meghan Cocci of Dentons, far right, moderates a discussion on luxury—a sought-after lifestyle of five‑star service and upscale accommodations. Panelists from left to right—Jan D. Goessing, Mandarin Oriental Hotel Group; Michael F. Glennie, FRHI Hotels & Resorts; Raymond “Rip” Gellein, Jr., Strategic Hotels & Resorts; and Alfredo A. Carvajal, Delos.
@nyuhospitality
Monday, June 6 | 7
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 WORKSHOP VII – Finance
REITs – THE BALANCING ACT BETWEEN INDUSTRY FUNDAMENTALS, LIQUIDITY, AND WALL STREET ANALYSTS
WORKSHOP VIII – Industry
MORE BANG FOR YOUR INVESTMENT BUCK!
GENERAL SESSIONS
Fourth Floor, O’Neill Room
Is there a REIT comeback as one of the industry’s preeminent investors? Listen to leaders debate the challenges of making REITs productive and successful in current and future hotel markets.
Why does institutional money have a fascination with limited service? The limited service model continues to outperform and provide solid returns. Hear about the power of limited service hotels in commanding institutional money, as well as their increasing attractiveness to certain investment groups.
MODERATOR:
MODERATOR:
Sixth Floor, Majestic Room
1:00 p.m. to 3:15 p.m.
1:00 p.m. to 2:00 p.m.
LUNCHEON
Sixth Floor, Broadway Ballroom
WELCOME Dennis Di Lorenzo
David Eisen
Gilda Perez-Alvarado
Harvey J. Stedman Dean, NYU School of Professional Studies
Editor in Chief, Hotel Management
Managing Director, JLL
PANELISTS:
PANELISTS:
• Jonathan Mehlman, Chief Executive Officer and President, AR-Global Hospitality Trust
• Navneet Bali, Chief Executive Officer, MEININGER Hotels
• Ashish R. Parikh, Chief Financial Officer, Hersha Hospitality Trust
• Lance Miceli, Executive Vice President and Chief Marketing Officer, G6 Hospitality
• Lou Plasencia, Chief Executive Officer, The Plasencia Group
• Brian Quinn, Chief Franchise Officer, RLHC
Michael A. Leven
• Rajiv K. Trivedi, Executive Vice President and Chief Development Officer, La Quinta Inns & Suites
Chairman and Chief Executive Officer, Georgia Aquarium
• Richard A. Smith, President and Chief Executive Officer, FelCor Lodging Trust • Marcel Verbaas, President and Chief Executive Officer, Xenia Hotels & Resorts
HOTEL NEWS NOW STEPHEN W. BRENER SILVER PLATE AWARD RECIPIENT:
CO-PRESENTERS: Jeff Higley Vice President/Editorial Director, STR/Hotel News Now Stephanie Ricca Editor in Chief, Hotel News Now
John Putrino, BMO Capital Markets, far left, moderates a 2015 panel discussion on the lending environment. Panelists left to right: Gary E. Axelrod, Latham & Watkins; Mark J. Gerstein, InterContinental Hotels Group (IHG); Mark Lanspa, Wells Fargo Bank, N.A.; Diane Morefield, Strategic Hotels & Resorts; and Rene J. Theriault, Goldman, Sachs & Co.
@nyuhospitality Monday, June 6 | 8
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 2:05 p.m. to 2:35 p.m.
ONE ON ONE WITH JONATHAN GRAY… MODERATED BY MARIA BARTIROMO Sixth Floor, Broadway Ballroom INTERVIEW GUEST: Jonathan D. Gray
3:20 p.m. to 3:50 p.m.
COFFEE BREAK IN THE EXPO CAFÉ Fifth Floor, Westside Ballroom
Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.
Global Head of Real Estate, Blackstone 4:00 p.m. to 5:00 p.m.
CONCURRENT WORKSHOPS INTERVIEW MODERATOR: Maria Bartiromo Anchor and Global Markets Editor, FOX Business Network
The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.
WORKSHOP X – Operations
FRANCHISING: IT’S DOMINATING THE INDUSTRY’S GROWTH Sixth Floor, Shubert Room
This workshop will examine the changes in franchising and explore the various ways the franchise model is evolving. What are the hot topics in franchising from the perspective of hotel companies, owners, and operators? How do franchisers and owners/operators expand their relationships to ensure win/win results? MODERATOR: Joel M. Eisemann Chief Development Officer, Americas, InterContinental Hotels Group (IHG)
WORKSHOP IX – Finance 2:40 p.m. to 3:15 p.m.
BEYOND THE STATISTICS: THE ECONOMISTS’ PROGNOSTICATE Sixth Floor, Broadway Ballroom
Record low interest rates, a steady rise in the stock market, and overall low volatility are all contributing factors to the present fiscal environment affecting the hospitality industry. Hear renowned economic thought leaders analyze the current financial climate and offer their predictions for the coming years. MODERATOR: Peter Linneman
MANAGEMENT AGREEMENT OR LICENSE DEAL—WHAT’S YOUR PREFERENCE? Fifth Floor, Juilliard Room
The management contract has been the mechanism of choice for many years in the hotel industry. Now, other models are evolving that provide hotel owners with the representation they need and a measure of flexibility they’ve long desired. License deals are a notable example of this trend. This panel will explore the risks and rewards of these alternatives. MODERATOR:
Professor Emeritus, The Wharton School, The University of Pennsylvania; Principal, Linneman Associates PANELISTS:
Todd E. Soloway Partner, Pryor Cashman
PANELISTS: • Craig J. Aniszewski, Executive Vice President and Chief Operating Officer, Summit Hotel Properties • Barry A.N. Bloom, Executive Vice President and Chief Operating Officer, Xenia Hotels & Resorts • Bill Fortier, Senior Vice President, Development, Americas, Hilton Worldwide • Naveen P. Kakarla, President and Chief Executive Officer, HHM • Michael Morton, Vice President of Owner Relations, Best Western Hotels & Resorts • Mehul Patel, Chairman and Chief Executive Officer, NewcrestImage
PANELISTS: William Lee Managing Director and Head of North America Economics, Citi Research Steven W. Pedigo Director, NYU School of Professional Studies Initiative for Creativity and Innovation in Cities; Clinical Assistant Professor of Economic Development, NYU School of Professional Studies
• Andrew Bullard, Vice President and Assistant General Counsel, Host Hotels & Resorts • Jim Butler, Chairman, Global Hospitality Group, Jeffer Mangels Butler & Mitchell • Jeffrey Schagren, General Counsel, Vice President, and Regional Talent and Culture Leader, AccorHotels • Robert Winchester, President and Chief Operating Officer, Waterford Hotel Group
NYUSPS Tisch Center for Hospitality and Tourism Alumni networking at recent alumni event.
Monday, June 6 | 9
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 WORKSHOP XI – Industry
NEW AGE INDEPENDENTS: A FRESH FACE FOR THE HOTEL INDUSTRY Fourth Floor, Odets Room
Movers and shakers in the independent hotel sector discuss their successful use of guest experiences, social media, and finding those less capital-intensive, fixer-upper projects. MODERATOR: Jeff Weinstein
WORKSHOP XII – Finance
THE YEAR OF CONSOLIDATION: M&A IS THE TALK OF THE TOWN AS LODGING REITs, LODGING C-CORPS, AND TIMESHARE COMPANIES MERGE
• Sean Hennessey, Clinical Assistant Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism • Benjamin Weprin, Chief Executive Officer, AJ Capital Partners
Fourth Floor, O’Neill Room
What is driving the trend and why now, after so many years? Join this panel for a discussion on M&A and financing in the rapidly evolving lodging sector. MODERATOR:
MODERATOR: Len Wolman
Drew Goldman
Chairman and Chief Executive Officer, Waterford Group
Managing Director and Global Co-Head, Real Estate Investment Banking, Deutsche Bank Securities
PANELISTS:
• Costa Dimas, Chief Business Officer, OE Collection – Loews Hotels
GETTING THE BEST ROI IN DISTRIBUTION With so many diverse distribution channels available, how do owners and operators determine the right mix of channels and partnerships from brands, OTAs, search engines, meta search providers, and other vehicles for maximum profitability?
Fifth Floor, Broadhurst Room
Editor in Chief, HOTELS Magazine/HOTELS’ Investment Outlook
• Richard Born, Principal, BD Hotels
WORKSHOP XIII – Operations
PANELISTS:
PANELISTS:
• Michael D. Bluhm, Managing Director, Global Head of Lodging and Leisure, Morgan Stanley
• Ravneet Bhandari, Chief Executive Officer, LodgIQ
• Steven L. Lichtenfeld, Corporate Partner, Real Estate Capital Markets and Real Estate Finance Groups, Proskauer
• Patrick T. Bosworth, Co-Founder and Chief Executive Officer, Duetto • Stephen Fitzgerald, Vice President, Global OTA and Wholesale, Hilton Worldwide
• Steven Moore, Managing Director and Head of US Real Estate Deal Advisory, KPMG
• Cindy Estis Green, Co-Founder and Chief Executive Officer, Kalibri Labs
• Davin Thigpen, Managing Director, Real Estate and Lodging Investment Banking, J.P. Morgan
• Melissa Maher, Senior Vice President, Global Partner Group, Expedia
• Paul M. Whyte, Managing Director and Global Co-Head of Real Estate Investment Banking, Credit Suisse
Lawrence Cohen, Marks Paneth, far left, moderates a panel on the social centers of hotels and how they have evolved. Panelists from left to right: James L. Gersten, BR Guest Hospitality; and Niki Leondakis, Commune Hotels + Resorts.
• Alexander Pyhan, Vice President, Global Distribution, Marriott International
@nyuhospitality Monday, June 6 | 10
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
MONDAY, JUNE 6 WORKSHOP XIV – Finance
THE HOTTEST PROPERTY TRANSACTIONS IN THE HOSPITALITY MARKETPLACE
WORKSHOP XV – Industry
5:00 p.m. to 6:30 p.m.
Sixth Floor, Majestic Room
Eighth Floor, Broadway Lounge
RESORTS REDEFINED
What’s hot? What’s not? Listen to our panelists discuss the latest trends in property transactions in the market. Gain insight into what to look for now and where future opportunities lie.
It’s not your grandpa’s resort anymore. Listen to experts discuss how resort investment and management are evolving. Learn about new concepts in resort development and management, based upon changing customer demands, facility structures, and new opportunities in tourism.
MODERATOR:
MODERATOR:
Fourth Floor, Wilder Room
Director, Hospitality and Leisure, PwC
Partner, McDermott Will & Emery
PANELISTS:
PANELISTS:
• Peter Dannemiller, Managing Director, Hodges Ward Elliott
• Bart Carnahan, Executive Vice President of Global Development, Four Seasons Hotels and Resorts
• Teague Hunter, President, Hunter Hotel Advisors • Kevin E. Mallory, Senior Managing Director and Global Head, CBRE Hotels • Lawrence B. Wolfe, Senior Managing Director, Eastdil Secured
Enjoy your favorite beverages and savor tasty selections, specially prepared by Marriott culinarians. It’s the perfect way to begin your evening as you mingle with friends and colleagues, and take in the lights and the excitement of Times Square.
Isabelle Claver
Keith M. Pattiz
• Jeffrey Davis, International Managing Director, JLL
GRAND NETWORKING RECEPTION
• John L. Cohlan, Chief Executive Officer, Margaritaville Holdings • Michael Fuerstman, Founder and Chief Executive Officer, Montage Hotels & Resorts • Stephen R. Ledoux, Partner and Co-Chair Hotel Group, Davis Wright Tremaine • Bruce D. Wardinski, Chairman and Chief Executive Officer, Playa Hotels & Resorts
Patrick Mayok, Hotel News Now, far left, moderates a 2015 NYU Conference panel on what defines a true independent hotel in today’s marketplace. From left to right: Vijay Dandapani, Apple Core Hotels; Karen E. Rubin, Starwood Hotels & Resorts Worldwide; Jay Stein, Hampshire Hotels Management; Michael Tall, Charlestowne Hotels; and Lindsey Ueberroth, Preferred Hotels & Resorts.
Monday, June 6 | 11
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 7:15 a.m. to 8:15 a.m.
9:15 a.m. to 9:45 a.m.
9:50 a.m. to 10:25 a.m.
Fifth Floor, Westside Ballroom
Sixth Floor, Broadway Ballroom
Sixth Floor, Broadway Ballroom
NETWORK AND NOSH
Enjoy a tasty breakfast with colleagues, as you prepare for an enlightening day that will focus on changes and trends in the industry. 8:30 a.m. to 11:05 a.m.
GENERAL SESSIONS
THE LEADERS CHECK IN – PART TWO Building on the themes discussed in past sessions, C-suite executives reflect upon the state of the industry and deliberate about the most critical issues affecting this continuously evolving and expanding business sector. MODERATOR:
8:30 a.m. to 9:10 a.m.
Adam F. Weissenberg
THE LEADERS’ FORUM
Global Travel, Hospitality, and Leisure Leader, Deloitte
Sixth Floor, Broadway Ballroom A distinguished panel of renowned industry leaders discuss pertinent topics from diverse perspectives. Hear from those in the top echelons of the hospitality industry and acquire a deeper understanding of the issues and the opportunities at hand. MODERATOR: Scott D. Berman Principal and Industry Leader, Hospitality and Leisure, PwC
Christophe Alaux Chief Executive Officer, North America, Central America, and the Caribbean (NCAC), AccorHotels
Executive Vice President and Chief Financial Officer, Hilton Worldwide David Kong President and Chief Executive Officer, Best Western Hotels & Resorts
Rick Ross
PANELISTS: Mark W. Brugger
Bill J. Ferguson
President and Chief Executive Officer, DiamondRock Hospitality Company
Chairman and Chief Executive Officer, Ferguson Partners
Daniel P. Hansen
President and Chief Executive Officer, Hyatt Hotels Corporation Javier Rosenberg
Kevin J. Jacobs
MODERATOR:
Co-Chair, Global Hotels and Leisure, Dentons
Mark S. Hoplamazian President and Chief Executive Officer, Wyndham Hotel Group
They have been buying, selling, operating, and branding—and after carefully reviewing the economics, each one of these panelists has a unique perspective to share on where the industry is now and where it is heading. Gain an insider’s view from some of the principal hospitality, finance, and hotel real estate executives in the country.
PANELISTS:
PANELISTS: Geoff A. Ballotti
A VIEW FROM THE OWNER’S SEAT
Chief Operating Officer, Americas, Carlson Rezidor Hotel Group Simon M. Turner President, Global Development, Starwood Hotels & Resorts Worldwide
President and Chief Executive Officer, Summit Hotel Properties Kirk Kinsell President and Chief Executive Officer, Loews Hotels & Resorts Tyler Morse Chief Executive Officer, Founder, and Managing Partner, MCR Development Suril Shah Managing Director, Starwood Capital Group
Elie Maalouf Chief Executive Officer, The Americas, InterContinental Hotels Group (IHG) J. Allen Smith President and Chief Executive Officer, Four Seasons Hotels and Resorts
@nyuhospitality Tuesday, June 7 | 12
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 10:30 a.m. to 11:05 a.m.
ANATOMY OF A TRANSACTION Sixth Floor, Broadway Ballroom
Two of the country’s leading real estate deal-makers will provide insights into several of the most compelling lodging transactions to take place during the last year. This will include underwriting issues, structuring challenges and implementation of repositioning strategies, and value enhancement initiatives.
From left to right: Craig Karmin, The Wall Street Journal, moderates The Titans of Real Estate panel with Jonathan D. Gray, Blackstone; and Barry Sternlicht, Starwood Capital Group.
MODERATOR: Arthur Adler Managing Director and Chief Executive Officer – Americas, JLL PANELISTS: Tyler Henritze Senior Managing Director and Co-Head of US Acquisitions, Blackstone
11:10 a.m. to 11:40 a.m.
COFFEE BREAK IN THE EXPO CAFÉ
11:45 a.m. to 12:45 p.m.
Fifth Floor, Westside Ballroom
CONCURRENT WORKSHOPS
Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.
The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.
William Rahm Senior Managing Director, Centerbridge Partners
WORKSHOP XVI –Finance
THE LENDERS’ FORUM: THE DEBT/ TRANSACTION MARKETPLACE “NOW AND BEYOND” Fifth Floor, Westside Salon 1
The availability of financing during this cycle has played a major role in the transaction volume and values. Will it continue to do so and on what terms? How will the environment look this time around when the music stops? A focused discussion regarding the current state of, and the outlook for, the debt market, as well as the experts’ thoughts on how the next downturn might differ (if at all) from prior ones.
@nyuhospitality
MODERATOR: Gary E. Axelrod Partner and Co-Chair, Hospitality, Gaming, and Leisure Industry Group, Latham & Watkins
PANELISTS: • Aditya Bhoopathy, Principal and Executive Vice President, Investment Management, Noble Investment Group • Edward Hoganson, Chief Financial Officer, AR-Global Hospitality Trust • David Kieske, Managing Director, Eastdil Secured • Mark Lanspa, Executive Vice President, Wells Fargo Bank • Rene J. Theriault, Managing Director, Goldman, Sachs & Co.
Tuesday, June 7 | 13
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 WORKSHOP XVII – Industry
WORKSHOP XVIII – Design
Sixth Floor, Majestic Room
Fourth Floor, Odets Room
THE NEW HOSPITALITY LIFESTYLE: EMERGING BRANDS After decades of copycat experience, wellestablished and upstart hotel companies alike are on an unprecedented streak of rolling out new brands—whether recently introduced collections or newly created portfolios of existing hotels. While each offers a distinctive experience, will consumers flock to all of these new brands? The innovators discuss what’s behind this surge in emerging hotel brands.
ON DECK: “NEXTGENDESIGN: DESIGNS CHANGING AT LIGHT SPEED” Communal dining, branded beds, LED TVs, and front desk pods were once the latest trends, but now are considered the new normal. What’s next? Designers and owners explore what is on the horizon for the next generation of great hotel design ideas and how these new designs will be influenced by guest demands and preferences. MODERATOR:
MODERATOR:
Stacy Shoemaker Rauen
WORKSHOP XIX – Industry
CRYSTAL BALL FOR THE SELECTSERVICE SEGMENT: THE FUTURE OF AN INDUSTRY DARLING Fourth Floor, O’Neill Room
The select service model offers efficient operating margins to owners and strong returns for investors. What will this segment look like in 10 years as the US economy changes, the potential for a downturn increases, and guests request different options? Explore the supply outlook for this segment, and how developers and operators can continue to reap strong returns. MODERATOR:
Editor in Chief, Hospitality Design Magazine
John Melicharek Partner, BakerHostetler
Stephanie Ricca Editor in Chief, Hotel News Now
PANELISTS: PANELISTS: • Carlos Becil, Executive Vice President and Chief Marketing Officer, Equinox • Ellen Brown, Executive Vice President, Acquisitions and Development, Denihan Investments • Evan Frank, Co-Founder, onefinestay • Trevor Horwell, Chief Executive, Nobu Hospitality Group • Mark Keiser, Chief Development Officer, SH Group – Baccarat Hotels & 1 Hotels
• Gary Dollens, Global Head, Design/Product and Brand Development, Global Operations, Hyatt Hotels Corporation • Warren G. Feldman, Chief Executive Officer, Jonathan Nehmer + Associates • Roger Hill, Chairman and Chief Executive Officer, The Gettys Group • Amy Hulbert, Managing Director of Design, Best Western Hotels & Resorts • Tim Peck, Chairman, OBMI
PANELISTS: • James Carroll, President and Chief Executive Officer, Crestline Hotels & Resorts • Chris Drazba, Vice President, Core Brands Development, InterContinental Hotels Group (IHG) • Kate B. Henriksen, Senior Vice President of Investment and Portfolio Analysis, RLJ Lodging Trust • Ron Pohl, Senior Vice President, Brand Management, Best Western Hotels & Resorts • Mark D. Shalala, Vice President of Development – Cambria Hotels & Suites, Choice Hotels International
NYUSPS Tisch Center for Hospitality and Tourism Alumni at a Past Presidents Reception.
@nyuhospitality Tuesday, June 7 | 14
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 WORKSHOP XX – Operations
HIGH YIELD RETURNS – LEVERAGING CREATIVE BUSINESS PLANS TO ACHIEVE HIGH YIELD RETURNS AT THIS POINT IN THE CYCLE Fifth Floor, Juilliard Room
Great returns are still achievable if you have developed and implemented a unique, yet solid business plan. Opportunities to acquire “distressed” assets via a renovation and management change are significantly more limited. Join the experts who will discuss recent hospitality acquisitions that have achieved high-yield returns using non-traditional approaches. MODERATOR:
WORKSHOP XXI – Development
HUMAN CAPITAL: DRIVING CORPORATE CULTURE AND SUCCESSFUL RECRUITING STRATEGIES IN AN EVER-CHANGING ENVIRONMENT FOR TALENT Sixth Floor, Shubert Room
Hiring is a leading indicator on where markets are heading. Although a “return to the norm” may be on the horizon, the demand for human capital will remain above the norm. This session will address how brands and owners are driving culture to recruit successfully in an extremely competitive marketplace.
Lawrence J. Krema
Founder and Chief Executive Officer, Hotel Asset Value Enhancement (hotelAVE)
Managing Director, Ferguson Partners
PANELISTS:
PANELISTS:
• Erik Browning, Vice President of Business Consulting, The Rainmaker Group
• Ann M. Fastiggi, Head, Hospitality and Leisure Practice, RSR Partners
• Fern I. Kanter, Managing Director and Executive Vice President, CHMWarnick
• Keith Kefgen, Chief Executive Officer and Managing Director, AETHOS Consulting Group
• Jeremy Welter, Executive Vice President of Asset Management, Ashford • Andrew Wharton, Managing Director, REH Capital Partners
SOCIAL MEDIA, EMOTIONAL CONNECTIONS, AND THE BOTTOMLINE Fourth Floor, Wilder Room
To the consumer, the offline and online worlds are one, forcing hoteliers to make that critical emotional connection with guests prior to a final purchase decision. A panel of NYU School of Professional Studies Tisch Center alumni will explore how smart hoteliers are finding ways to excite and delight customers online, which ultimately will lead to happier guests paying premium prices. MODERATOR: Glenn Haussman Editor at Large, Hotel Management
MODERATOR:
Michelle S. Russo
• Cynthia Potter, Vice President of Real Estate Investment Management, Starwood Hotels & Resorts Worldwide
WORKSHOP XXII – NYU Alumni Panel
PANELISTS: • Ronald Castro, Strategic Marketing and E-commerce Consultant; Adjunct Faculty Member, NYU School of Professional Studies Tisch Center for Hospitality and Tourism • Jaimie Choi, Manager, Hotel Development Planning, Trump Hotels WORKSHOP XXIII – Legal
• David A. Rodriguez, Executive Vice President and Global Chief Human Resources Officer, Marriott International
THE LEGAL ISSUES EVOLVING OUT OF THIS ERA OF CONSOLIDATION
• Matt Schuyler, Chief Human Resources Officer, Hilton Worldwide
A team of experts will discuss the complexities of acquisitions and new partnerships, as well as the pluses and minuses for the industry. Is this ongoing consolidation beneficial for the consumer and the continued growth of the chain?
• Simon Sinek, Author and Optimist, Start With Why
Fifth Floor, Broadhurst Room
MODERATOR: Rick S. Kirkbride Partner, Paul Hastings
PANELISTS: • Terence Badour, Executive Vice President, Law and Administration, FRHI Hotels & Resorts • Peter Benudiz, Partner, Sidley Austin • Larry Kwon, Managing Director, Moelis & Company NYUSPS Tisch Center for Hospitality and Tourism Alumni at Past Presidents Reception.
• Christopher A. Nowak, Executive Vice President and General Counsel, Wyndham Hotel Group
Tuesday, June 7 | 15
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 1:00 p.m. to 3:30 p.m.
GENERAL SESSIONS
1:00 p.m. to 1:55 p.m.
LUNCHEON
Sixth Floor, Broadway Ballroom
2:00 p.m. to 2:25 p.m.
BEYOND THE BOARDROOM Sixth Floor, Broadway Ballroom
During this tumultuous election season, Jonathan Tisch will interview a top political insider. Join us for a fascinating discussion, and gain insight into the upcoming Presidential election and how it can potentially affect the economy and this industry. INTERVIEW GUEST:
CONFERENCE PATRON AND SPONSOR NYU SCHOOL OF PROFESSIONAL STUDIES TISCH CENTER FOR HOSPITALITY AND TOURISM SCHOLARSHIP AWARDS
Jonathan Karl Chief White House Correspondent, ABC News
The latest (and greatest) from IREFAC. The Industry Real Estate Finance Advisory Council is a highly respected organization, operating under the American Hotel & Lodging Association umbrella. It meets twice a year to discuss the latest deals, industry occurrences, and trends. In addition, it provides the dollars that enable deals to go forward. This session affords attendees an inside look at an IREFAC meeting. CO-MODERATORS: Laurence Geller Chairman, Geller Investment Co.
Jonathan M. Tisch Co-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts
PRESENTER:
Associate Dean and Clinical Associate Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism
Sixth Floor, Broadway Ballroom
INTERVIEW MODERATOR:
Each year, generous contributions for conference sponsorship support graduate and undergraduate Tisch Center scholars and programs. Meet some of our best and brightest.
Kristin Lamoureux, PhD
FINANCIALLY SPEAKING: IREFAC INSIDERS
2:30 p.m. to 3:30 p.m.
THE IREFAC C. EVERETT JOHNSON AWARD Sixth Floor, Broadway Ballroom
Each year, IREFAC presents an award to an individual in the hospitality community, who has shown remarkable business acumen in leading his/her organization to new levels of financial success.
Neil H. Shah President and Chief Operating Officer, Hersha Hospitality Trust PANELISTS: Jackson Hsieh Vice Chairman, Investment Banking Division, Morgan Stanley
Christopher J. Jordan Executive Vice President, Wells Fargo Commercial Real Estate
RECIPIENT: Neil H. Shah President and Chief Operating Officer, Hersha Hospitality Trust
Michael G. Medzigian Managing Partner, Watermark Capital Partners
PRESENTER: Laurence Geller Chairman, Geller Investment Co.
Michael Murphy Head of Lodging and Leisure Capital, First Fidelity Companies
Stephen D. Plavin Jonathan M. Tisch, Conference chair, left, with 2015 Beyond the Boardroom interview guest, J.W. Marriott, Jr., Marriott International.
Chief Executive Officer, Blackstone Mortgage Trust
Tuesday, June 7 | 16
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 3:45 p.m. to 4:45 p.m.
CONCURRENT WORKSHOPS The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.
Gilda Perez-Alvarado, JLL, far left, moderates a discussion on REITs and whether it is best to buy, borrow, or sell. Panelists left to right: Kapila K. Anand, KPMG; Jeffrey Dauray, RLJ Lodging Trust; Ashish R. Parikh, Hersha Hospitality Trust; and Richard A. Smith, FelCor Lodging Trust.
WORKSHOP XXIV – Industry
CUBA: GLIMPSES OF POSSIBILITY FOR THE FORBIDDEN ISLAND Fifth Floor, Broadhurst Room
This session will explore the current state of play for lodging and tourism hotel development in Cuba. As relations thaw, we’ll delve into what 50 years as a political pawn have meant for this island. Perceptions and realities of the opportunities and challenges that lie ahead will be discussed by a variety of experts.
WORKSHOP XXV – Finance
NAVIGATING THE COURSE: BALANCING THE INTERESTS OF BUYERS, SELLERS, LENDERS, AND BROKERS Fifth Floor, Juilliard Room
Faced with a dynamic market, owners need direction. They seek guidance from experienced brokers who have a handle on lending criteria as well as on buyer expectation of current values.
WORKSHOP XXVI – Industry
REINVENTING LUXURY Fourth Floor, Wilder Room
Completing deals in the luxury segment today is no easy task. What components, style, and real estate opportunities are attracting capital? What are the hot markets for development? What are the challenges and who has overcome them? MODERATOR: Stefani C. O’Connor
MODERATOR:
Executive News Editor, Hotel Business
MODERATOR: Anne R. Lloyd-Jones
Mark A. Lunt
Senior Managing Director, HVS
Principal, EY
PANELISTS: PANELISTS:
PANELISTS:
• Richard Baker, Executive Vice President, Operations Director – Asia, Mandarin Oriental Hotel Group
• Collin Laverty, President, Cuba Educational Travel
• Thomas P. McConnell, Executive Managing Director, Global Hospitality Group, Cushman & Wakefield
• Nelson F. Migdal, Co-Chair, Hospitality Practice Group, Greenberg Traurig
• Jonathan K. Morrow, Senior Vice President, Hodges Ward Elliott
• James M. Erlacher, Vice President of Development, AccorHotels
• Alex Zozaya, Chief Executive Officer, Apple Leisure Group
• Mark K. Owens, Executive Vice President and Head of Hospitality Capital Markets, CBRE
• Kevin Montano, Senior Vice President, EDITION Global Development, Marriott International
• Daniel C. Peek, Senior Managing Director, HFF
• Kim Richards, President, The Athens Group
• Robert E. Wiemer, Jr., Managing Director, The Plasencia Group
• Yvonne Choi, Chief Development Officer, Cachet Hotel Group
Tuesday, June 7 | 17
38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
CONFERENCE AGENDA AS OF June 1, 2016
TUESDAY, JUNE 7 WORKSHOP XXVII – Operations
ENHANCING THE CUSTOMER EXPERIENCE: THE CHANGING LANDSCAPE INCLUDING CONNECTIVITY, LOYALTY, AND CONSUMER FACING TECHNOLOGY Fourth Floor, Odets Room
What is the future role of technology and what is likely to be its impact on operations and guest interaction/guest satisfaction? Can technology provide more revenue enhancement opportunities?
WORKSHOP XXVIII – Finance
OVERBUILDING/OVER-SUPPLY Fourth Floor, O’Neill Room
Is history repeating itself? (Doesn’t the industry ever learn?) Historically, the hotel industry lives through a series of booms and busts. We have clearly been through a boom, but how close are we to a bust…or will this time be different? MODERATOR: Lawrence Cohen
MODERATOR:
Partner and Hospitality Group Leader, Marks Paneth
Guy Langford Vice Chairman, US THL Leader, Deloitte PANELISTS: • Brian Barr, Senior Vice President, Business Transformation, IT, and E-commerce, Trump Hotels • Jeff Bzdawka, Senior Vice President of Global Hotel Operations, Hyatt Hotels Corporation • Richard Flores, Vice President, Branding for Radisson, Carlson Rezidor Hotel Group
WORKSHOP XXIX – Industry
THE BOUTIQUE BONANZA: DEFINED AS A HIGHLY SPECIALIZED, ELITE NICHE. INDEPENDENT OR AFFILIATED, THEY ARE CURRYING FAVOR WITH CHANGING TRAVELER TASTES Sixth Floor, Shubert Room
Explore the future of lifestyle hotels and boutiques: How much room is there for these types of experiences? Can smaller brands differentiate themselves in the marketplace? Can owners (and their lenders) continue to gain traction with boutiques versus mainstream brands? MODERATOR:
PANELISTS:
Phillip Gordon Partner, Perkins Coie
• Cheryl Boyer, Chief Operating Officer, Fulcrum Hospitality • Bill Grice, Executive Vice President, JLL • Stephen M. Jennings, Principal and US Leader for Hospitality, Deloitte • Jess Petitt, Vice President, Global Business Analytics, Hilton Worldwide • Yuval Tal, Partner and Office Head, Hong Kong and Beijing, Proskauer
• Barry S. Goldstein, Chief Digital and Distribution Officer, Wyndham Hotel Group • Robert McDowell, Chief Commercial Officer, Choice Hotels International
Discussing hotel loyalty programs at the 2015 Conference, from left to right: Jamie Russo, Choice Hotels International; and Ellen T. Berge, Venable.
PANELISTS: • Mike DeFrino, Chief Executive Officer, Kimpton Hotels & Restaurants • Niki Leondakis, Chief Executive Officer, Commune Hotels + Resorts • Joseph D. Long, Managing Partner, KHP Capital Partners • Jay H. Shah, Chief Executive Officer, Hersha Hospitality Trust • Jay Stein, Chief Executive Officer, DREAM Hotel Group
@nyuhospitality Tuesday, June 7 | 18