Professional Documents
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International Hospitality Industry Investment Conference JUNE 5-7, 2016
International Hospitality Industry Investment Conference JUNE 5-7, 2016
International Hospitality Industry Investment Conference JUNE 5-7, 2016
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
AT-A-GLANCE
2
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
AT-A-GLANCE
TUESDAY, JUNE 7
7:15 a.m. to 8:15 a.m. WORKSHOP XX – Operations 3:45 p.m. to 4:45 p.m.
NETWORK AND NOSH HIGH YIELD RETURNS – LEVERAGING CONCURRENT WORKSHOPS
Fifth Floor, Westside Ballroom CREATIVE BUSINESS PLANS TO
ACHIEVE HIGH YIELD RETURNS WORKSHOP XXIV – Industry
8:30 a.m. to 11:05 a.m. AT THIS POINT IN THE CYCLE CUBA: GLIMPSES OF POSSIBILITY
GENERAL SESSIONS Fifth Floor, Juilliard Room FOR THE FORBIDDEN ISLAND
Fifth Floor, Broadhurst Room
8:30 a.m. to 9:10 a.m. WORKSHOP XXI – Development
HUMAN CAPITAL: DRIVING WORKSHOP XXV – Finance
THE LEADERS’ FORUM
Sixth Floor, Broadway Ballroom CORPORATE CULTURE AND NAVIGATING THE COURSE:
SUCCESSFUL RECRUITING BALANCING THE INTERESTS OF
STRATEGIES IN AN EVER-CHANGING BUYERS, SELLERS, LENDERS,
9:15 a.m. to 9:45 a.m.
ENVIRONMENT FOR TALENT AND BROKERS
THE LEADERS CHECK IN – PART TWO
Sixth Floor, Shubert Room Fifth Floor, Juilliard Room
Sixth Floor, Broadway Ballroom
3
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
SUNDAY, JUNE 5
6:00 p.m. to 8:00 p.m.
WELCOME RECEPTION
Sixth Floor, Broadway Ballroom
MONDAY, JUNE 6
7:00 a.m. to 7:55 a.m. 8:00 a.m. to 11:20 a.m. 8:00 a.m. to 8:20 a.m.
NETWORK AND NOSH GENERAL SESSIONS WELCOME FROM NYUSPS
Fifth Floor, Westside Ballroom Sixth Floor, Broadway Ballroom
Enjoy a great breakfast with colleagues, as A welcome to the Conference from the dean
you prepare for an enlightening day that will of the NYU School of Professional Studies
focus on changes and trends in the industry. and the president of New York University.
Dennis Di Lorenzo
Harvey J. Stedman Dean,
NYU School of Professional Studies,
Conference Host
Andrew Hamilton
President, New York University
Jonathan M. Tisch
Co-Chairman of the Board and
Office of the President, Loews
Corporation; Chairman, Loews
Hotels & Resorts
MONDAY, JUNE 6
9:15 a.m. to 10:10 a.m. 10:15 a.m. to 10:45 a.m. 10:50 a.m. to 11:20 a.m.
THE CEOs CHECK IN: TO OWN OR NOT TO OWN? STATISTICALLY SPEAKING
A VIEW FROM THE TOP THAT IS THE QUESTION Sixth Floor, Broadway Ballroom
Sixth Floor, Broadway Ballroom Sixth Floor, Broadway Ballroom
Data is a critical factor in the hospitality
Learn about the evolving investment land- Discuss the pressing questions around own- industry for planning, growth, expansion,
scape and the changing consumer base ership. Listen to investment leaders discuss and taking advantage of new and emerg-
from top hospitality executives, as well the challenges and changes in the continuing ing opportunities. Learn from two of the
as how the competition is pressing these debate over investment success strategies. top industry research and consultation
CEOs to lead their brands and to differentiate specialists about current trends, as well as
their companies. MODERATOR: their forecasts.
MODERATOR: CO-PRESENTERS:
Jeffrey A. Horwitz
Corporate Partner, Head of
Kristin Lamoureux, PhD Lodging & Gaming Practice and Amanda Hite
Associate Dean and Clinical Co-Head of Private Equity Real President and Chief Operating
Associate Professor, NYU Estate Group, Proskauer Officer, STR
School of Professional Studies
Tisch Center for Hospitality PANELISTS:
and Tourism Stephen Rushmore, Jr.
Monty J. Bennett President and Chief Executive
PANELISTS: Officer, HVS
Founder, Chairman, and Chief
Executive Officer of Ashford
Stephen P. Joyce Group of Companies, Ashford
Chief Executive Officer, Choice
Hotels International Jonathan Langer
Chief Executive Officer,
NorthStar Realty Finance Corp.
Christopher J. Nassetta
President and Chief Executive
Officer, Hilton Worldwide Michael G. Medzigian
Managing Partner, Watermark
Capital Partners
Richard Solomons
Chief Executive Officer,
InterContinental Hotels Group Mit Shah
(IHG) Chief Executive Officer and
Senior Managing Principal,
Arne Sorenson Noble Investment Group
President and Chief Executive
Officer, Marriott International Nate Tyrrell Left to right: Jonathan M. Tisch, Conference chair;
Dorothy Jennings, Conference coordinator, HVS; and
Managing Director, Investments,
Dennis Di Lorenzo, NYUSPS dean and Conference
Host Hotels & Resorts host at the 2015 Conference.
MONDAY, JUNE 6
11:25 a.m. to 11:55 a.m. 12:00 p.m. to 1:00 p.m.
COFFEE BREAK IN THE EXPO CAFÉ CONCURRENT WORKSHOPS
Fifth Floor, Westside Ballroom
The Conference’s concurrent workshops
Meet Conference patrons and sponsors, as focus on specialized topics of interest, allow-
well as other industry leaders. Network as ing attendees to customize their experience,
you reenergize with refreshments in the while gaining critical industry information
Patron and Sponsor Expo Café. from interactive panel discussions. 2015 NYU Conference scholarship recipient Zachary
Tranter addressing attendees.
MONDAY, JUNE 6
WORKSHOP IV – Design WORKSHOP V – Industry WORKSHOP VI – Finance
BLURRED VISION: UNDERSTANDING DIFFERENTIATED AND THE CAPITAL AGENDA – HOW
THE HOTEL TIER DIFFERENCES EXPERIENTIAL LUXURY CONFIDENT ARE YOU? PERSPECTIVES
Fourth Floor, Odets Room Sixth Floor, Shubert Room FROM THE C-SUITE
Fourth Floor, Wilder Room
In the hotel industry, lines are blurred As the luxury market expands, differentiating
between select service and full service, luxury in this space becomes increasingly difficult. How are industry leaders approaching growth
and boutique, lifestyle and soft brands, mak- Luxury hotels have to deliver a unique experi- and innovation? What are the most important
ing it difficult to distinguish among tiers. How ence in an ever-changing global marketplace questions to be addressed as we look ahead?
can chains differentiate between new brands to stay ahead. Hear how luxury leaders honor
being added in this crowded marketplace? diverse and escalating service demands of MODERATOR:
Brand representatives will discuss strategy customers across generations, geographies,
and design characteristics and how these and cultures, while continuing to expand
tiers can strive to set themselves apart. their profitability. Michael A. Fishbin
Global & Americas Hospitality
MODERATOR: MODERATOR: Leader, EY
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.
MONDAY, JUNE 6
WORKSHOP VII – Finance WORKSHOP VIII – Industry 1:00 p.m. to 3:15 p.m.
REITs – THE BALANCING ACT MORE BANG FOR YOUR GENERAL SESSIONS
BETWEEN INDUSTRY FUNDAMENTALS, INVESTMENT BUCK!
LIQUIDITY, AND WALL STREET Fourth Floor, O’Neill Room
ANALYSTS
Sixth Floor, Majestic Room Why does institutional money have a
fascination with limited service? The limited 1:00 p.m. to 2:00 p.m.
Is there a REIT comeback as one of the service model continues to outperform and LUNCHEON
industry’s preeminent investors? Listen to provide solid returns. Hear about the power Sixth Floor, Broadway Ballroom
leaders debate the challenges of making of limited service hotels in commanding
REITs productive and successful in current institutional money, as well as their increasing
and future hotel markets. attractiveness to certain investment groups.
PANELISTS: PANELISTS:
HOTEL NEWS NOW STEPHEN W.
• Jonathan Mehlman, Chief Executive Officer • Navneet Bali, Chief Executive Officer, BRENER SILVER PLATE AWARD
and President, AR-Global Hospitality Trust MEININGER Hotels
• Ashish R. Parikh, Chief Financial Officer, • Lance Miceli, Executive Vice President and RECIPIENT:
Hersha Hospitality Trust Chief Marketing Officer, G6 Hospitality
• Lou Plasencia, Chief Executive Officer, • Brian Quinn, Chief Franchise Officer, RLHC Michael A. Leven
The Plasencia Group • Rajiv K. Trivedi, Executive Vice President Chairman and Chief
and Chief Development Officer, La Quinta Executive Officer,
• Richard A. Smith, President and Chief Georgia Aquarium
Executive Officer, FelCor Lodging Trust Inns & Suites
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:
MONDAY, JUNE 6
2:05 p.m. to 2:35 p.m. 3:20 p.m. to 3:50 p.m. WORKSHOP X – Operations
ONE ON ONE WITH JONATHAN GRAY… COFFEE BREAK IN THE EXPO CAFÉ FRANCHISING: IT’S DOMINATING
MODERATED BY MARIA BARTIROMO Fifth Floor, Westside Ballroom THE INDUSTRY’S GROWTH
Sixth Floor, Broadway Ballroom Sixth Floor, Shubert Room
Meet Conference patrons and sponsors, as
INTERVIEW GUEST: well as other industry leaders. Network as This workshop will examine the changes in
you reenergize with refreshments in the franchising and explore the various ways the
Patron and Sponsor Expo Café. franchise model is evolving. What are the hot
Jonathan D. Gray
topics in franchising from the perspective
Global Head of Real Estate, of hotel companies, owners, and operators?
Blackstone How do franchisers and owners/operators
4:00 p.m. to 5:00 p.m. expand their relationships to ensure win/win
CONCURRENT WORKSHOPS results?
INTERVIEW MODERATOR:
The Conference’s concurrent workshops MODERATOR:
focus on specialized topics of interest, allow-
Maria Bartiromo ing attendees to customize their experience,
Joel M. Eisemann
Anchor and Global Markets while gaining critical industry information
Editor, FOX Business Network from interactive panel discussions. Chief Development Officer,
Americas, InterContinental
Hotels Group (IHG)
WORKSHOP IX – Finance
2:40 p.m. to 3:15 p.m. MANAGEMENT AGREEMENT OR PANELISTS:
BEYOND THE STATISTICS: THE LICENSE DEAL—WHAT’S YOUR
ECONOMISTS’ PROGNOSTICATE PREFERENCE? • Craig J. Aniszewski, Executive Vice
Sixth Floor, Broadway Ballroom Fifth Floor, Juilliard Room President and Chief Operating Officer,
Summit Hotel Properties
Record low interest rates, a steady rise in the The management contract has been the
stock market, and overall low volatility are mechanism of choice for many years in • Barry A.N. Bloom, Executive Vice
all contributing factors to the present fiscal the hotel industry. Now, other models are President and Chief Operating Officer, Xenia
environment affecting the hospitality industry. evolving that provide hotel owners with the Hotels & Resorts
Hear renowned economic thought leaders representation they need and a measure • Bill Fortier, Senior Vice President,
analyze the current financial climate and offer of flexibility they’ve long desired. License Development, Americas, Hilton Worldwide
their predictions for the coming years. deals are a notable example of this trend.
This panel will explore the risks and rewards • Naveen P. Kakarla, President and Chief
MODERATOR: of these alternatives. Executive Officer, HHM
• Michael Morton, Vice President of Owner
MODERATOR: Relations, Best Western Hotels & Resorts
Peter Linneman
Professor Emeritus, • Mehul Patel, Chairman and Chief Executive
Todd E. Soloway
The Wharton School, Officer, NewcrestImage
The University of Pennsylvania; Partner, Pryor Cashman
Principal, Linneman Associates
PANELISTS:
PANELISTS:
Monday, June 6 | 9
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
MONDAY, JUNE 6
WORKSHOP XI – Industry WORKSHOP XII – Finance WORKSHOP XIII – Operations
NEW AGE INDEPENDENTS: A FRESH THE YEAR OF CONSOLIDATION: GETTING THE BEST ROI IN
FACE FOR THE HOTEL INDUSTRY M&A IS THE TALK OF THE TOWN AS DISTRIBUTION
Fourth Floor, Odets Room LODGING REITs, LODGING C-CORPS, Fourth Floor, O’Neill Room
AND TIMESHARE COMPANIES MERGE
Movers and shakers in the independent hotel Fifth Floor, Broadhurst Room With so many diverse distribution channels
sector discuss their successful use of guest available, how do owners and operators
experiences, social media, and finding those What is driving the trend and why now, determine the right mix of channels and
less capital-intensive, fixer-upper projects. after so many years? Join this panel for partnerships from brands, OTAs, search
a discussion on M&A and financing in the engines, meta search providers, and other
MODERATOR: rapidly evolving lodging sector. vehicles for maximum profitability?
MODERATOR: MODERATOR:
Jeff Weinstein
Editor in Chief, HOTELS
Magazine/HOTELS’ Investment Drew Goldman Len Wolman
Outlook Managing Director and Global Chairman and Chief Executive
Co-Head, Real Estate Investment Officer, Waterford Group
PANELISTS: Banking, Deutsche Bank Securities
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. @nyuhospitality
Monday, June 6 | 10
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
MONDAY, JUNE 6
WORKSHOP XIV – Finance WORKSHOP XV – Industry 5:00 p.m. to 6:30 p.m.
THE HOTTEST PROPERTY RESORTS REDEFINED GRAND NETWORKING RECEPTION
TRANSACTIONS IN THE HOSPITALITY Sixth Floor, Majestic Room Eighth Floor, Broadway Lounge
MARKETPLACE
Fourth Floor, Wilder Room It’s not your grandpa’s resort anymore. Enjoy your favorite beverages and savor tasty
Listen to experts discuss how resort invest- selections, specially prepared by Marriott
What’s hot? What’s not? Listen to our pan- ment and management are evolving. Learn culinarians. It’s the perfect way to begin
elists discuss the latest trends in property about new concepts in resort development your evening as you mingle with friends and
transactions in the market. Gain insight and management, based upon changing colleagues, and take in the lights and the
into what to look for now and where future customer demands, facility structures, excitement of Times Square.
opportunities lie. and new opportunities in tourism.
MODERATOR: MODERATOR:
PANELISTS: PANELISTS:
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:
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.
NETWORK AND NOSH THE LEADERS CHECK IN – PART TWO A VIEW FROM THE OWNER’S SEAT
Fifth Floor, Westside Ballroom Sixth Floor, Broadway Ballroom Sixth Floor, Broadway Ballroom
Enjoy a tasty breakfast with colleagues, as Building on the themes discussed in past They have been buying, selling, operating,
you prepare for an enlightening day that will sessions, C-suite executives reflect upon the and branding—and after carefully reviewing
focus on changes and trends in the industry. state of the industry and deliberate about the the economics, each one of these panelists
most critical issues affecting this continuously has a unique perspective to share on where
8:30 a.m. to 11:05 a.m. evolving and expanding business sector. the industry is now and where it is heading.
GENERAL SESSIONS Gain an insider’s view from some of the prin-
MODERATOR: cipal hospitality, finance, and hotel real estate
executives in the country.
8:30 a.m. to 9:10 a.m.
THE LEADERS’ FORUM Adam F. Weissenberg
MODERATOR:
Sixth Floor, Broadway Ballroom Global Travel, Hospitality, and
Leisure Leader, Deloitte
A distinguished panel of renowned industry Rick Ross
leaders discuss pertinent topics from diverse Co-Chair, Global Hotels and
perspectives. Hear from those in the top PANELISTS: Leisure, Dentons
echelons of the hospitality industry and
acquire a deeper understanding of the
Christophe Alaux
issues and the opportunities at hand. PANELISTS:
Chief Executive Officer, North
MODERATOR: America, Central America,
and the Caribbean (NCAC), Mark W. Brugger
AccorHotels President and Chief Executive
Scott D. Berman Officer, DiamondRock Hospitality
Principal and Industry Leader, Bill J. Ferguson Company
Hospitality and Leisure, PwC Chairman and Chief Executive
Officer, Ferguson Partners Daniel P. Hansen
President and Chief Executive
PANELISTS: Officer, Summit Hotel Properties
Mark S. Hoplamazian
Geoff A. Ballotti President and Chief Executive
Officer, Hyatt Hotels Corporation Kirk Kinsell
President and Chief Executive
Officer, Wyndham Hotel Group President and Chief Executive
Officer, Loews Hotels & Resorts
Javier Rosenberg
Kevin J. Jacobs Chief Operating Officer,
Americas, Carlson Rezidor Tyler Morse
Executive Vice President and
Chief Financial Officer, Hilton Hotel Group Chief Executive Officer, Founder,
Worldwide and Managing Partner, MCR
Simon M. Turner Development
David Kong President, Global Development,
Starwood Hotels & Resorts Suril Shah
President and Chief Executive
Officer, Best Western Hotels & Worldwide Managing Director, Starwood
Resorts 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:
TUESDAY, JUNE 7
10:30 a.m. to 11:05 a.m.
ANATOMY OF A TRANSACTION
Sixth Floor, Broadway Ballroom
MODERATOR:
Arthur Adler
Managing Director and Chief 11:10 a.m. to 11:40 a.m.
Executive Officer – Americas, JLL 11:45 a.m. to 12:45 p.m.
COFFEE BREAK IN THE EXPO CAFÉ
Fifth Floor, Westside Ballroom CONCURRENT WORKSHOPS
PANELISTS: Meet Conference patrons and sponsors, as The Conference’s concurrent workshops
well as other industry leaders. Network as focus on specialized topics of interest, allow-
you reenergize with refreshments in the ing attendees to customize their experience,
Tyler Henritze
Patron and Sponsor Expo Café. while gaining critical industry information
Senior Managing Director and from interactive panel discussions.
Co-Head of US Acquisitions,
Blackstone
William Rahm
Senior Managing Director,
Centerbridge Partners
TUESDAY, JUNE 7
WORKSHOP XVII – Industry WORKSHOP XVIII – Design WORKSHOP XIX – Industry
THE NEW HOSPITALITY LIFESTYLE: ON DECK: “NEXTGENDESIGN: DESIGNS CRYSTAL BALL FOR THE SELECT-
EMERGING BRANDS CHANGING AT LIGHT SPEED” SERVICE SEGMENT: THE FUTURE OF
Sixth Floor, Majestic Room Fourth Floor, Odets Room AN INDUSTRY DARLING
Fourth Floor, O’Neill Room
After decades of copycat experience, well- Communal dining, branded beds, LED TVs,
established and upstart hotel companies and front desk pods were once the latest The select service model offers efficient oper-
alike are on an unprecedented streak of trends, but now are considered the new ating margins to owners and strong returns
rolling out new brands—whether recently normal. What’s next? Designers and owners for investors. What will this segment look
introduced collections or newly created port- explore what is on the horizon for the next like in 10 years as the US economy changes,
folios of existing hotels. While each offers a generation of great hotel design ideas and the potential for a downturn increases, and
distinctive experience, will consumers flock how these new designs will be influenced by guests request different options? Explore the
to all of these new brands? The innovators guest demands and preferences. supply outlook for this segment, and how
discuss what’s behind this surge in emerging developers and operators can continue to
hotel brands. MODERATOR: reap strong returns.
MODERATOR: MODERATOR:
Stacy Shoemaker Rauen
Editor in Chief, Hospitality
John Melicharek Design Magazine Stephanie Ricca
Partner, BakerHostetler Editor in Chief, Hotel News Now
PANELISTS:
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:
TUESDAY, JUNE 7
WORKSHOP XX – Operations WORKSHOP XXI – Development WORKSHOP XXII – NYU Alumni Panel
HIGH YIELD RETURNS – LEVERAGING HUMAN CAPITAL: DRIVING SOCIAL MEDIA, EMOTIONAL
CREATIVE BUSINESS PLANS TO CORPORATE CULTURE AND CONNECTIONS, AND THE BOTTOMLINE
ACHIEVE HIGH YIELD RETURNS AT SUCCESSFUL RECRUITING Fourth Floor, Wilder Room
THIS POINT IN THE CYCLE STRATEGIES IN AN EVER-CHANGING To the consumer, the offline and online
Fifth Floor, Juilliard Room ENVIRONMENT FOR TALENT worlds are one, forcing hoteliers to make that
Sixth Floor, Shubert Room critical emotional connection with guests
Great returns are still achievable if you
have developed and implemented a unique, prior to a final purchase decision. A panel
Hiring is a leading indicator on where
yet solid business plan. Opportunities to of NYU School of Professional Studies Tisch
markets are heading. Although a “return
acquire “distressed” assets via a renovation Center alumni will explore how smart hote-
to the norm” may be on the horizon, the
and management change are significantly liers are finding ways to excite and delight
demand for human capital will remain
customers online, which ultimately will lead
more limited. Join the experts who will above the norm. This session will address
to happier guests paying premium prices.
discuss recent hospitality acquisitions that how brands and owners are driving culture
have achieved high-yield returns using to recruit successfully in an extremely MODERATOR:
non-traditional approaches. competitive marketplace.
Glenn Haussman
MODERATOR: MODERATOR:
Editor at Large,
Michelle S. Russo Hotel Management
Lawrence J. Krema
Founder and Chief Executive Managing Director, Ferguson
Officer, Hotel Asset Value Partners PANELISTS:
Enhancement (hotelAVE)
• Ronald Castro, Strategic Marketing and
PANELISTS: PANELISTS: E-commerce Consultant; Adjunct Faculty
Member, NYU School of Professional Studies
• Erik Browning, Vice President of Business • Ann M. Fastiggi, Head, Hospitality and Tisch Center for Hospitality and Tourism
Consulting, The Rainmaker Group Leisure Practice, RSR Partners
• Jaimie Choi, Manager, Hotel Development
• Fern I. Kanter, Managing Director and • Keith Kefgen, Chief Executive Officer Planning, Trump Hotels
Executive Vice President, CHMWarnick and Managing Director, AETHOS
Consulting Group WORKSHOP XXIII – Legal
• Cynthia Potter, Vice President of THE LEGAL ISSUES EVOLVING OUT OF
Real Estate Investment Management, • David A. Rodriguez, Executive Vice
President and Global Chief Human THIS ERA OF CONSOLIDATION
Starwood Hotels & Resorts Worldwide
Resources Officer, Marriott International Fifth Floor, Broadhurst Room
• Jeremy Welter, Executive Vice President
of Asset Management, Ashford • Matt Schuyler, Chief Human Resources A team of experts will discuss the complexities
Officer, Hilton Worldwide of acquisitions and new partnerships, as well as
• Andrew Wharton, Managing Director, the pluses and minuses for the industry. Is this
REH Capital Partners • Simon Sinek, Author and Optimist, ongoing consolidation beneficial for the con-
Start With Why sumer and the continued growth of the chain?
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:
TUESDAY, JUNE 7
1:00 p.m. to 3:30 p.m. 2:00 p.m. to 2:25 p.m. FINANCIALLY SPEAKING:
GENERAL SESSIONS BEYOND THE BOARDROOM IREFAC INSIDERS
Sixth Floor, Broadway Ballroom Sixth Floor, Broadway Ballroom
During this tumultuous election season, The latest (and greatest) from IREFAC.
Jonathan Tisch will interview a top
1:00 p.m. to 1:55 p.m. political insider. Join us for a fascinating The Industry Real Estate Finance Advisory
LUNCHEON discussion, and gain insight into the Council is a highly respected organization,
Sixth Floor, Broadway Ballroom upcoming Presidential election and how operating under the American Hotel &
it can potentially affect the economy and Lodging Association umbrella. It meets
this industry. twice a year to discuss the latest deals,
industry occurrences, and trends. In addition,
INTERVIEW GUEST: it provides the dollars that enable deals to
go forward. This session affords attendees
an inside look at an IREFAC meeting.
CONFERENCE PATRON AND SPONSOR Jonathan Karl
NYU SCHOOL OF PROFESSIONAL Chief White House CO-MODERATORS:
STUDIES TISCH CENTER FOR Correspondent, ABC News
HOSPITALITY AND TOURISM
Laurence Geller
SCHOLARSHIP AWARDS
INTERVIEW MODERATOR: Chairman, Geller Investment Co.
Each year, generous contributions for con-
ference sponsorship support graduate and Jonathan M. Tisch
undergraduate Tisch Center scholars and pro- Co-Chairman of the Board and
grams. Meet some of our best and brightest. Office of the President, Loews Neil H. Shah
Corporation; Chairman, Loews President and Chief Operating
PRESENTER: Hotels & Resorts Officer, Hersha Hospitality Trust
Neil H. Shah
President and Chief Operating Michael G. Medzigian
Officer, Hersha Hospitality Trust Managing Partner, Watermark
Capital Partners
PRESENTER:
Michael Murphy
Laurence Geller Head of Lodging and Leisure
Chairman, Geller Investment Co. Capital, First Fidelity Companies
Stephen D. Plavin
Jonathan M. Tisch, Conference chair, left, with 2015 Chief Executive Officer,
Beyond the Boardroom interview guest, J.W. Marriott, Blackstone Mortgage Trust
Jr., Marriott International.
Tuesday, June 7 | 16
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
TUESDAY, JUNE 7
3:45 p.m. to 4:45 p.m.
CONCURRENT WORKSHOPS
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.
• Nelson F. Migdal, Co-Chair, Hospitality • Jonathan K. Morrow, Senior Vice President, • James M. Erlacher, Vice President of
Practice Group, Greenberg Traurig Hodges Ward Elliott Development, AccorHotels
• Alex Zozaya, Chief Executive Officer, • Mark K. Owens, Executive Vice President • Kevin Montano, Senior Vice President,
Apple Leisure Group and Head of Hospitality Capital Markets, EDITION Global Development,
CBRE Marriott International
• Daniel C. Peek, Senior Managing Director, • Kim Richards, President, The Athens Group
HFF
• Robert E. Wiemer, Jr., Managing Director,
The Plasencia Group Tuesday, June 7 | 17
38TH ANNUAL NYU
INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:
TUESDAY, JUNE 7
WORKSHOP XXVII – Operations WORKSHOP XXVIII – Finance WORKSHOP XXIX – Industry
ENHANCING THE CUSTOMER OVERBUILDING/OVER-SUPPLY THE BOUTIQUE BONANZA: DEFINED
EXPERIENCE: THE CHANGING Fourth Floor, O’Neill Room AS A HIGHLY SPECIALIZED, ELITE
LANDSCAPE INCLUDING NICHE. INDEPENDENT OR AFFILIATED,
CONNECTIVITY, LOYALTY, AND Is history repeating itself? (Doesn’t the THEY ARE CURRYING FAVOR WITH
industry ever learn?) Historically, the hotel
CONSUMER FACING TECHNOLOGY CHANGING TRAVELER TASTES
industry lives through a series of booms and
Fourth Floor, Odets Room Sixth Floor, Shubert Room
busts. We have clearly been through a boom,
but how close are we to a bust…or will this
What is the future role of technology and Explore the future of lifestyle hotels and
time be different?
what is likely to be its impact on operations boutiques: How much room is there for these
and guest interaction/guest satisfaction? types of experiences? Can smaller brands
MODERATOR:
Can technology provide more revenue differentiate themselves in the marketplace?
enhancement opportunities? Can owners (and their lenders) continue to
Lawrence Cohen gain traction with boutiques versus main-
MODERATOR: Partner and Hospitality Group stream brands?
Leader, Marks Paneth
MODERATOR:
Guy Langford
Vice Chairman, US THL Leader,
PANELISTS: Phillip Gordon
Deloitte
Partner, Perkins Coie
• Cheryl Boyer, Chief Operating Officer,
Fulcrum Hospitality
PANELISTS:
• Bill Grice, Executive Vice President, JLL
• Brian Barr, Senior Vice President,
PANELISTS:
Business Transformation, IT, and • Stephen M. Jennings, Principal and US
E-commerce, Trump Hotels Leader for Hospitality, Deloitte
• Mike DeFrino, Chief Executive Officer,
• Jeff Bzdawka, Senior Vice President of • Jess Petitt, Vice President, Global Business Kimpton Hotels & Restaurants
Global Hotel Operations, Hyatt Hotels Analytics, Hilton Worldwide
• Niki Leondakis, Chief Executive Officer,
Corporation
• Yuval Tal, Partner and Office Head, Hong Commune Hotels + Resorts
• Richard Flores, Vice President, Branding for Kong and Beijing, Proskauer
• Joseph D. Long, Managing Partner,
Radisson, Carlson Rezidor Hotel Group
KHP Capital Partners
• Barry S. Goldstein, Chief Digital and
• Jay H. Shah, Chief Executive Officer,
Distribution Officer, Wyndham Hotel Group
Hersha Hospitality Trust
• Robert McDowell, Chief Commercial Officer,
• Jay Stein, Chief Executive Officer,
Choice Hotels International
DREAM Hotel Group
Discussing hotel loyalty programs at the 2015 Conference, from left to right: Jamie Russo, Choice Hotels
International; and Ellen T. Berge, Venable. @nyuhospitality
Tuesday, June 7 | 18