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
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
8:25 a.m. to 8:45 a.m.
CONFERENCE CHAIR’S
OPENING REMARKS
Sixth Floor, Broadway Ballroom
8:50 a.m. to 9:10 a.m.
GOVERNMENT UPDATE
Sixth Floor, Broadway Ballroom
9:15 a.m. to 10:10 a.m.
THE CEOs CHECK IN:
A VIEW FROM THE TOP
Sixth Floor, Broadway Ballroom
10:15 a.m. to 10:45 a.m.
TO OWN OR NOT TO OWN?
THAT IS THE QUESTION
Sixth Floor, Broadway Ballroom
10:50 a.m. to 11:20 a.m.
STATISTICALLY SPEAKING
Sixth Floor, Broadway Ballroom
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
WORKSHOP I – Finance
PRIVATE EQUITY: CASHING IN
OR CASHING OUT?
Fifth Floor, Westside Salon 1
WORKSHOP II – Industry Data Continued
DEMAND, PRICES, PROFITS,
AND VALUES—WHAT TO EXPECT
IN THE YEAR AHEAD
Fifth Floor, Juilliard Room
WORKSHOP III – Operations
THE NEW FACE OF HOTEL
OWNERSHIP—ASSET MANAGERS
Fifth Floor, Broadhurst Room
WORKSHOP IV – Design
BLURRED VISION: UNDERSTANDING
THE HOTEL TIER DIFFERENCES
Fourth Floor, Odets Room
WORKSHOP V – Industry
DIFFERENTIATED AND
EXPERIENTIAL LUXURY
Sixth Floor, Shubert Room
WORKSHOP VI – Finance
THE CAPITAL AGENDA – HOW
CONFIDENT ARE YOU? PERSPECTIVES
FROM THE C-SUITE
Fourth Floor, Wilder Room
WORKSHOP VII – Finance
REITs – THE BALANCING ACT
BETWEEN INDUSTRY FUNDAMENTALS,
LIQUIDITY, AND WALL STREET
ANALYSTS
Sixth Floor, Majestic Room
WORKSHOP VIII – Industry
MORE BANG FOR YOUR
INVESTMENT BUCK!
Fourth Floor, O’Neill Room
1:00 p.m. to 3:15 p.m.
GENERAL SESSIONS
1:00 p.m. to 2:00 p.m.
LUNCHEON
Sixth Floor, Broadway Ballroom
WELCOME
HOTEL NEWS NOW STEPHEN W.
BRENER SILVER PLATE AWARD
2:05 p.m. to 2:35 p.m.
ONE ON ONE WITH JONATHAN GRAY…
MODERATED BY MARIA BARTIROMO
Sixth Floor, Broadway Ballroom
2:40 p.m. to 3:15 p.m.
BEYOND THE STATISTICS: THE
ECONOMISTS’ PROGNOSTICATE
Sixth Floor, Broadway Ballroom
3:20 p.m. to 3:50 p.m.
COFFEE BREAK IN THE EXPO CAFÉ
Fifth Floor, Westside Ballroom
4:00 p.m. to 5:00 p.m.
CONCURRENT WORKSHOPS
WORKSHOP IX – Finance
MANAGEMENT AGREEMENT
OR LICENSE DEAL—
WHAT’S YOUR PREFERENCE?
Fifth Floor, Juilliard Room
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
WORKSHOP XIV – Finance
THE HOTTEST PROPERTY
TRANSACTIONS IN THE HOSPITALITY
MARKETPLACE
Fourth Floor, Wilder Room
WORKSHOP XV – Industry
RESORTS REDEFINED
Sixth Floor, Majestic Room
5:00 p.m. to 6:30 p.m.
GRAND NETWORKING RECEPTION
Eighth Floor, Broadway Lounge
2
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.
A VIEW FROM THE OWNER’S SEAT
Sixth Floor, Broadway Ballroom
10:30 a.m. to 11:05 a.m.
ANATOMY OF A TRANSACTION
Sixth Floor, Broadway Ballroom
11:10 a.m. to 11:40 a.m.
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 SELECT-
SERVICE SEGMENT: THE FUTURE
OF AN INDUSTRY DARLING
Fourth Floor, O’Neill Room
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
HUMAN CAPITAL: DRIVING
CORPORATE CULTURE AND
SUCCESSFUL RECRUITING
STRATEGIES IN AN EVER-CHANGING
ENVIRONMENT FOR TALENT
Sixth Floor, Shubert Room
WORKSHOP XXII – NYU Alumni Panel
SOCIAL MEDIA, EMOTIONAL
CONNECTIONS, AND THE BOTTOMLINE
Fourth Floor, Wilder Room
WORKSHOP XXIII – Legal
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
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
3:45 p.m. to 4:45 p.m.
CONCURRENT WORKSHOPS
WORKSHOP XXIV – Industry
CUBA: GLIMPSES OF POSSIBILITY
FOR THE FORBIDDEN ISLAND
Fifth Floor, Broadhurst Room
WORKSHOP XXV – Finance
NAVIGATING THE COURSE:
BALANCING THE INTERESTS OF
BUYERS, SELLERS, LENDERS,
AND BROKERS
Fifth Floor, Juilliard Room
WORKSHOP XXVI – Industry
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
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.)
MONDAY, JUNE 6
7:00 a.m. to 7:55 a.m.
NETWORK AND NOSH
Fifth Floor, Westside Ballroom
Enjoy a great breakfast with colleagues, as
you prepare for an enlightening day that will
focus on changes and trends in the industry.
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
Dennis Di Lorenzo, NYUSPS dean and Conference host, addressing attendees at the 2015 NYU International
Hospitality Industry Investment Conference.
8:00 a.m. to 11:20 a.m. 8:00 a.m. to 8:20 a.m.
GENERAL SESSIONS 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.
Dennis Di Lorenzo
Harvey J. Stedman Dean,
NYU School of Professional Studies,
Conference Host
Andrew Hamilton
President, New York University
8:50 a.m. to 9:10 a.m. PANELISTS:
GOVERNMENT UPDATE
Sixth Floor, Broadway Ballroom Roger Dow
President and Chief Executive
Policymaking decisions on workforce, the Officer, US Travel Association
environment, and transportation among other
issues, impact our industry by affecting our
day-to-day operations, as well as our long- Katherine Lugar
term outcomes. Gain the most current view
from our industry leaders on what is happen- President and Chief Executive
ing in Washington, DC and around the world Officer, American Hotel &
that may influence our businesses in the Lodging Association
months and years to come.
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.
THE CEOs CHECK IN:
A VIEW FROM THE TOP
Sixth Floor, Broadway Ballroom
Learn about the evolving investment land-
scape 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.
10:15 a.m. to 10:45 a.m.
TO OWN OR NOT TO OWN?
THAT IS THE QUESTION
Sixth Floor, Broadway Ballroom
Discuss the pressing questions around own-
ership. Listen to investment leaders discuss
the challenges and changes in the continuing
debate over investment success strategies.
MODERATOR:
10:50 a.m. to 11:20 a.m.
STATISTICALLY SPEAKING
Sixth Floor, Broadway Ballroom
Data is a critical factor in the hospitality
industry for planning, growth, expansion,
and taking advantage of new and emerg-
ing opportunities. Learn from two of the
top industry research and consultation
specialists about current trends, as well as
their forecasts.

MODERATOR:
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
CO-PRESENTERS:
Jeffrey A. Horwitz
Corporate Partner, Head of
Lodging & Gaming Practice and Amanda Hite
Co-Head of Private Equity Real President and Chief Operating
Estate Group, Proskauer Officer, STR
PANELISTS:
Stephen Rushmore, Jr.
Monty J. Bennett President and Chief Executive
Officer, HVS
Founder, Chairman, and Chief
Executive Officer of Ashford
Group of Companies, Ashford
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 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.

@nyuhospitality 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
Meet Conference patrons and sponsors, as
well as other industry leaders. Network as
you reenergize with refreshments in the
Patron and Sponsor Expo Café.
WORKSHOP I – Finance
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 lodg-
ing industry and its investments.
MODERATOR:
Francis J. Nardozza
Chairman and Chief Executive
Officer, REH Capital Partners
PANELISTS:
• Glenn Alba, Managing Director, Blackstone
• Michael Depatie, Managing Partner,
KHP Capital Partners
• Michael Klingher, Senior Managing Director,
Westmont Hospitality Group
• Cia Buckley Marakovits, Chief Investment
Officer, Dune Real Estate Partners
• Christian J. Ryan, Managing Director, US
Real Estate and Hospitality Practice – US
Hospitality & Gaming Practice Leader,
Marsh & McLennan Companies
@nyuhospitality
12:00 p.m. to 1:00 p.m.
CONCURRENT WORKSHOPS
The Conference’s concurrent workshops
focus on specialized topics of interest, allow-
ing attendees to customize their experience,
while gaining critical industry information
from interactive panel discussions. 2015 NYU Conference scholarship recipient Zachary
Tranter addressing attendees.
WORKSHOP II – Industry Data Continued WORKSHOP III – Operations
DEMAND, PRICES, PROFITS, AND THE NEW FACE OF HOTEL
VALUES—WHAT TO EXPECT IN THE OWNERSHIP—ASSET MANAGERS
YEAR AHEAD Fifth Floor, Broadhurst Room
Fifth Floor, Juilliard Room
Hotel and investment leaders describe the
The maturing state of the current cycle roles of modern asset managers, who uses
presents interesting opportunities and chal- them, and what they can accomplish that
lenges for the road ahead. Learn about the individual owners cannot.
maturing state of the current cycle as well
as what to expect in the immediate future. MODERATOR:
Representatives from some of the leading
lodging industry information sources will Richard Warnick
share their perspectives on the key drivers Managing Director and Co-Chair,
of hotel performance for the remainder of CHMWarnick
this year and next.
MODERATOR: PANELISTS:
R. Mark Woodworth • Steven Angel, Principal, Fulcrum Hospitality
Senior Managing Director, CBRE • Greg Bingaman, Director, Asset
Hotels’ Americas Research Management, Westmont Hospitality Group
• Howard B. Isaacson, Senior Vice President,
Asset Management, RLJ Lodging Trust
PANELISTS:
• Christopher Ostapovicz, Regional Vice
• Barrett R. Boston, President, Americas, President, Asset Management, Host Hotels
TravelClick & Resorts
• Vail Brown, Senior Vice President of Global
Business Development and Marketing, STR
• Suzanne R. Mellen, Senior Managing
Director of Consulting and Valuation, HVS
• Brian Payea, Head of Industry Relations,
TripAdvisor
• Sue Spinney, Senior Director of Market
Management, Expedia
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
BLURRED VISION: UNDERSTANDING
THE HOTEL TIER DIFFERENCES
Fourth Floor, Odets Room
In the hotel industry, lines are blurred
between select service and full service, luxury
and boutique, lifestyle and soft brands, mak-
ing 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.
MODERATOR:
WORKSHOP V – Industry WORKSHOP VI – Finance
DIFFERENTIATED AND THE CAPITAL AGENDA – HOW
EXPERIENTIAL LUXURY CONFIDENT ARE YOU? PERSPECTIVES
Sixth Floor, Shubert Room FROM THE C-SUITE
Fourth Floor, Wilder Room
As the luxury market expands, differentiating
in this space becomes increasingly difficult. How are industry leaders approaching growth
Luxury hotels have to deliver a unique experi- and innovation? What are the most important
ence in an ever-changing global marketplace questions to be addressed as we look ahead?
to stay ahead. Hear how luxury leaders honor
diverse and escalating service demands of MODERATOR:
customers across generations, geographies,
and cultures, while continuing to expand
their profitability. Michael A. Fishbin
Global & Americas Hospitality
MODERATOR: Leader, EY

Jonathan C. Nehmer Meghan Cocci PANELISTS:

Chairman and Founder, Jonathan Co-Chair, Global Hotels and
Nehmer + Associates Leisure, Dentons • Gaurav Bhushan, Global Chief Development
Officer, AccorHotels

PANELISTS: PANELISTS: • Jeanmarie Cooney, Chief Financial Officer,

• Jim Holthouser, Executive Vice President,
Global Brands, Hilton Worldwide
• Sandra Cordova Micek, Senior Vice
President of Global Brands, Hyatt Hotels
Corporation
• David Pepper, Chief Development Officer,
Choice Hotels International
• 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
• Michael F. Glennie, President and Chief
Operating Officer, FRHI Hotels & Resorts
• Jason Herthel, President and
Chief Operating Officer, Montage
Hotels & Resorts
• Ben Leahy, Managing Director, Head
of Lodging Group Investment Banking,
Goldman, Sachs & Co.
• Homi Vazifdar, Managing Director,
Canyon Equity
Wyndham Hotel Group
• Deric Eubanks, Chief Financial Officer,
Ashford
• John S. Hamilton, Senior Vice President,
Acquisitions and Business Development,
Pyramid Hotel Group
• Glenn Wasserman, Executive Vice President
and Chief Financial Officer, Denihan
Investments
• Todd G. Wynne-Parry, Executive Vice
President, Global Acquisitions and
Development, Commune Hotels + Resorts/
Destination Hotels

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 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.

MODERATOR: MODERATOR: WELCOME

David Eisen Dennis Di Lorenzo

Gilda Perez-Alvarado
Editor in Chief, Harvey J. Stedman Dean,
Managing Director, JLL
Hotel Management NYU School of Professional Studies

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

• Marcel Verbaas, President and Chief CO-PRESENTERS:

Executive Officer, Xenia Hotels & Resorts
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
Global Head of Real Estate,
Blackstone
INTERVIEW MODERATOR:
Maria Bartiromo
Anchor and Global Markets
Editor, FOX Business Network
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
Professor Emeritus,
The Wharton School,
The University of Pennsylvania;
Principal, Linneman Associates
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
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.
4:00 p.m. to 5:00 p.m.
CONCURRENT WORKSHOPS
The Conference’s concurrent workshops
focus on specialized topics of interest, allow-
ing attendees to customize their experience,
while gaining critical industry information
from interactive panel discussions.
WORKSHOP IX – Finance
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:
Todd E. Soloway
Partner, Pryor Cashman
PANELISTS:
• 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
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)
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
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 WORKSHOP XII – Finance
NEW AGE INDEPENDENTS: A FRESH THE YEAR OF CONSOLIDATION:
FACE FOR THE HOTEL INDUSTRY M&A IS THE TALK OF THE TOWN AS
Fourth Floor, Odets Room LODGING REITs, LODGING C-CORPS,
AND TIMESHARE COMPANIES MERGE
Movers and shakers in the independent hotel Fifth Floor, Broadhurst Room
sector discuss their successful use of guest
experiences, social media, and finding those What is driving the trend and why now,
less capital-intensive, fixer-upper projects. after so many years? Join this panel for
a discussion on M&A and financing in the
MODERATOR: rapidly evolving lodging sector.
MODERATOR:
Jeff Weinstein
Editor in Chief, HOTELS
Magazine/HOTELS’ Investment Drew Goldman
Outlook Managing Director and Global
Co-Head, Real Estate Investment
PANELISTS: Banking, Deutsche Bank Securities
• Richard Born, Principal, BD Hotels PANELISTS:
• Costa Dimas, Chief Business Officer, OE
• Michael D. Bluhm, Managing Director,
Collection – Loews Hotels
Global Head of Lodging and Leisure,
• Sean Hennessey, Clinical Assistant Morgan Stanley
Professor, NYU School of Professional
• Steven L. Lichtenfeld, Corporate Partner,
Studies Tisch Center for Hospitality
and Tourism Real Estate Capital Markets and Real Estate
Finance Groups, Proskauer
• Benjamin Weprin, Chief Executive Officer,
AJ Capital Partners • Steven Moore, Managing Director and Head
of US Real Estate Deal Advisory, KPMG
• Davin Thigpen, Managing Director,
Real Estate and Lodging Investment
Banking, J.P. Morgan
• 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.
WORKSHOP XIII – Operations
GETTING THE BEST ROI IN
DISTRIBUTION
Fourth Floor, O’Neill Room
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?
MODERATOR:
Len Wolman
Chairman and Chief Executive
Officer, Waterford Group
PANELISTS:
• Ravneet Bhandari, Chief Executive Officer,
LodgIQ
• Patrick T. Bosworth, Co-Founder and
Chief Executive Officer, Duetto
• Stephen Fitzgerald, Vice President, Global
OTA and Wholesale, Hilton Worldwide
• Cindy Estis Green, Co-Founder and
Chief Executive Officer, Kalibri Labs
• Melissa Maher, Senior Vice President,
Global Partner Group, Expedia
• 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 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:

Keith M. Pattiz Isabelle Claver

Partner, McDermott Will & Emery Director, Hospitality and Leisure,
PwC

PANELISTS: PANELISTS:

• Peter Dannemiller, Managing Director, • Bart Carnahan, Executive Vice President

Hodges Ward Elliott
• Jeffrey Davis, International Managing
Director, JLL
• 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
of Global Development, Four Seasons
Hotels and Resorts
• 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.
NETWORK AND NOSH
Fifth Floor, Westside Ballroom
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
8:30 a.m. to 9:10 a.m.
THE LEADERS’ FORUM
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
PANELISTS:
Geoff A. Ballotti
President and Chief Executive
Officer, Wyndham Hotel Group
Kevin J. Jacobs
Executive Vice President and
Chief Financial Officer, Hilton
Worldwide
David Kong
President and Chief Executive
Officer, Best Western Hotels &
Resorts
Elie Maalouf
Chief Executive Officer, The
Americas, InterContinental Hotels
Group (IHG)
J. Allen Smith
President and Chief Executive
Officer, Four Seasons Hotels and
Resorts
9:15 a.m. to 9:45 a.m.
THE LEADERS CHECK IN – PART TWO
Sixth Floor, Broadway Ballroom
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:
Adam F. Weissenberg
Global Travel, Hospitality, and
Leisure Leader, Deloitte
PANELISTS:
Christophe Alaux
Chief Executive Officer, North
America, Central America,
and the Caribbean (NCAC),
AccorHotels
Bill J. Ferguson
Chairman and Chief Executive
Officer, Ferguson Partners
Mark S. Hoplamazian
President and Chief Executive
Officer, Hyatt Hotels Corporation
Javier Rosenberg
Chief Operating Officer,
Americas, Carlson Rezidor
Hotel Group
Simon M. Turner
President, Global Development,
Starwood Hotels & Resorts
Worldwide
9:50 a.m. to 10:25 a.m.
A VIEW FROM THE OWNER’S SEAT
Sixth Floor, Broadway Ballroom
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 prin-
cipal hospitality, finance, and hotel real estate
executives in the country.
MODERATOR:
Rick Ross
Co-Chair, Global Hotels and
Leisure, Dentons
PANELISTS:
Mark W. Brugger
President and Chief Executive
Officer, DiamondRock Hospitality
Company
Daniel P. Hansen
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
@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 chal-
lenges 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
11:10 a.m. to 11:40 a.m.
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

WORKSHOP XVI –Finance MODERATOR: PANELISTS:

THE LENDERS’ FORUM: THE DEBT/
• Aditya Bhoopathy, Principal and Executive
TRANSACTION MARKETPLACE Gary E. Axelrod Vice President, Investment Management,
“NOW AND BEYOND” Partner and Co-Chair, Hospitality, Noble Investment Group
Fifth Floor, Westside Salon 1
Gaming, and Leisure Industry
• Edward Hoganson, Chief Financial Officer,
Group, Latham & Watkins
The availability of financing during this cycle AR-Global Hospitality Trust
has played a major role in the transaction • David Kieske, Managing Director, Eastdil
volume and values. Will it continue Secured
to do so and on what terms? How will
the environment look this time around when • Mark Lanspa, Executive Vice President,
the music stops? A focused discussion Wells Fargo Bank
regarding the current state of, and the • Rene J. Theriault, Managing Director,
outlook for, the debt market, as well as the Goldman, Sachs & Co.
experts’ thoughts on how the next downturn
might differ (if at all) from prior ones.

@nyuhospitality 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
THE NEW HOSPITALITY LIFESTYLE:
EMERGING BRANDS
Sixth Floor, Majestic Room
After decades of copycat experience, well-
established and upstart hotel companies
alike are on an unprecedented streak of
rolling out new brands—whether recently
introduced collections or newly created port-
folios 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.
MODERATOR:
John Melicharek
Partner, BakerHostetler
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
NYUSPS Tisch Center for Hospitality and Tourism Alumni at a Past Presidents Reception.
WORKSHOP XVIII – Design
ON DECK: “NEXTGENDESIGN: DESIGNS
CHANGING AT LIGHT SPEED”
Fourth Floor, Odets Room
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:
Stacy Shoemaker Rauen
Editor in Chief, Hospitality
Design Magazine
PANELISTS:
• 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
WORKSHOP XIX – Industry
CRYSTAL BALL FOR THE SELECT-
SERVICE SEGMENT: THE FUTURE OF
AN INDUSTRY DARLING
Fourth Floor, O’Neill Room
The select service model offers efficient oper-
ating 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:
Stephanie Ricca
Editor in Chief, Hotel News Now
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
@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:
Michelle S. Russo
Founder and Chief Executive
Officer, Hotel Asset Value
Enhancement (hotelAVE)
PANELISTS:
• Erik Browning, Vice President of Business
Consulting, The Rainmaker Group
• Fern I. Kanter, Managing Director and
Executive Vice President, CHMWarnick
• Cynthia Potter, Vice President of
Real Estate Investment Management,
Starwood Hotels & Resorts Worldwide
• Jeremy Welter, Executive Vice President
of Asset Management, Ashford
• Andrew Wharton, Managing Director,
REH Capital Partners
NYUSPS Tisch Center for Hospitality and Tourism Alumni at Past Presidents Reception.
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.
MODERATOR:
Lawrence J. Krema
Managing Director, Ferguson
Partners
PANELISTS:
• Ann M. Fastiggi, Head, Hospitality and
Leisure Practice, RSR Partners
• Keith Kefgen, Chief Executive Officer
and Managing Director, AETHOS
Consulting Group
• David A. Rodriguez, Executive Vice
President and Global Chief Human
Resources Officer, Marriott International
• Matt Schuyler, Chief Human Resources
Officer, Hilton Worldwide
• Simon Sinek, Author and Optimist,
Start With Why
WORKSHOP XXII – NYU Alumni Panel
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 hote-
liers 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
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
THE LEGAL ISSUES EVOLVING OUT OF
THIS ERA OF CONSOLIDATION
Fifth Floor, Broadhurst Room
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 con-
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
• 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. 2:00 p.m. to 2:25 p.m.
GENERAL SESSIONS BEYOND THE BOARDROOM
Sixth Floor, Broadway Ballroom
During this tumultuous election season,
Jonathan Tisch will interview a top
1:00 p.m. to 1:55 p.m. political insider. Join us for a fascinating
LUNCHEON discussion, and gain insight into the
Sixth Floor, Broadway Ballroom upcoming Presidential election and how
it can potentially affect the economy and
this industry.
INTERVIEW GUEST:
CONFERENCE PATRON AND SPONSOR Jonathan Karl
NYU SCHOOL OF PROFESSIONAL Chief White House
STUDIES TISCH CENTER FOR Correspondent, ABC News
HOSPITALITY AND TOURISM
SCHOLARSHIP AWARDS
INTERVIEW MODERATOR:
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
Corporation; Chairman, Loews
PRESENTER: Hotels & Resorts
Kristin Lamoureux, PhD 2:30 p.m. to 3:30 p.m.
THE IREFAC C. EVERETT JOHNSON
Associate Dean and Clinical
Associate Professor, NYU AWARD
School of Professional Studies Sixth Floor, Broadway Ballroom
Tisch Center for Hospitality
and Tourism 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.
RECIPIENT:
Neil H. Shah
President and Chief Operating
Officer, Hersha Hospitality Trust
PRESENTER:
Laurence Geller
Chairman, Geller Investment Co.
Jonathan M. Tisch, Conference chair, left, with 2015
Beyond the Boardroom interview guest, J.W. Marriott,
Jr., Marriott International.
FINANCIALLY SPEAKING:
IREFAC INSIDERS
Sixth Floor, Broadway Ballroom
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.
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
Michael G. Medzigian
Managing Partner, Watermark
Capital Partners
Michael Murphy
Head of Lodging and Leisure
Capital, First Fidelity Companies
Stephen D. Plavin
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, allow-
ing attendees to customize their experience,
while gaining critical industry information
from interactive panel discussions.
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.
MODERATOR:
Mark A. Lunt
Principal, EY
PANELISTS:
• Collin Laverty, President, Cuba Educational
Travel
• Nelson F. Migdal, Co-Chair, Hospitality
Practice Group, Greenberg Traurig
• Alex Zozaya, Chief Executive Officer,
Apple Leisure Group
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 XXV – Finance WORKSHOP XXVI – Industry
NAVIGATING THE COURSE: REINVENTING LUXURY
BALANCING THE INTERESTS OF Fourth Floor, Wilder Room
BUYERS, SELLERS, LENDERS, AND
BROKERS Completing deals in the luxury segment
Fifth Floor, Juilliard Room today is no easy task. What components,
style, and real estate opportunities are
Faced with a dynamic market, owners need attracting capital? What are the hot markets
direction. They seek guidance from experi- for development? What are the challenges
enced brokers who have a handle on lending and who has overcome them?
criteria as well as on buyer expectation of
current values. MODERATOR:
MODERATOR: Stefani C. O’Connor
Executive News Editor,
Hotel Business
Anne R. Lloyd-Jones
Senior Managing Director, HVS
PANELISTS:
• Richard Baker, Executive Vice President,
PANELISTS: Operations Director – Asia, Mandarin
Oriental Hotel Group
• Thomas P. McConnell, Executive Managing
Director, Global Hospitality Group, Cushman • Yvonne Choi, Chief Development Officer,
& Wakefield Cachet Hotel Group
• Jonathan K. Morrow, Senior Vice President, • James M. Erlacher, Vice President of
Hodges Ward Elliott Development, AccorHotels
• Mark K. Owens, Executive Vice President • Kevin Montano, Senior Vice President,
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:

CONFERENCE AGENDA AS OF June 1, 2016

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