18 May 2016
May 18, 2016

CHRIS Deal of the Year Award Winners

Award

MarriottPortAuPrinceWinners of the prestigious Development of the Year and Single Asset Transaction of the Year Awards were announced at the Caribbean Hotel & Resort Investment Summit (CHRIS). CHRIS was held May 10-11, 2016, at the JW Marriott Marquis Miami in Miami, Florida, USA.

The Marriott Port Au Prince, in Port Au Prince, Haiti, was named Development of the Year 2015. With 175 keys, an approximately US$45 million development cost focused on the revitalization and diversification of the local economy and sustainability, developed by TDSA, and managed by Marriott International. Finalists in the Development of the Year 2015 category also included the Courtyard by Marriott Kingston, in Kingston, Jamaica, and the TRYP by Wyndham Isla Verde, in Carolina, Puerto Rico.

Hilton ArubaThe Hilton Aruba Caribbean Resort & Casino, in Palm Beach, Aruba, was named Single Asset Transaction of the Year 2015. Formerly the Radisson Resort, Casino & Spa, sold to Aruba Growth Fund JV Goldman Sachs by affiliated entities of Carlson Hotels Real Estate Inc. for an undisclosed amount. The transaction was brokered by Eastdil Secured. The additional finalists in the Single Asset Transaction of the Year 2015 were the Grand Cayman Marriott Beach Resort, in Grand Cayman, Cayman Islands and The Ritz-Carlton St. Thomas, in St. Thomas, USVI.

Liam J. Day of BCQS International chaired the Development of the Year Award committee and Kent Schwarz of Colliers International Hotels chaired the Single Asset Transaction of the Year Award committee. The two committees were comprised of hotel industry leaders who selected, reviewed, and nominated deals. The finalist information was then sent to the CHRIS delegates for voting.

Caribbean Hotel & Resort Investment Summit (CHRIS) is the Caribbean’s most important hotel and tourism investment conference. The conference immediately precedes a second important event, the Hotel Opportunities Latin America (HOLA) conference. The back-to-back nature of the two events provides a venue for the hotel investment community that is interested not only in the Caribbean, but also in Latin America, to conduct their business while in Miami. CHRIS and HOLA are hosted by Burba Hotel Network (BHN).

For additional information on the CHRIS conference visit the website.

####

About the Host
BHN is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With three decades of experience, over 130 events completed to-date, and more than 90,000 international delegates, BHN conferences have become “must attend” events for industry leaders who come together to network, conduct business, and to learn about the latest trends.

BHN events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London.

The BHN website is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.