The NHIF Fall 2024 Meeting
The Northwest Hotel Investment Forum is a place where:
- Stakeholders learn about trends affecting hotel investment, ownership and development.
- Equity, debt, management, brands, and developers find each other.
- Stakeholders learn about opportunities in the region and elsewhere.
- Investors, owners and developers who are new to hotels make industry connections.
THE NHIF FALL 2024 MEETING
Thursday, November 14, 2024, 4:00-7:30 pm
The InterContinental Bellevue
850 103rd Avenue NE, Bellevue, WA 98004
AGENDA:
Pre-function: 3:00-3:45 – Tour of the Intercontinental Bellevue at the Avenue
Join a privately guided, optional tour of the recently-opened InterContinental Bellevue at the Avenue. Further details will be announced.
3:45-4:00 pm – Registration and Check-in
4:00-4:55 pm – Opening Networking Reception (Refreshments and Appetizers)
Reconnect with regional and national industry colleagues. Learn from each other about deal opportunities and projects in the pipeline. Whether you’re equity, debt, brand, management, development, or ownership, build the relationships that will help you achieve your objectives.
5:00-6:45 pm – Presentation and Panel Discussion
Short Program—Hotel Performance. This presentation will provide current information and data on hotel performance and transactions.
Presenters:
Emmy Hise, Director of Hospitality Analytics, Western US, CoStar (Denver, CO). Emmy analyzes and presents economic trends and themes within the Hospitality sector for the western United States to clients using STR and CoStar’s extensive databases. STR was acquired in October 2019 by CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces. STR is the industry’s unparalleled information gatherer and supplier, providing global data benchmarking, analytics, and marketplace insights. www.costar.com; www.strglobal.com
Mark Lukens, Managing Director, LWHA (Seattle, Washington). Mark has over 25 years of experience in hospitality real estate and holds the MAI designation from the Appraisal Institute. LWHA provides advisory, valuation, feasibility, investment counseling, asset management, and transactional services focused exclusively on hotels, resorts, gaming properties, and conference center assets worldwide. www.lwhospitalityadvisors.com
Centerpiece Program: “Hotel Conversions and Adaptive Reuse”. The post-COVID work-from-home phenomenon, severe changes in the capital markets, and other unprecedented trends have caused dislocations and disruptions in many markets. These paradigm shifts have impacted values, but they also present opportunities for conversions and adaptive reuse. Our national-level panel will discuss where things are, where they are going, and how to “skate to where the puck is going to be.”
Moderator:
Irvin Sandman, Principal – Attorney, Sandman Savrann PLLC (Seattle, WA). With over 30 years of experience in the hospitality industry, Irvin has served as lead counsel for hotel clients in thousands of hotel matters and transactions regionally, nationally and internationally, including hotel developments, acquisitions and dispositions, financial and entity structuring, management and franchise agreements, operational matters, and dispute resolution. He is the 2008 recipient of the Anthony Marshall Award for lasting contributions to hospitality law, is the editor-in-chief of the Washington State Hospitality Law Manual, Third Edition, and is recognized by Best Lawyers in America® in the category of Leisure and Hospitality Law. Sandman Savrann is a national law firm devoted to the hospitality industry. The Firm is recognized by Best Law Firms® as a Tier 1 law firm in the category of Leisure and Hospitality. Through its Associated Firms, which serve as Sandman Savrann’s departments, the Sandman Savrann team includes over 1,400 attorneys nationwide, delivering comprehensive, cost-effective counsel for regional, national, and international hotel companies and owners. www.sandmansavrann.com
Panelists:
Kimo Bertram, Vice President Development, Hyatt Hotels Corporation (San Francisco, CA). Kimo is responsible for overseeing Hyatt’s expansion efforts for full-service brands in 12 western United States and Hawaii. With over 20 years of experience in the Hotel industry, he has added full service, luxury and lifestyle hotel rooms for two large global hospitality companies through acquisitions, management agreements, and franchise agreements. Kimo’s expertise includes extensive experience with capital structures, having been involved in over $6B in real estate development and deployed over $850MM in equity, preferred equity, mezzanine debt, debt guarantees, and key money. Before Hyatt, Kimo held leadership positions at Hilton Hotels and PKF Consulting. Hyatt has a 67 year history of hospitality innovation and leadership. It holds 29 brands across all hotel segments, and its flags currently fly over 1,352 hotels worldwide. www.hyatt.com.
Eric Jacobs, Chief Global Growth Officer, Aimbridge Hospitality (Plano, TX). As Aimbridge’s Chief Global Growth Officer, Eric is responsible for the company’s global growth pursuits and empowering Aimbridge’s business development teams to fuel the company’s expansion goals domestically and abroad. Eric has over 35 years of multi-brand hospitality experience. Before Aimbridge, Eric was most recently Chief Development Officer, North America at Marriott, where he led the growth strategy and execution for 10 different brands, adding close to 2,400 hotels and 264,000 rooms to the Marriott system. His development background also includes roles at Tarsadia Hotels, Hilton, and IHG. Eric is a board member of Extreme Response International, board member of ECPAT- USA (PACT), and coach for Leader Mundial, a leading non-profit that aims to position leaders and organizations for greater global impact. Aimbridge is one of the largest worldwide management companies. Aimbridge currently manages approximately 1,500 hotels in eight countries, including conference/conventions centers and resort/luxury, full service, select service and extended stay hotels. www.aimbridgeemea.com
Robert D. Kline, CEO and Co-Founder, Chartres Lodging Group, LLC (San Francisco, CA). Rob co-founded Chartres Lodging Group in 2002. Since then, he has been involved in all aspects of the company’s strategic direction, selection of asset opportunities, investments, investor relationships, and asset repositioning, and has invested over $10 billion of capital on his own behalf and on behalf of Chartres’s select group of private investors and institutional funds. He is recognized in the lodging industry as a proactive turnaround investor and a leading asset manager. Since graduating from Cornell University’s School of Hotel Administration in 1984, he has led over $15 billion in transactional activity. Before co-founding Chartres, he held leadership positions at The Yarmouth Group/Lend Lease, where he pioneered the establishment of its lodging investment and asset management advisory practice, and at Strategic Hotel Capital, where he oversaw the purchase of $2 billion of luxury hotels across three countries. Mr. Kline serves on the boards of Cornell’s the Dean’s Advisory Board, AH&LA, WildCare of the Bay Area, and as founding member of the Hot Springs Association. He is also a Co-Founder of the Hotel Asset Managers Association. Chartres Lodging Group serves as a principal partner and advisor for strategic institutional and select private lodging investors. It identifies lodging assets that are ripe for repositioning or renovation, investing in opportunities where it can best add value to achieve internal growth without relying on market timing. www.chartreslodging.com.
Rick Takach, Jr., Chairman and CEO, Vesta Hospitality (Vancouver, WA). Rick founded Vesta Hospitality in 1996. With more than 40 years of experience in the hotel industry, Rick has earned a reputation for attracting and retaining talented hospitality industry professionals who in turn create profitable hotels with outstanding customer satisfaction. Before founding Vesta Hospitality, Rick served as Regional Manager for the Marriott Corporation in Bethesda, Maryland, and spent seven years as Executive Vice President of Dimension Development Company. Rick has served as Chairman of the Owner’s Association for InterContinental Hotels Group, Chairman of the Asia Pacific Region, Chairman of the Responsible Business Committee, and member of the Hilton Hotels Owners’ Advisory Council. Rick currently serves on the Board of Directors for the Oregon Restaurant and Lodging Association, the Board of Directors for the American Hotel and Lodging Association, and as President of the PeaceHealth Southwest. Vesta invests in and manages Select Service, boutique, and independent hotels. Its portfolio currently includes 13 hotels in 7 states, including the recent projects for the redevelopment/conversion of the Shilo Inn & Suites Portland Airport to a JdV by Hyatt and Hyatt House. www.vestahospitality.com.
6:45-7:30 pm – Post-Presentation Networking and Cocktail Reception (Cocktails and Appetizers)
Pick up your discussions and connections from earlier in the evening. Meet those still on your list. Make plans for follow-up meetings or visits to northwest sites, hotels, or markets.
7:30 pm – Adjournment
REGISTRATION AND NHIF MEMBERSHIP INFORMATION:
Registration is open only to Members of NHIF and to NHIF’s invited guests. Early registration (through Friday, October 11, 2024) is $225; later registration is $250. Early registration is recommended. To register, please go to the link shown in the email notifications you’ve received about the meeting.
RESERVATIONS AT THE HOST HOTEL:
The InterContinental Bellevue is graciously providing a limited block at a favorable rate for NHIF attendees. The room block is expected to end on Friday, October 11, 2024, or until the group block is sold out, whichever comes first. To make a reservation under the room block, please follow the instructions in the email notifications you have or will be receiving about the meeting.
NHIF STEERING MEMBERS:
Irvin W. Sandman, Sandman Savrann PLLC ~ Mark Lukens, LWHA
NHIF PATRON SPONSORS:
NHIF BRAND SPONSORS:
NHIF PORTFOLIO SPONSORS:
NHIF SILVER SPONSORS:
