THE NHIF SPRING 2016 MEETING
THE NHIF SPRING 2016 MEETING
Thursday, April 21, 2016, 4:00-7:30 p.m.
The Arctic Club Seattle – a DoubleTree by Hilton, 700 3rd Ave., Seattle, WA 98104
AGENDA:
4:00 pm – Registration and Check-in
4:00-4:50 pm – Opening Networking Reception
Refreshments and light 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, management, development, or ownership, make the acquaintances and connections you need to help achieve your objectives.
4:50-6:30 pm – Presentation and Panel Discussion
Short Program—Transactions and Analysis of Investment Parameters. Mark Lukens of LW Hospitality Advisors (LWHA) will provide an update on recent hotel sales and an analysis of investment parameters in the current marketplace. This information and analysis will provide context for our centerpiece program, below. LWHA provides advisory, valuation, feasibility, investment counseling, asset management, and transactional services focused exclusively on hotels, resorts, gaming properties, and conference center assets worldwide. Mark has over 25 years of experience in hospitality real estate and holds the MAI designation from the Appraisal Institute.
Centerpiece Program: “Buy, Sell, Hold, or Develop?” This topic is always top-of-mind, but it is of particular interest in the current environment, with the disconnect between Wall Street valuations and industry forecasts, the advent and growth of some new industry disruptors, and a perceived peak in hotel real estate values. Carter Wilson of STR (one of our panelists) will provide information and statistics that bear on the topic, including the impact of industry disruptors. We will then turn to a discussion with three, recognized and highly-regarded CEOs in the industry.
Panelists:
Navin Dimond, President and CEO, Stonebridge Companies (Denver, Colorado). Navin is the founder of Stonebridge and serves as its President and CEO, overseeing the company’s development, operations, and investment functions. He is the recipient of some of the industry’s highest awards, including the AAHOA Award of Excellence, the Hilton Multi-brand Developer of the Year Award, and the Marriott Partnership Circle Award. Stonebridge Companies, founded in 1991, is a privately-owned, hotel owner, operator and developer. The company’s current portfolio includes 45 hotels nationwide, including select-service, extended-stay, and full-service hotels in markets throughout the U.S.
Walter Isenberg, President and CEO, Sage Hospitality (Denver, Colorado). Walter is the co-founder of Sage and serves as its President and CEO. Walter is a member of the AHLA Government Affairs committee and the Marriott and Starwood Owner Advisory Boards, and was recently inducted into the Denver & Colorado Tourism Hall of Fame. Sage Hospitality was founded in 1984, and its history includes ground-up development, historic-adaptive re-use, acquisitions, and third-party management. Its portfolio includes 75 hotels and 10 independent restaurants in 26 states nationwide.
James Merkel, CEO, Rockbridge Capital (Columbus, Ohio). Jim is an original partner and co-founder of Rockbridge and serves as its CEO. He establishes the company’s strategic direction, leads its investment strategies, and chairs its Investment and Investment Management Committees. Rockbridge is a hotel investment firm with an integrated approach that includes portfolio construction, investment origination, and investment management. Through its funds and over nearly two decades, Rockbridge has made over 200 investments in 38 states. Its current portfolios include over 40 branded and independent, upper-upscale, upscale and upper midscale, full and select service hotels nationwide.
Carter Wilson, Manager, STR Analytics (Boulder, Colorado). Carter Wilson manages daily operations, product development and consulting assignments for STR Analytics. Carter has over 20 years of experience in the hospitality industry and presents frequently at conferences and company events. STR Analytics is the analytical arm of STR Global, the industry’s unparalleled information gatherer and provider.
Moderator:
Irvin Sandman, Attorney – Counselor, Sandman Savrann PLLC (Seattle, WA). Sandman Savrann is a national law firm devoted exclusively to providing comprehensive legal counsel to the hospitality industry. Irv has counseled 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, a past president of the Hospitality Industry Bar Association, and editor-in-chief of the Washington State Hospitality Law Manual, Third Edition (2012).
6:30-7:30 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 Thursday, March 31, 2016) is $60; later registration is $75. Early registration is recommended.
Membership is considered for executives and principals of hotel owners, investors, developers, branded and third-party management companies, franchisors, and lenders. If you feel you are qualified for membership and would like to be considered for an invitation, please email isandman@sandsav.com.
NHIF STEERING MEMBERS:
Irvin W. Sandman, SANDMAN SAVRANN PLLC ~ Mark Lukens, LWHA
NHIF PATRON SPONSORS:
NHIF BRAND SPONSORS:
NHIF SILVER SPONSORS:
