Deal of the Year Awards to be Presented at CHRIS

The Caribbean Hotel & Resort Investment Summit (CHRIS) will present the prestigious Development of the Year and Single Asset Transaction of the Year Awards at the conference, to be held May 10-11, 2016, at the JW Marriott Marquis Miami in Miami, Florida, USA.

Finalists for the CHRIS Development of the Year Award include:

Courtyard by Marriott Kingston, Kingston, Jamaica – With 130 keys, a development cost of approximately US$24 million, first LEED certified project in Jamaica, owned and developed by Caribe Hospitality, and managed by Marriott International.

TRYP by Wyndham Isla Verde, Carolina, Puerto Rico – A 109 keys beachfront boutique hotel, an ambitious two phase renovation plan and brand conversion costing approximately US$4.5 million, owned by Empresas Santana, and developed and managed by Surfside Hotel Corporation.

Marriott Port Au Prince, Port Au Prince, Haiti – 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 for the CHRIS Single Asset Transaction of the Year Award include:

Grand Cayman Marriott Beach Resort, Grand Cayman, Cayman Islands – The 295 key resort sold to UK-based London & Regional by US-based Gencom Group JV The Private Equity Group for an undisclosed amount.  The transaction was brokered by CBRE Hotels – Miami.

 Hilton Aruba Caribbean Resort & Casino, Palm Beach, Aruba – 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 Ritz-Carlton St. Thomas, St. Thomas, USVI – With 180 keys, sold to Ashford Hospitality Prime, Inc. by Marriott International, Inc. for approximately US$64 million (US$355,000 per key). CBRE Hotels represented Marriott International, Inc. in the transaction.

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 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 please visit the CHRIS website

2016-05-18T12:42:25+00:00May 2nd, 2016|Tags: , |