43rd Annual NYU International Hospitality Industry Investment Conference Agenda

Tuesday, November 9, 2021 (Afternoon)


CONCURRENT WORKSHOPS:

12:10 p.m. - 1:00 p.m.

The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.

WORKSHOP XVII – Industry Segment

Building Back Better: Environmental and Social Responsibility in the Hospitality Industry

Fourth Floor, Wilder

Coinciding with the growing demand and need for corporations to embed social and environmental responsibility into their business strategy, the hospitality industry has experienced a significant shift in the past few years as to how it approaches sustainability and social impact issues. This shift has only been accelerated by the COVID-19 pandemic, with an increased focus on racial justice and equity, and constant reminders of the dangers of climate change. Topics that previously seemed difficult to address, at least publicly, such as plastics, carbon reduction, and human trafficking, have become cornerstones of hospitality companies’ environmental and social strategies as ESG (environmental, social, governance) has become crucial to business success, resilience and longevity.

This panel will explore this ESG journey including: discussion of key issues, external interest/demand, challenges that have been faced in addressing these critical issues and their current status, broader trends and where the industry is expected to head next.

Moderator:
Tricia Primrose

Tricia Primrose
Executive Vice President, Global Chief Communications and Public Affairs Officer, Marriott International

Panelists:
Kevin F. Carey

Kevin F. Carey
Executive Vice President and Chief Operating Officer, American Hotel & Lodging Association

Dr. Lynn Minnaert

Lynn Minnaert, PhD
Academic Director, Clinical Associate Professor, NYU School of Professional Studies, Jonathan M. Tisch Center of Hospitality, Conference Co-Host

Marta Molina-Seal

Marta Molina-Seal
Managing Partner, Chief Operating Officer, Alójica & CPG Hospitality


WORKSHOP XVIII – NYU Jonathan M. Tisch Center for Hospitality Alumni Panel

HOTEL ASSETS AND PORTFOLIOS IN AN INFLATIONARY ENVIRONMENT: RISING INVESTMENT OPPORTUNITIES

Fourth Floor, Odets

With the favorable debt backdrop and abundant equity, there are increasingly sizeable hotel refinance and acquisition deals. Which hotel assets and portfolios are good buys? How to weather uncertainties during and post COVID in markets home and abroad? The panel offers a dynamic conversation on seizing the opportunities to leverage synergies for operational efficiency and higher returns.

Moderator:
Jing Yang, PhD

Jing Yang, PhD
Clinical Assistant Professor, NYU School of Professional Studies, Jonathan M. Tisch Center of Hospitality

Panelists:
Ivan Colmenares

Ivan Colmenares
Vice President of Asset Management, LWHA Asset Management Group

Didio Pequeno

Didio Pequeno
Senior Consultant, Carpedia Hospitality

Estelle (Zihan) Wang

Estelle (Zihan) Wang
Financial Analyst, Hotels Debt & Structured Finance, CBRE Capital Markets


WORKSHOP XIX – Industry Segment

The Evolution of the Economy Lodging Segment: Current Thinking and The Shape of Things to Come

Fourth Floor, Ziegfeld

Changes in building technologies, changes in AI, new robotics, changing customer preferences:  how is the Economy Segment adapting to today’s environmental stresses?  Will an economic downturn benefit or harm this segment?  Who is playing in this space today from an investment standpoint – both debt and equity  - and what are some of their investment theses?  Players share their game secrets and strategies.  

Moderator:
Len Wolman

Len Wolman
Chairman, Waterford Hotel Group

Panelist:
Ron Burgett

Ron Burgett
Senior Vice President, Extended Stay Development, Choice Hotels International

Thomas Giuliano

Thomas Giuliano
Managing Director, BWH Hotel Group

Jared Meabon

Jared Meabon
Senior Vice President, Development, Wyndham Hotels & Resorts


WORKSHOP XX – Finance

Hotel Asset-Level Debt in a World Flush with Cash

Fifth Floor, Booth and Edison in the Lyceum Complex

It is no secret that there is a lot of money in the world today chasing investments.  How does this impact hotel lenders and hotel lending, especially at a time when many owners and operators are expecting at least some market contraction? Who is lending on hotel assets and asset portfolios?  What are today’s underwriting criteria, and are future cash flows expected to decrease?  For asset-level deals, how important is the brand, and to what extent will lenders look at new build versus existing?   Are there markets which are “go”’s and “no go”’s?  Active players who are immersed in this part of the capital stack share their thinking.

Moderator:
Phillip Gordon

Phillip Gordon
Partner, Perkins Coie

Panelists:
Thomas Barber

Thomas Barber
Managing Director, Mission Hill Hospitality, a KSL Company

Kevin Davis

Kevin Davis
Senior Managing Director, JLL Hotels & Hospitality Group

Deric S. Eubanks

Deric S. Eubanks
Chief Financial Officer, Ashford

Jared Kelso

Jared Kelso
Executive Managing Director, Cushman & Wakefield

Mark H. Lanspa

Mark Lanspa
Managing Director, Wells Fargo Bank

Lori Tirado

Lori Tirado
Managing Director, Head of Business Development, Access Point Financial


WORKSHOP XXI –Industry Segment

The Lodging Industry Landscape: View from the Upscale Segment

Fifth Floor, Salon 4 in the Lyceum Complex

The numbers are testament to the enduring appeal of the upscale segment.  But with midscale brands becoming more aspirational in terms of amenities, with the luxury segment always ready to hog the spotlight, and with lots of buzz about self-described lifestyle and boutique hotels, what is upscale’s “secret sauce” and is the recipe being changed? Are customer profiles changing, and if so, how? Who are today’s upscale travelers and what do they value? How are the big brands staying relevant and who are the disruptors and ankle-biters? A panel of experts takes us inside the anatomy of this segment.

Moderator:
Christina Trauthwein

Christina Trauthwein
Vice President, Content and Creative, Hotel Business / InspireDesign

Panelists:
Janis Cannon

Janis Cannon
Senior Vice President, Choice Hotels International

Amy Hulbert

Amy Hulbert
Vice President, Boutique and Upscale Brands, BWH Hotel Group

Alex Kuhl

Alex Kuhl
Vice President Development, Upscale and Luxury, IHG Hotels & Resorts

Diane Mayer

Diane Mayer
Vice President and Global Brand Manager, Classic Select Brands, Marriott International

Agnès A. Roquefort

Agnès A. Roquefort
Global Chief Development Officer, Accor


WORKSHOP XXII – Operations

The Future of Hotel Management Agreements

Fifth Floor, Salon 2 in the Juilliard Complex

The hotel management agreement blueprints the contractual relationship at the center of the modern lodging industry – the relationship that permits passive investment. Although it has evolved, there are those who consider it a fossil. Is the gap widening between the rights of owners and operators? Is there new common ground based upon shared threats such as the OTA’s, cyber-crime, and too-new-to-regulate technology? Experts hash out ideas on what could and should change to reflect the operating realities and pro-fessional climate of the modern-day business world.

Moderator:
Yuval Tal

Yuval Tal
Partner, Proskauer Rose

Panelists:
Kimo Bertram

Kimo Bertram
Vice President, Development, Hyatt Hotels

Greg Bingaman

Greg Bingaman
Director of Asset Management, Westmont Hospitality Group             

Alison Reid

Alison Reid
Chief Development Officer, Kimpton Hotels & Restaurants


WORKSHOP XXIII – Design        

Construction Costs: Predictions from the Experts

Fifth Floor, Belasco and Broadhurst in the Juilliard Complex

A panel of experts review past trends of labor and material costs during recent recession and recovery periods.  Is the past the only predictor or are things different this time?  Should you build/renovate now or wait a little longer?

Moderator:
Stacy S. Shoemaker Rauen

Stacy S. Shoemaker Rauen
Editor in Chief,  Hospitality Design magazine and Senior Vice President, Design Group Emerald

Panelists:
Craig Amos

Craig Amos
Executive Vice President Design and Construction, RLJ Lodging Trust

John C. Boettger

John C. Boettger
Managing Director, Westmont Hospitality Group

Warren G. Feldman

Warren G. Feldman
Chief Executive Officer, Nehmer / HVS Design

Carl A. Mayfield

Carl A. Mayfield
Executive Vice President, Park Hotels and Resorts



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

PARTNERING FOR CHANGE; A DEANS' DISCUSSION

Learn about the new partnership between the Marriott-Sorenson Center for Hospitality Leadership at Howard University and the NYU Jonathan M. Tisch Center of Hospitality.

Howard University and NYU are partnering to realize the full potential of a racially inclusive and equitable hospitality industry. Learn about the newly established partnership and future developments that aim at bringing change to the executive echelons of the hospitality industry. Learn how to become part of the solution and how the power of "We" can change the world.

PRESENTERS:
Nicolas Graf

Nicolas Graf, PhD
Jonathan M. Tisch Chaired Professor and Associate Dean, NYU School of Professional Studies, Jonathan M. Tisch Center of Hospitality

Anthony D. Wilbon

Anthony D. Wilbon, PhD, PMP
Dean, Howard University, School of Business


2:00 p.m. to 2:30 p.m.

ONE-ON-ONE

Sixth Floor, Broadway Ballroom

Interview Moderator:
Patrick Clark

Patrick Clark
Reporter, Bloomberg News

Interview Guest
Sébastien M. Bazin

Sébastien M. Bazin
Chairman and Chief Executive Officer, Accor


2:35 p.m. - 3:00 p.m.

THE IREFAC C. EVERETT JOHNSON AWARD

Sixth Floor, Broadway Ballroom

The Industry Real Estate Finance Advisory Council (IREFAC), annually 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:
Christopher J. Jordan

Christopher J. Jordan
Managing Director / Head of Specialty Real Estate Finance, Wells Fargo Corporate & Investment Banking

CO-PRESENTERS:
Laurence S. Geller

Laurence S. Geller
Chairman, Geller Capital Partners

Michael Murphy

Michael Murphy
Head of Lodging and Leisure Capital, First Fidelity Companies


3:00 p.m. - 3:50 p.m.

FINANCIALLY SPEAKING: IREFAC INSIDERS

Sixth Floor, Broadway Ballroom

IREFAC is a highly respected organization, operating under the American Hotel & Lodging Association umbrella. Its members convene twice a year to discuss the latest deals, industry occurrences, and trends.  In addition, many IREFAC participant firms provide the funding that enables deals to come to fruition.  This session affords Conference attendees an “inside look” at an IREFAC meeting. The latest (and greatest) from IREFAC.

CO-MODERATORS:
Mit Shah

Mit Shah
Chief Executive Officer, Noble Investment Group

Neil H. Shah

Neil H. Shah
President and Chief Operating Officer, Hersha Hotels and Resorts    

Panelists:
Laurence S. Geller

Laurence S. Geller
Chairman, Geller Capital Partners

Kevin Jacobs

Kevin Jacobs
Chief Financial Officer and President, Global Development, Hilton 

Christopher J. Jordan

Christopher J. Jordan
Managing Director, Head of Specialty Real Estate Finance, Wells Fargo Corporate & Investment Banking

Michael G. Medzigian

Michael G. Medzigian
Chairman and Chief Executive Officer, Watermark Lodging Trust 

R. Tyler Morse

R. Tyler Morse
Chairman and Chief Executive Officer, MCR   

Gilda Perez-Alvarado

Gilda Perez-Alvarado
Global Chief Executive Officer, JLL Hotels & Hospitality Group 


CONCURRENT WORKSHOPS:

3:55 p.m. - 4:55 p.m.

The Conference’s concurrent workshops focus on specialized topics of interest, allowing attendees to customize their experience, while gaining critical industry information from interactive panel discussions.

WORKSHOP XXIV – Finance

WHAT’S NEXT? NAVIGATING TURBULENT TIMES

Fifth Floor, Belasco and Broadhurst in the Juilliard Complex

From Chinese insurance companies to family wealth offices: changing economic, political, and legal factors mean that the universe of typical hotel buyers is morphing. Or is it? Who is driving the bus today? Where are investors coming from, who are they and what are they looking for? What asset types are hot and what are not? This panel of experts will discuss how changing market conditions are impacting their worlds, and what hotel buyers and sellers need to know.

MODERATOR:
Chelsey Leffet

Chelsey Leffet
Senior Vice President – Northeast Leader, HVS

PANELISTS:
Peter E. Dannemiller

Peter E. Dannemiller
Managing Director, Hodges Ward Elliott 

Diana Ovsepian

Diana Ovsepian
Senior Associate, Sidley Austin

Mark K. Owens

Mark K. Owens
Executive Vice President and Co-Head of Hospitality Capital Markets, CBRE

Nick Scribani

Nick Scribani
Senior Managing Director, Newmark

Evan Weiss

Evan Weiss
Chief Operating Officer, Principal, LW Hospitality Advisors 


WORKSHOP XXV – Industry Segment

THE MID-MARKET EVOLVES: CURRENT TRENDS AND THE SHAPE OF THINGS TO COME

Sixth Floor, Winter Garden

Fitness centers, high quality beds, sophisticated design and breakfast– the requirements of today’s midscale customers sound more like those of their upscale counterparts. In a market which has seen both significant new construction plus several new brands, what does it take to remain relevant? What attracts customers as well as investors – debt and equity? Midscale players discuss the innovations impacting this market, the investment theses that keep buyers and develop- ers interested, and a future vision.

Moderator:
Karen Rubin

Karen Rubin
Principal (CRE, CHA, MAI, FRICS), Karen Rubin Hotels

Panelists:
Michael J. Heaton

Michael J. Heaton
President, Waterford Hotel Group

Nina Kleiman

Nina Kleiman
Executive Vice President, Hotel Asset Value Enhancement (hotelAVE)

Talene Staab

Talene Staab
Global Head – Tru by Hilton, Hilton

David Wilner

David Wilner
Senior Vice President of Development, Wyndham Hotels and Resorts


WORKSHOP XXVI – Operations

THE WHO, WHAT, AND WHERE OF HOSPITALITY WORKFORCE MANAGEMENT TODAY

Fifth Floor, Salon 2 in the Julliard Complex

Even with the continued acceleration of digital transformation and technol- ogies that promise less labor-intensive hotel operations in some areas, our industry needs human capital. But the environment for talent is highly com- petitive in this latter-pandemic era, especially for roles that cannot include WFH protocols. What do we need to do to attract and retain talent? Who is our workforce today – and whom will we need tomorrow? And where can we find them?

Moderator:
Michelle Rutledge

Michelle Rutledge
Managing Director, Ferguson Partners

Panelist:
Andrea Grigg

Andrea Grigg
Head of Global Asset
Management, JLL Hotels
& Hospitality Group

Mark Heymann

Mark Heymann
Chief Executive Officer, UniFocus

Julie Jurta

Julie Jurta
Vice President – Human
Resources, Americas
Hotel Operations, IHG
Hotels & Resorts

Chris Pfohl

Chris Pfohl
Executive Vice President, Business Development & Acquisitions, Pyramid Hotel Group

Jennifer Rinck

Jennifer Rinck
Vice President, Learning, Human Resources, Hilton


WORKSHOP XXVII – Operations

Cyber Risk

Fifth Floor, Booth and Edison in the Lyceum Complex

As AI becomes more pervasive and as international tensions become more exacerbated, cyber threats are escalating in number and complexity. For hoteliers, cyber-danger is expanding in diverse directions – from beyond the organization’s walls and IT environments to “on property”. As hotels and their guests become increasingly connected, how is management solving the intri- cacy of contemporary cyber-challenges from the boardroom to the hotel room?

Moderator:
Mary E. Galligan

Mary E. Galligan
Managing Director, Cyber Risk Services, Deloitte & Touche

Panelists:
David A. Jordan

David A. Jordan
Senior Vice President, Chief Information Security Officer, IHG Hotels & Resorts

Gretchen A. Ramos

Gretchen A. Ramos
Global Co-Chair Data, Privacy and Cybersecurity Practice, Greenberg Traurig

Jason Stead

Jason Stead
Chief Information Security Officer, Choice Hotels

Arno Van Der Walt

Arno Van Der Walt
Senior Vice President and Chief Information Security Officer, Marriott International