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38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE JUNE 5–7, 2016 New York Marriott Marquis • NYC Conference Host Dennis Di Lorenzo Harvey J. Stedman Dean NYU School of Professional Studies Conference Chair Jonathan M. Tisch Co-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts TISCH CENTER FOR HOSPITALITY AND TOURISM @nyuhospitality CONFERENCE AGENDA sps.nyu.edu/hospitalityconference

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY … · 38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE JUNE 5–7, 2016 New York Marriott Marquis • NYC Conference

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Page 1: 38TH ANNUAL NYU INTERNATIONAL HOSPITALITY … · 38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE JUNE 5–7, 2016 New York Marriott Marquis • NYC Conference

38TH ANNUAL NYU

INTERNATIONAL HOSPITALITY INDUSTRYINVESTMENT CONFERENCEJUNE 5–7, 2016 New York Marriott Marquis • NYC

Conference HostDennis Di LorenzoHarvey J. Stedman Dean NYU School of Professional Studies

Conference ChairJonathan M. TischCo-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts

TISCH CENTER FOR HOSPITALITY AND TOURISM

@nyuhospitality

CONFERENCE AGENDA

sps.nyu.edu/hospitalityconference

Page 2: 38TH ANNUAL NYU INTERNATIONAL HOSPITALITY … · 38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE JUNE 5–7, 2016 New York Marriott Marquis • NYC Conference

AT-A-GLANCE

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

SUNDAY, JUNE 56:00 p.m. to 8:00 p.m.WELCOME RECEPTIONSixth Floor, Broadway Ballroom

MONDAY, JUNE 67:00 a.m. to 7:55 a.m.NETWORK AND NOSHFifth Floor, Westside Ballroom

8:00 a.m. to 11:20 a.m.GENERAL SESSIONS

8:00 a.m. to 8:20 a.m.WELCOME FROM NYUSPSSixth Floor, Broadway Ballroom

8:25 a.m. to 8:45 a.m.CONFERENCE CHAIR’S OPENING REMARKSSixth Floor, Broadway Ballroom

8:50 a.m. to 9:10 a.m.GOVERNMENT UPDATESixth Floor, Broadway Ballroom

9:15 a.m. to 10:10 a.m.THE CEOs CHECK IN:A VIEW FROM THE TOPSixth Floor, Broadway Ballroom

10:15 a.m. to 10:45 a.m.TO OWN OR NOT TO OWN?THAT IS THE QUESTIONSixth Floor, Broadway Ballroom

10:50 a.m. to 11:20 a.m.STATISTICALLY SPEAKINGSixth Floor, Broadway Ballroom

11:25 a.m. to 11:55 a.m.COFFEE BREAK IN THE EXPO CAFÉFifth Floor, Westside Ballroom

12:00 p.m. to 1:00 p.m.CONCURRENT WORKSHOPS

WORKSHOP I – FinancePRIVATE EQUITY: CASHING INOR CASHING OUT?Fifth Floor, Westside Salon 1

WORKSHOP II – Industry Data ContinuedDEMAND, PRICES, PROFITS, AND VALUES—WHAT TO EXPECT IN THE YEAR AHEADFifth Floor, Juilliard Room

WORKSHOP III – OperationsTHE NEW FACE OF HOTEL OWNERSHIP—ASSET MANAGERSFifth Floor, Broadhurst Room

WORKSHOP IV – DesignBLURRED VISION: UNDERSTANDING THE HOTEL TIER DIFFERENCESFourth Floor, Odets Room

WORKSHOP V – IndustryDIFFERENTIATED ANDEXPERIENTIAL LUXURYSixth Floor, Shubert Room

WORKSHOP VI – FinanceTHE CAPITAL AGENDA – HOW CONFIDENT ARE YOU? PERSPECTIVES FROM THE C-SUITEFourth Floor, Wilder Room

WORKSHOP VII – FinanceREITs – THE BALANCING ACT BETWEEN INDUSTRY FUNDAMENTALS, LIQUIDITY, AND WALL STREET ANALYSTSSixth Floor, Majestic Room

WORKSHOP VIII – IndustryMORE BANG FOR YOUR INVESTMENT BUCK!Fourth Floor, O’Neill Room

1:00 p.m. to 3:15 p.m.GENERAL SESSIONS

1:00 p.m. to 2:00 p.m.LUNCHEONSixth Floor, Broadway Ballroom

WELCOME

HOTEL NEWS NOW STEPHEN W. BRENER SILVER PLATE AWARD

2:05 p.m. to 2:35 p.m.ONE ON ONE WITH JONATHAN GRAY… MODERATED BY MARIA BARTIROMOSixth Floor, Broadway Ballroom

2:40 p.m. to 3:15 p.m.BEYOND THE STATISTICS: THE ECONOMISTS’ PROGNOSTICATESixth Floor, Broadway Ballroom

3:20 p.m. to 3:50 p.m.COFFEE BREAK IN THE EXPO CAFÉFifth Floor, Westside Ballroom

4:00 p.m. to 5:00 p.m.CONCURRENT WORKSHOPS

WORKSHOP IX – FinanceMANAGEMENT AGREEMENT OR LICENSE DEAL—WHAT’S YOUR PREFERENCE?Fifth Floor, Juilliard Room

WORKSHOP X – OperationsFRANCHISING: IT’S DOMINATING THE INDUSTRY’S GROWTHSixth Floor, Shubert Room

WORKSHOP XI – IndustryNEW AGE INDEPENDENTS: A FRESH FACE FOR THE HOTEL INDUSTRYFourth Floor, Odets Room

WORKSHOP XII – FinanceTHE YEAR OF CONSOLIDATION: M&A IS THE TALK OF THE TOWN AS LODGING REITs, LODGING C-CORPS, AND TIMESHARE COMPANIES MERGEFifth Floor, Broadhurst Room

WORKSHOP XIII – OperationsGETTING THE BEST ROI IN DISTRIBUTIONFourth Floor, O’Neill Room

WORKSHOP XIV – FinanceTHE HOTTEST PROPERTY TRANSACTIONS IN THE HOSPITALITY MARKETPLACEFourth Floor, Wilder Room

WORKSHOP XV – IndustryRESORTS REDEFINEDSixth Floor, Majestic Room

5:00 p.m. to 6:30 p.m.GRAND NETWORKING RECEPTIONEighth Floor, Broadway Lounge

2

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AT-A-GLANCE

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

7:15 a.m. to 8:15 a.m.NETWORK AND NOSHFifth Floor, Westside Ballroom

8:30 a.m. to 11:05 a.m.GENERAL SESSIONS

8:30 a.m. to 9:10 a.m.THE LEADERS’ FORUMSixth Floor, Broadway Ballroom

9:15 a.m. to 9:45 a.m.THE LEADERS CHECK IN – PART TWOSixth Floor, Broadway Ballroom

9:50 a.m. to 10:25 a.m.A VIEW FROM THE OWNER’S SEATSixth Floor, Broadway Ballroom

10:30 a.m. to 11:05 a.m.ANATOMY OF A TRANSACTIONSixth Floor, Broadway Ballroom

11:10 a.m. to 11:40 a.m.COFFEE BREAK IN THE EXPO CAFÉFifth Floor, Westside Ballroom

11:45 a.m. to 12:45 p.m.CONCURRENT WORKSHOPS

WORKSHOP XVI – FinanceTHE LENDERS’ FORUM: THE DEBT/TRANSACTION MARKETPLACE “NOW AND BEYOND”Fifth Floor, Westside Salon 1

WORKSHOP XVII – IndustryTHE NEW HOSPITALITY LIFESTYLE: EMERGING BRANDSSixth Floor, Majestic Room

WORKSHOP XVIII – DesignON DECK: “NEXTGENDESIGN: DESIGNS CHANGING AT LIGHT SPEED”Fourth Floor, Odets Room

WORKSHOP XIX – IndustryCRYSTAL BALL FOR THE SELECT-SERVICE SEGMENT: THE FUTURE OF AN INDUSTRY DARLINGFourth Floor, O’Neill Room

WORKSHOP XX – OperationsHIGH YIELD RETURNS – LEVERAGING CREATIVE BUSINESS PLANS TO ACHIEVE HIGH YIELD RETURNS AT THIS POINT IN THE CYCLEFifth Floor, Juilliard Room

WORKSHOP XXI – DevelopmentHUMAN CAPITAL: DRIVING CORPORATE CULTURE AND SUCCESSFUL RECRUITING STRATEGIES IN AN EVER-CHANGING ENVIRONMENT FOR TALENTSixth Floor, Shubert Room

WORKSHOP XXII – NYU Alumni PanelSOCIAL MEDIA, EMOTIONAL CONNECTIONS, AND THE BOTTOMLINEFourth Floor, Wilder Room

WORKSHOP XXIII – LegalTHE LEGAL ISSUES EVOLVING OUT OF THIS ERA OF CONSOLIDATIONFifth Floor, Broadhurst Room

1:00 p.m. to 3:30 p.m.GENERAL SESSIONS

1:00 p.m. to 1:55 p.m.LUNCHEONSixth Floor, Broadway Ballroom

CONFERENCE PATRON AND SPONSOR NYU SCHOOL OF PROFESSIONAL STUDIES TISCH CENTER FOR HOSPITALITY AND TOURISM SCHOLARSHIP AWARDS

2:00 p.m. to 2:25 p.m.BEYOND THE BOARDROOMSixth Floor, Broadway Ballroom

2:30 p.m. to 3:30 p.m.THE IREFAC C. EVERETT JOHNSON AWARDSixth Floor, Broadway Ballroom

FINANCIALLY SPEAKING: IREFAC INSIDERSSixth Floor, Broadway Ballroom

3:45 p.m. to 4:45 p.m.CONCURRENT WORKSHOPS

WORKSHOP XXIV – IndustryCUBA: GLIMPSES OF POSSIBILITY FOR THE FORBIDDEN ISLANDFifth Floor, Broadhurst Room

WORKSHOP XXV – FinanceNAVIGATING THE COURSE: BALANCING THE INTERESTS OF BUYERS, SELLERS, LENDERS, AND BROKERSFifth Floor, Juilliard Room

WORKSHOP XXVI – IndustryREINVENTING LUXURYFourth Floor, Wilder Room

WORKSHOP XXVII – OperationsENHANCING THE CUSTOMER EXPERIENCE: THE CHANGING LANDSCAPE INCLUDING CONNECTIVITY, LOYALTY, AND CONSUMER FACING TECHNOLOGYFourth Floor, Odets Room

WORKSHOP XXVIII – FinanceOVERBUILDING/OVER-SUPPLYFourth Floor, O’Neill Room

WORKSHOP XXIX – IndustryTHE BOUTIQUE BONANZA: DEFINED AS A HIGHLY SPECIALIZED, ELITE NICHE. INDEPENDENT OR AFFILIATED, THEY ARE CURRYING FAVOR WITH CHANGING TRAVELER TASTESSixth Floor, Shubert Room

Isabelle Claver, PwC, moderates a discussion onuber-luxury during the 2015 Conference.

3

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

SUNDAY, JUNE 5

6:00 p.m. to 8:00 p.m.WELCOME RECEPTIONSixth Floor, Broadway Ballroom

Join us as we open the 2016 NYU International Hospitality Industry Investment Conference! Meet, mingle,and network with the professionals who drive this stimulating, changing,and fascinating industry. (Dress isbusiness casual.)

MONDAY, JUNE 6

7:00 a.m. to 7:55 a.m.NETWORK AND NOSHFifth Floor, Westside Ballroom

Enjoy a great breakfast with colleagues, as you prepare for an enlightening day that will focus on changes and trends in the industry.

8:00 a.m. to 11:20 a.m.GENERAL SESSIONS

8:00 a.m. to 8:20 a.m.WELCOME FROM NYUSPSSixth Floor, Broadway Ballroom

A welcome to the Conference from the dean of the NYU School of Professional Studies and the president of New York University.

Dennis Di LorenzoHarvey J. Stedman Dean, NYU School of Professional Studies, Conference Host

Andrew HamiltonPresident, New York University

8:25 a.m. to 8:45 a.m.CONFERENCE CHAIR’S OPENING REMARKSSixth Floor, Broadway Ballroom

An introduction on what is happening in the industry, why the Conference is important, and how it is structured to provide the most relevant and timely information.

Jonathan M. TischCo-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts

8:50 a.m. to 9:10 a.m.GOVERNMENT UPDATESixth Floor, Broadway Ballroom

Policymaking decisions on workforce, the environment, and transportation among other issues, impact our industry by affecting our day-to-day operations, as well as our long-term outcomes. Gain the most current view from our industry leaders on what is happen-ing in Washington, DC and around the world that may influence our businesses in the months and years to come.

MODERATOR:

Jonathan M. TischCo-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts

PANELISTS:

Roger DowPresident and Chief Executive Officer, US Travel Association

Katherine LugarPresident and Chief Executive Officer, American Hotel & Lodging Association

Dennis Di Lorenzo, NYUSPS dean and Conference host, addressing attendees at the 2015 NYU International Hospitality Industry Investment Conference.

4Sunday, June 5 – Monday, June 6 | 4

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

9:15 a.m. to 10:10 a.m.THE CEOs CHECK IN:A VIEW FROM THE TOPSixth Floor, Broadway Ballroom

Learn about the evolving investment land-scape and the changing consumer base from top hospitality executives, as well as how the competition is pressing these CEOs to lead their brands and to differentiate their companies.

MODERATOR:

Kristin Lamoureux, PhDAssociate Dean and Clinical Associate Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism

PANELISTS:

Stephen P. JoyceChief Executive Officer, Choice Hotels International

Christopher J. NassettaPresident and Chief Executive Officer, Hilton Worldwide

Richard SolomonsChief Executive Officer, InterContinental Hotels Group (IHG)

Arne SorensonPresident and Chief Executive Officer, Marriott International

10:15 a.m. to 10:45 a.m.TO OWN OR NOT TO OWN?THAT IS THE QUESTIONSixth Floor, Broadway Ballroom

Discuss the pressing questions around own-ership. Listen to investment leaders discuss the challenges and changes in the continuing debate over investment success strategies.

MODERATOR:

Jeffrey A. HorwitzCorporate Partner, Head of Lodging & Gaming Practice and Co-Head of Private Equity Real Estate Group, Proskauer

PANELISTS:

Monty J. BennettFounder, Chairman, and Chief Executive Officer of Ashford Group of Companies, Ashford

Jonathan LangerChief Executive Officer, NorthStar Realty Finance Corp.

Michael G. MedzigianManaging Partner, Watermark Capital Partners

Mit ShahChief Executive Officer and Senior Managing Principal, Noble Investment Group

Nate TyrrellManaging Director, Investments, Host Hotels & Resorts

10:50 a.m. to 11:20 a.m.STATISTICALLY SPEAKINGSixth Floor, Broadway Ballroom

Data is a critical factor in the hospitality industry for planning, growth, expansion, and taking advantage of new and emerg-ing opportunities. Learn from two of the top industry research and consultation specialists about current trends, as well as their forecasts.

CO-PRESENTERS:

Amanda HitePresident and Chief Operating Officer, STR

Stephen Rushmore, Jr.President and Chief Executive Officer, HVS

Left to right: Jonathan M. Tisch, Conference chair; Dorothy Jennings, Conference coordinator, HVS; and Dennis Di Lorenzo, NYUSPS dean and Conference host at the 2015 Conference.

Monday, June 6 | 5@nyuhospitality

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

11:25 a.m. to 11:55 a.m.COFFEE BREAK IN THE EXPO CAFÉFifth Floor, Westside Ballroom

Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.

12:00 p.m. to 1:00 p.m.CONCURRENT WORKSHOPS

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

WORKSHOP I – FinancePRIVATE EQUITY: CASHING IN OR CASHING OUT?Fifth Floor, Westside Salon 1

As we edge closer to the peak of the current cycle, is hospitality still fertile ground for new private equity investment or are these investors beginning to cash out? This panel will provide valuable insights into how private equity investors are thinking about the lodg-ing industry and its investments.

MODERATOR:

Francis J. NardozzaChairman and Chief Executive Officer, REH Capital Partners

PANELISTS:

• Glenn Alba, Managing Director, Blackstone

• Michael Depatie, Managing Partner, KHP Capital Partners

• Michael Klingher, Senior Managing Director, Westmont Hospitality Group

• Cia Buckley Marakovits, Chief Investment Officer, Dune Real Estate Partners

• Christian J. Ryan, Managing Director, US Real Estate and Hospitality Practice – US Hospitality & Gaming Practice Leader, Marsh & McLennan Companies

WORKSHOP II – Industry Data ContinuedDEMAND, PRICES, PROFITS, AND VALUES—WHAT TO EXPECT IN THE YEAR AHEADFifth Floor, Juilliard Room

The maturing state of the current cycle presents interesting opportunities and chal-lenges for the road ahead. Learn about the maturing state of the current cycle as well as what to expect in the immediate future. Representatives from some of the leading lodging industry information sources will share their perspectives on the key drivers of hotel performance for the remainder of this year and next.

MODERATOR:

R. Mark WoodworthSenior Managing Director, CBRE Hotels’ Americas Research

PANELISTS:

• Barrett R. Boston, President, Americas, TravelClick

• Vail Brown, Senior Vice President of Global Business Development and Marketing, STR

• Suzanne R. Mellen, Senior Managing Director of Consulting and Valuation, HVS

• Brian Payea, Head of Industry Relations, TripAdvisor

• Sue Spinney, Senior Director of Market Management, Expedia

WORKSHOP III – OperationsTHE NEW FACE OF HOTEL OWNERSHIP—ASSET MANAGERSFifth Floor, Broadhurst Room

Hotel and investment leaders describe the roles of modern asset managers, who uses them, and what they can accomplish that individual owners cannot.

MODERATOR:

Richard WarnickManaging Director and Co-Chair, CHMWarnick

PANELISTS:

• Steven Angel, Principal, Fulcrum Hospitality

• Greg Bingaman, Director, Asset Management, Westmont Hospitality Group

• Howard B. Isaacson, Senior Vice President, Asset Management, RLJ Lodging Trust

• Christopher Ostapovicz, Regional Vice President, Asset Management, Host Hotels & Resorts

2015 NYU Conference scholarship recipient Zachary Tranter addressing attendees.

Monday, June 6 | 6@nyuhospitality

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

WORKSHOP IV – DesignBLURRED VISION: UNDERSTANDING THE HOTEL TIER DIFFERENCESFourth Floor, Odets Room

In the hotel industry, lines are blurred between select service and full service, luxury and boutique, lifestyle and soft brands, mak-ing it difficult to distinguish among tiers. How can chains differentiate between new brands being added in this crowded marketplace? Brand representatives will discuss strategy and design characteristics and how these tiers can strive to set themselves apart.

MODERATOR:

Jonathan C. NehmerChairman and Founder, Jonathan Nehmer + Associates

PANELISTS:

• Jim Holthouser, Executive Vice President, Global Brands, Hilton Worldwide

• Sandra Cordova Micek, Senior Vice President of Global Brands, Hyatt Hotels Corporation

• David Pepper, Chief Development Officer, Choice Hotels International

• Allison Reid, Senior Vice President of Development and Acquisitions, North America, Starwood Hotels & Resorts Worldwide

• Noah J. Silverman, Chief Development Officer, North America Full Service Hotels, Marriott International

WORKSHOP V – IndustryDIFFERENTIATED AND EXPERIENTIAL LUXURYSixth Floor, Shubert Room

As the luxury market expands, differentiating in this space becomes increasingly difficult. Luxury hotels have to deliver a unique experi-ence in an ever-changing global marketplace to stay ahead. Hear how luxury leaders honor diverse and escalating service demands of customers across generations, geographies, and cultures, while continuing to expand their profitability.

MODERATOR:

Meghan CocciCo-Chair, Global Hotels and Leisure, Dentons

PANELISTS:

• Michael F. Glennie, President and Chief Operating Officer, FRHI Hotels & Resorts

• Jason Herthel, President and Chief Operating Officer, Montage Hotels & Resorts

• Ben Leahy, Managing Director, Head of Lodging Group Investment Banking, Goldman, Sachs & Co.

• Homi Vazifdar, Managing Director, Canyon Equity

WORKSHOP VI – FinanceTHE CAPITAL AGENDA – HOW CONFIDENT ARE YOU? PERSPECTIVES FROM THE C-SUITEFourth Floor, Wilder Room

How are industry leaders approaching growth and innovation? What are the most important questions to be addressed as we look ahead?

MODERATOR:

Michael A. FishbinGlobal & Americas Hospitality Leader, EY

PANELISTS:

• Gaurav Bhushan, Global Chief Development Officer, AccorHotels

• Jeanmarie Cooney, Chief Financial Officer, Wyndham Hotel Group

• Deric Eubanks, Chief Financial Officer, Ashford

• John S. Hamilton, Senior Vice President, Acquisitions and Business Development, Pyramid Hotel Group

• Glenn Wasserman, Executive Vice President and Chief Financial Officer, Denihan Investments

• Todd G. Wynne-Parry, Executive Vice President, Global Acquisitions and Development, Commune Hotels + Resorts/Destination Hotels

Meghan Cocci of Dentons, far right, moderates a discussion on luxury—a sought-after lifestyle of five-star service and upscale accommodations. Panelists from left to right—Jan D. Goessing, Mandarin Oriental Hotel Group; Michael F. Glennie, FRHI Hotels & Resorts; Raymond “Rip” Gellein, Jr., Strategic Hotels & Resorts; and Alfredo A. Carvajal, Delos.

Monday, June 6 | 7@nyuhospitality

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

WORKSHOP VII – FinanceREITs – THE BALANCING ACT BETWEEN INDUSTRY FUNDAMENTALS, LIQUIDITY, AND WALL STREET ANALYSTSSixth Floor, Majestic Room

Is there a REIT comeback as one of the industry’s preeminent investors? Listen to leaders debate the challenges of making REITs productive and successful in current and future hotel markets.

MODERATOR:

Gilda Perez-AlvaradoManaging Director, JLL

PANELISTS:

• Jonathan Mehlman, Chief Executive Officer and President, AR-Global Hospitality Trust

• Ashish R. Parikh, Chief Financial Officer, Hersha Hospitality Trust

• Lou Plasencia, Chief Executive Officer, The Plasencia Group

• Richard A. Smith, President and Chief Executive Officer, FelCor Lodging Trust

• Marcel Verbaas, President and Chief Executive Officer, Xenia Hotels & Resorts

WORKSHOP VIII – IndustryMORE BANG FOR YOUR INVESTMENT BUCK!Fourth Floor, O’Neill Room

Why does institutional money have a fascination with limited service? The limited service model continues to outperform and provide solid returns. Hear about the power of limited service hotels in commanding institutional money, as well as their increasing attractiveness to certain investment groups.

MODERATOR:

David EisenEditor in Chief, Hotel Management

PANELISTS:

• Navneet Bali, Chief Executive Officer, MEININGER Hotels

• Lance Miceli, Executive Vice President and Chief Marketing Officer, G6 Hospitality

• Brian Quinn, Chief Franchise Officer, RLHC

• Rajiv K. Trivedi, Executive Vice President and Chief Development Officer, La Quinta Inns & Suites

1:00 p.m. to 3:15 p.m.GENERAL SESSIONS

1:00 p.m. to 2:00 p.m.LUNCHEONSixth Floor, Broadway Ballroom

WELCOME

Dennis Di LorenzoHarvey J. Stedman Dean, NYU School of Professional Studies

HOTEL NEWS NOW STEPHEN W. BRENER SILVER PLATE AWARD

RECIPIENT:

Michael A. LevenChairman and Chief Executive Officer, Georgia Aquarium

CO-PRESENTERS:

Jeff HigleyVice President/Editorial Director, STR/Hotel News Now

Stephanie RiccaEditor in Chief, Hotel News Now

John Putrino, BMO Capital Markets, far left, moderates a 2015 panel discussion on the lending environment. Panelists left to right: Gary E. Axelrod, Latham & Watkins; Mark J. Gerstein, InterContinental Hotels Group (IHG); Mark Lanspa, Wells Fargo Bank, N.A.; Diane Morefield, Strategic Hotels & Resorts; and Rene J. Theriault, Goldman, Sachs & Co.

Monday, June 6 | 8

@nyuhospitality

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

2:05 p.m. to 2:35 p.m.ONE ON ONE WITH JONATHAN GRAY… MODERATED BY MARIA BARTIROMOSixth Floor, Broadway Ballroom

INTERVIEW GUEST:

Jonathan D. GrayGlobal Head of Real Estate, Blackstone

INTERVIEW MODERATOR:

Maria BartiromoAnchor and Global Markets Editor, FOX Business Network

2:40 p.m. to 3:15 p.m.BEYOND THE STATISTICS: THE ECONOMISTS’ PROGNOSTICATESixth Floor, Broadway Ballroom

Record low interest rates, a steady rise in the stock market, and overall low volatility are all contributing factors to the present fiscal environment affecting the hospitality industry.Hear renowned economic thought leaders analyze the current financial climate and offer their predictions for the coming years.

MODERATOR:

Peter LinnemanProfessor Emeritus, The Wharton School, The University of Pennsylvania; Principal, Linneman Associates

PANELISTS:

William LeeManaging Director and Head of North America Economics, Citi Research

Steven W. PedigoDirector, NYU School of Professional Studies Initiative for Creativity and Innovation in Cities; Clinical Assistant Professor of Economic Development, NYU School of Professional Studies

3:20 p.m. to 3:50 p.m.COFFEE BREAK IN THE EXPO CAFÉ Fifth Floor, Westside Ballroom

Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.

4:00 p.m. to 5:00 p.m.CONCURRENT WORKSHOPS

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

WORKSHOP IX – FinanceMANAGEMENT AGREEMENT OR LICENSE DEAL—WHAT’S YOUR PREFERENCE?Fifth Floor, Juilliard Room

The management contract has been the mechanism of choice for many years in the hotel industry. Now, other models are evolving that provide hotel owners with the representation they need and a measure of flexibility they’ve long desired. License deals are a notable example of this trend. This panel will explore the risks and rewards of these alternatives.

MODERATOR:

Todd E. SolowayPartner, Pryor Cashman

PANELISTS:

• Andrew Bullard, Vice President and Assistant General Counsel, Host Hotels & Resorts

• Jim Butler, Chairman, Global Hospitality Group, Jeffer Mangels Butler & Mitchell

• Jeffrey Schagren, General Counsel, Vice President, and Regional Talent and Culture Leader, AccorHotels

• Robert Winchester, President and Chief Operating Officer, Waterford Hotel Group

WORKSHOP X – OperationsFRANCHISING: IT’S DOMINATING THE INDUSTRY’S GROWTHSixth Floor, Shubert Room

This workshop will examine the changes in franchising and explore the various ways the franchise model is evolving. What are the hot topics in franchising from the perspective of hotel companies, owners, and operators? How do franchisers and owners/operators expand their relationships to ensure win/win results?

MODERATOR:

Joel M. EisemannChief Development Officer, Americas, InterContinental Hotels Group (IHG)

PANELISTS:

• Craig J. Aniszewski, Executive Vice President and Chief Operating Officer, Summit Hotel Properties

• Barry A.N. Bloom, Executive Vice President and Chief Operating Officer, Xenia Hotels & Resorts

• Bill Fortier, Senior Vice President, Development, Americas, Hilton Worldwide

• Naveen P. Kakarla, President and Chief Executive Officer, HHM

• Michael Morton, Vice President of Owner Relations, Best Western Hotels & Resorts

• Mehul Patel, Chairman and Chief Executive Officer, NewcrestImage

NYUSPS Tisch Center for Hospitality and Tourism Alumni networking at recent alumni event.

Monday, June 6 | 9

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

WORKSHOP XI – IndustryNEW AGE INDEPENDENTS: A FRESH FACE FOR THE HOTEL INDUSTRYFourth Floor, Odets Room

Movers and shakers in the independent hotel sector discuss their successful use of guest experiences, social media, and finding those less capital-intensive, fixer-upper projects.

MODERATOR:

Jeff WeinsteinEditor in Chief, HOTELS Magazine/HOTELS’ Investment Outlook

PANELISTS:

• Richard Born, Principal, BD Hotels

• Costa Dimas, Chief Business Officer, OE Collection – Loews Hotels

• Sean Hennessey, Clinical Assistant Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism

• Benjamin Weprin, Chief Executive Officer, AJ Capital Partners

WORKSHOP XII – FinanceTHE YEAR OF CONSOLIDATION: M&A IS THE TALK OF THE TOWN AS LODGING REITs, LODGING C-CORPS, AND TIMESHARE COMPANIES MERGEFifth Floor, Broadhurst Room

What is driving the trend and why now, after so many years? Join this panel fora discussion on M&A and financing in therapidly evolving lodging sector.

MODERATOR:

Drew GoldmanManaging Director and Global Co-Head, Real Estate Investment Banking, Deutsche Bank Securities

PANELISTS:

• Michael D. Bluhm, Managing Director, Global Head of Lodging and Leisure, Morgan Stanley

• Steven L. Lichtenfeld, Corporate Partner, Real Estate Capital Markets and Real Estate Finance Groups, Proskauer

• Steven Moore, Managing Director and Head of US Real Estate Deal Advisory, KPMG

• Davin Thigpen, Managing Director, Real Estate and Lodging Investment Banking, J.P. Morgan

• Paul M. Whyte, Managing Director and Global Co-Head of Real Estate Investment Banking, Credit Suisse

WORKSHOP XIII – OperationsGETTING THE BEST ROI IN DISTRIBUTIONFourth Floor, O’Neill Room

With so many diverse distribution channelsavailable, how do owners and operators determine the right mix of channels andpartnerships from brands, OTAs, search engines, meta search providers, and other vehicles for maximum profitability?

MODERATOR:

Len WolmanChairman and Chief Executive Officer, Waterford Group

PANELISTS:

• Ravneet Bhandari, Chief Executive Officer, LodgIQ

• Patrick T. Bosworth, Co-Founder and Chief Executive Officer, Duetto

• Stephen Fitzgerald, Vice President, Global OTA and Wholesale, Hilton Worldwide

• Cindy Estis Green, Co-Founder and Chief Executive Officer, Kalibri Labs

• Melissa Maher, Senior Vice President, Global Partner Group, Expedia

• Alexander Pyhan, Vice President, Global Distribution, Marriott International

Lawrence Cohen, Marks Paneth, far left, moderates a panel on the social centers of hotels and how they have evolved. Panelists from left to right: James L. Gersten, BR Guest Hospitality; and Niki Leondakis, Commune Hotels + Resorts.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

MONDAY, JUNE 6

WORKSHOP XIV – FinanceTHE HOTTEST PROPERTY TRANSACTIONS IN THE HOSPITALITY MARKETPLACEFourth Floor, Wilder Room

What’s hot? What’s not? Listen to our pan-elists discuss the latest trends in property transactions in the market. Gain insight into what to look for now and where future opportunities lie.

MODERATOR:

Keith M. PattizPartner, McDermott Will & Emery

PANELISTS:

• Peter Dannemiller, Managing Director, Hodges Ward Elliott

• Jeffrey Davis, International Managing Director, JLL

• Teague Hunter, President, Hunter Hotel Advisors

• Kevin E. Mallory, Senior Managing Director and Global Head, CBRE Hotels

• Lawrence B. Wolfe, Senior Managing Director, Eastdil Secured

WORKSHOP XV – IndustryRESORTS REDEFINEDSixth Floor, Majestic Room

It’s not your grandpa’s resort anymore. Listen to experts discuss how resort invest-ment and management are evolving. Learn about new concepts in resort development and management, based upon changingcustomer demands, facility structures, and new opportunities in tourism.

MODERATOR:

Isabelle ClaverDirector, Hospitality and Leisure, PwC

PANELISTS:

• Bart Carnahan, Executive Vice President of Global Development, Four Seasons Hotels and Resorts

• John L. Cohlan, Chief Executive Officer, Margaritaville Holdings

• Michael Fuerstman, Founder and Chief Executive Officer, Montage Hotels & Resorts

• Stephen R. Ledoux, Partner and Co-Chair Hotel Group, Davis Wright Tremaine

• Bruce D. Wardinski, Chairman and Chief Executive Officer, Playa Hotels & Resorts

5:00 p.m. to 6:30 p.m.GRAND NETWORKING RECEPTIONEighth Floor, Broadway Lounge

Enjoy your favorite beverages and savor tasty selections, specially prepared by Marriott culinarians. It’s the perfect way to begin your evening as you mingle with friends and colleagues, and take in the lights and the excitement of Times Square.

Patrick Mayok, Hotel News Now, far left, moderates a 2015 NYU Conference panel on what defines a true independent hotel in today’s marketplace. From left to right: Vijay Dandapani, Apple Core Hotels; Karen E. Rubin, Starwood Hotels & Resorts Worldwide; Jay Stein, Hampshire Hotels Management; Michael Tall, Charlestowne Hotels; and Lindsey Ueberroth, Preferred Hotels & Resorts.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

7:15 a.m. to 8:15 a.m.NETWORK AND NOSHFifth Floor, Westside Ballroom

Enjoy a tasty breakfast with colleagues, as you prepare for an enlightening day that will focus on changes and trends in the industry.

8:30 a.m. to 11:05 a.m.GENERAL SESSIONS

8:30 a.m. to 9:10 a.m.THE LEADERS’ FORUMSixth Floor, Broadway Ballroom

A distinguished panel of renowned industry leaders discuss pertinent topics from diverse perspectives. Hear from those in the topechelons of the hospitality industry and acquire a deeper understanding of the issues and the opportunities at hand.

MODERATOR:

Scott D. BermanPrincipal and Industry Leader, Hospitality and Leisure, PwC

PANELISTS:

Geoff A. BallottiPresident and Chief Executive Officer, Wyndham Hotel Group

Kevin J. JacobsExecutive Vice President and Chief Financial Officer, Hilton Worldwide

David KongPresident and Chief Executive Officer, Best Western Hotels & Resorts

Elie MaaloufChief Executive Officer, The Americas, InterContinental Hotels Group (IHG)

J. Allen SmithPresident and Chief Executive Officer, Four Seasons Hotels and Resorts

9:15 a.m. to 9:45 a.m.THE LEADERS CHECK IN – PART TWOSixth Floor, Broadway Ballroom

Building on the themes discussed in past sessions, C-suite executives reflect upon the state of the industry and deliberate about the most critical issues affecting this continuously evolving and expanding business sector.

MODERATOR:

Adam F. WeissenbergGlobal Travel, Hospitality, and Leisure Leader, Deloitte

PANELISTS:

Christophe AlauxChief Executive Officer, North America, Central America, and the Caribbean (NCAC), AccorHotels

Bill J. FergusonChairman and Chief Executive Officer, Ferguson Partners

Mark S. HoplamazianPresident and Chief Executive Officer, Hyatt Hotels Corporation

Javier RosenbergChief Operating Officer, Americas, Carlson Rezidor Hotel Group

Simon M. TurnerPresident, Global Development, Starwood Hotels & Resorts Worldwide

9:50 a.m. to 10:25 a.m.A VIEW FROM THE OWNER’S SEATSixth Floor, Broadway Ballroom

They have been buying, selling, operating, and branding—and after carefully reviewing the economics, each one of these panelists has a unique perspective to share on where the industry is now and where it is heading. Gain an insider’s view from some of the prin-cipal hospitality, finance, and hotel real estate executives in the country.

MODERATOR:

Rick RossCo-Chair, Global Hotels and Leisure, Dentons

PANELISTS:

Mark W. BruggerPresident and Chief Executive Officer, DiamondRock Hospitality Company

Daniel P. HansenPresident and Chief Executive Officer, Summit Hotel Properties

Kirk KinsellPresident and Chief Executive Officer, Loews Hotels & Resorts

Tyler MorseChief Executive Officer, Founder, and Managing Partner, MCR Development

Suril ShahManaging Director, Starwood Capital Group

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

10:30 a.m. to 11:05 a.m.ANATOMY OF A TRANSACTIONSixth Floor, Broadway Ballroom

Two of the country’s leading real estate deal-makers will provide insights into several of the most compelling lodging transactions to take place during the last year. This will include underwriting issues, structuring chal-lenges and implementation of repositioning strategies, and value enhancement initiatives.

MODERATOR:

Arthur AdlerManaging Director and Chief Executive Officer – Americas, JLL

PANELISTS:

Tyler HenritzeSenior Managing Director and Co-Head of US Acquisitions, Blackstone

William RahmSenior Managing Director, Centerbridge Partners

WORKSHOP XVI –FinanceTHE LENDERS’ FORUM: THE DEBT/TRANSACTION MARKETPLACE “NOW AND BEYOND”Fifth Floor, Westside Salon 1

The availability of financing during this cycle has played a major role in the transactionvolume and values. Will it continueto do so and on what terms? How willthe environment look this time around when the music stops? A focused discussionregarding the current state of, and theoutlook for, the debt market, as well as the experts’ thoughts on how the next downturn might differ (if at all) from prior ones.

MODERATOR:

Gary E. AxelrodPartner and Co-Chair, Hospitality, Gaming, and Leisure Industry Group, Latham & Watkins

PANELISTS:

• Aditya Bhoopathy, Principal and Executive Vice President, Investment Management, Noble Investment Group

• Edward Hoganson, Chief Financial Officer, AR-Global Hospitality Trust

• David Kieske, Managing Director, Eastdil Secured

• Mark Lanspa, Executive Vice President, Wells Fargo Bank

• Rene J. Theriault, Managing Director, Goldman, Sachs & Co.

From left to right: Craig Karmin, The Wall Street Journal, moderates The Titans of Real Estate panel with Jonathan D. Gray, Blackstone; and Barry Sternlicht, Starwood Capital Group.

11:45 a.m. to 12:45 p.m.CONCURRENT WORKSHOPS

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

11:10 a.m. to 11:40 a.m.COFFEE BREAK IN THE EXPO CAFÉFifth Floor, Westside Ballroom

Meet Conference patrons and sponsors, as well as other industry leaders. Network as you reenergize with refreshments in the Patron and Sponsor Expo Café.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

WORKSHOP XVII – IndustryTHE NEW HOSPITALITY LIFESTYLE: EMERGING BRANDSSixth Floor, Majestic Room

After decades of copycat experience, well-established and upstart hotel companies alike are on an unprecedented streak ofrolling out new brands—whether recently introduced collections or newly created port-folios of existing hotels. While each offers adistinctive experience, will consumers flock to all of these new brands? The innovators discuss what’s behind this surge in emerging hotel brands.

MODERATOR:

John MelicharekPartner, BakerHostetler

PANELISTS:

• Carlos Becil, Executive Vice President and Chief Marketing Officer, Equinox

• Ellen Brown, Executive Vice President, Acquisitions and Development, Denihan Investments

• Evan Frank, Co-Founder, onefinestay

• Trevor Horwell, Chief Executive, Nobu Hospitality Group

• Mark Keiser, Chief Development Officer, SH Group – Baccarat Hotels & 1 Hotels

WORKSHOP XVIII – DesignON DECK: “NEXTGENDESIGN: DESIGNS CHANGING AT LIGHT SPEED”Fourth Floor, Odets Room

Communal dining, branded beds, LED TVs, and front desk pods were once the latest trends, but now are considered the new normal. What’s next? Designers and owners explore what is on the horizon for the next generation of great hotel design ideas and how these new designs will be influenced by guest demands and preferences.

MODERATOR:

Stacy Shoemaker RauenEditor in Chief, Hospitality Design Magazine

PANELISTS:

• Gary Dollens, Global Head, Design/Product and Brand Development, Global Operations, Hyatt Hotels Corporation

• Warren G. Feldman, Chief Executive Officer, Jonathan Nehmer + Associates

• Roger Hill, Chairman and Chief Executive Officer, The Gettys Group

• Amy Hulbert, Managing Director of Design, Best Western Hotels & Resorts

• Tim Peck, Chairman, OBMI

WORKSHOP XIX – IndustryCRYSTAL BALL FOR THE SELECT-SERVICE SEGMENT: THE FUTURE OF AN INDUSTRY DARLINGFourth Floor, O’Neill Room

The select service model offers efficient oper-ating margins to owners and strong returns for investors. What will this segment look like in 10 years as the US economy changes, the potential for a downturn increases, and guests request different options? Explore the supply outlook for this segment, and how developers and operators can continue to reap strong returns.

MODERATOR:

Stephanie RiccaEditor in Chief, Hotel News Now

PANELISTS:

• James Carroll, President and Chief Executive Officer, Crestline Hotels & Resorts

• Chris Drazba, Vice President, Core Brands Development, InterContinental Hotels Group (IHG)

• Kate B. Henriksen, Senior Vice President of Investment and Portfolio Analysis, RLJ Lodging Trust

• Ron Pohl, Senior Vice President, Brand Management, Best Western Hotels & Resorts

• Mark D. Shalala, Vice President of Development – Cambria Hotels & Suites, Choice Hotels International

NYUSPS Tisch Center for Hospitality and Tourism Alumni at a Past Presidents Reception.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

WORKSHOP XX – OperationsHIGH YIELD RETURNS – LEVERAGING CREATIVE BUSINESS PLANS TO ACHIEVE HIGH YIELD RETURNS AT THIS POINT IN THE CYCLEFifth Floor, Juilliard Room

Great returns are still achievable if you have developed and implemented a unique, yet solid business plan. Opportunities to acquire “distressed” assets via a renovation and management change are significantly more limited. Join the experts who will discuss recent hospitality acquisitions that have achieved high-yield returns using non-traditional approaches.

MODERATOR:

Michelle S. RussoFounder and Chief Executive Officer, Hotel Asset Value Enhancement (hotelAVE)

PANELISTS:

• Erik Browning, Vice President of Business Consulting, The Rainmaker Group

• Fern I. Kanter, Managing Director and Executive Vice President, CHMWarnick

• Cynthia Potter, Vice President of Real Estate Investment Management, Starwood Hotels & Resorts Worldwide

• Jeremy Welter, Executive Vice President of Asset Management, Ashford

• Andrew Wharton, Managing Director, REH Capital Partners

WORKSHOP XXI – DevelopmentHUMAN CAPITAL: DRIVING CORPORATE CULTURE AND SUCCESSFUL RECRUITING STRATEGIES IN AN EVER-CHANGING ENVIRONMENT FOR TALENTSixth Floor, Shubert Room

Hiring is a leading indicator on wheremarkets are heading. Although a “return to the norm” may be on the horizon, the demand for human capital will remain above the norm. This session will address how brands and owners are driving culture to recruit successfully in an extremelycompetitive marketplace.

MODERATOR:

Lawrence J. KremaManaging Director, Ferguson Partners

PANELISTS:

• Ann M. Fastiggi, Head, Hospitality and Leisure Practice, RSR Partners

• Keith Kefgen, Chief Executive Officer and Managing Director, AETHOS Consulting Group

• David A. Rodriguez, Executive Vice President and Global Chief Human Resources Officer, Marriott International

• Matt Schuyler, Chief Human Resources Officer, Hilton Worldwide

• Simon Sinek, Author and Optimist, Start With Why

WORKSHOP XXII – NYU Alumni PanelSOCIAL MEDIA, EMOTIONAL CONNECTIONS, AND THE BOTTOMLINEFourth Floor, Wilder Room

To the consumer, the offline and online worlds are one, forcing hoteliers to make that critical emotional connection with guests prior to a final purchase decision. A panel of NYU School of Professional Studies Tisch Center alumni will explore how smart hote-liers are finding ways to excite and delight customers online, which ultimately will lead to happier guests paying premium prices.

MODERATOR:

Glenn HaussmanEditor at Large, Hotel Management

PANELISTS:

• Ronald Castro, Strategic Marketing and E-commerce Consultant; Adjunct Faculty Member, NYU School of Professional Studies Tisch Center for Hospitality and Tourism

• Jaimie Choi, Manager, Hotel Development Planning, Trump Hotels

WORKSHOP XXIII – LegalTHE LEGAL ISSUES EVOLVING OUT OF THIS ERA OF CONSOLIDATIONFifth Floor, Broadhurst Room

A team of experts will discuss the complexities of acquisitions and new partnerships, as well as the pluses and minuses for the industry. Is this ongoing consolidation beneficial for the con-sumer and the continued growth of the chain?

MODERATOR:

Rick S. KirkbridePartner, Paul Hastings

PANELISTS:

• Terence Badour, Executive Vice President, Law and Administration, FRHI Hotels & Resorts

• Peter Benudiz, Partner, Sidley Austin

• Larry Kwon, Managing Director, Moelis & Company

• Christopher A. Nowak, Executive Vice President and General Counsel, Wyndham Hotel Group

NYUSPS Tisch Center for Hospitality and Tourism Alumni at Past Presidents Reception.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

1:00 p.m. to 3:30 p.m.GENERAL SESSIONS

1:00 p.m. to 1:55 p.m.LUNCHEONSixth Floor, Broadway Ballroom

CONFERENCE PATRON AND SPONSOR NYU SCHOOL OF PROFESSIONAL STUDIES TISCH CENTER FOR HOSPITALITY AND TOURISM SCHOLARSHIP AWARDS

Each year, generous contributions for con-ference sponsorship support graduate and undergraduate Tisch Center scholars and pro-grams. Meet some of our best and brightest.

PRESENTER:

Kristin Lamoureux, PhDAssociate Dean and Clinical Associate Professor, NYU School of Professional Studies Tisch Center for Hospitality and Tourism

2:00 p.m. to 2:25 p.m.BEYOND THE BOARDROOMSixth Floor, Broadway Ballroom

During this tumultuous election season, Jonathan Tisch will interview a top political insider. Join us for a fascinating discussion, and gain insight into the upcoming Presidential election and how it can potentially affect the economy and this industry.

INTERVIEW GUEST:

Jonathan KarlChief White House Correspondent, ABC News

INTERVIEW MODERATOR:

Jonathan M. TischCo-Chairman of the Board and Office of the President, Loews Corporation; Chairman, Loews Hotels & Resorts

2:30 p.m. to 3:30 p.m.THE IREFAC C. EVERETT JOHNSON AWARDSixth Floor, Broadway Ballroom

Each year, IREFAC 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:

Neil H. ShahPresident and Chief Operating Officer, Hersha Hospitality Trust

PRESENTER:

Laurence GellerChairman, Geller Investment Co.

FINANCIALLY SPEAKING: IREFAC INSIDERSSixth Floor, Broadway Ballroom

The latest (and greatest) from IREFAC.

The Industry Real Estate Finance Advisory Council is a highly respected organization, operating under the American Hotel & Lodging Association umbrella. It meets twice a year to discuss the latest deals, industry occurrences, and trends. In addition, it provides the dollars that enable deals to go forward. This session affords attendees an inside look at an IREFAC meeting.

CO-MODERATORS:

Laurence GellerChairman, Geller Investment Co.

Neil H. ShahPresident and Chief Operating Officer, Hersha Hospitality Trust

PANELISTS:

Jackson HsiehVice Chairman, Investment Banking Division, Morgan Stanley

Christopher J. JordanExecutive Vice President, Wells Fargo Commercial Real Estate

Michael G. MedzigianManaging Partner, Watermark Capital Partners

Michael MurphyHead of Lodging and Leisure Capital, First Fidelity Companies

Stephen D. PlavinChief Executive Officer, Blackstone Mortgage Trust

Jonathan M. Tisch, Conference chair, left, with 2015 Beyond the Boardroom interview guest, J.W. Marriott, Jr., Marriott International.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

3:45 p.m. to 4:45 p.m.CONCURRENT WORKSHOPS

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

WORKSHOP XXIV – IndustryCUBA: GLIMPSES OF POSSIBILITY FOR THE FORBIDDEN ISLANDFifth Floor, Broadhurst Room

This session will explore the current state of play for lodging and tourism hoteldevelopment in Cuba. As relations thaw, we’ll delve into what 50 years as a political pawn have meant for this island. Perceptions and realities of the opportunities and challenges that lie ahead will be discussed by a variety of experts.

MODERATOR:

Mark A. LuntPrincipal, EY

PANELISTS:

• Collin Laverty, President, Cuba Educational Travel

• Nelson F. Migdal, Co-Chair, Hospitality Practice Group, Greenberg Traurig

• Alex Zozaya, Chief Executive Officer, Apple Leisure Group

WORKSHOP XXV – FinanceNAVIGATING THE COURSE: BALANCING THE INTERESTS OF BUYERS, SELLERS, LENDERS, AND BROKERSFifth Floor, Juilliard Room

Faced with a dynamic market, owners need direction. They seek guidance from experi-enced brokers who have a handle on lending criteria as well as on buyer expectation of current values.

MODERATOR:

Anne R. Lloyd-JonesSenior Managing Director, HVS

PANELISTS:

• Thomas P. McConnell, Executive Managing Director, Global Hospitality Group, Cushman & Wakefield

• Jonathan K. Morrow, Senior Vice President, Hodges Ward Elliott

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

• Daniel C. Peek, Senior Managing Director, HFF

• Robert E. Wiemer, Jr., Managing Director, The Plasencia Group

WORKSHOP XXVI – IndustryREINVENTING LUXURYFourth Floor, Wilder Room

Completing deals in the luxury segment today is no easy task. What components, style, and real estate opportunities are attracting capital? What are the hot markets for development? What are the challenges and who has overcome them?

MODERATOR:

Stefani C. O’ConnorExecutive News Editor, Hotel Business

PANELISTS:

• Richard Baker, Executive Vice President, Operations Director – Asia, Mandarin Oriental Hotel Group

• Yvonne Choi, Chief Development Officer, Cachet Hotel Group

• James M. Erlacher, Vice President of Development, AccorHotels

• Kevin Montano, Senior Vice President, EDITION Global Development, Marriott International

• Kim Richards, President, The Athens Group

Gilda Perez-Alvarado, JLL, far left, moderates a discussion on REITs and whether it is best to buy, borrow, or sell. Panelists left to right: Kapila K. Anand, KPMG; Jeffrey Dauray, RLJ Lodging Trust; Ashish R. Parikh, Hersha Hospitality Trust; and Richard A. Smith, FelCor Lodging Trust.

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CONFERENCE AGENDA AS OF JUNE 1, 2016

38TH ANNUAL NYU INTERNATIONAL HOSPITALITY INDUSTRY INVESTMENT CONFERENCE:

TUESDAY, JUNE 7

WORKSHOP XXVII – OperationsENHANCING THE CUSTOMER EXPERIENCE: THE CHANGING LANDSCAPE INCLUDING CONNECTIVITY, LOYALTY, AND CONSUMER FACING TECHNOLOGYFourth Floor, Odets Room

What is the future role of technology and what is likely to be its impact on operations and guest interaction/guest satisfaction? Can technology provide more revenue enhancement opportunities?

MODERATOR:

Guy LangfordVice Chairman, US THL Leader, Deloitte

PANELISTS:

• Brian Barr, Senior Vice President, Business Transformation, IT, and E-commerce, Trump Hotels

• Jeff Bzdawka, Senior Vice President of Global Hotel Operations, Hyatt Hotels Corporation

• Richard Flores, Vice President, Branding for Radisson, Carlson Rezidor Hotel Group

• Barry S. Goldstein, Chief Digital and Distribution Officer, Wyndham Hotel Group

• Robert McDowell, Chief Commercial Officer, Choice Hotels International

WORKSHOP XXVIII – FinanceOVERBUILDING/OVER-SUPPLYFourth Floor, O’Neill Room

Is history repeating itself? (Doesn’t theindustry ever learn?) Historically, the hotel industry lives through a series of booms and busts. We have clearly been through a boom, but how close are we to a bust…or will this time be different?

MODERATOR:

Lawrence CohenPartner and Hospitality Group Leader, Marks Paneth

PANELISTS:

• Cheryl Boyer, Chief Operating Officer, Fulcrum Hospitality

• Bill Grice, Executive Vice President, JLL

• Stephen M. Jennings, Principal and US Leader for Hospitality, Deloitte

• Jess Petitt, Vice President, Global Business Analytics, Hilton Worldwide

• Yuval Tal, Partner and Office Head, Hong Kong and Beijing, Proskauer

WORKSHOP XXIX – IndustryTHE BOUTIQUE BONANZA: DEFINED AS A HIGHLY SPECIALIZED, ELITE NICHE. INDEPENDENT OR AFFILIATED, THEY ARE CURRYING FAVOR WITH CHANGING TRAVELER TASTESSixth Floor, Shubert Room

Explore the future of lifestyle hotels and boutiques: How much room is there for these types of experiences? Can smaller brands differentiate themselves in the marketplace? Can owners (and their lenders) continue to gain traction with boutiques versus main-stream brands?

MODERATOR:

Phillip GordonPartner, Perkins Coie

PANELISTS:

• Mike DeFrino, Chief Executive Officer, Kimpton Hotels & Restaurants

• Niki Leondakis, Chief Executive Officer, Commune Hotels + Resorts

• Joseph D. Long, Managing Partner, KHP Capital Partners

• Jay H. Shah, Chief Executive Officer, Hersha Hospitality Trust

• Jay Stein, Chief Executive Officer, DREAM Hotel Group

Discussing hotel loyalty programs at the 2015 Conference, from left to right: Jamie Russo, Choice Hotels International; and Ellen T. Berge, Venable.

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