Ruby Huang |
BOSTON, MA, July 14, 2014—Officials of the Hospitality Asset
Managers Association (“HAMA”) today announced the addition of two affiliate
organizations, HAMA Europe and HAMA MEA, adding more than 100 new members to
the global organization.
Founded in the
U.S. in 1992 HAMA also has affiliates in Asia Pacific and Japan.
"Global growth is critical to our mission of enhancing the
effectiveness of hospitality asset managers through education, advancement of the
profession and serving as the collective industry voice of hospitality
ownership," said Ruby Huang, president of HAMA USA.
"By adding
affiliates worldwide and supporting the continuing education of our members, we
envision an organization that is increasingly influential in advocating for
individual hotel owners as they develop and execute hospitality investment
strategies worldwide."
According
to Theodor Kubak, president HAMA Europe, hotels have become an
attractive core asset in the region due to economic turmoil and changes in
central banking policies. This
challenging investment landscape has highlighted the need for a HAMA affiliate
with strong professional development for its members.
Calling upon the expertise of Michigan State University,
HAMA Europe has supported the addition of three hospitality-focused asset
management courses offered as part of the MBA program in tourism and
hospitality management at MODUL University, Austria's leading international
private university.
Headquartered in Dubai, HAMA MEA hopes
to align ownership interests in the rapidly expanding hospitality market.
Theodor Kubak |
"We've seen the benefits that arise from sharing market insights
and innovative work trends in other regions," said Rene Bell, one
of the MEA affiliate's founding members.
"Having the collective resources and knowledge base of hundreds of
experienced professionals will surely prove to be a substantial advantage to a
young and growing market such as ours."
HAMA was established in 1992 in the U.S. and has affiliates
in Japan, Singapore (Asia/Pacific), England (Europe) and Dubai (Middle
East/Africa). Its members are involved
in asset management, acquisition, financing and disposition of hotels and
resorts and are directly responsible for making decisions concerning capital
investments, renovations, asset repositioning, operational policies and
management selection.
Its U.S. members
represent more than 3,500 hotels and resorts across every major brand,
accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual
revenue and $3 billion in capital expenditures.
For a complete copy
of the company’s news release, please contact:
Chris Daly
media
(703) 435-6293
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