PRESS RELEASE 31 May 2017
Hospitality Asset Managers Association MEA (“HAMA MEA”) Hosts 2017 Global Summit in Dubai
ATLANTA, Ga. — Officials of the Hospitality Asset Managers Association (“HAMA”) today announced the successful conclusion of its third-annual 2017 Global Summit hosted in Dubai at the Jumeirah Emirates Tower. The presidents of the U.S., MEA, European and Asia Pacific chapters all were in attendance and met with Mauricio Ventura, the Costa Rican minister of tourism.
“With hotel development remaining very active throughout the world, owners who wish to maximize their investments increasingly are realizing that asset management is a pivotal piece of the profitability puzzle,” said Melissa Silvers, president, HAMA U.S.A. chapter. “HAMA has grown into a worldwide platform for asset managers to share best practices and educate themselves surrounded by their peers. Our Certified Hotel Asset Management (CHAM) designation has become a highly sought after recognition that allows owners to find and retain the best asset managers in the business. This gathering allowed us to create a roadmap for our organization over the coming years, and we are confident that as we grow, the practice of asset management will grow in prominence in tandem with us.”
The next meeting will take place in the Asian Pacific during Spring 2018, and the 2019 summit is scheduled to take place in China.
HAMA 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.