Northstar Travel Group acquires hotel investment event portfolio from Burba Hotel Network
Included in the acquisition is the Americas Lodging Investment Summit which occurs each January in Los Angeles
SECAUCUS, NJ — May 8, 2017 — Northstar Travel Group announced it has acquired the hotel investment event portfolio from Burba Hotel Network, the American Hotel & Lodging Association, and their other partners. BHN produces 10 hospitality investment events and conferences around the world, including in Los Angeles, Miami, Hong Kong, Singapore, London and Mumbai.
Included in the acquisition is the prestigious Americas Lodging Investment Summit, or ALIS, the largest and most important hotel investment conference in the world. Each January in Los Angeles, ALIS attracts the top hotel industry CEOs and leaders including investors, owners, developers, lenders, hotel management companies, and the professional advisory community. ALIS is put on in partnership with the AHLA, the leading national hotel industry association. Northstar and the AHLA have entered into a long-term partnership agreement to co-produce the ALIS group of events in the US.
Jim Burba, founder and president, and Bob Hayes, VP of BHN, and their entire team will continue to run the BHN events working with Northstar Travel Group. Northstar, the leading information, event, marketing solutions and technology provider to the global travel and meetings industry will be able to leverage its databases, relationships, media properties and domain expertise to help grow the BHN event portfolio.
“We are thrilled to add the Burba hospitality events to our growing portfolio of global events serving the travel and hospitality industries,” said Tom Kemp, chairman and CEO of Northstar Travel Group. “We have known Jim Burba and Bob Hayes for many years and we believe that the combination of BHN and Northstar is a great strategic and cultural fit with our company. BHN has a substantial event portfolio and this will be the largest acquisition in Northstar’s history. With the addition of BHN, events now become the largest segment of Northstar’s multi-platform solutions serving the global travel industry.”
“We have been fortunate to work with Jim Burba and BHN to build one of the most prestigious conferences for our industry and I couldn’t be more excited for this new, strategic partnership with Northstar that we believe will bring great value and synergies to both parties,” said Katherine Lugar, president and CEO of the AHLA. “I am confident that Northstar will build on the momentum we’ve created and take the ALIS group of events to the next level.”
In addition to the ALIS group of events, BHN produces HICAP, the Hotel Investment Conference Asia Pacific in Hong Kong; HICAP Update in Singapore; AOCAP, the Alternative Ownership Conference – Asia Pacific in Singapore. HICAP is the largest hotel investment conference in Asia and one of the longest continuously running hotel investment conferences in the world. Robert Hecker, Managing Director of Horwath HTL, based in Singapore, along with Stiles Capital Events, a co-host of HICAP, said, “We are very pleased to be co-hosting with Northstar Travel Group based on their focus on the global travel industry and their established footprint in Asia with operations in Singapore, Beijing and Shanghai.”
BHN also produces CHRIS, the Caribbean Hotel and Resort Investment Summit in Miami; HOLA, the Hotel Opportunities Latin America conference in Miami; Hot.E, the Hotel Investment Conference Europe in London; and HIFI, Hotel Investment Forum India, in Mumbai.
Houlihan Lokey represented BHN and their partners in the transaction. Paul Hastings LLP provided legal advice to BHN, and Eckert Seamans Cherin & Mellott LLC provided legal advice to the AHLA. Macquarie Capital provided financing for Northstar, and Jones Day served as legal advisor to Northstar.