Sonnenblick-Goldman wins ALIS Deal of the Year.At the 2006 Americas Lodging Investment Summit (ALIS ALIS Alberta Learning Information Service ALIS Alternate Lighting of Surface Method (Fujitsu and Hitachi plasma displays) ALIS Access Lines in Service (telecommunications) ) this month in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , two of the three finalists in the Single Asset Transaction category of a field of ten submissions were transactions advised by Sonnenblick-Goldman's Lodging and Leisure Group. The $440 million sale of the landmark Essex House Essex House can refer to:
1. was the largest single asset hotel sale in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in 2005 and won the highly prized Deal of the Year Award. Along with Sonnenblick-Goldman, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. was the co-advisor on the transaction. The second finalist nomination advised by Sonnenblick-Goldman was the Palmer House Hilton Hotel and Shops in Chicago. In this transaction, Sonnenblick-Goldman arranged a complicated $321 million acquisition and renovation loan. The Palmer House transaction was largest hotel financing in Chicago in 2005. "We are proud of ALIS' recognition of our transactions," said Mark Gordon, principal and managing director of Sonnenblick-Goldman. "The challenging, yet benchmarking Essex House sale to the Dubai Investment Agency and the complex Palmer House financing are indicative of SonnenblickGoldman's international marketing and financing capabilities as the leading advisor to the hotel industry." The annual ALIS Awards recognize recipients for their outstanding performance in four different categories: Jack A. Shaffer Financial Advisor, Merger & Acquisition, Single Asset Transaction and Development of the Year. The event is co-hosted by the American Hotel & Lodging Association (AH&LA) and Burba Hotel Network (BHN BHN, n.pr See number, Brinell hardness and test, Brinell hardness. ). |
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