When 02/10/2015
7:00 AM – 9:00 AM
Location
Luxe Summit Hotel Bel Air
11461 Sunset Blvd.
Los Angeles, CA. 90049
Registration
Non-Member – $75.00 (USD)
Students – $25.00 (USD)
With valid student ID
$10.00 – Onsite Fee
Low Hanging Fruit… Is the Southern California Market Ripe for Hotel Development?
Southern California, especially Los Angeles County, is one of the largest Hospitality
markets in the United States. A revitalized Downtown Los Angeles, with one of the
nation’s largest international airports, and a diverse economy of business,
entertainment, international trade, media, fashion, science, technology and education,
has contributed to a strong demand for lodging. Experts look to attract as many as 4,000
additional hotel rooms over the next several years.
Our distinguished panel will share their thoughts regarding recent trends and strategies
for on-going and future hotel development.
- Moderator: Tom S. Ito, AIA, LEED AP, Principal: Gensler
Featured Speakers
- Bruce Baltin, Senior VP:
KPF
- Sonnet Hui, Executive Project Director:
Hazens Real Estate Group
- Darrell Long, Design Director, Partner:
HBA
- Bob Sonnenblick, Principal:
Sonnenblick Development LLC
- Donald Wen, Director:
North America Development Starwood Hotels and Resorts
Download Flyer
Sonnenblick Development principal Bob Sonnenblick
November 14, 2014
Bob Sonnenblick panelist at Hotel Summit on November 11th, 2014 in Los Angeles
Hotel Summit on Tuesday November 11th 2014
Sonnenblick Development principal Bob Sonnenblick, a panelist, says LA just finished its best 12 months ever in total volume of hotel bookings and tourism, and supply is under control. In general, the coasts are very strong but the middle of the country is still fairly flat. He’s 100% concentrated on new development, but his biggest problem is that there is no land left in LA. (It’s why Katy Perry is always Walkin’ on Air.)
Our moderator, Arent Fox’s Rich Brand, asked panelists about hotel chains launching new brands and categories. Brian says the demographic he’s pursuing doesn’t value a big flag, and he notes independent hotels weathered the downturn along with their bigger cousins. Maki says loyalty points matter to Baby Boomers and Gen X, but a large portion of Millennials are brand-agnostic.
Bob says there are certain locations where you might be better off without a big brand if there’s an external room generator you can use instead (think beaches or convention centers). In addition, construction lenders now are more open to projects without a brand.
Rich says he’s seeing a lot of deals for limited and select-service hotels, and fewer full-service ones being built. Bob says the former have a higher profit margin because you don’t have a big spa, room service or gobs of meeting space. “It’s a rooms-only box.” Brian says the debt and equity markets love limited service because they view it as less risky. For his San Francisco project, he cobbled together EB-5 financing, historic and New Market tax credits, and a low-leverage senior construction loan.
Read full article at Bisnow
Los Angeles-based hotel developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC has been chosen to speak at the upcoming CHICOS (Caribbean) Hotel conference at The Hard Rock Hotel in Punta Cana, Dominican Republic on November 14th, 2014. The panel topic will be “Hotel Capital in The Caribbean”.
11:15 A.M. TO 12:15 P.M. – GENERAL SESSION: CAPITAL AND THE NEW NORMAL: Panel of capital providers and advisers discuss investments in the Caribbean and what it takes to get a deal done. Who is financing projects in the Caribbean and on what basis? While it appears that confidence in the region
amongst financiers is improving this does not appear to be translating into readily available capital. Funding has been scarce for so long that it appears as if the landscape may have changed permanently. Does this environment represent the “new normal”? If so what does the new normal look like? How are
deals currently being structured? What are the key terms and conditions? Who are we dealing with and how sustainable are their interest in the region? The ability to raise capital is going to be absolutely critical if, as appears to be the case, the region is over the worst of the economic cr isis and we can start
to look forward to the future with cautious optimism. Help us resolve this crucial issue by participating in an interactive discussion with our panel of innovative and imaginative financiers bringing a fresh approach to a difficult and complex problem.
Moderator: Gary Brough, Managing Director- KPMG
Panelists:
Nicholas Hecker, Senior Principal – Och Ziff Real Estate
Bill Sipple, Executive Managing Director – HVS Capital Corp
Bob Sonnenblick, Principal-Sonnenblick Development LLC
Adam Rosenberg, Global Head of Gaming & Leisure- Fortress Investment Group-Credit Funds
Don’t miss hotel guru Bob Sonnenblick at LA Hotel Boom: A Race to the Top
Los Angeles
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| Los Angeles 11.07.2014 |
| LA HOTEL BOOM! A RACE TO THE TOP |
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Jay Newman
-Athens Group-
Clare de Briere
-The Ratkovich Company-
Bob Sonnenblick
-Sonnenblick Development-
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— Fri Nov 07, 2014. Millennium Biltmore Hotel Los Angeles —  64 |
Jay Newman
COO
Athens Group
Clare de Briere
COO
The Ratkovich Company
Bob Sonnenblick
Principal
Sonnenblick
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Continental Breakfast & Networking
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All-Star Panelists
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10:30-11:00 AM
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Post-Panel Networking
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Please join Bisnow for a great morning of top speakers and networking with members of the Los Angeles hotel investment community. We’ll cover how deals are getting done and what the outlook is for financing and development in the coming year.
Millennium Biltmore Hotel Los Angeles
(Gold Ballroom, Lobby Level)
506 South Grand Avenue
Los Angeles, CA, 90071
Parking: $10 self, $22 valet
MORE INFORMATION!
Bob Sonnenblick will be moderating at the 4th Global Hospitality Leaders Summit
For more information, please contact www.iGlobalforum.com or call 212-752-7760
KEY TOPICS THAT WILL BE COVERED:
- Where investment opportunities lie in hospitality franchise development
- How to profit from opportunities in the boutique and lifestyle sector
- How big brands and small operators can appeal to millennial travelers
- The potential of crowdfunding as a new source of hotel financing
- How to take advantage of EB-5 financing in your hotel developments
NETWORK WITH LEADING:
- Institutional and Private Equity Investors
- Hotel REITs and Investment Companies
- Hotel/Real Estate Lenders and Financiers
- Hotel Owners and Operators
- Hotel/Real Estate Investment Bankers
- Hotel Developers
- Hotel Franchisors & Franchisees
- Hospitality Asset & Property Managers
NFDA Western Region Conference
Oct. 1, 2014
LA-based real estate developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, has been chosen to lead the Government Tenant Development Panel at the upcoming NFDA Government Real Estate Conference in Sacramento on October 1, 2014.
The Conference, the first of its kind on the West Coast, focuses on all aspects of Government-tenanted real estate projects from development, financing, management, procurement, sales, and leasing.
Please join regional leaders for the first Western Regional NFOA (National Federal Development Association | www.ndfa.us) conference on October 1, 2014 at the Sutter Club, Sacramento.
We believe this to be the first conference of its kind In the region, that is, all matters relating to government -leased and occupied real estate.
You may register at:http://nfda.ustconferenceinfo.html#westconference2014
You are also invited to sponsor the event as we believe your endorsement of the conference will prove to be beneficial t o your organizational as well as the participants attending the conference due to the unique nature of this particular conference. Sponsorships are $500.00. Your logo will appear in all our promotional materials with a link to your website, invitations & announcements on the NFDA website event page, banner at the event, program at the event as well as in the audio visual displays.
Should you have any questions, please call Greg Margetich at 916.208.2500 or email at events@themargetichgtoup.com
- When: October 1, 2014 from 11:30 am to 3:00pm
- Where: Sutter Club, 1220 9th St, Sacramento, CA 95814
- Owner/Developer panel
- Financing of Government-leased properties
- Investment Trends, Sales & Cap Rates
- State of Affairs at GSA & CA DGS
- Solicitations, Procurements, Holdovers
- Energy Efficiency Requirements/Retrofitting
