NEW YORK— Both private and public companies will be able to take advantage of the industrys upswing, according to a panel of executives representing both types of organizations held here at the NYU Hospitality Industry Investment Conference. Titled “Strategic Advantage Or Not: Public vs. Private,” the educational session noted that while often investors prefer either public or private companies for their investments, both have advantages in this industry climate. Panelists included: Michael Barnello, COO, LaSalle Hotel Properties; Clark Hanrattie,, senior vp/CIO, HEI Hospitality, LLC; Jeffrey Carter, independent consultant; Timothy Haskin, evp/managing director, Tishman Hotel Corp.; and David Brooks, evp, Ashford Hospitality Trust. According to panelists, those benefits offered by public companies included easy accessibility to capital and certainty of execution of transactions due to available credit lines. Benefits of private companies were summed up as: being able to work on deals “outside their stated strategy” and control of their portfolio in terms of strategic buying/selling on a whim.
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