Burba Hotel Network (BHN) is excited to announce that its hotel investment event portfolio has been acquired by Northstar Travel Group. This acquisition was completed in collaboration with BHN’s partners, including the American Hotel & Lodging Association (AHLA). BHN produces 10 hospitality investment events and conferences around the world, including Los Angeles, Miami, Hong Kong, Singapore, London and Mumbai. This partnership makes events the largest segment of Northstar’s multi-platform solutions and adds a new level of expertise and resources to BHN’s growing event portfolio.
Jim Burba commented, “Finding the right strategic and cultural partner that offered new capabilities over a range of areas – event management, digital media and database marketing, to name a few – was very important as we continue to scale our business and offer greater educational and marketing offerings to the global hotel investment community. I have known the leadership team of Northstar for many years including Tom Kemp, Alicia Evanko and Bob Sullivan and we are very excited to be working with Northstar.”
Jim Burba, founder and president, and Bob Hayes, VP of Burba Hotel Network, 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.
BHN’s global portfolio of events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. As part of this acquisition, Northstar and AHLA have entered into a long-term partnership agreement to co-produce the ALIS Group of Events in the US.
“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.”
Houlihan Lokey represented BHN and its partners in the transaction. Paul Hastings LLP provided legal advice to BHN, Eckert Seamans Cherin & Mellott LLC provided legal advice to AHLA. Macquarie Capital provided financing for Northstar, and Jones Day served as legal advisor to Northstar.
About Burba Hotel Network
BHN is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With three decades of experience, over 140 events completed to-date, and nearly 100,000 international delegates, BHN conferences have become “must attend” events for industry leaders who come together to network, conduct business, and to learn about the latest trends. BHN events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website at www.burba.com is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.
About the American Hotel & Lodging Association
Serving the hospitality industry for more than a century, the American Hotel & Lodging Association (AHLA) is the largest national association solely representing all segments of the 8 million jobs the U.S. lodging industry supports, including hotel owners, REITs, chains, franchisees, management companies, independent properties, bed and breakfasts, state hotel associations, and industry suppliers. Headquartered in Washington, D.C., AHLA focuses on strategic advocacy, communications support, and educational resources for an industry that advances long-term career opportunities for employees, invests in local communities across the country and hosts more than one billion guests’ stays in American hotels every year. AHLA proudly represents a dynamic hotel industry of more than 54,000 properties that supports $1.1 trillion in U.S. sales and generates nearly $170 billion in taxes to local, state and federal governments. Learn more at www.ahla.com.
About Northstar Travel Group
Northstar is the owner of well-known brands including Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, and Web in Travel. The company produces more than 60 face-to-face events in 13 countries in retail travel, hospitality, corporate travel, travel technology, and the meetings industry. In addition, Northstar owns Phocuswright, the leading research, business intelligence, and event producer serving the fastest growing segment of the travel industry, online travel distribution. Northstar is also the majority shareholder in Inntopia, the leading SaaS e-commerce software, CRM database marketing and predictive analytics business serving the mountain destination, activities, and specialty destination travel markets.
Based in Secaucus, NJ, the company also has offices in New York, NY; Denver, CO; Los Angeles, CA; Winston-Salem, NC; Stowe, VT; Glen Ellyn, IL, and global offices in Singapore, Beijing, and Shanghai.
Northstar Travel Group is owned by funds managed by EagleTree Capital.
About EagleTree Capital
EagleTree Capital (formerly Wasserstein Partners) is a mid-market private equity and investment company focused on the media and communications, consumer products and water and industrial sectors. The firm manages capital on behalf of institutional and individual investors and is currently investing EagleTree Partners IV. EagleTree Capital is located in New York. For more information, visit www.eagletree.com.