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Published on : Wednesday, November 6, 2013
The Hospitality Asset Managers Association (HAMA) has made a gift of $50,000 to the American Hotel & Lodging Educational Foundation to create a named scholarship fund, which will support the educational development of students pursuing an undergraduate degree in hospitality management. The gift will benefit AH&LEF’s Annual Scholarship Program.
As the Foundation’s largest scholarship program, the Annual Scholarship Grant Program is co-administered with 85 universities and colleges nationwide that are affiliated with AH&LEF. Each year, the participating schools are allocated a scholarship grant in which they select the individual students on their campuses to be recipients of the scholarship monies based on a set of minimum eligibility criteria designated by AH&LEF.
“HAMA strives to provide education for our members as well as students interested in the hospitality industry. Therefore, we are thrilled to support American Hotel & Lodging Education Foundation with our gift,” said Michael Doyle, HAMA president.
This year 237 students received $318,500 in scholarships through the Annual Scholarship Grant Program, which is funded from proceeds of the Americas Lodging Investment Summit (ALIS), the Foundation’s Annual Giving Campaign, previous AH&LEF capital campaigns, annual special events, as well as a dozen named scholarship funds.
“We applaud this commitment to the lodging industry and look forward to our partnership with the Hospitality Asset Managers Association to create a better future for the lodging industry,” said AH&LEF President/COO Joori Jeon. “These scholarships will have a significant impact for many future hoteliers.”
The Hospitality Asset Managers Association (HAMA) is the pre-eminent organization of professionals responsible for proactively increasing asset values on behalf of hotel owners worldwide. The mission is the enhancement of hospitality asset managers through education, advancement of the profession, and serving as the collective industry voice of hospitality ownership. HAMA is a networking organization of approximately 200 professionals representing an estimated 3,200 hotels with over 760,000 rooms. Members are involved in asset management, acquisition, financing and disposition of hotels and resorts, and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and franchise selections. HAMA’s mission is to provide members with year-round forums, industry communications and networking to fulfill the purpose of the organization. Our strong global network of hospitality professionals provides members with unparalleled access to key industry leaders and decision makers. HAMA promotes ethical standards of conduct and mutual respect among its members and those in the hospitality industry.
Tags: American Hotel & Lodging Educational Foundation, Educational Foundation The Hospitality Asset Managers Association, Hospitality Asset Managers Association, Hospitality Asset Managers Association Donates