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Business

Proxy Specialist Tom Ball joins Alliance Advisors

BLOOMFIELD, N.J.–(BUSINESS WIRE)–Alliance Advisors, a leading independent proxy solicitation and governance advisory firm, is pleased to announce that Thomas M. Ball has joined the firm as a Senior Vice President in the Proxy Solicitation Group.

Tom has over 40 years of experience in mergers and acquisitions, corporate governance consulting, shareholder activism and the inner workings of the proxy solicitation process. Tom was most recently Senior Managing Director at Morrow Sodali LLC., earning wide respect among clients and advisors for delivering results in numerous of high-profile contested votes, thousands of proxy solicitations and hundreds of tender offers – both domestic and international.

In our industry, there are few people with the level of expertise in managing high-profile assignments, with complicated issues for corporations across the globe. Tom, an industry colleague and friend for years, will bring excellent interpersonal skills to our team and develop real-world strategies to meet the needs of our clients. I’m very pleased to have him join our team,” said Peter Casey, Executive Vice President and head of Alliance’s M&A Group.

Alliance has a tremendous reputation for providing personalized, client-focused solutions,” commented Ball. “They understand the value of working together to find the optimal solution in very complex and contentious situations. I am very excited to join a firm with a deep bench of industry veterans with such diverse skills and I look forward to working with them to continue providing world-class service and advice to our clients.”

We are thrilled to have obtained such a valuable asset with Tom and look forward to adding his expertise to Alliance’s arsenal of offerings,” said Reid Pearson, Executive Vice President who heads Alliance’s Governance Advisory Group.

About Alliance Advisors:

Alliance Advisors is a multi-faceted proxy solicitation and corporate advisory firm that services over 450 corporations worldwide. The firm is a single source solution for corporate executives and Boards as well as law firms and IR agencies for all proxy and governance related matters.

Contacts

Peter Casey, Executive Vice President

973-873-7710

pcasey@allianceadvisors.com
www.allianceadvisors.com

Categories
Art & Life

Local owner partners with Life Hospitality to transform the BeachWalk at Sea Bright into a locally-rooted boutique hotel

The BeachWalk at Sea Bright – nestled between the Navesink River and the Atlantic Ocean in Sea Bright, NJ – will be rebranded to a one-of-a-kind independent hotel in partnership with Life Hospitality, marking the tech-enabled operator’s entrance to the New Jersey hotel market.

NEW YORK–(BUSINESS WIRE)–#hotelindustryLife Hospitality, the tech-enabled hotel brand and management arm of Life House focused exclusively on independent hotels, announces the addition of 76-key BeachWalk Hotel to its growing portfolio. The property, owned by Sunil Nayak of Innzen Hospitality, is nearing completion of a comprehensive renovation to reposition the asset into a locally-rooted boutique hotel – the first of its kind in the beachside town of Sea Bright, NJ.

Located less than an hour away from Manhattan and tucked between the Atlantic Ocean and the Navesink River, the BeachWalk at Sea Bright is located in the heart of the picturesque three-mile coastal town in Monmouth County, NJ. Innzen Hospitality is nearing completion of an expansion of the existing 37-key property into a boutique hotel that will feature a grand total of 76-keys under a to-be-announced brand upon completion this fall. The new guest rooms will feature panoramic views of the Atlantic Ocean along with access to the property’s private beach, swimming pool, and the hotel’s popular waterfront Tiki Bar, in addition to the property’s 40 dock slips and 80 parking spots.

“After studying the landscape for management of independent hotels in seasonal resort environments, I was impressed by Life Hospitality and their impressive case studies in markets that feature similar seasonal demand patterns as Sea Bright,” said Sunil Nayak. “We look forward to starting a fruitful partnership with Life Hospitality, which we hope to expand to new properties in New Jersey as opportunities arise to acquire similar independent hotels throughout the region”.

Life House was founded by luxury boutique hotel veterans in 2017 and is backed by leading travel and technology investors, such as Thayer Ventures, Tiger Global, JLL Spark, and Ashton Kutcher & Guy Oseary’s Sound Ventures, among others. Life House has rebuilt the complex hotel technology stack from the ground up to create a completely new operational model that allows for a robust, lean operation to hotel owners and a great hospitality service to travelers. Life Hospitality, launched in response to the need for tech-enabled management services from the independent hotel ownership community, leverages a proprietary technology stack that enables its teams to efficiently drive incremental revenue and risk-free cost savings to the bottom line, supporting owners in a tepid demand environment post Covid-19.

“We are excited to support Sunil and the partners with positioning this asset to optimize revenues and achieve outsized bottom line performance as a result of our lean & technology-enabled management platform,” said John Basting, VP Acquisitions at Life House. “Considering the market’s proximity to Manhattan and the greater New York City Metropolitan population, we feel strongly that long-term supply/demand dynamics in the region are favorable and are actively seeking additional projects to collaborate on together across the Jersey Shore”.

About Life Hospitality

Life Hospitality is a New York-based, venture-backed & vertically-integrated hotel management company. The company has built a proprietary technology stack to power a platform that makes hotels more seamless and more profitable for hotel owners and travel more meaningful and more accessible for travelers. In 2018, the company launched its first brand, Life House, which features contextual hotels with narrative, substance, and locally-rooted restaurants and bars.

About Innzen Hospitality

Innzen Hospitality, LLC, headquartered in Monmouth Junction, NJ, has been active in hotel acquisitions and development of franchised and boutique hotels for over 25 years.

Contacts

Bryan Dunn

Head of Growth

Bryan@lifehousehotels.com