Winners of the best deals of 2008 at the annual Americas Lodging Investment Summit included the $1 billion makeover of the 1,594-room Fontainebleau Miami Beach resort, named the 2008 Development of the Year; and the $366.5 million purchase of the 726-room Hyatt Regency Century Plaza in Los Angeles by Next Century Associates from Sunstone Century Star and Sunstone Century Star Lessee, named 2008 Single Asset Transaction of the Year.

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