Premise: The 1st Academy Awards ceremony , presented by the Academy of Motion Picture Arts and Sciences ( AMPAS ) , honored the best films of 1927 and 1928 and took place on May 16 , 1929 , at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles , California . Academy Awards . The awards , first presented in 1929 at the Hollywood Roosevelt Hotel , are overseen by AMPAS .
Hypothesis: The Academy Awards were first presented at the Hollywood Roosevelt Hotel in 1929.
Label: ENTAILMENT