Tribute concert on Nov. 1.

Superstar Ricky Martin will be honored as the 2006 Latin Recording Academy person of the year. Martin will be feted at a tribute and dinner concert on Nov. 1 at the Sheraton Hotel & Towers in New York, prior to the Latin Grammy ceremony on Nov. 2.

Meanwhile, on Aug. 17, Martin will record an MTV Unplugged concert that will be released later this year as a CD and DVD. He is being honored by Laras both for his musical accomplishments and for his vast social work worldwide via the Ricky Martin foundation and his People for Children initiative.

Martin was honored in 2004 with Billboard's Spirit of Hope award. He is the seventh Latin Grammy Person of the year recipient.