By Sade Spence (staff@latinospost.com) | First Posted: Nov 05, 2015 08:04 AM EST

It's nearly time for the Latin Music industry's biggest night in music. The 16th Latin Grammy's are around the corner and it is looking to be a very special "fiesta."

The evening before the awards show, music legend Roberto Carlos will be honored with the "Person of the Year Award" at the Latin Grammy's Pre-Gala Dinner. The esteemed award will recognize his "important artistic and social contributions to Latin music and culture."

"To speak of Brazil is to speak of Robert Carlos," said President/CEO of The Latin Recording Academy. " It is with great pride that we honor such a musical treasure and we look forward to celebrating his career and his indelible musical legacy."

Rightfully so! The Brazilian musician is the "top selling Brazilian and Latin American act" recalls Billboard.

Colleagues performing in his honor are Romeo Santos, Carlos Vives, Dionne Warwick and Alejandro Sanz, Jesse & Joy, Camila and Victor Manuelle at the Mandalay Bay on Nov. 18.

At age 74 Carlos will join Miguel Bosé, Plácido Domingo, Gloria Estefan, Vicente Fernández, Juan Luis Guerra, Carlos Santana, Joan Manuel Serrat, Shakira, and other major recording artists as the recipient of the Person of the Year Award.

The 16th Latin Grammy Awards will be held the following night at the MGM Grand Garden Arena in Las Vegas, Nevada.

Some of the this year's top contenders are Leonel García with six nominations, followed by Natalia Lafourcade with five. Juan Luis Guerra and Alejandro Sanz; engineers Edgar Barrera, Demián Nava, and Alan Saucedo; and producer Cachorro López each come in at four nominations.

Nominees for some of the top awards are as follows:

Record Of The Year

"Fiesta" - Bomba Estéreo

"Encanto" - Miguel Bosé

"Será (Vida De Hombre)" - Café Quijano

"La Vida Entera" - Camila Featuring Marco Antonio Solís

"Ella Es" - Leonel García Featuring Jorge Drexler

"Tus Besos" - Juan Luis Guerra 4.40

"Hasta La Raíz" - Natalia Lafourcade

"Disparo Al Corazón" - Ricky Martin

"Un Zombie A La Intemperie" - Alejandro Sanz

"Ese Camino" - Julieta Venegas

Album Of The Year

MTV Unplugged - Pepe Aguilar

Son De Panamá - Rubén Blades Con Roberto Delgado & Orquesta

Amo - Miguel Bosé

Orígenes: El Bolero Volumen 3 - Café Quijano

Todo Tiene Su Hora - Juan Luis Guerra 4.40

Creo En Mí - Natalia Jiménez

Hasta La Raíz - Natalia Lafourcade

Caja De Música - Monsieur Periné

Sirope - Alejandro Sanz

Consentido - María Toledo

Best New Artist

Kaay

Iván "Melón" Lewis

Manu Manzo

Matisse

Monsieur Periné

Julieta Rada

Tulipa Ruiz

Raquel Sofía

Vázquez Sounds

Vitrola Sintética

The full nominee listing can be accessed here.

The Latin Grammy Awards van be watched on Nov. 19 in the United States via Univision from 8-11 p.m. EST.