Hotel Online  Special Report
.


advertisement
>


..
 Finalists Selected for 2007 Deal of the Year Awards to be
Presented at the International Hotel Investment Forum
in Berlin, Germany
.
BERLIN, Germany: 21 February 2007 - Hosts of the 10th International Hotel Investment Forum (IHIF) have announced the finalists for the prestigious Deal of the Year Awards.  The Deal of the Year Awards will be presented 7 March 2007 at the InterContinental Hotel in Berlin, Germany, in the categories of Single Asset, New Development, and Portfolio.

Finalists in the Single Asset category are the 

  • Statuto Groupís purchase of the 118 room Four Seasons Milan (Italy) from Quinlan Private for a reported price of €220 million, 
  • Hyatt Internationalís and JER Partnersís purchase of the 267 room Great Eastern Hotel (London, UK) from Blackstone and Conran Holdings for £150 million, and 
  • Strategic Hotels and Resortsí purchase of the 236 room Marriott London Grosvenor Square (UK) from Blackstone for a reported ?103 million.
Finalists in the New Development category are the 
  • 279 room Hilton Manchester Deansgate (UK), developed by the Beetham Organisation at a cost of £50million; 
  • the 99 room Mandarin Oriental, Prague (Czech Republic), developed by a private equity fund at a cost of €50 million and acquired after opening by a newly formed joint venture between Cedar Capital Partners and Morgan Stanley; 
  • and the 205 room The Hoxton Hotel (London, UK), developed by Willow Street Hotel Ltd. at a cost of ?18 million.
Finalists in the Portfolio category are 
  • Hilton Hotels Corporationís acquisition of Hilton International Co. for approximately £3.3 billion in cash, 
  • Morgan Stanley Real Estate Fundís (MSREF) acquisition of seven European InterContinental Hotels Group properties for £440million,
  • and The Royal Bank of Scotlandís acquisition of the Marriott Joint Venture properties from Whitbread and Marriott International for £951million.
Regarding the Deal of the Year Awards, IHIF co-host Jim Burba, president of Burba Hotel Network said, ďThe year 2006 was a very active one for Ďdealsí in Europe, and this is reflected in both the quantity and quality of all the candidates from which the finalists were selected by the nominating committee.Ē

About the hosts:

Questex Media Group, Inc. is a global, diversified business-to-business integrated media provider, headquartered in Newton, MA.  

Burba Hotel Network (BHN) brings together more than two decades of experience in developing and organizing the worldâ€ôs most prominent gatherings of the hotel and tourism investment community, including the Americas Lodging Investment Summit (ALIS) in Los Angeles, the International Hotel Investment Forum (IHIF) in Berlin, the annual Caribbean Hotel and Tourism Investment Conference (CHTIC), the Hotel Investment Conference Asia Pacific (HICAP) held in Hong Kong, and the Bolsa Mexicana de Inversion Turistica (BMIT) in Mexico City.  

.
Contact:

Tess Pearson, Questex
Tel: (44) 208-579-8772
Email: tpearson@Questex.com

Bob Hayes, BHN
Telephone:  (1) 714-540-9300
Email: bhayes@Burba.com

.
.
Also See: Deal of the Year Winners Announced at International Hotel Investment Forum in Berlin, Germany / March 2005
Deal of the Year Awards Presented at the International Hotel Investment Forum in Berlin, Germany / March 2006
.
.

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.