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International Hotel Investment Forum Names the
Finalists for the Deal of the Year Awards
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BERLIN, Germany - February 25, 2008 - : Hosts of the 11th 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 5 March 2008 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 
  • Global Hyatt Corporation’s purchase of JER Partners’ share of the 267 room Andaz Liverpool Street (London, UK); 
  • London & Regional Properties’ circa €300 million purchase of the 619 room Fairmont Monte Carlo (Monaco); and 
  • FIMIT’s purchase of the ForteVillage Resort Sardinia asset (Sardinia), with Robur S.r.l. acquiring the operating company, for an aggregate purchase price of  € 312m from LBFV LLC, a subsidiary of Lehman Brothers. 
 Finalists in the New Development category are the 
  • 50 room Haymarket Hotel (London, UK), developed by Firmdale Hotels owners, Tim and Kitt Kemp, at a cost of £32 million; 
  • the 160 room The Charles Hotel (Munich, Germany) developed by Frankonia Eurobau AG (managed by the Rocco Forte Collection) at an undisclosed cost; and 
  • the Yotel Gatwick (West Sussex, UK), developed by Yotel Airports Limited at an undisclosed cost.
Finalists in the Portfolio category are 
  • Accor’s various asset disposals – 91 hotels to Moor Park Real Estate for €863m and 30 Ibis and Novotel hotels to Land Securities for €711m; 
  • Blackstone’s acquisition of Deutsche Interhotel Holding’s entire hotel portfolio; and 
  • EQT’s €833m acquisition of 128 Scandic hotels, 3 Hilton Hotels and 1 other hotel from Hilton Hotels Corporation.
Regarding the Deal of the Year Awards, IHIF co-host Jim Burba, president of Burba Hotel Network said, “The year 2007 was another very active one for ‘deals’ 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.”  Burba added, “The final selection of the winners will be made by a vote of the IHIF sponsors and will be announced at the conference.  We expect that the final vote tallies will be close, as all of the candidates are worthy recipients of the Deal of the Year Award.”
 
About the Hosts

Questex Media Group, Inc. is a global, diversified business-to-business integrated media provider, headquartered in Newton, MA.  
  
BHN brings together more than two decades of experience in developing and organizing the world’s most prominent gatherings of the hotel and tourism investment community.

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Contact:

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

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Also See: Deal of the Year Awards Winners Announced at the International Hotel Investment Forum in Berlin, Germany / March 2007
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