The hosts of Hotel Investment Forum India (HIFI) have announced the winners of the Deal of the Year awards (hotels opened November 2011 – October 2012) in the categories of Budget and Mid-Priced Scale, First Class and Upper Mid-Scale, and Luxury and Upscale.  The awards were presented at Hotel Investment Forum India (HIFI) on 15 January 2013, at the Leela Kempinski Gurgaon Delhi (N.C.R.), India.  HIFI is hosted by Burba Hotel Network (BHN) and Horwath HTL.

In the category of Budget and Mid-Priced Scale, the winner is Novotel-Ibis Bengaluru Techpark, with a total of 547 keys, developed at a total cost of Rs 3,084 mn (at a cost per room of Rs 4.41 mn excluding cost of land and IDC).  The Novotel-Ibis Bengaluru Techpark is owned by Techpark Hotels (InterGlobe Enterprises, Accor, Pacifica Partners) and operated by Accor.  Nominees in this category also included aLoft Chandigarh, Hampton by Hilton Vadodara – Alkapuri, and Holiday Inn Express Ahmedabad.

In the category of First Class and Upper Mid-Scale, the winner is DoubleTree by Hilton Gurgaon, with 184 keys, developed at a cost per room of Rs 7.17 mn excluding cost of land and IDC.  The DoubleTree by Hilton Gurgaon is owned by Balprada Hotels & Hospitality (JMD Limited) and operated by Hilton Worldwide.  Nominees in this category also included Regenta One Hyderabad and Vivanta by Taj Surya, Coimbatore.

In the category of Luxury and Upscale, the winner is ITC Grand Chola, Chennai, with 600 keys, and developed at a total cost of Rs 10,200 mn (at a cost per room of Rs 15.33mn excluding cost of land and IDC).  The ITC Grand Chola, Chennai is owned and operated by ITC Limited.  Nominees in this category also included the Fairmont Jaipur and the Park Hyatt Hyderabad.

P.R. Srinivas chaired the committee comprised of hotel industry leaders who nominated, reviewed, and selected the finalists.  Finalists were then sent to HIFI delegates for voting and the winners were selected.

HIFI is India’s most important hotel investment conference.  The annual meeting is the place for the leaders in the Indian hotel and tourism industry to discuss important trends, network, identify new opportunities, and do deals through a combination of plenary sessions, breakout panels, and interactive workshops.

For additional information on HIFI visit,


About BHN
BHN is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With more than two decades of experience, more than 100 events completed to-date, and more than 70,000 international delegates, BHN conferences have become “must attend” events for industry leaders who come together to network, conduct business and to learn about the latest trends.

BHN events include: the Americas Lodging Investment Summit (ALIS) in Los Angeles; the ALIS Summer Update in Dallas; the Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; the Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; the Hotel Investment Forum India (HIFI) in Gurgaon Delhi N.C.R.; the Hotel Opportunities Latin America (HOLA) conference in Miami; and the Hotel Investment Conference Europe (Hot.E) in London.

The BHN website at is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.

About Horwath HTL
Horwath HTL is the world’s largest hotel industry specialized consulting organization, currently with 50 offices in 39 countries. In the Asia Pacific region, Horwath HTL has been involved with over 2,000 projects in all phases of the property lifecycle for clients ranging from individually owned businesses to the world’s most prominent hotel companies, developers, lenders, investors, and industrial corporations. Within Asia Pacific, Horwath HTL currently operates out of regional offices in Tokyo, Beijing, Shanghai, Hong Kong, Singapore, Jakarta, Kuala Lumpur, Mumbai, Sydney, and Auckland.