Burba Hotel Network (BHN), host of the Hotel Investment Conference Europe (Hot.E) 2015, are pleased to announce the winners of the inaugural Hot.E Deal of the Year Awards in the categories of Merger & Acquisition/Portfolio of the Year and Single Asset Transaction of the Year. The awards were presented at Hot.E on 29 September 2015, at the Jumeirah Carlton Tower.
Jin Jiang International’s acquisition of Louvre Hotels was named Merger & Acquisition/Portfolio of the Year. Jin Jiang International acquired Louvre Hotel Group from Starwood Capital for €1.2 billion in March 2015. The transaction included 1,136 hotels worldwide. This deal results from a long-term relationship; the two companies had been partnering for four years with a distribution agreement for hotels in China and in France. Finalists in this category also included Lone Star’s acquisition of Jurys Inn and Frasers Hospitality’s acquisition of Malmaison Hotel du Vin.
Limulus Ltd.’s acquisition of Ace Hotel, London, Shoreditch UK, from Starwood Capital Group was named Single Asset Transaction of the Year. In April 2015, Starwood Capital Group sold the innovative boutique Ace Hotel in London Shoreditch for an undisclosed sum to Limulus Ltd., which was advised by The Deerbrook Group. With an asking price of £150 million or slightly over £580, 000 per bedroom this transaction has set a new benchmark for hotel pricing in trendy East London, clearly illustrating the narrowing gap between East and West London hotel pricing. This tremendous opportunity attracted over £1 billion of equity from all over the globe, further reflecting the insatiable appetite for London hotel real estate. Finalists in this category also included Cereberus Capital Management L.P. and Orion Capital’s acquisition of Sotogrande, Cadiz, Spain, from NH Hotel Group and Sunworld Dynasty’s acquisition of The St. Ermin’s Hotel, London, UK, from Angelo Gordon & Co, Amerimar Enterprises and Gracemark.
The Hot.E Deal of the Year Awards were established to recognize the companies responsible for some of the most influential hospitality industry investments occurring in the European marketplace over the course of the past year. Charles Human of HVS, Hodges Ward Elliott, chaired the Merger & Acquisition/Portfolio of the Year Award committee and Chris Day of Christie + Co, chaired the Single Asset Transaction of the Year Award committee. The two committees were comprised of hotel industry leaders who selected, reviewed, and nominated deals. The finalist information was then sent to the Hot.E delegates for voting.
For more information about Hot.E or the inaugural Hot.E Deal of the Year Awards, visit the Hot.E website.
Hotel Investment Conference Europe (Hot.E) is Europe’s most focused hotel investment conference, with sessions highlighting the capital markets and investment opportunities in Europe. With over one-third of the companies in attendance in 2014 comprised of leading debt, equity, and development organizations, Hot.E has become the ‘must attend’ networking event for Europe’s hotel investment leaders. The conference was held 28-29 September 2015 at the Jumeirah Carlton Tower, London. The conference is hosted by BHN, the world’s leading producer of hotel investment conferences. For more information, visit the Hot.E website.
Hot.E 2015 was held in association with The Hotel Distribution Event (HDE). HDE immediately followed Hot.E at the same venue on 30 September.
BHN is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With almost three decades of experience, nearly 130 events completed to-date, and almost 90,000 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; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Gurgaon Delhi N.C.R.; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website at www.Burba.com is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.