Burba Hotel Network (BHN), host of the Hotel Investment Conference Europe (Hot.E) 2016, announced the winners of the 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 27 September 2016, at the Hilton London Bankside.
Benson Elliot and Walton Street in partnership with Algonquin SA’s portfolio acquisition from Host Hotels & Resorts European JV was named Merger & Acquisition/Portfolio of the Year. A portfolio of eight hotels were acquired from Host Hotels & Resorts’ European Joint Venture by a joint venture between Benson Elliot and Walton Street in partnership with Algonquin SA, for approximately €420m. The highly complex negotiations involved properties in five countries and share transactions in six, with multiple parties on both sell-side and buy-side, third-party hotel managers and incoming/outgoing lenders. The seller has refocused its European portfolio, returning meaningful value to partners and shareholders and leveraging the timing of the cycle to exit. The acquirer has materially increased their European hotel presence with opportunities to grow income and value in a sector attracting increasing attention from investors. Finalists in this category also included Apollo International Management’s acquisition of Project Ribbon from LRG and Kew Green Hotels’ acquisition by China Travel Services.
Hong Kong consortium represented by Joint Treasure International Limited, acquisition of The Sofitel Le Faubourg, Paris, France, from Almus Capital Limited and Fortress Investment Group LLC was named Single Asset Transaction of the Year. In May 2016, a consortium of four HK-based investors, investing through its advisor Joint Treasure International Limited, acquired the 147-room Sofitel Le Faubourg in Paris from Almus Capital Limited and Fortress Investment Group LLC. The sales process was managed by Eastdil Secured, selling the hotel at around €1.1 million per room amidst market and trading instability following the Paris attacks in November 2015 – demonstrating that investor demand remains strong for luxury assets in key gateway cities. Joint Treasure International Limited is a Hong Kong based advisory group representing some of the most prominent conglomerates and high net worth individuals in Asia and their investment in Parisian hotel real estate demonstrates that Asian investors still have a robust appetite for real estate in the French capital despite recent events. The other finalist in this category was Al Habtoor Group’s acquisition of Hilton London Wembley, London, UK, from Oaktree Capital Management.
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 the 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 focused on the capital markets and investment opportunities in Europe. With over 1 in 3 of the attending companies representing leading debt, equity and development firms, and delegates from over 30 countries, Hot.E has become the “must-attend” networking event for Europe’s top hotel investment leaders. The 2016 Hot.E conference took place at the Hilton London Bankside on 26-27 September 2016. 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 2016 was held in association with The Hotel Distribution Event (HDE). HDE immediately followed Hot.E at the same venue on 28 September.
About Burba Hotel Network (BHN)
Burba Hotel Network (BHN) is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With three decades of experience, nearly 130 events completed to-date, and over 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 Mumbai; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website is the gateway for information about the conferences BHN produces, as well as a direct link to important players in the hospitality investment world.
“Hot.E has proven to be a valuable hotel investment conference. The conference brings together important leaders involved the investment community to discuss issues that are timely and relevant.”
“As a panel leader, my first experience at Hot.E was fascinating. I was able to hear the views from people in the know and exchange thoughts with other industry leaders.”
“Hot.E provides a topical insight on the critical issues facing the European hotel investment industry, with meaningful participation from the industry leaders and decision-makers.”