TravelNewsAsia.com
Mon, 23 Oct 2017

Winners of 2017 HICAP Deal of the Year Awards

The winners of the Reggie Shiu Development of the Year, Single Asset Transaction of the Year, and the M&A Deal of the Year Awards were announced on Friday during the 28th annual Hotel Investment Conference Asia Pacific (HICAP) at the InterContinental Hong Kong.

Hyatt Regency Osaka in Japan was named Single Asset Transaction of the Year. Acquired for JPY 16 billion (USD147.45 million) by Hoshino Resorts REIT from Hong Kong based Gaw Capital Partners (GCP) in November 2016, this deal represents the largest non-sponsor REIT hotel transaction in Japan to date. The hotel is a rare and desirable transaction and an opportunistic buy for Hoshino Resorts REIT, being one of the only high-quality, full-service internationally-branded hotels in the mostly limited-service Osaka market. The deal also involved a complicated land lease negotiation with the city of Osaka. Since its acquisition by GCP in 2014, the hotel has seen improved profit margins from market growth, cost management and energy investment. Its turnaround and subsequent sale capitalizes on increased investment interest in one of Japanís fastest growing markets. Savills was the buyerís advisor. Finalists in this category also included Hilton Melbourne South Wharf (Australia) and Novotel Melbourne on Collins (Australia).

The Four Seasons Hotel Kyoto in Japan was named Reggie Shiu Development of the Year at HICAP 2017 in Hong Kong. Click to enlarge.

The Four Seasons Hotel Kyoto in Japan (pictured) was named Reggie Shiu Development of the Year. Integrated with 800-year old historical gardens, the Four Seasons Kyoto respects the old urban scenery with its architectural design, while introducing a new interpretation of Japanese design in its interiors with centuries old local artisan products interspersed throughout. The 123 guest rooms and suites, plus 57 residences, overlook the expansive and well-tonsured gardens. Four dining options include an exclusive sushi restaurant, a modern brasserie, lounge and a garden teahouse used for meditative tea ceremonies by day that transforms at twilight into a bar serving fine sakes. The owner is Berjaya Corporation. The operator is Four Seasons Hotels & Resorts. The architect is Kume Sekkei, Jun Mitsui Associates (Porte Cochťre), Yamamoto Atlelier (Tea House). The interiors are by Hirsch Bedner & Associates (guest rooms, function rooms, public areas, pool and spa), Kokai Studio (Brasserie), and STRICKLAND (Sushi Wakon). The exterior designer is Landscape Design. The development cost was JPY40 billion (USD368 million). Finalists in this category also included Alila Fort Bishangarth (Jaipur, India) and Bawah Island (Anambas Archipelago, Indonesia). 

There was a tie in the M&A Deal of the Year category. Both China Lodging Groupís (Huazhu Hotels) acquisition of Crystal Orange Hotel Holdings and V Hotel Managementís acquisition of Premier Innís Thai portfolio were named M&A Deals of the Year.

China-based multi-brand hotel company China Lodging Groupís subsidiary, China Lodging Holdings, acquired all of the equity interests of leading boutique hotel operator Crystal Orange Hotel Holdings' shareholders for approximately USD531.9 million. Announced in Feb 2017, the deal closed May 2017. Crystal Orangeís positioning and style will complement Shanghai-based China Lodgingís coverage and development capability in China, as well as its corporate philosophy and brand portfolio as one of Chinaís largest hotel groups. China Lodging Group has approximately 620 leased hotels ó over 2,070 managed/franchised hotels and approximately 80 franchised hotels in operation and over 20 leased hotels and approximately 660 managed/franchised and franchised hotels under development. Beijing-based boutique hotel operator Crystal Orange was founded in 2006. Its portfolio includes more than 100 hotels primarily located in tier one and tier two cities. Morgan Stanley, Latham & Watkins and Han Yi Law were the sellerís advisor for this transaction and Fangda Partners, Davis Polk & Wardwell were the buyerís advisor for this transaction.

V Hotel Managementís acquisition of Premier Innís Thai portfolio represents Singapore-based V Hotel Managementís first hotel  investment in Thailand in line with their strategy to expand their offering of affordable midscale accommodation in the region, and seller WHRIís divestment of their Thai portfolio as part of their withdrawal strategy of the Premier Inn business in Asia. The acquisition was completed in June 2017 for THB 1.4 billion (approximately USD42.3 million). The portfolio was acquired with vacant possession, enabling the buyer to establish presence in two of Thailandís key tourism destinations with an operator of their choice. Additionally, the properties were available with BOI foreign ownership privilege, allowing the buyer to hold 100% ownership. The transaction was one of only a few hotel portfolio sales ever to be transacted on the open market in Thailand. JLL Hotels & Hospitality Group was the sellerís advisor for this transaction.

See other recent news regarding: HICAP.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com