Travel Industry News at TravelNewsAsia.com since 1997. Interviews, podcasts, videos, pictures and more
Fri, 11 Oct 2019

Finalists of HICAP Deal of the Year 2019

The finalists for this years HICAP Deal of the Year Awards are as follows:

Reggie Shiu Development of the Year Award

citizenM Kuala Lumpur Bukit Bintang, Malaysia

Converted from a 30+ year-old office building, the 210-room CitizenM successfully balances introducing a modern hotel concept into a culturally diverse and historic district while incorporating the charm and improving the identity landscape of the area. Gutting the entire building was needed to reconfigure the floor layouts and install new equipment and systems to fit the CitizenM ID package into the existing building shell. The resulting marriage of technology with efficient room design (18sqm) yields an attractive return on investment via maximizing a limited footprint to its full potential, while edgy and localized interior design accents the hotels quirky nature.

Owner: Cornerstone Partners Group
Operator: citizen IP Holdings
Architecture: Akitek Akiprima
Conceptual Design: Concrete Amsterdam
Designer: Blu Water Studio
Development Cost: USD40 million

Shinta Mani Wild, Cardamom National Park, Cambodia

Situated in the heart of Cardamom National Park (Cambodia), 15 tents are spread generously along the Tmor Rung Riverbank across 600 acres, so guests feel as if they are the only ones for miles. Designed as a utopia of sustainability, with low impact on the land, whilst helping provide a sustainable source of employment for locals with few choices in the area. Also, home to a research and conservation centre, run hand in hand with the Wildlife Alliance. Guests are taught about the local flora and fauna by on-site naturalists and join the Wildlife Alliance on patrol, putting them on the front lines of conservation in Cambodia.

Owner: Bill Bensley & Sokoun Chanpreda
Operator: Shinta Mani Bensley Collection
Architecture and Interiors: Bensley Design Studios
Development Cost: USD15 million

Yotelair Singapore Changi Airport is one of the finalists for the Reggie Shiu Development of the Year 2019 Award at HICAP 2019. Click to enlarge.

Yotelair Singapore Changi Airport

This 130-cabin new generation airport hotel utilizes smart innovation and design-efficiency in space planning and programming to fit an ensuite bathroom, reclining queen size SmartBed and stow-away desk into a 10 sqm space providing transient travellers with everything they need and nothing they dont. By automating the check-in/out process and utilising robots for guest services, labor costs are reduced (staff to room ratio = 0.18) while creating a unique guest experience. With the declining trend in retail sector yields, Yotelairs operating model presents retail real estate owners with a viable and sustainable option to traditional lease income and boosting investment yield (GOP margins in excess of 50%).

Owner: Changi Airport Group/CapitaLand
Operator: YOTEL Limited
Architecture: Safdie Architects, RSP Architects Planners & Engineers Pte Ltd
Designer: Swan & Maclaren
Development Cost: N/A (part of SGD1.7 billion Jewel Changi Airport project)

Merger & Acquisition of the Year Award

NH Hotel Group, S.A. (NH Hotels) acquisition by Minor International PCL (MINT)

Minor International won NH Hotel Group in a takeover battle against big players at an EV/EBITDA multiple significantly lower than comparable transactions, without paying a control premium. The success derived from MINTs ability to leverage its versatile and agile organization to fuel a tactical plan that effectively dominated and guided the outcome. MINT deployed a wealth of M&A tools during the transaction, including undisclosed retail-lot accumulation, strategic block trade (hedge fund stake), conditional purchase agreements (Chinese group), active campaigns through tender announcement, forward purchase public announcement and target engagement. The deal size was 2.5 billion, an accretive deal considering geographic diversity of NHs portfolio of hotels.

Radisson Hotel Group acquisition by a Consortium Led by Shanghais Jin Jiang International Holdings

A consortium led by Shanghai's Jin Jiang International Holdings completed the acquisition of the Radisson Hotel Group from the HNA Group. There were two phases to this transaction. In the 1st phase the consortium acquired the Radisson US from the HNA Group. The 2nd phase involved a public takeover of Radisson Hospitality (which primarily holds the European and international businesses) in Sweden. The takeover offer was structured as a mandatory bid. Baker McKenzie represented the consortium on this transaction. The outcome of the 2nd phase of the transaction was announced on 5 February 2019 and the consortium now holds 94.12 percent of the shares in Radisson Hospitality, which has now been delisted.

Six Senses Hotels Resorts Spas acquisition by InterContinental Hotels Group (IHG)

InterContinental Hotels Group (IHG) announced on 13 February 2019 the acquisition of Six Senses Hotels Resorts Spas, a leading operator of luxury hotels, resorts and spas. The USD300 million cash acquisition from Pegasus Capital Advisors included all of Six Senses brands and operating companies and did not include any real estate assets. At the time of the acquisition, Six Senses managed 16 hotels and resorts, with 18 management contracts signed into its pipeline, and more than 50 further deals under active discussion. Properties are in locations such as Maldives, Seychelles, Yao Noi in Thailand, Zighy Bay in Oman, and Portugals Douro Valley.

 Transaction of the Year Award

InterContinental Samui Baan Taling Ngam Resort, Koh Samui, Thailand

The Intercontinental Samui Baan Taling Ngam Resort is one of the first luxury resorts built on Koh Samui. Perched atop Baan Taling Ngams dramatic cliff, the property was featured in The New York Times Bestsellers 1,000 Places to See Before You Die for the most beautiful sunset. The resort was sold with the benefit of management from InterContinental Hotels Group, one of the worlds largest hotel operators. The purchaser is a Thai high net worth family, marking their first acquisition into the hotels industry. The transaction recorded the highest price per key for hotels traded outside of Bangkok in Thailand.

Substantial Stake in Baillie Lodges, Australia

On 1 April 2019, KSL Capital Partners completed a substantial investment ($100m+) in Australias leading luxury lodge owner and operator, Baillie Lodges. Including Southern Ocean Lodge, Longitude 131 and Capella Lodge, the iconic portfolio represents Australias finest collection of luxury lodges offering access to signature Australian experiences in irreplaceable natural locations. Both parties see a strong alignment in their complimentary skill sets and share a vision to grow the platform via selectively adding new assets that deliver on the Baillie Lodges hallmark of relaxed barefoot experiential luxury. An example of this focus on growth can be seen in the recent acquisition of Silky Oaks Lodge, which will undergo an extensive refurbishment in 2020.

Sydney & Canberra Hotel Portfolio, Australia

In February 2019, AXA Investment Managers Real Assets acquired the Sydney & Canberra Hotel Portfolio, which included the Pullman at Sydney Olympic Park, Novotel & Ibis Sydney Olympic Park, and the Novotel Canberra, for AUD330.4 million from Pearl Hotels. JLL Hotels & Hospitality Group and Savills Hotels were retained on a joint exclusive basis. This transaction was one of the largest hotel transactions in Australia in recent years. The Sydney Olympic Park assets are the major accommodation offerings within the world-class mixed-use precinct situated in Sydneys geographical  centre and feature a total of 218 (Pullman) and 327 (Novotel/Ibis) guest rooms respectively, offering a strategic mix across 3.5, 4.5 and 5-star market positioning. The Novotel Canberra occupies a commanding position in the heart of the Canberra CBD on Northbourne Avenue the citys main thoroughfare and offers 286 keys. The hotel is in close proximity to the citys major demand generators and a multitude of restaurants, retail options, and entertainment venues. The portfolio was publicly offered for sale individually or in-one-line, with extensive investor interest originating from a range of buyer types out of Hong Kong, Singapore, Thailand, and Australia, whilst the successful purchaser of the Portfolio, AXA, hailed from France.

The awards will be presented at the 30th annual HICAP held 23-25 October 2019 at the Kerry Hotel Hong Kong.

Headlines: Ascott Fast-Tracks Growth with Oakwood Acquisition  Accor Completes 10-Hotel Deal with Salter Brothers in Australia  Minor Hotels Signs Former Monastery in Vila Viçosa, Portugal  Four Airlines in China Order 292 Airbus A320 Aircraft  Thai AirAsia to Resume Bangkok - Hong Kong Flights in August  Hamad International Airport Enhances Operations with Digital Twin Technology  GTF-Powered E195-E2 Aircraft Completes Tests Using 100% SAF in One Engine  Air Astana Resumes Online Check-In on Select Flights  Sindhorn Midtown Bangkok Becomes IHG's First Vignette Collection Hotel in Asia  Air New Zealand Unveils New Dreamliner Cabins  Bombardier Quadruples Size of Singapore Service Centre  Japan Airlines Joins airasia Super App's OTA Platform  Joris Quintelier Joins Four Seasons Hotel Doha as Director of F&B  Etihad Airways Resumes Beijing (PEK) Flights  Saudi Arabian Airlines Launches Flights to Mykonos, Greece  Sweden Orders Two GlobalEye Airborne Early Warning and Control Aircraft  Four Seasons Signs New-Build Hotel in Xi’an, China  Qantas to Launch Direct Flights Between Perth and Rome, Johannesburg and Jakarta  Marriott Bonvoy Launches Three Co-Branded Credit Cards with China CITIC Bank  Cebu Pacific to Resume Manila - Brunei Flights on 23 July  Boeing Publishes Annual Sustainability Report  Firefly Flights Added to MHflypass Malaysia and MHshuttle  T’way Signs TotalCare Service Agreement for Rolls-Royce Trent 700 Engines  Saab to Upgrade Air Traffic Control Systems in Dubai  Asia Pacific Airlines Report Robust Growth in Passenger Demand; Soft Cargo Markets  Silk Way West Airlines Orders Two Airbus A350 Freighters  Mercure Pakenham to Open in September  Rolls-Royce Invests in Hydrogen Power with 54% Stake in Hoeller Electrolyzer  Plaza Premium to Begin Providing Passenger Services at Hong Kong Airport  Embraer Doubles Hangar Space at Sorocaba Service Center in São Paulo  Germany Begins Gradual Transformation to SAF for Operational A400M Fleet  American Airlines Establishes the Elise Eberwein Pilot Scholarship  Hotel Revenue: Sabre Completes Initial Phase of SynXis Retail Studio Rollout  Cross Signs Two Resorts in Lombok, Indonesia  IATA Urges Governments to Work with Aviation Industry to Ensure Safe Rollout of 5G  SAS Warns Customers of Possible Flight Disruptions by Potential Pilot Strike  IHG Signs Franchise Agreement for First InterContinental Hotel in Albania  Qatar Airways Signs Codeshare Agreement with Airlink  Kai-Oliver Kauder Joins Phuket Marriott Resort Nai Yang Beach as Executive Chef  Canon Expands Partnership with World Rugby  Marriott Signs 2,200 Rooms Across 8 Hotels in Vietnam  Malaysia Airlines to Launch KUL-HND Flights; Expands Codeshare with JAL  SITA to Upgrade Air Traffic Communications at Airports in Poland  Embraer Signs Firm Order for up to 10 Embraer E-Jets Passenger to Freight Conversions  Korean Air Renews CEIV Pharma Certification with IATA  Cyprus Orders Six H145Ms for National Guard  Incentives Needed to Increase SAF Production  IHG Signs First InterContinental Hotel in Uzbekistan  Pictures from Miss International Queen 2022 Transgender Beauty Pageant in Pattaya, Thailand  HD Video Interviews from Miss International Queen 2022 in Pattaya, Thailand  Siam@Siam Design Hotel Pattaya - HD Video Interview with Clive Nagington  How Winning Miss International Queen 2020 Changed My Life - Interview with Valentina Fluchaire  IHG Signs Luxury Hotel in Penang, Malaysia  Dusit Appoints Gilles Cretallaz as Chief Operating Officer  7-Eleven Singapore Partners Tiger Beer for Innovative Beachfront Store on Sentosa  Thai AirAsia Launches BKK - KUL Flights  US-Bangla Airlines Signs Distribution Agreement with Travelport  Thai Airways to Launch Flights to Jeddah, Saudi Arabia  Braathens Flies ATR 72-600 with 100% SAF in Both Engines  Air Canada to Launch Bangkok Flights; Resume Mumbai Service  Qantas A380 Resumes SIN-LHR Flights; First Class Lounge at Changi Reopens  Randy Shimabuku Appointed GM of Two Four Seasons Resorts in Bali, Indonesia  Rosewood Signs Urban Resort in Xi'an, China  China Airlines Unveils Network Expansion Plan  IHG Partners Unilever to Replace Bathroom Miniatures with Larger Bottles/Dispensers  Mehmet Tevfik Nane Becomes Chair of IATA Board; Turkey to Host AGM in 2023  Etihad Increases Flights to London Heathrow and Dublin; Returns to LHR T4  Qantas and Airbus to Accelerate Establishment of SAF Industry in Australia  Cathay Pacific Expands Distribution Strategy with Sabre  Pamela Ong Appointed GM of Courtyard by Marriott Phuket Town  Qatar Airways Group Reports Record Profit  Centara Targets Thai Vietjet Passengers with Promotion  Hong Kong Airport Reports May 2022 Cargo and Passenger Traffic  SITA Partners Alstef Group to Launch Self-Bag Drop Solution  SalamAir Launches Flights Between Muscat and Bursa, Turkey  Global Hotel Occupancy Surpasses 2019 Levels for First Time  Marriott Bonvoy Redesigns and Upgrades Mobile App on Android  Cebu Pacific to Resume Singapore - Mactan Service; Double SIN-MNL Flights  E-Wallet Added to airasia Super App in Malaysia  HD Video Interviews from Thailand Yacht Show 2022 in Jomtien, Pattaya  Cathay Pacific Reports May 2022 Cargo and Passenger Traffic  Boeing Unveils Latest ecoDemonstrator Test Aircraft  Yotel to Offer Guests Urban Jungle's Hair and Bodycare Amenities  Four Seasons Hotel des Bergues Geneva Launches Masterclass in the Art of Floristry  Miss International Queen 2022 - Interview with Alisa Phanthusak, MD of Tiffany's Show Pattaya  AirAsia X Expands Network; Teases Plan to Launch London, Dubai and Istanbul Flights  Marriott Expands Homes & Villas Collection to Australia and New Zealand  IATA Appoints Dr. Xie Xingquan as Regional Vice President - North Asia  Swire Hotels to Implement G3 Revenue Management System from IDeaS  Airbus A321XLR Takes Maiden Flight; Targets Entry into Service for Early 2024  SITA to Provide Skyports with Technology for Vertiport Testbed Near Paris  United Airlines Adds More Plant-Based Food Options to Menu  Family Fun in Jomtien, Pattaya - Interview with Dmitry Chernyshev, GM of Mövenpick Siam Hotel  Mandarin Oriental to Take Over Luxury Alpine Resort in Italy  Scoot Opens Ticket Sales on Flights to Tokyo and Osaka, Japan  Sounds Air to Enhance Global Distribution with Amadeus Travel Platform  Royal Australasian College of Surgeons to Host Scientific Congress in Christchurch  Airbus Launches Airspace Link HBCplus Connectivity Solution for Airlines  CWT Expands Sales Team with Six Appointments  Aeromexico Connect Testing Embraer's Beacon Platform  Is Siam Seaplane Ready for Take Off? Interview with Dennis Keller, Chief Business Officer  Christian Poda Returns to Hong Kong as GM and RVP of Four Seasons  Jetstar Asia to Increase Singapore - Bangkok and Bali Flights  Rosewood to Manage Hotel Bauer in Venice, Italy  Cebu Pacific to Increase Flights Between Manila and Dubai  British Airways and American Express Enable Solo Travellers to Use Companion Vouchers  Kiri Hannifin to Join Air New Zealand as Chief Sustainability Officer  NHIndustries Signs NH90 Support Contract with NAHEMA  New CEO at Pattana Sports Resort - Interview with Bodintorn Juangroongruangkit  Westin Hotel Opens in Yokohama, Japan  Changi to Reopen T4 in September  Ivan Giles Returns to Four Seasons Langkawi as GM  Anantara's Banana Island Resort in Doha Reopens Surf Pool; Launches Whale Shark Excursions  IHG Opens Atwell Suites Denver Airport - Tower Road  Kansai Airports Partners Airbus to Study Use of Hydrogen in Aviation  Air Astana Wins Best Entertainment System and Inflight F&B in Central Asia Award  Korean Air to Resume Long-Haul Flights in July  Aviation: International RPKs Up 331.9% in April  Qantas to Increase Flights Between Broken Hill and Sydney  SITA to Trace and Repatriate Lost Items at Passenger Terminal Expo 2022  Cebu Pacific Continues to Expand International Network  Mike Douglass Joins CWT as TX Customer and Service Excellence Leader  IATA Reports Fall in Air Cargo Demand  Thales to Launch New Airport Security Scanner  Sport and Fitness Training at Pattana Sports Resort in Chonburi, Thailand - Interview  Trip Partners Chooose to Offer More Sustainable Travel Options  Qatar Executive to Install Air Ionisation System on G650ER Aircraft  Hatten Hotels Commits to Source Only Cage-Free Eggs by 2025  Air Astana Launches Almaty - Crete Flights  Idemia Expands Partnership with Changi Airport in Singapore  Falcon Aviation Services Aiming to Launch eVTOL Flights in Dubai  Bruce Morris and Philip Levinson Join KFS Hotel Capital as Advisory Board Members  Accor Opens The Sebel Twin Towns Coolangatta  Marriott Opens First Le Royal Méridien Hotel in Qatar  Michiel de Kleer Appointed GM of 512-Room Holiday Inn Singapore Atrium  Augustina Tandun Joins Renaissance Bali Uluwatu as DOSM  Google Cloud, AI, NDC and More - Airline Retailing Interview with Darren Rickey, Sabre  Travel Industry Interview with Kurt Ekert, President of Sabre  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

See latest Travel News, Interviews, Podcasts and other news regarding: HICAP, Deal of the Year.

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com