Finalists of the HICAP Deal of the Year Awards 2020

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The organizers of the annual Hotel Investment
Conference Asia Pacific have unveiled the finalists of the HICAP
Deal of the Year Awards in the categories of Reggie Shiu
Development of the Year, Single Asset Transaction of the Year, and
Merger & Acquisition of the Year.

The awards will be presented at the 31st
HICAP which will be held virtually on 21-23 October 2020.

Finalists for the Reggie Shiu
Development of the Year Award 2020

Ace Hotel Kyoto, Japan

This 213-room
LEED Silver certified hotel opened in June 2020 and brings new
life to a beautiful 100-year old brick building, becoming a new
gathering place for locals and travelers alike. Through a
central courtyard, the brick building converses and creates a new
harmony with a wooden grid system reminiscent of traditional
Kyoto. Discovered stones from the grounds of a former Heian era
residence upon which the hotel is built were salvaged and resurrected as a waterfall in a beautiful rooftop garden facing
the hotel’s main restaurant.

* Owner: NTT Urban Development
Corporation
* Operator: Ace Hotel Group
* Architecture:
Kengo Kuma and Associates
* Designers: Commune Design, Irie
Miyake Architects
* Development Cost: Undisclosed


The
Ritz-Carlton Nikko, Japan
(pictured)

The hotel is set within the beautiful
Nikko National Park, an UNESCO World Heritage Site. Taking
inspiration from its picturesque surroundings, its design
narrative unites the grace of Japanese aesthetics with the Nikko’s
beauty. The property has 94 spacious rooms, all featuring engawas
(veranda lounge areas) inspired by traditional Japanese
residential design. This space functions flexibly as an extension
of the balcony or as part of the indoors, expanding the room and
guests’ experience of the magnificent surroundings. The
hotel
opened in July 2020
and features an authentic therapeutic
experience in the Japanese onsen tradition, with spacious indoor
and open-air hot spring baths filled with thermal waters drawn
from the springs of the nearby Yumoto Onsen.

* Owner: Tobu
Railway Co., Ltd.
* Operator: Marriott International
*
Architecture: Nikken Sekkei Ltd
* Designers: Layan Architects +
Designers
* Development Cost: Undisclosed

Rosewood
Guangzhou, China

Opened in September 2019, Rosewood Guangzhou’s
251 rooms and 355 serviced apartments occupy floors 69 through 108
of the 530-meter CTF Finance Centre. Interiors
showcase an extensive collection of contemporary Chinese art,
whilst seven terraces with landscaped lawns and gardens throughout the
hotel enable guests to feel connected with the environment, even
in its urban setting. Inspired by ancient Chinese craftsmanship,
the building is clad in terracotta, which is cooling,
self-cleaning, corrosion-resistant and sustainably produced and shipped. The hotel is first to be 5G enabled; features the world’s
fastest elevators, with air-pressure technology to minimize ear
discomfort; and uses the electric NIO SUV as its house car.

* Owner: Chow Tai Fook
* Developer: New World China Land
* Operator: Rosewood Hotel Group
* Architecture: Kohn Pederson
Fox
* Designers: Yabu Pushelberg (hotel), Perception Design HK
(serviced apartments), Super Potato (select F&B), P Landscape Co.,
Ltd. (landscape)
* Development Cost: Undisclosed

Finalists for the Single Asset
Transaction of the Year Award 2020

Andaz Singapore, Singapore

In November 2019, the iconic
Andaz Singapore was acquired by Hoi Hup Realty Pte Ltd from M+S
Pte Ltd for SGD 475 Million. The transaction represents the
largest single hotel transaction ever in Singapore. Originating
from the historic land-swap deal between the Singaporean and
Malaysian government, the hotel formed part of the landmark
mixed-use development, DUO. Underpinned by its historic legacy and
rarity of a full-service luxury hotel offering in Singapore, the
acquisition of the Andaz fulfilled the buyer’s strategy for
acquiring a core, trophy real estate investment for their
expanding hotel portfolio.

Hilton Odawara Resort & Spa,
Japan

The seller, Hilton, sold its very last owned hotel asset,
a 163-key Hilton Odawara Resort & Spa, on 2 September 2019, which
coincided with the company’s 100th anniversary year to Mori Trust
Hotel REIT alongside its sponsor company Mori Trust, a developer
and a long-term holder/operator. The transaction is a sign of
further development in the already blossoming relationship between
Mori Trust group and Hilton, nurtured through their work on the
Conrad Tokyo and the Okinawa Sesoko Project. The HGV development
permit complexity and the unique transaction structure were unique
challenges during the transaction.

Oakwood Premier OUE
Singapore, Singapore

Located in Singapore’s Central Business
District, Oakwood Premier OUE Singapore forms part of the OUE
Downtown mixed-use development and comprises 268 hotel rooms and serviced apartments. Following a highly bespoke
and confidential marketing campaign, the Oakwood Premier was
transacted in November 2019 by OUE Limited to a joint venture
between AMTD Group and Dorsett Hospitality for SGD 289 Million,
which represents approximately SGD 1.1 million per key.

Finalists for the Merger & Acquisition of the Year Award
2020

Asset World Corporation Acquisition from TCC

On 10 October
2019, Asset World Corporation (AWC) was acquired for approximately
192 Billion Baht (US$5.8 Billion) from TCC and included 16 hotels,
7 retail, and 4 office towers. The hotel portfolio comprises
approx. 60% of the total assets of AWC.

KSL Capital
Partners Investment in Soneva

On 15 November 2019, an affiliate of
KSL Capital Partners acquired a significant minority stake in Soneva, one of the world’s leading luxury resort developers and
operators. Soneva operates a collection of luxury resorts in the
Maldives (Soneva Fushi and Soneva Jani) and Thailand (Soneva Kiri).
The investment from KSL Capital Partners includes capital to
buyout the minority stake of Sailing Capital and funds to support Soneva’s short-term and long-term development goals. The
transaction establishes a partnership between Sonu Shivdasani
(Founder and CEO), a pioneer of the ultra-luxury island resort
characterized by intelligent luxury and KSL Capital Partners, a
private equity firm focused solely on the travel and leisure
industry with a track record of raising over US$13 Billion of
capital and executing over 40 investments globally over nearly 30
years.

New Zealand Hotel Holdings Asset LP
Acquisition of
Various Hotel Owning Entities in New Zealand

This NZ$250 Million
acquisition by New Zealand Hotel Holdings Asset LP is the single
largest off market hotel transaction in New Zealand’s recent
history. The transaction closed in April 2020 and involved a
divestment in the entity owning the 255 room Four Points by
Sheraton Auckland, the 168-room Adina Apartment Hotel Auckland and
the 263-room BreakFree on Cashel, Christchurch. The acquisition
also includes the opportunity to secure the QT hotel in Auckland
(currently under construction) which will take the wider
transaction value to more than NZ$300 Million.

The Sustainable Hotel Awards are also presented at
HICAP, recognizing hotels in the Asia Pacific region demonstrating
exemplary sustainable best practices.

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