Hong Kong - The winners of the Reggie Shiu Development of the Year and Single Asset Transaction of the Year Awards were announced today at the 24th annual Hotel Investment Conference Asia Pacific (HICAP), being held at the InterContinental Hong Kong.  HICAP is hosted by BHN, Horwath HTL, and Stiles Capital Events.
 
The winner of the Reggie Shiu Development of the Year Award was Parkroyal on Pickering, Singapore.  Owned and operated by Pan Pacific Hotels Group, this 363-room green gem opened in January 2013 at a cost of USD280 Million.  Designed inside and out by WOHA Architects, this is a standout property.  This "Hotel in a Garden" is a refreshing addition to the Singapore CBD skyline, featuring 15,000 sqm of lush 4-storey sky gardens, mixing reflective pools, waterfalls, planters and vertical greenery.  This unique urban oasis incorporates an array of sustainable design features, including savvy use of solar power, rain harvesting and other conservation and recycling systems to manage utilities consumption.  Adding in clever, quirky and efficient design of rooms and public areas, the hotel has performed strongly since opening as a striking and distinguished product in a crowded and competitive market.
 
The winner of the Single Asset Transaction of the Year Award was the Four Seasons Sydney, Sydney, Australia.  In August 2013, the Korean funds manager, Mirae Asset Global Investments made its first move into the Australian hotel market with the purchase of the irreplaceable Four Seasons Hotel Sydney at a record Australian price of A$340 million or A$640,000 per key.  The seller, Eureka Funds Management, succeeded in working with Four Seasons to double operating profits since acquiring the asset in 2009 and crystalizing strong returns on their earlier purchase.
 
For additional information on HICAP visit the website.

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About HICAP
HICAP is Asia's largest and longest running hotel investment event, making it the most important gathering of hotel developers, investors, lenders, operators, and other industry executives for information exchange, trend spotting, and deal making.  The 23rd annual HICAP held in October 2012 in Hong Kong attracted nearly 800 delegates from around the world.
 
About BHN
With more than two decades of experience, more than 100 events completed to-date, and nearly 80,000 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; the ALIS Summer Update; the Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; the Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; the Hotel Investment Forum India (HIFI) in Gurgaon Delhi N.C.R.; the Hotel Opportunities Latin America (HOLA) conference in Miami; and the 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.
 
About Horwath HTL
Horwath HTL is the world's largest hotel industry specialized consulting organization, currently with 50 offices in 39 countries. Since the set-up of Asia Pacific operations in 1987, Horwath HTL - Asia Pacific has been involved with over 2,000 projects throughout the region in all phases of the property lifecycle for clients ranging from individually owned businesses to the world's most prominent hotel companies, developers, lenders, investors, and industrial corporations. Horwath HTL currently operates out of regional offices in Tokyo, Beijing, Shanghai, Hong Kong, Singapore, Jakarta, Kuala Lumpur, Mumbai, Sydney, and Auckland. www.HorwathHTL.Asia
 
About Stiles Capital Events LLC (SCE)
Stiles Capital Events LLC (SCE) - Event management, communications and marketing in the publishing, entertainment and hospitality industries since 1990. The SCE team has been associated with the development and organization of the Hotel Investment Conference Asia Pacific (HICAP) since its inception and the subsequent launch of HICAP UPDATE. SCE is based in the San Francisco Bay Area.

Contact:

Bob Hayes, BHN
+1.714.540.9300 (telephone-USA)
bhayes@burba.com