2019 Deal of the Year Award Winners

Published September 2019

The organizers of the Hotel Investment Conference Europe (Hot.E) 2019, announced the winners of the Hot.E Deal of the Year Awards in the categories of Merger & Acquisition/Portfolio of the Year and Transaction of the Year. The awards were presented at Hot.E on 24 September 2019, at the Hilton London Bankside.

 

The Westin Paris in Vendôme, Paris, France was named Transaction of the Year. The Westin Paris - Vendôme is an iconic asset representing an entire block in Paris’ 1st arrondissement, one of the City’s most prestigious locations, opposite the Louvre Museum. The 4-star Westin, one of Paris’ largest hotels, comprises 428-guestrooms, extensive meeting space, a fitness centre, a spa, and multiple retail units. Henderson Park acquired the asset in October 2018 from GIC, having identified the unique opportunity to achieve vacant possession of a landmark property and undertake a repositioning programme to unlock its full potential. This acquisition marked one of the largest single asset European hotel transactions in recent history. Finalists in this category also included the Beaumont in London, UK, and Villa Magna in Madrid, Spain.

 

NH Hotel Group acquisition by Minor International was named Merger & Acquisition/Portfolio of the Year. In October 2018, Minor International PCL (MINT), a company with no size advantage, won NH Hotel Group, S.A. (NH Hotels) 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 MINT’s 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 offensive/defensive campaigns through tender announcement, forward purchase public announcement and target engagement. Finalists in this category also included Grange Hotel Portfolio Sale to Queensgate Investments, and K+K Portfolio Sale to Interglobe.

 

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. Carine Bonnejean of Christie & Co chaired the Merger & Acquisition/Portfolio of the Year Award committee, and Jules J.C.M. van Gaalen of Colliers International chaired the Transaction of the Year Award committee. The two committees are 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 Hot.E Deal of the Year Awards, visit the Hot.E website.