21 Jan 2015
January 21, 2015

Deal of the Year Awards

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Costa Mesa, California, USA – The hosts of Hotel Investment Forum India (HIFI) have announced the winners of the Deal of the Year awards in the categories of Budget/Mid-Priced, Upper Mid-Scale/First Class, and Upscale/Luxury.  The awards were presented at Hotel Investment Forum India (HIFI) on 15 January 2015, at the Leela Ambience Gurgaon Hotel and Residences, Delhi (N.C.R.), India.  HIFI is hosted by Burba Hotel Network (BHN) and Horwath HTL.

In the category of Budget and Mid-Priced, the winner is Holiday Inn Express, Mahindra World City Chennai, with 140 keys, developed at a total cost of INR 545 mn (at a cost per room of INR 3.27 mn excluding cost of land and IDC), owned by Duet India Hotels and InterContinental Hotels Group, and operated by InterContinental Hotels Group.  Finalists in this category also included Hilton Garden Inn Trivandrum and Red Fox Hotel, Delhi Airport, New Delhi.

In the category of Upper Mid-Scale and First Class, the winner is Novotel Kolkata Hotel and Residences, Kolkata-West Bengal, with 347 keys, developed at a total cost of INR 3,550 mn (at a cost per room of INR 10.2 mn including cost of land and interest during construction), owned by SPPL Hotels Pvt Ltd and managed by Accor. Finalists in this category also included Holiday Inn Jaipur City Centre and Lemon Tree Premier, Delhi Airport, New Delhi.

In the category of Upscale and Luxury, the winner is JW Marriott Mussoorie Walnut Grove Resort & Spa, with 115 keys was developed at a total project cost of INR 1,500 mn (at a per room cost of INR 10.5 mn excluding cost of land and IDC), developed and owned by Competent Group of Companies, and managed by Marriott International. Finalists in this category also included Hilton Bangalore Embassy Golf Links and Radisson Blu Hotel Guwahati.

Mr. Anupam Narayan chaired the committee comprised of hotel industry leaders who nominated, reviewed, and selected the finalists.  Information about the finalists was then sent to HIFI delegates for voting, and the winners were selected.

HIFI is India’s most important hotel investment conference.  It is the annual meeting place for the leaders in the Indian hotel and tourism industry to discuss important trends, network, identify new opportunities, and do deals through a combination of plenary sessions, breakout panels, and interactive workshops.

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About BHN

BHN is the worldwide leader in developing and organizing conferences for the hotel and tourism investment community. With almost three decades of experience, nearly 120 events completed to-date, and over 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; ALIS Law in Los Angeles; ALIS Summer Update; Alternative Ownership Conference Asia Pacific (AOCAP) in Singapore; Caribbean Hotel & Resort Investment Summit (CHRIS) in Miami; Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong; HICAP UPDATE in Singapore; Hotel Investment Forum India (HIFI) in Gurgaon Delhi N.C.R.; Hotel Opportunities Latin America (HOLA) conference in Miami; and Hotel Investment Conference Europe (Hot.E) in London. The BHN website at www.Burba.com 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 (Hotels Tourism and Leisure) is the world’s largest and most experienced Hotel, tourism and leisure-consulting brand, with over 50 offices in 39 countries. Horwath HTL provides unequalled expertise for clients around the world, always providing the highest level of service to our clients. Over the last 25 years, Horwath HTL has gained extensive market knowledge through involvement in thousands of projects. Company structures Horwath HTL is a member of Crowe Horwath International, a professional association of accounting and management consulting firms founded in New York in 1915. Crowe Horwath International is currently ranked among the top ten international professional service groups with offices in close to 586 cities in 108 countries.