Finalists have been announced for the Merger & Acquisition Deal of the Year, Reggie Shiu Development of the Year, and Single Asset Transaction of the Year Awards, to be presented at the 23rd annual Hotel Investment Conference Asia Pacific (HICAP), scheduled for 10-12 October 2012, at the InterContinental Hong Kong.  HICAP is hosted by BHN, Horwath HTL, and Stiles Capital Events.
 
Finalists for the HICAP Merger & Acquisition Deal of the Year Award are:

• Accor/Ascendas Acquisition of Mirvac Hotel Interests - In 2012, Accor acquired the management company, Mirvac Hotels & Resorts which manages 48 hotels and owns two of them, for €149 million.  Furthermore, a consortium including Ascendas and Accor completed the acquisition of a 49.2% stake in the Mirvac Wholesale Hotel Fund (MWHF) comprising seven hotels.  Ascendas will act as the manager of the fund, which has been rebranded as Ascendas Australia Hospitality Fund (A-HTRUST).

• Pegasus Capital Acquisition of Six Senses Resorts & Spas - In June of this year, Pegasus Capital Advisors L.P., a US-based private equity fund manager, acquired the Bangkok-based ultra-luxury resort and spa management business of Six Senses Resorts & Spas for an undisclosed sum.

• RECAP Acquisition and Consolidation of JHR REIT - In November 2011, RECAP acquired a controlling interest (100% of the REIT manager and 22.1% of the REIT shares) in Japan Hotel REIT Investment Corp, a Tokyo Stock Exchange-listed REIT with 9 hotel assets (2,532 rooms) from Goldman Sachs.  Subsequent to this acquisition, RECAP merged this REIT with its other hotel-focused REIT in Japan (Nippon Hotel Fund) to create the only hotel-focused REIT on the TSE with over 5,000 rooms and US$1.9 billion of asset value.

• Starhill Reit Purchase of Three Marriott Hotels in Australia - Malaysia’s Starhill Real Estate Investment Trust acquired the Sydney Harbour Marriott Hotel, the Brisbane Marriott Hotel and the Melbourne Marriott Hotel in Australia from Commonwealth Managed Investments Limited for a total purchase consideration of A$415 million in mid-2012.

Finalists for the Reggie Shiu Development of the Year Award are:

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