Winners of Reggie Shiu Development and Single Asset Transaction of the Year

The winners of the Reggie Shiu Development of the Year and Single Asset Transaction of the Year were announced at the Hotel Investment Conference Asia Pacific (HICAP) last week in Hong Kong.

The winner of the Reggie Shiu Development of the Year Award 2016 is Hoshinoya Tokyo, Japan.

Tokyo's first luxury ryokan (a Japanese style hotel) is distinguished by its kimono motif facade.

Guests enter through three-meter tall solid hiba doors, remove their shoes before stepping onto the tatami floor and are guided to elevators opening with the sound of hyōshigi.

Each floor has six guestrooms with furniture custom-made by Japanese craftsmen, and features a serviced Ochanoma lounge with working and dining areas, and relaxing oversized sofas.

On the top floor, a natural hot spring - a first in central Tokyo - offers indoor and outdoor baths.

Main dining serves nouvelle ryokan cuisine by Executive Chef Noriyuki Hamada, Bronze medalist at the 2013 Bocuse d'Or world chef championship. 

Finalists in this category also included Alila Solo, Indonesia, and the Nai Harn, Phuket, Thailand.

The winner of the Single Asset Transaction of the Year Award 2016 is the InterContinental Hong Kong.

In September 2015, the iconic InterContinental Hong Kong was acquired by Supreme Key Limited (a consortium of investors managed by Gaw Capital) from InterContinental Hotels Group (IHG) for US$938 million.

The transaction represents the largest single hotel transaction ever in Asia Pacific and the second largest globally. The sale also represents the highest ever price per key paid for a single asset in Asia.

The sale is the most significant trophy hotel to have transacted in the Hong Kong market in over a decade, underpinning the rarity of this trophy transaction.

Finalists in this category also included the Hotel Grand Pacific Le Daiba, Tokyo, Japan and Surfers Paradise Marriott Resort & Spa, Queensland Australia.

See also: Sustainable Hotels and MICE Interview with Grace Kang of Greenview Hospitality.

See other recent news regarding: HICAP, Tokyo, Japan