HVS announces Finalists for the HICSA 2010 'Hotels of the Year Awards'
The awards shall be conferred upon four categories this year
Tweet-- Hospitality Valuation Services (HVS), a fully integrated consulting firm focusing exclusively on the hotel industry and providing a wide range of services to hotel owners, lenders and operators throughout the world is pleased to announce the list of hotels that are final contenders for the 'Hotels of the Year Awards' title this year at HICSA 2010 on April 7-8, 2010. 39 Hotels across four categories were nominated for the awards. This list of finalists was derived from a detailed point based analysis of each hotel's ranking across various criteria. An esteemed panel of judges arrived at 4 finalists each under the 'Luxury/ Upscale Segment' and the 'Mid-Market Segment' and 3 finalists each under the 'Budget/ Economy Segment' and the 'Serviced Apartments Segment.' The winners will be selected by the HICSA delegates via an online voting system. The 'Hotels of the Year Awards' voting shall commence from the first week of March 2010 and will continue till April 7th 2010. The winners will be announced on the second day of HICSA i.e. April 8, 2010 at the Grand Hyatt, Mumbai as part of the conference programme.
Speaking on the occasion, Manav Thadani, Managing Director, HVS India said, "In line with the trend of increased segmentation within the hospitality industry, this year 'Hotels of the Year Awards' decided to take a step forward and diversify the segments for which the awards can be conferred allowing various hotel brands to nominate their properties that were not applicable last year due to limited hotel segmentation resulting to an addition of two more segments this year: Best hotel in Luxury/ Upscale Segment, Best hotel in Mid-Market Segment, Best hotel in Economy/ Budget Segment and Best Serviced Apartments segment."
Finalists in Luxury/Upscale Segment -
- The Leela Kempinski, Gurgaon - Delhi (NCR)
- ITC Royal Gardenia, Bengaluru
- Trident, Bandra Kurla - Mumbai
- Vivanta by Taj, Panaji - Goa
Finalists in Mid-Market Segment-
- Citrus Hotel, Pimpri - Pune
- Courtyard by Marriott, Hinjewadi - Pune
- Hilton Garden Inn, Saket - New Delhi
- Royal Orchid Central, Pune
Finalists in Budget / Economy Segment-
- Grand Hometel, Malad - Mumbai
- Premier Inn, Bangalore - Whitefield
- Red Fox Hotel, Jaipur
Finalists in Serviced Apartments Segment-
- Mercure Homestead Residences, Bengaluru
- Oakwood Premier Prestige, Bangalore
- Oakwood Premier, Pune
Panel of Judges:
- Homi Aibara - Partner, Mahajan and Aibara
- Akshay Kulkarni - Executive Director - South Asia, Cushman & Wakefield Hospitality
- Manav Thadani - Managing Director, HVS India
- Ritu Kler - Managing Director, Total Integrated Design
- Nikhil Nath - Chief Executive Officer, Knowcross Solutions
- Navneet Bali - Chief Investment Officer, Duet India Hotels Ltd.
Notes to Editor
About HVS
HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980 by President and CEO Steve Rushmore, MAI, FRICS, CHA, the company offers a comprehensive scope of services and specialized industry expertise to help you enhance the economic returns and value of your hospitality assets.
Steve began his career in the 1970s as a consultant in the hospitality division of a prominent New York City real estate firm. Through that experience, Rushmore noted the limited body of knowledge available to assess the value of hotels and motels, taking into consideration both the business and real estate components. Rushmore's first book, The Valuation of Hotels and Motels, quickly became the definitive work on the subject, and soon after, HVS was born. The HVS method of providing an economic study and appraisal for hotels and motels immediately became, and continues to be, the industry standard.
Over the past three decades, HVS has expanded both its range of services and its geographical boundaries. The company's global reach, through a network of 30 offices staffed by 400 seasoned industry professionals, gives you access to an unparalleled range of complementary services for the hospitality industry:
Consulting & Valuation Convention, Sports & Entertainment Facilities
Investment Banking Interior Design
Asset Management & Advisory Sales & Marketing Services
Hotel Management Shared Ownership Services
Hotel Parking Consulting Golf Services
Executive Search Eco Services
Food & Beverage Services Risk Management
Gaming Services
Our clients include prominent hotel owners, lending institutions, international hotel companies, management entities, governmental agencies, and law and accounting firms from North America, Europe, Asia, Latin America, and the Caribbean. Our principals literally 'wrote the book' on hospitality consulting, authoring numerous authoritative texts and hundreds of articles. HVS principals are regarded as the leading professionals in their respective regions of the globe. We are client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost-efficient manner. HVS employees continue to be industry leaders, consistently generating a wide variety of articles, studies, and publications on all aspects of the hospitality industry.
HVS is the industry's primary source of hotel ownership data. Our 2,000+ assignments each year keep us at the forefront of trends and knowledge regarding information on financial operating results, management contracts, franchise agreements, compensation programs, financing structures, and transactions. With access to our industry intelligence and data, you will have the most timely information and the best tools available to make critical decisions about your hospitality assets.
For further information regarding our expertise and specifics about our services, please visit www.hvs.com.
About HICSA
To address the growing need for a uniform platform for industry participants to exchange ideas and discuss the future of the hospitality industry, HVS launched the annual Hotel Investment Conference South-Asia (HICSA) in 2005.
Today the conference is widely viewed by global industry leaders as the premier hospitality event for the South Asian region, valued for its networking opportunities and high-level contacts as much as for its content-rich sessions. HICSA over the last five years has witnessed unprecedented support and appreciation from the hospitality industry and attracted overwhelming participation from hotel owners, investors, operators, bankers and industry specialists who came together to share their best practices, new ideas and latest market trends.
