The Mandarin Oriental in Prague, formerly a 14th century monastery, was named the new development of the year at the International Hotel Investment Forum in Berlin today.
The Deal of the Year Awards, presented on the first morning of the conference, saw the portfolio deal of the year go to Hilton Hotels Corporation’s acquisition of its UK sister group Hilton International at the end of 2006, for £3.3b.
The single asset deal was awarded to the Four Seasons in Milan, sold by Quinlan Private to Italian developer, the Statuto Group for more than £139m – a world record in terms of value per bedroom.
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By Emily Manson
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