Mandarin Oriental Prague named new development of the year

07 March 2007 by
Mandarin Oriental Prague named new development of the year

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

More IHIF news

Hilton launches 10-year plan to open 1,000 European hotels >>

Companies can't afford to relax in boom times if they are to succeed >>

Starwood to build first Aloft hotel in Brussels >>
World economy to avoid full-blown global recession >>

Berlin hotel conference gets bigger again >>

Economist Roger Bootle predicts that world growth in wealth is good for the hotel industry >>

IHIF website >>

Other related news

Property investment firm buys Mandarin Oriental Prague >>

Mandarin Oriental hotel, Prague, Czech Republic >>

Four Seasons company profile >>

Hilton International company profile >>

IHIF website >>

By Emily Manson

E-mail your comments to Emily Manson]( Oriental Prague named new development of the year) here.

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