Past Winners

2018 HAMA Europe Asset Management Achievement Award presented to The Global Holdings at 2018 IHIF

The third annual IHIF HAMA Europe 2018 Asset Management Achievement Award was presented by Theodor Kubak, HAMA Europe Board Member (Senior Investment Manager at Union Investment) and Christian Youens, HAMA Europe Vice President (Principal at Cedar Capital Partners) to Billy Skelli-Cohen from Global Holdings at the 22st IHIF which took place in Berlin.

The Global Holdings Pullitzer Amsterdam project was submitted in the 2018 IHIF HAMA Europe Asset Management Achievement Award Re-positioning category and was voted winner of the category as well as the overall winner. The Pulltitzer Amsterdam project was focused on the renovation of the famous Pullitzer Amsterdam hotel including the renovation of the 25 independent 17th and 18th century canal houses, launch of new F&B outlets as well as the launch of the Pullitzer brand positioned as a unique independent hotel creating an authentic Amsterdam experience.
The award was presented to Billy Skelli-Cohen, Managing Director of Global Holdings, who said: “With the renovation and re-positioning of the new Pullitzer Amsterdam we achieved something unique in the world. We took all that was great already about this property and added the right elements to make it even better. We injected new life into historic buildings with a fantastic design, giving longevity for the next decades to come.”

In addition HAMA Europe has issued three further awards to recognize Sustainability, Value Add and Repositioning strategies within this area of the industry. The winners of these awards are:

IHIF HAMA Europe Value Add Strategy 2018
Art Invest Real Estate Management

The Le Méridien project was focused on the complete restructuring of a 300-guest rooms hotel in a prime location in Frankfurt. By effectively combining its real estate construction know-how with its expertise in the hotel business Art-Invest overcame legal risks arising from the acquisition out of insolvency by restructuring the operational framework together with Munich Hotel Partners as well as technical risks with regard to the building condition. Due to the owner’s insolvency and existing over-rent the property suffered from a significant maintenance backlog. About €12.0 million were invested in the refurbishment and modernization including the renovation of the guest rooms and bathrooms as well as the refurbishment including a complete restructuring of all public areas to improve operating efficiency. After completion of the business plan the asset was sold to First Sponsor Group from Singapore at the end of 2017.
The award was presented to Alexander Schöneich, Head of Hotel Asset Management and Erik Florvaag, Head of Hotel Acquisitions at Art-Invest who said: “The Le Méridien is a prime example for the successful implementation of a value add strategy by restructuring the operational model and by repositioning an old hotel through an extensive refurbishment program. In line with Art-Invest’s “Manage-to-Core” approach, we spotted the asset in a difficult owner situation, identified its potential and developed a strategy for value creation. After successful implementation of the defined strategy, the property was sold just 2.5 years after acquisition. With passion for hotel real estate and faith in the future of the hotel we created a hotel that not only meets the requirements of today’s traveller, but also the demands of international investors.”

IHIF HAMA Europe Sustainability Strategy 2018
Host Hotels & Resorts

The Sheraton Stockholm project focused on three main projects to make the property more energy efficient and sustainable. A new heat pump and cooling equipment were installed with the heat pump connected to the lake water circuit, allowing heat to be extracted and used in various heating systems. Not only is it more efficient, it is also more cost effective than purchasing heat from the city. Further energy savings from the recent installation of heat recovery coils in key systems, allow heat energy from exhaust ventilation to preheat outside air coming into the building. Finally, the replacement of original and inefficient air handling units will further reduce electricity costs. Other recent sustainability projects at the property include new switchgear, new low flow showerheads and faucets and revamped plumbing. In 2018, the initiatives helped reduce utility costs by 21.6% compared to a pre-installation 2016 baseline.
The award was presented to Christopher Ford, Senior Vice President Asset Management; Luc Boschmans, Vice President Asset Management; and John Valembois, Vice President of Design and Construction at Host Hotels & Resorts. Mr. Ford stated he was very proud of his team’s efforts and grateful for the recognition by HAMA and Questex. He went on to mention, “Sustainability has become a very important component of how projects are valued and Host Hotels & Resorts is on the leading front of this important initiative. Our senior management team has placed sustainability as a priority in our organization and we annually report results of these measures. Furthermore, our company is very fortunate to work with great partners in Europe: APG, GIC and Marriott International that support our environmental efforts.”

IHIF HAMA Europe Re-positioning Strategy 2018
The Global Holdings

The Pulltitzer Amsterdam project was focused on the renovation of the famous Pullitzer Amsterdam hotel including the renovation of the 25 independent 17th and 18th century canal houses, launch of new F&B outlets as well as the launch of the Pullitzer brand positioned as a unique independent hotel creating an authentic Amsterdam experience.

2017 HAMA Europe Asset Management Achievement Award presented to Pyramid Hotel Group at IHIF

BERLIN (March 7, 2017): The second annual HAMA Europe 2017 Asset Management Achievement Award has been presented to Chris Pfohl from Pyramid Hotel Group this afternoon at the 20th International Hotel Investment Forum (IHIF).

The award is co-sponsored by HAMA Europe and Questex Hospitality Group and recognises exemplary work in asset management initiatives for the hospitality industry. The award was created to recognise the best hotel project in class which has led the way in terms of providing innovative solutions and maximising the return on investment as well as growing the asset value on a particular asset located in Europe over a time period of the last 3 years.

The Pyramid Hotel Group project was focused on the acquisition, renovation and re-positioning of The Temple Bar Hotel in Dublin, Ireland. The Pyramid group leveraged all aspects of operational and real estate optimization techniques to maximize value and transform the property, repositioning it from a 3-star to a 4-star segment.

In addition, and new for 2017, HAMA Europe has launched three further awards to recognize Sustainability, Value Add and Repositioning strategies within this area of the industry. The winners of these awards are:

IHIF HAMA Europe Value Add Strategy 2017
Union Investment Real Estate GmbH

The project was focused on the Pullman Berlin Schweizerhof Hotel where Union Investment Real Estate GmbH changed the use of areas with the aim to increase EBITDA and also restructured the operational model, moving away from a direct lease contract to a tri-angle partnership balancing the interest of different parties and optimizing the asset value.

IHIF HAMA Europe Sustainability Strategy 2017
UBM Hotels Management GmbH

The project was focused on developing an Energy Monitoring System across a portfolio of 15 hotels aimed to save energy consumption on a long term basis.

IHIF HAMA Europe Re-positioning Strategy 2017
Pyramid Hotel Group

The project was focused on the acquisition, renovation and re-positioning of The Temple Bar Hotel in Dublin, Ireland.

Theodor Kubak, HAMA Europe President; Senior Investment Manager, Union Investment presented the awards and Kubak said: “All of this year’s submissions demonstrated world class hotel asset management skills. The winners displayed flawless execution of the core competencies of the hotel asset management profession as reflected in the HAMA Certified Hotel Asset Manager (CHAM) programme.”.

2016 HAMA Europe Asset Management Achievement Award presented to London & Regional at IHIF

BERLIN (March 8, 2016): The first annual HAMA Europe Asset Management Achievement Award has been presented to London & Regional for their work on the InterContinental Hotel, Dublin this morning at the International Hotel Investment Forum (IHIF). The award was collected by Henri Wilmes, VP Acquisitions Hotels on behalf of London & Regional.

The award is co-sponsored by HAMA Europe and Questex Hospitality Group and recognises exemplary work in asset management initiatives for the hospitality industry. The award was created to recognise the best hotel project in class which has led the way in terms of providing innovative solutions and maximising the return on investment as well as growing the asset value on a particular asset located in Europe over a time period of the last 2 years (2014-2015).

Theodor Kubak, HAMA Europe President; Senior Investment Manager, Union Investment and Cody Bradshaw, HAMA Europe Asset Management Achievement Award Jury Chairman; SVP Head of European Hotels, Starwood Capital presented the award and Kubak said: “Asset Management is a critical piece of the industry which often doesn’t get enough exposure. In creating this award, we hope to highlight the importance of Asset Management to the lifecycle of a hotel and the value it can deliver”.

Kerry Gumas, President and Chief Executive Officer, Questex said “although this was only the first year running this process, we were delighted to have seven strong finalists and see this award as an important part of the conference programme going forward. The role Asset Management plays in creating a strong base for the investment stage of the hotel cannot be underestimated. We look forward to developing this relationship into future years”.