YTL Hotels Wins 'Deal Of The Year' at HICAP Hong Kong 2010

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. October 27, 2010

Singapore - 26 October 2010 - YTL Hotels won 'Merger & Acquisition Deal of the Year' at the 21st Hotel Investment Conference Asia-Pacific (HICAP) in Hong Kong on 15 October for the acquisition of Niseko Village, a premier ski destination in Hokkaido, Japan.

The award was voted by more than 700 attendees that included hotel investors, financiers, developers and top industry professionals in the Asia-Pacific region. YTL Hotels was among 10 entries which were shortlisted to three finalists including Four Points by Sheraton, Sydney and Ibis Singapore on Bencoolen.

The acquisition includes 461 hectares of freehold land from Citigroup Principal Investments for US$66million comprising the 506-room Hilton Niseko Village, the 200-room Green Leaf Niseko Village - which is currently undergoing an extensive transformation to open in December - and two 18-hole golf courses, one of which was designed by Arnold Palmer, as well as seven ski lifts and 15 ski trails, a 23-court tennis complex, the Niseko Village Snow School, several natural onsens and an all-season equestrian centre.

This is part of a global expansion plan in line with YTL Hotels' vision to bolster its global operations and enhance its existing collection of hotels and resorts. "Niseko Village presents a unique opportunity to develop a world-class ski resort destination in Asia along the lines of Vail in Colorado, Whistler in the British Columbia and sister city, St Moritz.," said James McBride, President, YTL Hotels. "Rarely are you able to start with a blank canvass of more than 1,000 acres of some of the most beautiful countryside in the world to re-energise a mountain resort community and transform Niseko Village into our vision of Asia's premier resort destination."

Other winners were Marina Bay Sands for the 'Reggie Shiu Development of the Year' Award and the 'HICAP Innovation of the Year' that was awarded to Sheldon G. Adelson, Chairman of the Board and Chief Executive Officer of Las Vegas ands Corp.

The 21st HICAP event attracted more than 700 delegates worldwide and was hosted by BHN, the worldwide leader in developing and organizing conferences for the hotel and tourism investment community; Horwath HTL, the world's largest hotel industry specialized consulting organization; and Stiles Capital Events.

About YTL Hotels
YTL Hotels is the hospitality arm of YTL Corporation Berhad. The Company owns and manages a prestigious award winning collection of individually unique resorts, hotels and spas including the world's no. 1 resort, Pangkor Laut. With their global expansion in 2010 in, Saint-Tropez, Niseko Village, Shanghai and Borneo, YTL brings a natural essence of culture, character and tradition to each destination embracing different luxurious experiences. For reservations and enquiries, please contact YTL Travel Centre at +603 2783 1000 or email: [email protected] or visit www.ytlhotels.com . For images of YTL Hotels and Resorts, please visit: www.ytlhotelspress.com .

About Niseko Village
Nestled at the south base of Mt. Miseko Annupuri, Niseko Village is Japan's premier year-round mountain resort. Often compared to other world-class ski resorts like Aspen in Colorado and Niseko's sister city St. Moritz in Switzerland, Niseko Village comprise of the Hilton Niseko Village, the Green Leaf Niseko Village - a YTL Lifestyle Resort, 2 resort golf courses including one designed by Arnold Palmer, and the Niseko Village skifield - known the world over for its low moisture powder snow, variety of ski terrain, world-class international ski-school and acclaimed Niseko Kids™ children's programs. Niseko Village is a member of YTL Hotels.