Finalists Selected for 2007 Deal of the Year Awards

Awards to be Presented at the International Hotel Investment Forum in Berlin, Germany

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. October 14, 2008

BERLIN, Germany, February 21, 2007. Hosts of the 10th International Hotel Investment Forum (IHIF) have announced the finalists for the prestigious Deal of the Year Awards. The Deal of the Year Awards will be presented 7 March 2007 at the InterContinental Hotel in Berlin, Germany, in the categories of Single Asset, New Development, and Portfolio.

Finalists in the Single Asset category are:

---| Statuto Group's purchase of the 118 room Four Seasons Milan (Italy) from Quinlan Private for a reported price of EUR220 million,

---| Hyatt International's and JER Partners's purchase of the 267 room Great Eastern Hotel (London, UK) from Blackstone and Conran Holdings for lb150 million, and

---| Strategic Hotels and Resorts' purchase of the 236 room Marriott London Grosvenor Square (UK) from Blackstone for a reported ?103 million.

Finalists in the New Development category are:

---| 279 room Hilton Manchester Deansgate (UK), developed by the Beetham Organisation at a cost of lb50million;

---| 99 room Mandarin Oriental, Prague (Czech Republic), developed by a private equity fund at a cost of EUR50 million and acquired after opening by a newly formed joint venture between Cedar Capital Partners and Morgan Stanley; and

---| 205 room The Hoxton Hotel (London, UK), developed by Willow Street Hotel Ltd. at a cost of ?18 million.

Finalists in the Portfolio category are:

---| Hilton Hotels Corporation's acquisition of Hilton International Co. for approximately lb3.3 billion in cash,

---| Morgan Stanley Real Estate Fund's (MSREF) acquisition of seven European ---| InterContinental Hotels Group properties for lb440million, and

---| The Royal Bank of Scotland's acquisition of the Marriott Joint Venture properties from Whitbread and Marriott International for lb951million.

Regarding the Deal of the Year Awards, IHIF co-host Jim Burba, president of Burba Hotel Network said, "The year 2006 was a very active one for 'deals' in Europe, and this is reflected in both the quantity and quality of all the candidates from which the finalists were selected by the nominating committee."

About the hosts:

Questex Media Group, Inc. is a global, diversified business-to-business integrated media provider, headquartered in Newton, MA.

Burba Hotel Network (BHN) brings together more than two decades of experience in developing and organizing the world's most prominent gatherings of the hotel and tourism investment community, including the Americas Lodging Investment Summit (ALIS) in Los Angeles, the International Hotel Investment Forum (IHIF) in Berlin, the annual Caribbean Hotel and Tourism Investment Conference (CHTIC), the Hotel Investment Conference Asia Pacific (HICAP) held in Hong Kong, and the Bolsa Mexicana de Inversion Turistica (BMIT) in Mexico City.