Friday, May 25, 2018

HotelsWorld has been newly acquired

Northstar Travel Group has announced that it has acquired HotelsWorld, a suite of hotel industry events for senior hotel executives in Australia and New Zealand.

HotelsWorld comprises four consecutive events held over three days in Sydney, Australia each July and attracts over 500 industry CEOs and other senior executives involved in the operation and ownership of hotels, resorts, serviced apartments and alternative forms of guest accommodation in the region. HotelsWorld is being sold by Hotels World Australia Pty Ltd., founded and owned by John Smith.
In May 2017, Northstar also acquired the portfolio of events comprising the Burba Hotel Network (BHN), a global producer of hotel investment conferences.
The HotelsWorld event will be operated in conjunction with Northstar’s other hospitality focused events including ALIS, The Americas Lodging Investment Summit, which is the world’s largest hotel investment conference; HICAP, Hotel Investment Conference Asia Pacific in Hong Kong, which is the largest hotel investment conference in Asia and one of the longest continuously running hotel investment conferences in the world; HICAP Update in Singapore; AOCAP, the Alternative Ownership Conference – Asia Pacific in Singapore; HIFI Hotel Investment Forum India in Mumbai; CHRIS, the Caribbean Hotel and Resort Investment Summit in Miami; HOLA, the Hotel Opportunities Latin America conference in Miami;
and Hot.E, the Hotel Investment Conference Europe in London. Northstar and BHN will be able to leverage their databases, relationships, media properties and domain expertise to help grow HotelsWorld further.
John Smith will continue to be involved in the organisation and delivery of HotelsWorld under Northstar’s ownership. Australian legal firm Ashurst has co-hosted HotelsWorld since its inception and will continue to co-host the event in conjunction with BHN.
“Northstar’s ownership of HotelsWorld is an exciting development in the growth of the event and is a further indication of the growing importance of hotels and hospitality in this region” said John Smith.
“I am confident that its involvement will build on the momentum we have created and will take HotelsWorld to the next level.”
“We believe that the addition of HotelsWorld to BHN’s portfolio of global hotel investment conferences is an important step in building out the global leadership of BHN within the hotel investment industry,” said Tom Kemp, chairman and CEO of Northstar Travel Group.
“The underlying growth of the Australian and New Zealand hotel, travel and tourism business is a strong driver in making this strategic
investment.”
Jim Burba, founder and president of BHN added: “We have enjoyed a long-standing relationship with John and have great respect for his leadership position in Australia and New Zealand hotel investment community. The synergies between our existing portfolio of events in Asia and HotelsWorld are potentially enormous, and in combining efforts we’ll finally be able to shine a proper spotlight on the opportunities in Australia and the Pacific.”

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