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European Hotel Finance & Investment Summit

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European Hotel Finance & Investment Summit receive pre-conference All attendees presents the participant list 5th Annual European Hotel Finance & Investment Summit 28th and 29th September 2005 • Sofitel St James, London Including the separately bookable Limited Service Hotels Briefing Day 30th September 2005 • Sofitel St James, London Outstanding speaker panel including: ■ Grant Hearn, CEO, Travelodge ■ Robert Cook, Chief Executive, ■ Michael Flaxman, Managing Director, Malmaison Hotels & Hotel du Vin Hotels Accor Hotels, Northern, ■ Philippe Baretaud, Development Director, Central & Eastern Europe Accor UK & Ireland ■ Jeremy Richardson, Managing Director, ■ Amar Lalvani, Vice President, Kew Green Hotels Development W Hotels, EAME, ■ Simon Allison, Managing Director, Starwood Hotels & Resorts Worldwide, Inc Finance and Development, ■ David Stein, Chairman, The Stein Group Six Senses Hotels and Resorts ■ Russell Kett, Managing Director, ■ Gill Baker, Sales & Marketing Director, HVS International Premier Travel Inn ■ Robert Shepherd, VP Operations Support, ■ Graham Snell, Managing Director, Development & Franchising, Capital Hotels Express by Holiday Inn ■ Lloyd Lee, Director, ■ Richard Arman, Franchise Development Starwood Capital Europe Director, Choice Hotels Europe ■ Jochen Schaefer-Suren, Senior Vice ■ Edward Teather, European Economist, President, Head of Hotel and Leisure, UBS Investment Research Invesco Real Estate Advisors ■ Cris Tarrant, Managing Director, BDRC ■ Rod Taylor, National & European Hotels ■ Gareth Gaston, Director of Online Retailing Team Leader, Barclays Bank PLC & Marketing, Hilton International ■ James Struthers, Chief Financial Officer, Orient Express Hotels Ltd Sponsored by: Supported by: www.euromoneyplc.com “A wide range of vie presents the and information appealing to all sect 5th Annual European Hotel of the industry” Finance & Investment Summit 28th and 29th September 2005 • Sofitel St James, London CONFERENC CONFERENCE DAY ONE - Moderator: 15.55 Afternoon tea and networking break Simon Allison, 28th September 2005 Managing Director, 16.25 Current equity market trends: Finance and Development, Equity analyst insight 08.30 Registration and morning coffee Six Senses Hotels and Resorts Anna Barnfather, 09.00 Chairman’s welcome and Panellists: Managing Director, European Hotels opening address Chris Eddis, & Gaming Equity Research, Managing Director, Bear Stearns International Ltd Andrew Sangster, Mornington Capital Ltd Editor, Graham Snell, 17.05 Panel: Where are the Hotel Analyst Managing Director, investment opportunities and who is exploiting them? 09.10 The economic outlook Capital Hotels ■ and impact Michael Flaxman, New sources of capital coming into ■ Managing Director, the sector The state of the European economy ■ Offshore investment ■ Microeconomic developments Accor Hotels, Northern, Central & Eastern Europe Moderator: ■ Relating the macroeconomic issues to Russell Kett, the business environment Geoff S. Parkinson, Managing Director, ■ A look at the current interest rate Managing Director, HVS International environment and where it is going Hotel Investment Advisors Panellists: Edward Teather, Joseph Fischer, Lloyd Lee, European Economist, Managing Director, Director, UBS Investment Research Marketing Vision, International Starwood Capital Europe Hotel Consulting 09.50 Performance perspective Ramsey Mankarious, ■ Performance analysis and 12.35 Lunch CEO, future forecasting Cedar Capital Partners ■ Key drivers 13.55 Supply profile - key drivers ■ Where is the market going? ■ The changing nature of supply in Europe 17.50 Chairman’s closing remarks ■ Profitability of the sector ■ Liquidity - impact on supply profile 18.00 Close of day one followed by drinks Jonathan Langston, ■ Capital lease exposure reception hosted by: Managing Director, Paul Slattery, Sofitel St James TRI Hospitality Consulting Director, Otus & Co 10.30 Morning coffee and networking break 14.35 Hotel investment in Italy 11.10 Key legal developments CONFERENCE DAY TWO - ■ Market Overview ■ Where are we with UK REITs? ■ Trends 29th September 2005 ■ Lessons from different markets ■ Opportunities ■ Alternative vehicles 08.30 Registration and morning coffee Nicholas Bennett, ■ Likely shape of hotel REIT Managing Director, 09.00 Chairman’s welcome and Mark Nichols, REAG - Real Estate opening address Tax Partner, Advisory Group CMS Cameron McKenna Melvin Gold, 15.15 The deal environment Hotel Industry Consultant, 11.50 Panel: The owner/manager ■ With rising loan to value ratios, is this a Melvin Gold Consulting Ltd relationship sign people are lending too much? ■ 09.10 How well is this working? ■ Does the weight of money chasing The latest transactions and ■ What are the real issues facing owners deals mean people are paying acquisitions - lessons to learn and operators? too much? ■ Is the volume of transactions set to ■ What responsibility do management ■ Is the market peaking too early? keep rising? companies have to hotel owners? ■ Who is acquiring what assets in ■ Philip Johnston, Asset management and the impact Head of Hotels, Europe and why on owners and investors Savills Commercial Limited © Euromoney Seminars 2005 • The programme may change due to unforeseen circumstances, Euromoney Seminars reserves the right to alter the venue and/or speakers etwork with your colleagues across the industry. • Best Western International • Blackstone Group ws NRepresentatives from the following companies • Caterer & Hotelkeeper • Chesterton International have attended the event in previous years: • Choice Hotels Europe • CMS Cameron McKenna ors • Aareal Bank AG • ABN Amro • Accor Hotellerie • Connaught International • Creasent Capital Deutschland • Accor UK Ltd • Aconflag Limited Investment Europe Ltd • Credit Lyonnais • Allied Irish Bank • Areen Design Services Ltd • Douglas Wignall & Company • Dunedin Capital • Bank of Scotland Corporate Banking Partners Ltd • ELAF Group • Ernst & Young • Barcelo Hotels and Resorts • Barclays Bank Plc • Erste Bank • Etap and Formule 1 • European Hotel • BDRC • Bear Stearns International Limited Capital • Express Central and Eastern Europe • Globetrotter Inns Holdings Ltd • Golden Tulip (UK) Ltd CE AGENDA ■ Who is acquiring assets worldwide Panellists: ■ Beyond the marketing hype are we still and why Gareth Gaston, in love with them? ■ What structures are being used Director of Online Retailing ■ Do they really make money and who is for deals? & Marketing, Hilton International investing in them? ■ The next generation - players Mark Wynne Smith, Andrew Pozniak, and products European CEO, Director E-Commerce Worldwide, ■ Chain lifestyle hotels - oxymoron Jones Lang LaSalle Hotels Le Meridien or opportunity? ■ 09.50 Panel: Debt and equity the 12.30 Lunch What does the future hold - does impact of changing structures the consumer slowdown herald a lifestyle slowdown? ■ What transactions are taking place? 13.45 The emergence of mixed-use - ■ Expected returns how big are the opportunities? Robert Milburn, UK Leader ■ for Hospitality & Leisure, Stretching the boundaries of debt: role Gerard Nolan, of mezzanine PricewaterhouseCoopers Director Hotels and Leisure, Moderator: Savills Commercial Limited 16.10 Panel: Luxury, niche and Chris Eddis, boutique hotels - positioning Managing Director, 14.25 Panel: Banks and operators - for profit Mornington Capital Ltd a harmonious relationship? ■ The development of niche hotels ■ Panellists: What do the operators want? ■ Branding ■ Jochen Schaefer-Suren, What do the bankers provide? ■ Franchising ■ Senior Vice President, What happens when things go wrong ■ Can you have a branded boutique hotel? Head of Hotel and Leisure, in what is a cyclical industry? ■ ■ The big players doing the boutique Invesco Real Estate Advisors International or domestic - how do thing - can they pull this off? Peter Anscomb, needs and benefits of banks and ■ Luxury: a fast growing market, luxury Corporate Director, Leisure and Head operators differ? resorts, luxury spas of Hotel Finance, Corporate Banking, Moderator: ■ Is it a new trend? Bank of Scotland Rod Taylor, National & European Moderator: Hotels Team Leader, Robert Milburn, 10.35 Morning coffee and networking break Barclays Bank PLC UK Leader for Hospitality & Leisure, 11.05 Profiting from brand management Panellists: PricewaterhouseCoopers Peter Tyrie, ■ How to successfully manage your brand Panellists: ■ Managing Director, Simon Allison, How do the non-traditional investors The Eton Group choose which brand to put on the asset? Managing Director, ■ How do you decide which brand to put Tom Hawley, Finance and Development, on your hotel? Associate Director Joint Ventures, Six Senses Hotels and Resorts Bank of Scotland Cris Tarrant, Robert Cook, Managing Director, James Struthers, Chief Executive, BDRC Chief Financial Officer, Malmaison Hotels & Orient Express Hotels Ltd Hotel du Vin Hotels 11.45 Panel: Increasing efficiencies Amar Lalvani, and the rising cost of technology Tim Helliwell, Relationship Director, Barclays Bank PLC Vice President, Development W Hotels, ■ Distribution channels for reservations EAME, Starwood Hotels & Resorts ■ How will reservations be made in 15.10 Afternoon tea and networking break Worldwide, Inc. the future? ■ 15.40 Lifestyle hotels - can they make David Stein, The e-commerce debate: who will own Chairman, the customer? money as well as sense? ■ The Stein Group Who is doing it well and who is The latest research findings from doing badly? PricewaterhouseCoopers third lifestyle 17.55 Chairman’s closing remarks and ■ How to strike the right deal
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