Northstar buys HotelsWorld events in Australia

SECAUCUS, NJ -- Northstar Travel Group, parent company of Travel Weekly, has acquired HotelsWorld, a suite of industry events for senior hotel executives in the Australia and New Zealand region.

The seller, Hotels World Australia, was founded and owned by John Smith, who will stay on after the acquisition.

HotelsWorld comprises four consecutive events held over three days in Sydney in July. It 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 accommodations.

The acquisition fills a geographic hole for Northstar, which in May acquired Burba Hotel Network, a portfolio of events that is the leading producer of hotel investment conferences. The portfolio includes ALIS, The Americas Lodging Investment Summit, held in Los Angeles next month; HICAP, the Hotel Investment Conference Asia Pacific in Hong Kong; 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.

Law firm Ashurst has co-hosted HotelsWorld since its inception and will continue to co-host the event in conjunction with Burba Hotel Network.

Northstar intends to leverage its databases, relationships, media properties and domain expertise to grow HotelsWorld.

"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," Smith said. "I am confident its involvement will build on the momentum we have created and will take HotelsWorld to the next level."

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