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Hotel and Real Estate Businessman Vivek Chadha Named as the EY UK Entrepreneur of the Year 2017 for London & South

LONDON, UK. August 10, 2017 - Watford businessman has been named as the Entrepreneur of the Year by the prestigious Ernst & Young Entrepreneur of the Year 2017 award for the London & South region.

Vivek Chadha has spearheaded the growth of hotel development company Nine Group, which over the last two years has seen the company become one of the fastest private hotel companies in the UK employing over 800 people with 18 hotels in the portfolio.

The Nine Group portfolio is diverse, with a mixture of residential and commercial properties, plus hotels including the Mercure St Albans Noke Hotel, the Novotel London Heathrow Airport and the Manchester Hotel in Trafford Park.

Having achieved such a level of success in the UK before he has reached the age of 30, Chadha is now looking into continental Europe for hotel acquisitions.

Now in its 31st year globally and 19th year in the UK, Entrepreneur of the Year is the most prestigious business awards program for entrepreneurs, recognising individuals who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.

Vivek Chadha said: “It’s an honour to have been chosen as Entrepreneur of the Year 2017 for the London and South region. It’s a privilege to represent Watford, Hertfordshire and Greater London where several of the hotels from Nine Group portfolio are located. I look forward to representing the Nine Group alongside my fellow nominees at the UK finals.”

An independent panel of judges will select winners in each region, who will progress to the UK final held in London in October to compete for the title “EY UK Entrepreneur of the Year”.

The UK winner - along with winners from other countries - will then attend the EY World Entrepreneur of the Year Forum in Summer 2018, which gathers the world’s most inspiring entrepreneurs, game changers and government leaders from more than 60 countries.

About the Nine Group

After graduating from university in 2010, Vivek Chadha founded the Nine Group in 2012. The Nine Group owns and operates 18 franchised hotels in London and across the United Kingdom. The group specialises in turning around existing failing hotels and developing new hotels in key locations. They employ close to 800 people in the UK. For additional information please visit: nine-group.co.uk

Contact:
Matt Foster
Distinctly
Email: matt.foster@distinctlypr.co
Phone: 01923 728 191

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.