HVS - ASIA PACIFIC HOSPITALITY NEWSLETTER - For The Week Ending 6 Jan 2017 (January 6, 2017)

Hyatt’s Luxury Lifestyle Brand – Andaz, Makes Its Debuts in India

Hyatt Hotels Corporation announced the opening of the first ‘Andaz’ branded hotel in India with the Andaz Delhi, located in the Aerocity hospitality district close to Indira Gandhi International Airport. The hotel will initially offer 401 rooms and suites, with 129 serviced apartments scheduled to follow later this year. The hotel also features over 37,500 square feet of meeting space, two swimming pools, a fitness center, a spa, a restaurant, a bar, a delicatessen and a multi-level club. The Andaz Delhi is the 16th ‘Andaz’ branded hotel worldwide and has been designed to capture the spirit of India’s capital, New Delhi.

Chengdu Marriott Hotel Financial Centre Opens in Chengdu, China

Marriott International recently announced the signing of a management agreement with Sichuan Master Investment Group to manage its first ‘Marriott’ branded hotel in the city of Chengdu, Sichuan Province. Strategically located along Tianfu Avenue, the newly-opened property is within close proximity to the Chengdu Financial City and its metro station, Yintai Centre, Tianfu Software Park and government agencies. The hotel is only a five-minute drive away from the Chengdu International Convention Centre and 20 minutes’ drive from the Chengdu Shuangliu International Airport. The 392-key Chengdu Marriott Hotel Financial Centre features an all-day dining restaurant, a Chinese resturant and a lobby lounge as well as over 3,500 square meters of meeting and banqueting space. Additional leisure and entertainment facilities inlcude a fitness center, an indoor heated swimming pool, and a chess and card room.

Le Meridien Pune Rebranded to Sheraton Grand

Sheraton Hotels & Resorts, part of Marriott International, opened the Sheraton Grand Pune Bund Garden Hotel in Pune, Maharashtra. Owned by BrahmaCorp, this is the second Sheraton Grand and the fourth ‘Sheraton’ branded hotel in India. The hotel, earlier operated as a Le Meridien, underwent an extensive renovation prior to its rebranding. The newly renovated property features 177 rooms and suites, four restaurants, two bars, approximately 10,500 square feet of meeting space, a fitness center, a swimming pool and a spa.

StayWell Enters Goa with Park Regis

Australian Hotel Management company, StayWell Hospitality Group opened its fifth property in India with the Park Regis Goa. This is the largest property under the umbrella of StayWell Group in India and the second Park Regis hotel to open in India, following the Park Regis Jaipur. Spread across five acres, the hotel features 96 rooms and suites, a coffee shop, a bar, a swimming pool, and a gymnasium. The hotel is located in Arpora, North Goa, and is in close proximity to many local tourist attractions and popular beaches such as Anjuna, Baga and Calangute.

Guangzhou R & F Properties to Invest US$3 billion to Build Hotels in Cambodia

Chinese real estate giant, Guangzhou R & F Properties Co. Ltd., unveiled its plan to invest US$3 billion within the next five years to build six-star hotels in Cambodia's capital city Phnom Penh and the coastal beach of Sihanoukville province. The investment project was announced last week during a meeting between Zhang Li, Chairman of Guangzhou R&F Properties and Cambodian Prime Minister, Samdech Techo Hun Sen. Zhang said that his firm has partnered with Cambodia's Royal Group, run by prominent business tycoon Kith Meng, for the mega projects.

Sarovar Hotels & Resorts Opens Fourth Property in Gujarat, India

Sarovar Hotels announced the opening of the Efcee Sarovar Portico in Bhavnagar, the group’s fourth hotel in Gujarat. The hotel features 99 rooms, two restaurants, a lounge, a fitness center, a swimming pool and a spa. Bhavnagar is the fifth largest city in Gujarat and is primarily a commercial destination.

Absolute Share Price Performance, as on 6 Jan 2017

Closing Share Price as at 6 Jan 2017 29 Dec 2016 % Change
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd 13.85 13.77 0.6%
General Property Group 4.99 4.96 0.6%
Mirvac Group 2.11 2.15 -1.9%
Mantra Group 3.04 3.05 -0.3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 39 38.75 0.6%
Dusit Thani Public Co Ltd 9.15 9.0 1.7%
The Erawan Group Public Co Ltd 4.48 4.46 0.4%
Grande Asset Hotels and Property Public Co Ltd 0.84 0.82 2.4%
Laguna Resorts & Hotel Public Co Ltd 25.5 24 6.3%
Minor International Public Co Ltd 36.25 35.25 2.8%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 14.68 14 4.9%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 7.34 7.15 2.7%
Guangzhou Dong Fang Hotel Co Ltd 15.8 15.41 2.5%
NASDAQ (US$)
China Lodging Group Ltd 49.2 47.63 3.3%
Home Inns & Hotels Management Inc 35.71 35.71 0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.4 16.20 1.2%
Regal Hotels International Holdings Ltd 4.21 4.25 -0.9%
Sino Hotels Holdings Ltd 2.6 2.60 0.0%
The Hong Kong & Shanghai Hotels Ltd 8.41 8.45 -0.5%
Shangri-La Asia Limited 8.38 8.09 3.6%
Dorsett Hospitality International 1.54 1.54 0.0%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 95.5 97.60 -2.2%
EIH (Oberoi Hotels & Resorts) 96.9 93.95 3.1%
Hotel Leela Ventures 16.5 16.15 2.2%
Korea Exchange (KRW)
The Shilla 48400 47,300 2.3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.4 0.395 1.3%
Ascendas Hospitality Trust 0.705 0.705 0.0%
Ascott Residence Trust 1.16 1.130 2.7%
Banyan Tree Holdings Limited 0.485 0.485 0.0%
CDL Hospitality Trusts 1.375 1.325 3.8%
Far East Hospitality Trust 0.605 0.595 1.7%
Frasers Hospitality Trust 0.66 0.650 1.5%
Hotel Grand Central Ltd 1.36 1.350 0.7%
Hotel Properties Ltd 3.8 3.860 -1.6%
Mandarin Oriental International Ltd (US$) 1.285 1.285 0.0%
OUE Hospitality Trust 0.68 0.660 3.0%
Stamford Land Corporation Ltd 0.48 0.470 2.1%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 168.5 169.50 -0.6%
The Ambassador Hotel, Ltd 23.4 23.40 0.0%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 80100 77,800 3.0%
Imperial Hotel, Ltd 2098 2,081 0.8%
Red Planet Japan Inc 32 35 -8.6%
 
 

Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS Asia Pacific.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

HVS.com