HVS Asia Pacific Hospitality Newsletter - Week Ending 3 November 2017 (November 3, 2017)

Hyatt’s Luxury Lifestyle Brand, Andaz, Makes Its Debut in Southeast Asia

US-based Hyatt Hotels Corporation has debuted its luxury lifestyle brand, Andaz, in Southeast Asia with the opening of Andaz Singapore. Located at the heart of the cultural crossroads in Bugis, a five-minute drive from the Central Business District, Andaz Singapore draws on elements from shophouses and alleyways in the Kampong Glam neighborhood. Housed in the new Duo Complex, a mixed-use development that comprises residences, retail spaces and offices, the 342-key hotel includes 26 suites offering spectacular views of the city. The hotel also features 14,800 square feet of meeting space, an outdoor pool, a fitness center and four F&B outlets, including a rooftop bar. Andaz Singapore is only the second Hyatt-branded hotel in Singapore, after the Grand Hyatt Singapore opened its doors in 1971. 

Cordis Brand Debuts in Beijing

Langham Hospitality Group recently announced the opening of Cordis, Beijing Capital Airport (formerly Langham Place, Beijing Capital Airport), which marks the first Cordis hotel in Beijing, China and the fourth Cordis hotel in the world. Adjacent to the capital's Terminal 3, the hotel enjoys a convenient location within reach of the city’s hub and the New China International Exhibition Centre. In addition to 283 guestrooms and suites, Cordis, Beijing Capital Airport offers more than 1,000 square meters of banqueting and meeting space. Additional facilities at the hotel include a spa, a fitness center, an indoor swimming pool, a Chinese restaurant, an all-day specialty restaurant, a bar and a lobby lounge.

Minor Hotels Signs New Resort in Hua Hin

Thailand-based Minor Hotels has announced a 50-50 joint venture partnership with B&G Park Co. Ltd., to own and operate a resort in the popular seaside town of Hua Hin, Thailand. The 196-room resort, currently operating as Ananda Hua Hin Resort & Spa will be rebranded to AVANI Hua Hin Resort & Villas on November 20, 2017. Minor Hotels will invest approximately US$22.5 million in the project. The resort will feature two restaurants, a Jazz Club, AVANISPA, AVANIFIT gym, AVANI Kids Club and a 900-square meter Ballroom – the largest event space in Hua Hin. Room types will range from Standard Rooms to Pool Villas and Suites, with a number of Pool Villas boasting direct access to the main pool. The resort is a two-hour drive south of Bangkok.

Ascott Pens Dual Signings for Citadines-Branded Properties in Singapore

With the signings of the 299-key Citadines Raffles Place and the 320-key Citadines Rochor Singapore, Citadines, a brand of The Ascott Limited, becomes the leading serviced apartment brand in Singapore, with a portfolio of over 900 units. Slated to open in 2021, Citadines Raffles Place will be located in the heart of the Central Business District (CBD) while the Citadines Rochor Singapore, with an expected opening in 2020, will be situated on the outskirts of the CBD, in close proximity to the Ophir-Rochor Corridor. Citadines Raffles Place will be part of an upcoming landmark mixed-use redevelopment, comprising office, hotel and commercial components, on the former Golden Shoe Car Park site. Citadines Rochor Singapore will be also part of an integrated development that will feature a retail podium. The properties will represent two of Ascott’s largest properties in the nation, increasing the group’s portfolio to nearly 2,300 units across 13 properties.   

Two Roads Hospitality Asia Introduces New Brand – Jaya Hotels & Residences

Two Roads Hospitality Asia has announced a new luxury brand – Jaya Hotels & Residences. With the first sign of speculations regarding Jaya Hotels & Residences originating nearly five years ago, the brand is finally set for realization as a new addition to Two Roads Hospitality’s plethora of hotel brands. A brainchild of the late interior designer, Jaya Ibrahim, and a group of industry visionaries, the brand is inspired by Jaya's unique design vision, offering a discretely luxurious lifestyle and engaging service expectations. Jaya Ibrahim’s sudden passing in May 2015 temporarily halted the project. The team later found a partner in Two Roads Hospitality – an Asian-American Group operating nearly 100 properties worldwide – and the two went on to develop the brand and put forth a design-cum-management luxury model. Several projects in the Asia Pacific region are expected to be announced soon. One development already made public is that of The Jaya Lombok, slated for completion in 2020. Located on Lombok’s southeast coast, the new build property will comprise 62 suites and 37 villas, distributed across 400 meters of white sandy beach, two restaurants, a bar, a beach club and other wellness facilities. 

HVS India Hives Off Non-Core Services to New Entity

As per an article by The Economic Times (ET) India, HVS is restructuring its business in India by transferring its non-core services like debt syndication, project execution and planning and investment advisory in India to a new entity, Hotelivate. HVS India’s senior executives hold equity in the new entity along with the New York-headquartered firm’s CEO, Steve Rushmore Jr. – Manav Thadani, Chairman - Asia Pacific, at HVS, confirmed the move. In an email response, the company confirmed to ET that non-core services of HVS are transitioning under the Hotelivate brand while the existing core services of HVS including consulting, executive search and asset management continue to be operated as HVS license and brand services. The new company is the entity under which the businesses are now being operated.

Absolute Share Price Performance, as on 3 November 2017

Closing Share Price as at 3 November 2017 27 October 2017 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 2.2 2.19 0.5%
Event Hospitality and Entertainment Ltd 13.28 13.49 -1.6%
General Property Group 5.16 5.05 2.2%
Mirvac Group 2.42 2.41 0.4%
Mantra Group 3.93 3.9 0.8%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 48.0 46.5 3.2%
Dusit Thani Public Co Ltd 11.8 11.7 0.9%
The Erawan Group Public Co Ltd 7.3 7.0 4.3%
Grande Asset Hotels and Property Public Co Ltd 1.2 1.4 -14.1%
Laguna Resorts & Hotel Public Co Ltd 26.0 26.0 0.0%
Minor International Public Co Ltd 43.3 41.8 3.6%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 11.33 11.86 -4.5%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 4.48 4.74 -5.5%
Guangzhou Dong Fang Hotel Co Ltd 12.68 12.61 0.6%
China Lodging Group Ltd 123.64 130.11 -5.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.70 16.92 -1.3%
Regal Hotels International Holdings Ltd 5.60 5.55 0.9%
Sino Hotels Holdings Ltd 3.13 3.05 2.6%
The Hong Kong & Shanghai Hotels Ltd 12.52 12.28 2.0%
Shangri-La Asia Limited 16.06 14.68 9.4%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 114.9 114.0 0.8%
EIH (Oberoi Hotels & Resorts) 153.35 146 5.0%
Hotel Leela Ventures 21.4 20.3 5.4%
Korea Exchange (KRW)
The Shilla 78300 74300 5.4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.58 0.58 -0.9%
Ascendas Hospitality Trust 0.88 0.88 0.0%
Ascott Residence Trust 1.195 1.2 -0.4%
Banyan Tree Holdings Limited 0.60 0.64 -5.5%
CDL Hospitality Trusts 1.63 1.64 -0.6%
Far East Hospitality Trust 0.71 0.72 -0.7%
Frasers Hospitality Trust 0.77 0.78 -0.6%
Hotel Grand Central Ltd 1.46 1.45 0.3%
Hotel Properties Ltd 3.95 4.05 -2.5%
Mandarin Oriental International Ltd (US$) 2.18 2.19 -0.5%
OUE Hospitality Trust 0.82 0.81 1.2%
Stamford Land Corporation Ltd 0.52 0.52 -1.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 151.0 151.0 0.0%
The Ambassador Hotel, Ltd 23.4 23.2 0.9%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 75200 75200 0.0%
Imperial Hotel, Ltd 2047 2065 -0.9%
Red Planet Japan Inc 29 28 3.6%

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