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5 July 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Rare Investment Opportunity in Bali
Tiger Airways Unveils New Brand Identity: Tigerair
Minor Acquires Stake in Per AQUUM
Far East Orchard Seeks Shareholder Approval for Australian Joint Venture
DreamWorks Launches at Sands in Macau
Swiss-Garden to Expand in Malaysia
Absolute Share Price Performance, as at 5 July 2013
Rare Investment Opportunity in Bali Return to Headlines
There is opportunity to invest in an exclusive luxury Resort in one of the world's premier leisure destinations- Bali. The Property enjoys wide frontage of alluring pristine beachfront. Offering stylish living with panoramic views of the azure Indian Ocean, the Property has additional undeveloped land, allowing the new owner to extend and complement to the existing facilities. For further information, please contact David Ling or Andree Susilo at Tel: +(65) 6293 4415 or via email: dling@hvs.com or asusilo@hvs.com.

Tiger Airways Unveils New Brand Identity: Tigerair Return to Headlines

Low-cost carrier Tiger Airways has unveiled its new brand identity, Tigerair. The rebranding campaign aims to reflect a more contemporary look and feel and comes as the airline is in the process of being partially bought over by Virgin Australia, which will buy 60 per cent of the airline from Tiger Airways Holdings. The airline's four regional hubs will be renamed as Tigerair (Singapore), Tigerair Australia, Tigerair Philippines and Tigerair Mandala (Indonesia). The airline's website has also been revamped to reflect the new brand identity.

Minor Acquires Per AQUUM Stake Return to Headlines

Minor Hotel Group has acquired a 50 per cent stake in luxury resort operator, Per AQUUM. The deal cost US$4 million and Minor will join forces with Per AQUUM's current owner Universal Enterprises Pty Ltd, to jointly develop and expand the brand across Asia and the Indian Ocean. Per AQUUM currently operates three properties in the Maldives and Dubai, and plans to expand the brand to at least eight properties following this acquisition. Minor's portfolio will now expand to 91 properties in 12 countries under four brands, including Per AQUUM. The deal marks the third recent acquisition for Minor, which acquired a 54.3 per cent in Australia's Oaks Hotels & Resorts in 2011 and the purchase of Vietnam-based Life Resorts earlier this year.

FEOrchard takes on Australia with new JV Return to Headlines

Far East Orchard (FEOrchard) is waiting for shareholder approval for two joint ventures that will significantly expand its hospitality management business in Australia. FEOrchard is currently in talks to enter a joint venture with Australian property management firm, Toga Group for A$255 million (US$204.1 million). The joint venture will own Toga's hospitality management business which includes management of more than 50 hotels and serviced residences across Australia, New Zealand, Germany and Denmark under the brands Medina, Adina and Vibe. In April this year, FEOrchard had announced that it was entering a joint venture with Straits Trading Company, with FEOrchard holding a 70 per cent stake. If the joint ventures with Straits Trading and Toga are both approved by shareholders, FEOrchard's existing portfolio will grow from approximately 3,600 rooms under management across 18 hotels and serviced apartments to a combined portfolio of more than 13,000 rooms under management across 80 hotels and serviced apartments.

DreamWorks launches at Sands Macau Return to Headlines

Dreamworks has launched at the Sands Cotai Central integrated resort in Macau. Supported by the Macau Government Tourist Office, the new family attraction is the result of an alliance between Sands China Ltd. and DreamWorks Animation. The new DreamWorks Experience will allow guests to meet characters from DreamWorks' movies with daily parades. Sands Cotai Central will also offer a series of accommodation packages to tie-in with the new attraction, such as DreamWorks-themed breakfasts and movie nights.

Swiss-Garden to Expand in Malaysia Return to Headlines

Malaysia-based Swiss-Garden International is embarking on an expansion plan to strengthen its presence in Malaysia with the addition of six more properties to its portfolio. The group currently has 12 hotels and serviced apartments and an inventory of 2,500 rooms. The bulk of its properties are concentrated in Malaysia, with the exception of one in Sydney. The expansion will increase Swiss-Garden International's total room inventory by 70 per cent. The six new properties are slated to be completed within the next three years and will be located in Malacca, Cameron Highlands, Kuala Lumpur, Kuantan, Kota Bharu and Damai Laut. The company also plans to expand overseas into countries like Vietnam and China in the long-term.

Absolute Share Price Performance, as at 5 July 2013
Closing Share Price as at 5 July 2013 28 June 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.45 8.27 2%
General Property Group 3.86 3.84 1%
Mirvac Group 1.68 1.61 4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 33.50 33.25 1%
Dusit Thani Public Co Ltd 59.50 57.25 4%
The Erawan Group Public Co Ltd 3.54 3.74 -5%
Grande Asset Hotels and Property Public Co Ltd 1.31 1.26 4%
Laguna Resorts & Hotel Public Co Ltd 32.00 32.50 -2%
Minor International Public Co Ltd 23.70 24.80 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.44 12.57 -1%
Beijing Capital Tourism Co Ltd 13.82 13.08 6%
Jinling Hotel Corporation Ltd 6.50 6.44 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.45 4.14 7%
Guangzhou Dong Fang Hotel Co Ltd 5.13 5.10 1%
Shenzhen Century Plaza Hotel Co Ltd 3.46 3.32 4%
China Lodging Group, Limited 16.07 16.00 -
Home Inns & Hotels Management Inc 26.43 26.71 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.83 9.67 2%
Regal Hotels International Holdings Ltd 3.65 3.47 5%
Sino Hotels Holdings Ltd 2.74 2.75 -
The Hong Kong & Shanghai Hotels Ltd 12.56 12.60 -
Shangri-La Asia Limited 13.18 13.40 -2%
Dorsett Hospitality International 1.79 1.80 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 49.05 48.00 2%
EIH (Oberoi Hotels & Resorts) 52.50 51.80 1%
Hotel Leela Ventures 17.15 16.95 1%
Korea Exchange (KRW)
The Shilla 62,300 61,000 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.58 0.58 -
Ascendas Hospitality Trust 0.85 0.84 1%
Ascott Residence Trust 1.32 1.29 2%
Banyan Tree Holdings Limited 0.69 0.69 -
CDL Hospitality Trusts 1.72 1.70 1%
Far East Hospitality Trust 0.96 0.96 -
Hotel Grand Central Ltd 1.05 1.05 -
Hotel Properties Ltd 3.18 3.17 -
Mandarin Oriental International Ltd (US$) 1.62 1.62 -
Pan Pacific Hotels Group Limited 2.53 2.53 -
Shangri-La Asia Limited (HK$) 13.30 13.50 -1%
Stamford Land Corporation Ltd 0.59 0.59 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 369 353 4%
The Ambassador Hotel, Ltd 29.60 30.10 -2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 38,100 37,500 2%
Imperial Hotel, Ltd 3,465 3,460 -
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Tan Wei See
HVS Singapore
David Ling
HVS Mumbai
Natwar Nagar
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 Singapore.

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