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13 June 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
New World Millennium rebrands Hotel Nikko in Hongkong
Treasure Bay Signs on Chiva-Som in Bintan
Ascott Secures First Two Franchise Agreements in Laos and Indonesia
Silkair flys to Mandalay
Four Points by Starwoods Hotels and Resorts Continues to Grow in Malaysia
Hyatt Opens First Andaz Hotel in Japan
Absolute Share Price Performance, as at 13 June 2014
New World Millennium rebrands Hotel Nikko in Hongkong Return to Headlines
Ferguson Hotel Holdings has announced the rebranding of Hotel Nikko Hongkong to New World Millennium Hongkong which debuts in July. In collaboration with New World Hotels and Millennium & Copthorne Hotels, the rebranding will include a phased HK$120 million (US$15.5 million) renovation of the 464-room harbour front hotel. It will remain in operation while undergoing the enhancements. The hotel will offer 7 dining options inclusive of all-day dining, specialty restaurants and a lobby lounge. Additionally, meeting spaces and recreational facilities such as a health club and rooftop pool will also be available.

Treasure Bay Signs on Chiva-Som in Bintan Return to Headlines

Treasure Bay Bintan is expected to commence its Phase 1 construction in the fourth quarter of 2014. Malaysian –based Landmarks (who also owns The Andaman in Langkawi) have highlighted that Phase 1 will bring 1,500 more room keys. Phase 1 will include a destination health resort which will be helmed by Canyon Ranch. The resort which boasts the largest Crystal Lagoon in Asia, Chilli Cove has signed with Chiva-Som to manage a resort under a new brand in Phase 2.

Ascott Secures First Two Franchise Agreements in Laos and Indonesia Return to Headlines

The agreements are for an operating serviced residence in Vientiane that will be rebranded as a 116-unit Somerset Vientiane in the end of 2014, and a 194-unit Citadines Kuta Beach Bali scheduled to open this August. With 2 more properties to the collection, Ascott has attained their target of 40,000 apartment units globally before 2015. Due to the new Citadines agreement, Ascott is now the largest international serviced residence owner-operator in Indonesia with over 2,400 apartment units across 11 properties in Jakarta, Surabaya and Bali. The 2 properties will be managed by Ascott for the first 2 years before transitioning to a franchise arrangement.

Silkair flys to Mandalay Return to Headlines

Silkair has commenced additional flights in a new region of Myanmar. Mandalay is now the second destination after Yangon as is to be visited thrice-weekly through a circular routing with Yangon on Airbus A319 and A320 aircraft in a two-class configuration. Flights run on Tuesdays, Thursdays and Saturdays. As demand for both leisure and business travel to Myanmar has been seen to increase, Silkair believes that there is significant potential for the destination. With its strategic location, Manadalay can also be used as a gateway to Bagan and Inle Lake.

Four Points by Starwoods Hotels and Resorts Continues to Grow in Malaysia Return to Headlines

Two more properties will add 599 rooms to the Starwood’s portfolio as it has been recently announced by the group that an agreement has been signed with IOI Properties Group. Starwoods will manage Four Points by Sheraton Puchong and Le Meridien Putrajaya which are to open in the fall of 2014 and 2015, respectively. Development in Puchong and Putrajaya will assist to cater to Malaysia’s growing middle class in both leisure and business segments. Four Points by Sheraton Puchong will feature 249 stylish and contemporary guestrooms, including 12 executive suites while Le Meridien Putrajaya will offer 350 contemporary guestrooms.

Hyatt Opens First Andaz Hotel in Japan Return to Headlines

Andaz Tokyo Toranomon Hills is located on the top of Toranomon Hills tower from floors 47-52 with a 164 rooms which has 8 specialty suites included. It is nearby many key locations in the Ginza district for both leisure and business travellers. Guests who stay at the hotel also enjoy access to the AO Spa & Club on the 37th floor with a 20-metre pool that has a view overlooking the Imperial Palace. Andaz Tokyo is a significant addition to Hyatt’s portfolio in Japan with 3 other properties being opened already.

Absolute Share Price Performance, as at 13 June 2014
Closing Share Price as at 13 June 2014 6 June 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.99 8.90 1%
General Property Group 3.88 3.95 -2%
Mirvac Group 1.83 1.86 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 36.25 33.50 8%
Dusit Thani Public Co Ltd 59.00 57.75 2%
The Erawan Group Public Co Ltd 4.42 4.22 5%
Grande Asset Hotels and Property Public Co Ltd 1.75 1.66 5%
Laguna Resorts & Hotel Public Co Ltd 31.00 31.00 -
Minor International Public Co Ltd 28.50 26.50 8%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.02 16.02 -
BTG Hotels Group Co Ltd 15.37 15.25 1%
Jinling Hotel Corporation Ltd 9.50 9.83 -3%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 5.05 5.22 -3%
Guangzhou Dong Fang Hotel Co Ltd 7.35 7.12 3%
Shenzhen Century Plaza Hotel Co Ltd 4.22 4.29 -2%
Huazhu Hotels Group Ltd 24.34 24.88 -2%
Home Inns & Hotels Management Inc 33.78 30.64 10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.92 9.82 1%
Regal Hotels International Holdings Ltd 4.68 4.64 1%
Sino Hotels Holdings Ltd 2.59 2.60 -
The Hong Kong & Shanghai Hotels Ltd 10.92 11.10 -2%
Shangri-La Asia Limited 12.26 12.36 -1%
Dorsett Hospitality International 1.42 1.33 7%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 103.35 96.75 7%
EIH (Oberoi Hotels & Resorts) 103.30 98.55 5%
Hotel Leela Ventures 24.55 27.95 -12%
Korea Exchange (KRW)
The Shilla 87,700 93,000 -6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.58 -3%
Ascendas Hospitality Trust 0.75 0.75 -
Ascott Residence Trust 1.23 1.24 -1%
Banyan Tree Holdings Limited 0.64 0.65 -2%
CDL Hospitality Trusts 1.71 1.74 -2%
Far Far East Hospitality Trust 0.87 0.88 -1%
Hotel Grand Central Ltd 1.19 1.20 -1%
Hotel Properties Ltd 4.05 4.05 -
Mandarin Oriental International Ltd (US$) 1.86 1.84 1%
OUE Hospitality Trust 0.88 0.88 -
Shangri-La Asia Limited (HK$) 12.26 12.22 -
Stamford Land Corporation Ltd 0.65 0.64 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 363.00 351.50 3%
The Ambassador Hotel, Ltd 27.85 27.75 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 51,800 51,000 2%
Imperial Hotel, Ltd 2,408 2,357 2%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Henry Fang
HVS Singapore
Kaushik Vardharajan
HVS Mumbai
Natwar Nagar
HVS Bangkok
Chris Pucher
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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