HVS Website
December 23, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Accor Acquires Mirvac Hotels
Starwood Opens The St. Regis Shenzhen
First Centra Branded Hotel Opens Outside Thailand
Angsana Hotels & Resorts Debuts In Mauritius
International Arrivals Up 12% In The Philippines
Absolute Share Price Performance, As At 23 December
Accor Acquires Mirvac Hotels Return to Headlines

Accor has purchased Australian hotel group, Mirvac Hotels & Resorts. The ?195 million (US$254 million) deal will see Accor take over the entire Mirvac-managed portfolio of 48 hotels, including two owned hotels, representing 6,101 rooms. The 48 hotels are located mainly in key cities of Australia such as Sydney, Melbourne, Brisbane and Perth, while four are in New Zealand. This transaction will take Accor's network in Australia and New Zealand to over 250 hotels and 32,500 rooms. Accor said it will pay ?149 million for Mirvac Hotels & Resorts. Together with Singapore real-estate developer Ascendas, it will also acquire Mirvac's 49.2% stake in a fund that owns 7% of the hotels for ?46 million.

Starwood Opens The St. Regis Shenzhen Return to Headlines

The St. Regis Shenzhen, now the world's tallest St. Regis hotel and the tallest building in the city, has opened. Designed by well-known architect Sir Terry Farrell and located in the heart of Shenzhen's key financial and upscale retail centres, the Kingkey 100 is a 100-storey tower of steel and glass that is the tallest building in Shenzhen and the eighth tallest in the world. Occupying the upper 28 floors of the 100-storey landmark building, the hotel will provide 257 guestrooms and 40 suites with impressive views of the city. It will also feature the Iridium Spa, various restaurants and lounges as well as the signature St. Regis Butler Service.

First Centra Branded Hotel Opens Outside Thailand Return to Headlines

Centara Hotels & Resorts of Thailand announced the official soft opening of Centra Taum Bali, the group's first overseas venture with value brand Centra. Located at Seminyak, one of Bali's best-known leisure and nightlife areas, the resort has a total of 90 Studios, Duplex Suites, Family Suites and Pool Suites. Several units offer private plunge pools, and each room features a spacious balcony with double daybed, and a kitchenette with electric hob. The resort also features a swimming pool with children's pool and sundeck, a wellness spa and a fully equipped fitness centre.

Angsana Hotels & Resorts Debuts In Mauritius Return to Headlines
Angsana Hotels & Resorts, the sister brand of Banyan Tree Hotels & Resorts, has opened the Angsana Balaclava in Mauritius. Nestled directly on the white sandy beach and calm lagoon of Turtle Bay, the property is just a 15-minute drive from the capital of Port Louis in the northwest area of the island. With 51 suites and one villa, the Angsana Balaclava boasts 18 Garden Suites (72m2), 21 Spa Suites (84m2) and 10 exclusive Beach Front Suites (125-180 m2), most of which feature private plunge pools. The main restaurant, Oryza, offers both al fresco and indoor dining options from a menu which offers local and international cuisines. The Passion Grill serves grilled crab, lobster and langoustine, while in-villa dining or private dining experiences are also available. The resort's public area features three overlapping swimming pools, a beauty salon, fitness facility, small business centre and children's activities.
International Arrivals Up 12% In The Philippines Return to Headlines
International arrivals to the Philippines jumped 12% in the first 10 months of 2011 to 3.18 million compared to 2.84 million received in the same period last year. According to a Department of Tourism statement, 'the month of July produced the biggest arrivals with 360,784 while the month of February posted the highest growth at 18.52%. Auguring well for the tourism industry is the consistent positive growths recorded on a month-to-month basis.' Nearly half of the total arrivals came from East Asian countries, with South Korea leading the way, followed by Japan and China. A total of 756,863 South Koreans visited the Philippines between January and October, up 27.85%. The USA was the second largest source market with 493,861 arrivals for the 10-month period, a 3.7% rise from last year. Arrivals from Hong Kong are still down as the government maintains its travel alert for the Philippines.
Absolute Share Price Performance, 23 December 2011
Closing Share Price as at 23 December 2011 16 December 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.65 5.60 1%
General Property Group 3.17 3.20 -1%
Mirvac Group 1.23 1.27 -3%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.56 0.51 9%
Living and Leisure Australia Group 0.050 0.036 39%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.10 10.30 -2%
Dusit Thani Public Co Ltd 36.00 37.50 -4%
The Erawan Group Public Co Ltd 2.46 2.42 2%
Grande Asset Hotels and Property Public Co Ltd 1.19 1.21 -2%
Laguna Resorts & Hotel Public Co Ltd 49.00 49.00 -
Minor International Public Co Ltd 11.30 10.90 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.94 17.42 -3%
Beijing Capital Tourism Co Ltd 12.70 13.65 -7%
Jinling Hotel Corporation Ltd 7.06 7.10 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.12 4.12 -
Guangzhou Dong Fang Hotel Co Ltd 6.51 6.55 -1%
Shenzhen Century Plaza Hotel Co Ltd 3.86 3.78 2%
Home Inns & Hotels Management Inc 26.94 25.75 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.12 8.13 -
Regal Hotels International Holdings Ltd 2.32 2.26 3%
Sino Hotels Holdings Ltd 2.33 2.29 2%
The Hong Kong & Shanghai Hotels Ltd 8.74 8.71 -
Shangri-La Asia Limited 13.52 13.16 3%
kosmopolito Hotel International 1.22 1.16 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 54.2 55.8 -3%
EIH (Oberoi Hotels & Resorts) 84.0 83.5 1%
Hotel Leela Ventures 30.6 31.4 -2%
Korea Exchange (KRW)
The Shilla 39,300 39,800 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.30 -
Ascott Residence Trust 0.99 0.98 1%
Banyan Tree Holdings Limited 0.60 0.59 2%
CDL HTrust 1.56 1.57 -1%
Hotel Grand Central Ltd 0.69 0.69 -
Hotel Properties Ltd 1.74 1.69 3%
Mandarin Oriental International Ltd (US$) 1.48 1.50 -1%
Pan Pacific Hotels Group Limited 1.88 1.86 1%
Shangri-La Asia Limited (HK$) 12.92 12.70 2%
Stamford Land Corporation Ltd 0.54 0.53 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 390 367 6%
The Ambassador Hotel, Ltd 30.35 29.30 4%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 185,000 181,600 2%
Japan Hotel and Resort Inc 155,800 163,900 -5%
Imperial Hotel, Ltd 1,710 1,790 -4%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
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.

HVS 2011 Terms of Use | Contact Us