Featured in this Asia Pacific Hospitality Newsletter - Week Ending 02 July 2004
Starwood H&R to add one in Beijing
Opening of Renaissance Tianjin
HPL Hotels & Resorts manage resort in the Maldives

Starwood H&R to add one in Beijing Return to Headlines
Starwood Hotels & Resorts signed an agreement with Beijing Jin Hao Real Estate Company Limited to manage a hotel under its Westin brand in Beijing, China. Scheduled to open in mid 2006, the Westin Beijing-Financial Street will be located at the Financial Street in Beijing. The hotel is part of a mix-used complex that houses the hotel in one tower and serviced residences in a separate tower. The complex will feature 500 rooms, 216 serviced residences and 2,510 square meters of meeting space. Other hotel facilities will include five dining outlets, sports and recreational facilities, a health club, an indoor swimming pool and retail centre.

Opening of Renaissance Tianjin Return to Headlines
Marriott International announced the opening of the Renaissance Tianjin TEDA Hotel in Tianjin, China. The 302-room Renaissance Tianjin TEDA operates under a management agreement with Tianjin Binhai TEDA Hotel Development Co., Ltd. The hotel is located in the Tianjin Economic Development Area.

HPL Hotels & Resorts manage resort in the Maldives Return to Headlines
Singapore-based HPL Hotels & Resorts announces new management contract with the Rihiveli Beach Resort (Rihiveli) in Maldives. The resort opened in 1983 and comprises 48 bungalows.

Absolute Share Price Performance, as at 02 July 2004