| Featured in this Asia Pacific Hospitality Newsletter - Week Ending 25 June 2004 |
| Hilton to open two hotels in Asia | Return to Headlines |
| Hilton is set to open hotels in China and Malaysia this month and in September, respectively. The new-build Hilton Kuala Lumpur will be part of a mix-used development, including the new railway station, office complexes and the future convention centre. The hotel will comprise 510 rooms, 10 food & beverage outlets, a Grand Ballroom and 13 meeting rooms as well as a two-storey health club with four massage and treatment rooms. In China, the 511-room Pangli Hotel in Shenzhen, located in Panglin Plaza office, will be re-branded Hilton. | |
| Starwood Hotel & Resort adds one in China | Return to Headlines |
| Starwood Hotels & Resorts has signed an agreement with Xiamen Fuchun Orient Hotel Company Limited to manage hotel in Xiemen, China. The Sheraton Xiamen, located in Jiantou District, is scheduled to open in June 2005. The hotel is part of a mix-used project that houses the hotel in one tower and condominiums and a retail podium in the next. The hotel will comprise 348 rooms, including 40 suites, and approximately 1,000 square meters of meeting and function space. The hotel facilities will also include four dining outlets, sports and recreational facilities, a health club and spa, an indoor swimming pool and retail centre. | |
| Owner of Santiburi Dusit Resort taking over hotel management | Return to Headlines |
| The owner of Santiburi Dusit Resort, Koh Samui, will take over the management of the resort from Dusit Hotels & Resorts. The owner plans to consolidate the company’s real-estate businesses under its own management company including a new 18-hole championship golf course which will be opened in January; a new resort, which is opening this December; and, a mix-used project which involve health tourism and housing components. | |
| Raffles foray into Russian Hotel Market | Return to Headlines |
| Raffles International, the listed hotel arm of Singapore-based CapitaLand, signed an agreement with JSC Moskva Krasnye Holmy to manage a 235-room deluxe hotel under the Swissôtel brand. The hotel will be named Swissôtel Riverside Towers, Moscow and is scheduled to open by May 2005. Swissôtel Riverside Towers, Moscow, currently under construction, is located on the Kremlin Island between the Moscow River and the Obvodny Channel. When completed, the 34-storey hotel will include meeting and convention rooms, a spa and fitness centre, indoor swimming pool and six food and beverage outlets. | |
| Ascott divests stake in Bangkok Serviced Residence | Return to Headlines |
| The Ascott Group has divested its interest in the Sommerset Lake Point, a 350-unit serviced residence in Bangkok. The company expects to gain THB 99 million from the sale. The group will continue to manage the property after the sale. Ascott’s stake in the property is held through its 30% equity in IP Thai Property Fund, which owns the residence. The remaining 70% interest in the fund is held by I.P. Property Fund Asia Limited (IPPFAL). Ascott’s parent company, CapitaLand Limited, owns 20% of IPPFAL. | |
| Kempinski to add one in China | Return to Headlines |
| Kempinski Hotels & Resorts will manage a new-build hotel in Wuxi, China. The Kempinski Hotel Wuxi is the Group’s fifth venture in China, joining other Kempinski Hotels in China in Beijing, Chengdu, Shenyang and Dalian. The Kempinski Hotel Wuxi will comprise over 400 rooms and suites, a ballroom which can accommodate up to 600 guests, separate entertainment centre, restaurants and shops. | |
