Featured in this Asia Pacific Hospitality Newsletter - Week Ending 19 November 2004
CHINA HOTEL INVESTMENT SUMMIT (CHIS) 2005
中国酒店投资峰会2005
Alila Hotels & Resorts to manage a resort in Khao Yai
Four Seasons to mange a hotel in Beijing
STDM and PBL form joint venture
Royal Garden Resorts to acquire full ownership in Four Seasons Bangkok Hotel
Shangri-La Hotels and Resorts to launch Traders Hotel, Urumqi in 2007
Guangzhou Government to set up hotel management company
Royal Lagoon Hotel Dongguan re-branded Sofitel Royal Lagoon Dongguan


CHINA HOTEL INVESTMENT SUMMIT (CHIS) 2005
中国酒店投资峰会2005
Return to Headlines
We are pleased to announce the first ever China Hotel Investment Summit (CHIS) to be held in Shanghai on 28 and 29 of April 2005 at The Westin Shanghai Hotel . The China market presents great opportunity for both domestic and international players, but entry into the hotel market may also present significant challenges for many who are not familiar with the hotel market and the investment environment. As such, CHIS provides a platform where participants can be better informed. CHIS will also provide an opportunity for hotel owners, developers, investors, operators, government agencies and industry specialists to come together to share their best practices, new ideas, latest market trends and learn of new investment and business opportunities. For more information, please contact: David Ling at (65) 62934415 or via email: dling@hvs.com.

Alila Hotels & Resorts to manage a resort in Khao Yai Return to Headlines
Kirimaya Co., a real estate developer has invested THB1 billion to develop a five-star boutique hotel with a golf course in Khao Yai, Thailand. Managed by Alila Hotels & Resorts, a Singaporean-based hotel management group, the resort will comprise 60 rooms and a 400-500 rai 18-hole golf course. The resort is scheduled to open in December 1.

Four Seasons to mange a hotel in Beijing Return to Headlines
Four Seasons has signed an agreement with Evergreen Pte Ltd. to manage a new hotel in Beijing, scheduled to open in mid 2006. Four Seasons will be part of the Sunny Region Development, on Xiao Liang Ma Qiao Road in the Chao Yang District. Four Seasons Hotel Beijing will offer approximately 300 guest rooms and suites, three restaurants and a lobby lounge, two ballrooms and extensive spa facilities.

STDM and PBL form joint venture Return to Headlines
Stanley Ho, the chairman of Sociedade de Turismo e Divers's de Macau (STDM) will form partnership with Publishing and Broadcasting Limited (PBL), owned by Kerry Packer, to expand the business in Macau. PBL will pay A$211 million for 28% of the Park Hyatt hotel and casino development in Macau, owned by Ho's Hong Kong-based Melco International Development. The Macau Park Hyatt will have about 25,000 square meters of gaming area, including 200 gambling tables and 1,300 slot machines. Construction will start next month and is scheduled to be finished by 2007. PBL owns Australia's top-ratings Nine Network, and casinos in Melbourne and Perth along with a stable of magazines.

Royal Garden Resorts to acquire full ownership in Four Seasons Bangkok Hotel Return to Headlines
Royal Garden Resorts Plc will spend approximately THb1 billion to acquire all outstanding shares in Rajadamri Hotel Plc - operator of the Four Seasons Bangkok Hotel - after raising its stake in the firm from 49.3% to 57.7%. Royal Garden Resorts would make a mandatory public-tender offer for Rajadamri Hotel at Bt47 a share. Royal Garden Resorts had bought 3.76 million shares of the Rajadamri Hotel, representing almost 8% of the share capital, from KasikornBank at THB47 a piece for a cost of THB176.7 million. Apart from owning a 100% stake in the five-star Four Seasons Hotel in downtown Bangkok, Rajadamri Hotel also controls about 25% of the 64-room Four Seasons Chiang Mai.

Shangri-La Hotels and Resorts to launch Traders Hotel, Urumqi in 2007 Return to Headlines
Shangri-La Hotels and Resorts signed a new management agreement with Xinjiang Lai Yuan Real Estate Development Co. Ltd. for a Traders Hotel in Urumqi of China's Xinjiang Uygur Autonomous Region, opening in early 2007. The 39-storey Traders Hotel will be part of a large complex consisting of offices, residential and retail. The hotel will comprise 500 guest rooms, four dining outlets and a 1,200 square metre grand ballroom.

Guangzhou Government to set up hotel management company Return to Headlines
The local government of Guangzhou, capital of Guangdong province, southern China, will launch a tourism and hotel management company in early 2005 to manage hotels owned by the city. The tourism and hotel management company will resume the management of the Guangzhou's Garden Hotel in January 2005. Moreover, Guangzhou's Grand China Hotel has already been returned to the management of the Guangzhou government in June 2004. The hotel will undergo a RMB450 million renovation in the next three to five years.

Royal Lagoon Hotel Dongguan re-branded Sofitel Royal Lagoon Dongguan Return to Headlines
Accor announced the re-branding of the Royal Lagoon Hotel Dongguan in Guangdong province, China to Sofitel Royal Lagoon Dongguan. The hotel is surrounded by the Hu Ying Park and is adjacent to the 36-hole Hill View Golf Club. Sofitel Royal Lagoon Dongguan comprises 268 rooms and suites, 22 meeting rooms and 950sqm Royal Ballroom as well as six restaurants and bars. The hotel also features a 30,000sqm outdoor water park, in addition to an expansive 2,600sqm pool.

Absolute Share Price Performance, as at 19 November 2004