Featured in this Asia Pacific Hospitality Newsletter - Week Ending 22 October 2004
Ascott launches luxury tier serviced residence in Bangkok
Six Senses to enter China
Indian Hotel Company sets for expansion
Renaissance Seoul completes renovation
Best Western adds one in Australia

Ascott launches luxury tier serviced residence in Bangkok Return to Headlines
The Ascott Group, the serviced residence arm of Singapore’s CapitaLand Group, launched its first luxury-tier serviced residence in Bangkok, the 177-unit The Ascott Sathorn. The property is located close to the Silom and Sukhumit shopping and business areas. The Ascott Sathorn offers studio and one to three-bedroom suites, health centre, business centre, lounge, cafes and fine dining restaurants. In Bangkok, the group also operates the 152-unit Somerset Suwan Park View, 358-unit Somerset Lake Point and 127-unit Omni Tower serviced residences.

Six Senses to enter China Return to Headlines
In anticipation of the growing health tourism market in China, Bangkok-based luxury resorts operator Six Senses Resorts and Spas, is in negotiations with mainland parties to set up a luxury spa near the Great Wall of China, according to the Hotel Magazine. The group plans to open the spa in 2007.

Indian Hotel Company sets for expansion Return to Headlines
In a move to further strengthen its lodging portfolio in India, Indian Hotels Company Ltd (IHCL) is planning to double its 8,000 plus room inventory over the next five years. Currently, expansion and renovation projects are underway in several of IHCL properties. The company has invested approximately Rs. 120 crores on this exercise and the budget is expected to exceed Rs. 100 crores this year. Furthermore, the group plans to add ten additional hotels under IndiOne next year in secondary and tertiary areas including Gurgaon and Navi Mumbai.

Renaissance Seoul completes renovation Return to Headlines
The Renaissance Seoul Hotel in Yeoksam-dong, southern Seoul, recently launched its refurbished first floor of its new lobby and the three new innovative food & beverage outlets. These include The Trevi Lounge, The new Cafe Elysee and The Bakery. Located in the heart of Teheran Street in southern Seoul, the hotel comprises 493 guestrooms and 19 suites. Of all the guestrooms, there are 86 deluxe rooms and nine suites on the four exclusive floors along with the Renaissance Club.

Best Western adds one in Australia Return to Headlines
Best Western has added a new property to its growing list of global hotels. Best Western Astor Metropole Hotel, Brisbane, joins the Best Western Australia hotel chain. Located close to Central Station, Best Western Astor Metropole Hotel offers 220 units in total, including a new Tower section housing 126 open-plan apartments. The property has a street front terrace bar and restaurant, tour desk, business centre and free secure covered parking. The facilities include gym, conference room, data port/direct internet access in each Tower Apartment, swimming pool (ready in November 2004) and dry-cleaning.

Absolute Share Price Performance, as at 22 October 2004