| Featured in this Asia Pacific Hospitality Newsletter - Week Ending 24 September 2004 |
| Ascott plans to introduce Citadines brand in Asia | Return to Headlines |
| Ascott Holdings plans to introduce its European service residence brand Citadines into Asia to target the middle-executive segment. The group is set to complete its acquisition of Citadines by end of October. According to the Business Times, quoting Mr. Cameron Ong, Ascott CEO, Citadines in Asia will be priced 20% less than that of achieved by Somerset. The group will first make its Asian debut in China, followed by Japan and India. In separate news, Ascott Group has secured an agreement to manage its first serviced residence in Seoul, South Korea. The serviced residence, located in Susong-dong district, is expected to open in the second quarter 2005. Owned by Shin Young Group, The 348 serviced residence units will feature studio to three-bedroom suites. The group will mange the property for five-year. | |
| Briza Resort Group to develop new hotels in Thailand | Return to Headlines |
| According to the Nation, the Briza Resort Group, owned by Phuket’s Thepbutr family, will invest as much as THB2 billion in its four new hotel projects in Phang Nga, Krabi, Phuket and Samui Island. Construction of the Briza Beach Resort & Spa, located on Khao Lak beach in the Phang Nga province, is scheduled to break ground in the fourth quarter of 2004. The 120-room project will cost approximately THB500 million to build. The hotel development in Samui Island is scheduled to be completed next year. Briza Resort Group is also looking at hotel projects in Krabi and Phuket, due to enter the market in 2006 and 2007, respectively. | |
| Carlson Hotels announces third Regent international hotel for China | Return to Headlines |
| Carlson Hotels Asia Pacific announced its third Regent hotel for China with The Regent Shanghai. The 500-room Regent is owned by Summit Property Development Co. and will be managed by Carlson Hotels Asia Pacific. It will be the first of Carlson’s luxury Regent-branded hotels to open in China in late spring 2005. Other proposed Regent hotels comprise properties in Ningbo and Beijing scheduled to open in October 2005 and September 2006, respectively. The Regent Shanghai will feature an all-day-dining restaurant, a Chinese restaurant and a speciality restaurant, multiple bars, a grand ballroom, several meeting and conference rooms, an indoor swimming pool and fitness centre. | |
| Accor to add one in Thailand | Return to Headlines |
| Accor announces the opening of Sofitel Phi Phi Villa & Spa in early 2005. The hotel, located on the main Phi Phi Don Island, will comprise 147 individual villas, each with a minimum of 59 sqm living space and private balcony. Furthermore, the hotel will boast seven food & beverage outlets and extensive recreational and spa facilities. | |
| InterContinental Hotels Group to manage hotel in Hanoi | Return to Headlines |
| InterContinental Hotels Group has signed an agreement with TPC Nghi Tam Village Company to manage the 327-room InterContinental Hanoi in Hanoi, Vietnam. The building construction was about 70% completed in 1998 before the Asian Financial crisis. TPC, a joint venture between Thang Long Tourism and General Trading Company and Malaysia's Tradewinds Corporations Berhad, intends to borrow US$18 to US$20 million to complete construction and furnish the hotel by the end of December next year. | |
| Starwood Hotels & Resorts to add one in China | Return to Headlines |
| Starwood Hotels & Resorts signed an agreement with Hunan Yunda Real Estate Development Co. Ltd. to manage the Sheraton Changsha Hotel in Hunan province in China. This newly built 327-room Sheraton Changsha Hotel is scheduled to open in July 2007. The hotel is part of a mixed-use complex that houses the hotel in one tower and condominiums in the next, plus a retail podium. The hotel will comprise four dining outlets and 19,900 square feet of meeting and function space. | |
