| Recruitment for HVS Offices in Singapore & Shanghai | Return to Headlines |
|
As part of its growth strategy for Asia, HVS offices in Singapore and
Shanghai are actively recruiting Consulting and Valuation Associates to
join its team which provides consulting, valuation and investment sales
services for hotel and resort projects located throughout North Asia (e.g.
China, Japan, South Korea) and Southeast Asia (e.g. Bali, Phuket, Singapore,
Hong Kong SAR).
|
|
| Marriott to Introduce its Renaissance Brand to Thailand | Return to Headlines |
| Marriott International, Inc. will introduce its Renaissance hotel brand to Thailand under a management agreement with The Erawan Group PLC for the conversion of the existing 78-unit Buriraya Resort & Spa in Koh Samui to the Renaissance Koh Samui Resort & Spa. The conversion is expected to occur by September 2005 following a partial renovation of the resort. Comprised of 45 guest rooms and 33 villas, the resort is located approximately 15 kilometres south of Koh Samui Airport. Samui is about one hour's flight from Bangkok; it is Thailand's third largest island after Phuket and Koh Chang and is witnessing strong growth with the opening of a number of new hotels and resorts. | |
| Grand Mercure Arrives in Thailand | Return to Headlines |
| The Fortune Hotel Bangkok is officially rebranded Grand Mercure Fortune Bangkok marking the entry of Accor's Grand Mercure brand to Thailand. The hotel has recently completed a multi-million US dollar renovation to rooms and public areas. The 400-room hotel combines traditional Thai hospitality and international management in a prime city location, with a Bangkok Mass Rapid Transit (Phra Ram 9 Station) underground station right at its doorstep. The hotel is located within 25 minutes of both the new Suvarnabhumi and Don Muang International Airports and all major convention venues around Bangkok. | |
| LHIC Plans to Put Up Six More Hotels in the Philippines | Return to Headlines |
| Filipino-owned Legend Hotels International Corp. (LHIC) plans to put up six more hotels in the country in the next two years, with Cebu being one of the priority areas for its expansion. LHIC also revealed that the construction of a 140-room hotel in Pasay City will commence in September 2005. Accredited by the Department of Tourism with a three-star rating as an economy standard hotel, Kabayan Hotels cater to overseas Filipino workers (OFWs) and travelers from the provinces. | |
| Lehman Brothers (Thailand) to Acquire Properties From Pacific Assets | Return to Headlines |
| Lehman Brothers (Thailand) Ltd, a Bangkok-based securities underwriting and portfolio management company, as well as a subsidiary of Lehman Brothers Holdings Inc, agreed to acquire assets and operations of four vacation resorts from Pacific Assets Public Co Ltd for approximately US$77.3 million. The four vacation resorts include Bangkok-based hotel resort Pantip Court Executive Residence, One Pacific Place and Two Pacific Place, Le Royal Meridien Baen Taling Ngam in Koh Samui, and Phuket-based Le Royal Meridien Phuket Yacht Club. Bangkok-based Pacific Assets plans to use the profits gained from the sales of these assets to settle debts with financial institutions, develop the hotel and villa projects in Koh Samui and expand the investment in the hotel business. | |
| Sheraton Opens First Luxury Resort in Pattaya, Thailand | Return to Headlines |
| Starwood Hotels & Resorts Worldwide, Inc. announced the opening of its newest luxury resort, the 156-room Sheraton Pattaya Resort in Thailand. Located only an hour's drive from the new Bangkok International Airport (opening in 2006), Sheraton Pattaya Resort is the first new five star resort to open in Pattaya for many years, and brings a breath of fresh air to Thailand’s most established resort destination. | |
| Absolute Share Price Performance, as at 19 August 2005 |
