| CHIS 2006 'Winning Strategies For Hotel Investment In China' | Return to Headlines |
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Co-hosted by the largest global hospitality consulting firm - HVS International, together with the leading institution for hospitality education in China - Beijing International Studies University, CHIS 2006 promises a whole new experience for hotel investment in China. We will meet the CHIS 2006 'China Hotelier of the Year' as well as the recipient of the 'Hospitality Excellence Award'. More details are available at our summit portal at www.chisummit.com.
For more information, kindly email: [email protected].
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| 2nd Hotel Investment Conference - South Asia (HICSA) | Return to Headlines |
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More details are available at our conference portal at www.hvs.com/HICSA/.
For more information, kindly email: [email protected].
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| Accor Coup | Return to Headlines |
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Accor Hotel group has added one of Launceston's (Tasmania) best known hotels, the Earlington, formerly the Great Northern, to its portfolio. The city-centre hotel will be rebranded Mercure Hotel Earlington Launceston after owner Lanco Group appointed Accor as manager. Lanco bought the Great Northern for US$4.5 million in 2004 and upgraded the 116 suites. |
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| Hilton Hotels Reuniting Worldwide Empire | Return to Headlines |
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Hilton Hotels agreed to buy the international properties of the Hilton Group of Britain for US$5.7 billion, reuniting a business that was carved up more than 40 years ago, and setting the stage for further overseas growth of the Hilton name. The deal brings Hilton Hotels to more than 400 international properties and creates an empire of nearly 2,800 hotels, stretching from the Waldorf Astoria in New York to the Phuket Arcadia Beach Resort in Thailand. Hilton Hotels was banned by its 1964 breakup agreement from operating outside of North America, putting the business at a severe disadvantage to peers like Hyatt and Marriott. The reunification of the Hilton properties has been long anticipated - the two companies have shared reservation systems and traveller reward programmes since a 1997 deal, and operate the Conrad Hotels together. |
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| Raffles International Signs Deal to Manage New Deluxe Hotel in Ankara | Return to Headlines |
| Raffles International has signed a management contract with Gulsan Insaat, Sanayi, Turizm, Nakliyat ve Ticaret A.S., to manage a new hotel development in Ankara under the Swissôtel brand. The 150-room deluxe hotel will be named Swissôtel Ankara and is scheduled to open in April 2006. The new Swissôtel Ankara marks Raffles International’s further expansion into Turkey. The group already operates Swissôtel The Bosphorus in Istanbul and Swissôtel Göcek Marina & Spa Resort, with two additional projects currently under development in Bursa and Izmir. With the signing of Swissôtel Ankara, Raffles International’s worldwide portfolio grows to 40 hotels and resorts in 35 destinations. | |
| Best Western to Build 15 Hotels in Malaysia | Return to Headlines |
| Best Western International Inc plans to build 15 hotels in Malaysia within the next three years. Its vice-president for International Operations (Asia) Glenn de Souza said that currently they are working with a local partner, Trinidad Holdings, to identify suitable locations for the hotels. There are plans to open six hotels by the end of 2006 and nine in 2008. Furthermore, Best Western is looking to open a premier four-star hotel with 300 rooms in the heart of Kuala Lumpur. Best Western International owns and operates over 4,200 hotels throughout North, Central and South America, Europe, Asia, West Asia, Australia, New Zealand and the South Pacific. Sixty per cent of its hotels are premier hotels. In Asia, they have made their presence in Bangladesh, India, Pakistan, China, Japan, Malysia, South Korea, the Philippines, Vietnam, Thailand and Indonesia. | |
| Shangri-La's 5-Star Hotel to Heat UP Competition in Tokyo | Return to Headlines |
| Shangri-La Hotels & Resorts plans to open a five-star hotel in central Tokyo as early as autumn 2008, a move that is certain to intensify the competition in the rapidly expanding luxury hotel market in the city. As such, Mandarin Oriental opened a hotel in the Nihombashi district in December 2005 in a building developed by Mitsui Fudosan Co. Peninsula Hotel is to open a hotel within a building to be developed by Mitsubishi Estate Co. in Hibiya by the middle of 2007. Furthermore, with the Conrad Tokyo recently opened in July 2005 and the Ritz-Carlton Tokyo due for spring 2007, the competition among upmarket hotels, which charges room rates in excess of US$420 per night, will likely heat up. Shangri-La Hotels & Resorts, a Hong Kong-based luxury hotel chain operator, plans to open a 200-room hotel within the main building of the Marunouchi Trust Tower complex, which is being built by Mori Trust Co. right next to Tokyo Station. When the building is completed in autumn 2008, Shangri-La is expected to occupy the 27th through 37th floors, totalling roughly 26,400 square metres. | |
| Absolute Share Price Performance, as at 16 January 2006 |
