China Hotel Investment Summit opens doors to both gateway and secondary cities of one of the fastest growing economies in the 21st century to investors, developers, owners, hotel and serviced apartment operators, governments, financial institutions and other industry specialists who have a stake in the country.

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 http://www.chisummit.com. For more information, kindly email: [email protected].

CHIS 2006 'Winning Strategies For Hotel Investment in China' (CHIS 2006)
Date: 26 - 28 April 2006
Venue: Grand Hyatt Shanghai

Hospitality sector in South Asia has shown robust performance in the past two years resulting in huge growth in the form of enhanced investment and development opportunities. Addressing the needs arising out of high interest levels in South Asia, HICSA 2006 aims to bring all the stakeholders of the hospitality industry together.

More details are available at our conference portal at www.hvs.com/HICSA/. For more information, kindly email: [email protected].

Hotel Investment Conference - South Asia (HICSA 2006)
Date: 5 - 6 April 2006
Venue: Taj Lands End Mumbai

Starwood Hotels & Resorts and Beijing Modern Asia – Pacific Real Estate announced the signing of an agreement for Starwood to manage a 558-room Westin Hotel in Chaoyang District. The Westin Beijing at Chaoyang will be part of a mix-use complex comprising a hotel, office and retail space. It will be located on Liangma He near the diplomatic district, Sanlitun Street and the new CBD area. In addition to guestrooms, the Westin Beijing at Chaoyang will feature approximately 16,400 square feet of meeting space, four food and beverage outlets, a health club and a spa. It will be the sixth Westin hotel in mainland China and the second in Beijing.

Seibu Holdings Inc., holder of the Seibu Group, will spend a total of US$1.7 billion in fiscal years 2006 and 2007 to renovate the Prince Hotels chain. The investment program will include US$0.25 billion to refurbish the Hakone Prince Hotel in Kanagawa Prefecture and US$340 million to build spa facilities and improve the cottages at the Karuizawa Prince Hotel in Nagano Prefecture. The holding company will improve its earnings structure by terminating unprofitable operations in a bid to get listed again within three to four years. The group was delisted from the Tokyo Stock Exchange in late 2004 due to a financial scandal.

The Shangri-La Group is expected to open its flagship business Traders Kuala Lumpur in July 2006. The 34-storey hotel, which is linked t the Kuala Lumpur Convention Centre, is owned by Kuala Lumpur Convention Centre Sdn Bhd, a wholly-owned subsidiary of KLCC (Holdings) Sdn Bhd. The hotel is The hotel owner has signed a 15-year management contract with Shangri-La International Hotel Management Ltd Hong Kong. The hotel will also have a health club, a gym and a one-and-a-half storey space allocated for its business centre.