Featured in this Asia Pacific Hospitality Newsletter - Week Ending 2 March 2007
Hotel Construction Projects Under Way In Taiwan
Millennium & Copthorne Mulls Reits Move For Hotels
Aman Resorts To Open In Malaysia
Banyan Tree To Double Mexican Projects
Kingdom Hotel Investments Acquires Four Seasons Hotel, Langkawi, Malaysia For US$114.2 Million
China Hotel Investment Summit 2007 - Network With Industry Leaders
Hotel Investment Conference - South Asia (HICSA) 2007
Absolute Share Price Performance, As At 2 March 2007


Hotel Construction Projects Under Way In Taiwan Return to Headlines

A number of hotel construction projects have been launched throughout Taiwan or are being contemplated by various financial groups in anticipation of a government decision to allow more Chinese tourists to visit the country. Officials at the Tourism Bureau under the Ministry of Communication and Transportation said that most of the construction projects are scheduled for completion within three years. Taiwan reached an agreement with China in 2006 to launch regular direct cross-Taiwan Strait charter passenger flights for holidays and case-by-case charter passenger and cargo flights. The two sides are expected to hold further talks on allowing Chinese tourists to visit Taiwan, as the Cabinet-level Mainland Affairs Council has indicated that the planned full opening of Taiwan to Chinese tourists is an established policy of the government.


Millennium & Copthorne Mulls Reits Move For Hotels Return to Headlines

Millennium & Copthorne (M&C) is considering transferring some of its hotels into the CDL Hospitality Trust Reit it established in Singapore in 2006. It may also add new Reits, which are tax efficient property vehicles, in other regions including London. M&C, which operates 108 hotels around the world, announced a 36% rise in full-year pre-tax profit to US$253.2 million. Revenue increased 8.6 per cent to US$1.3 billion. It said that trading for the first six weeks of 2007 was in line with the strong trends seen in 2006.


Aman Resorts To Open In Malaysia Return to Headlines

The Iskandar Development Region (IDR) in South Johor, Malaysia, has attracted investments for hotels as part of its development. Khazanah Nasional Bhd, Kota Selat Tebrau Sdn Bhd, Symphony International Holdings Ltd and Aman Resorts Ltd signed an agreement to develop an Aman Resort in the area. Opening in 2009, this would be Aman Resorts' first hotel to be operated in Malaysia.


Banyan Tree To Double Mexican Projects Return to Headlines
Banyan Tree Holdings has announced its involvement in the design and planning, development and management of two more resorts in Mexico - the Banyan Tree Chamela and the Banyan Tree Los Cabos. Collaborating with local entities, Banyan Tree will take a 20 per cent share each in the two projects, with an option to buy a further 10 per cent within 18 months of the formal openings of each resort. The two projects would also double Banyan Tree's projects in Mexico to four, with total development costs exceeding US$220 million. The latest developments come shortly after the company announced early 2007 contracts to manage and develop hotels and tourist facilities in China, Vietnam and United Arab Emirates.

Kingdom Hotel Investments Acquires Four Seasons Hotel, Langkawi, Malaysia For US$114.2 Million Return to Headlines
Kingdom Hotel Investments (KHI) has acquired the Four Seasons Hotel in Langkawi, Malaysia, through a joint venture company, which is 90% owned by KHI and 10% by European Hotels Corporation Ltd, for US$114.2 million. Set on Langkawi's Northern cape, the resort is situated on an exclusive 35 hectare location and features 91 suites, villas and 1.4 kilometres of pristine beachfront. KHI plans to introduce another 20 keys to the resort and develop 14 luxury villas that will be sold as Four Seasons Residences. This expansion and development is expected to cost US$35 million and to be completed in Q4 2008.

China Hotel Investment Summit 2007 - Network With Industry Leaders Return to Headlines

Date: 18-20 April 2007
Venue: Grand Hyatt Shanghai

Join us at the most established hotel investment summit in China. Delegates to the China Hotel Investment Summit 2007 will have the opportunity to network with leading hospitality real estate owners, investors, financiers, management groups, academia, government bodies and others, as well as take part in engaging discussions on the hottest topics on China's hospitality real estate investments. Co-hosted by Beijing International Studies University and HVS International, 2007 will prove to be an exciting summit which focuses on 'Investment in China's Hospitality Real Estate'.

Catch the opportunity to hear from*:

  • Prof. Dai Bin Director, Academic Research Office, Beijing International Studies University and President, Beijing Hospitality Institute
  • Dr. Russell Smith - Vice Dean, Cornell-Nanyang Institute of Hospitality Management
  • Choe Peng Sum - Chief Executive Officer, Frasers Hospitality Pte Ltd
  • Scott Woroch - Senior Vice President Asia Pacific, Four Seasons Hotels & Resorts
  • Lyndall De Marco - Executive Director, IBLF Tourism Partnership
  • A. Patrick Imbardelli - Chief Executive Asia Pacific, InterContinental Hotels Group
  • Paul Foskey Executive Vice President, Asia Pacific, Marriott International
  • Miguel Ko - President, Starwood Asia Pacific Hotels & Resorts
  • Tim Gao Chief Executive Officer, TEDA Hotels Management Limited
    and many more...

*Speakers, agenda and other conference events are subject to change without notice

To register contact: chis@chisummit.com or visit: http://www.chisummit.com


Hotel Investment Conference - South Asia (HICSA) 2007 Return to Headlines

Hotel Investment Conference - South Asia (HICSA) 2006 was an astounding success! In just two years of it's existence, HICSA has become extremely popular.

The event will be held on April 4-5, 2007 in Grand Hyatt, Mumbai, India. The conference is valued for its networking opportunities and content-rich sessions. HICSA has become a "do not miss" event for all those who are looking to invest in South Asia. India calling... Are you ready?

Notable Speakers:

  • Paul Foskey - Executive Vice President - Development, Ritz Carlton
  • Madhu Rao - Chief Financial Officer, Shangri La Asia
  • Raymond "Rip" Gellein, Jr. - President - Global Development, Starwood Hotels & Resorts
  • Paul MacPherson - Chief Development Officer, Jumeirah International
  • Thomas J. Monahan - Sr. Vice President - Acquisitions & Development, Starwood Asia Pacific Hotels & Resorts
  • Raymond Bickson - Managing Director, IHCL
  • Sonu Shivdasani - Chairman & CEO, Six Senses Resorts & Spas
  • Nicholas Clayton - President, Kor Hotel Group
  • Tim Hansing - Sr. Vice President - Development, Kingdom Hotels Investments

To register for the event, contact: hicsa@hvs.com or click here.

HICSA Website  |  Agenda  |  Register Now  |  Sponsors  |  Accommodation  |  More Information


Absolute Share Price Performance, as at 2 March 2007
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