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| Home Inns To Develop More Franchised Hotels | Return to Headlines |
| Home Inns & Hotels Management Inc. will strive to increase the proportion of franchised hotels in its hotel portfolio, quoting Sun Jian, company CEO. Sun said that the proportion would be raised from the current 30 percent to 40 percent. "We could have multiple ways of development thanks to many business opportunities," said Sun, adding that the company will not raise franchise fee for the time being. Home Inns aims to be an international brand, but it would not open hotels overseas right now. Sun deemed that China has a huge potential market for economy hotels and Home Inns can jump to be a leading international brand, if it could do well on the Chinese market. | |
| Taiwan To Report In August 2007 On Whether To Allow Casinos | Return to Headlines |
| The Council for Economic Planning and Development (CEPD) will release a report in August 2007 on whether Taiwan should lift its ban on casinos in a bid to boost local tourism, the deputy head of the nation's top economic planning agency said. CEPD Vice Chairman Chang Ching Sen told reporters that originally the debate centered around whether casinos should be built on outlying islands such as Penghu, but that the CEPD is likely to broaden the scope and consider whether casinos could also be built in economically less-privileged areas on Taiwan. | |
| Four Seasons Place Forecasts Strong Rental Income Growth | Return to Headlines |
| Four Seasons Place, a luxury serviced residence in Hong Kong, has announced its expectation of rental income to increase to nearly US$51 million in 2007, up from about US$38 million in 2006. This is derived in the light of the continuing robust market and an ongoing lack of supply in the luxury serviced accommodation sector in Hong Kong. Located at the International Finance Centre, the drivers of Four Seasons Place's business in 2007 should include corporate executives from US and European multinationals, entrepreneurs with their own regional or global businesses and guests from the mainland China market. | |
| Australia's Stella Group Offers US$51 million For S8 Property Trust | Return to Headlines |
| Stella Group, a division of investment manager MFS Ltd, has made an offer for S8 Property Trust for US$51 million. The off-market offer is for the remaining units in S8 Property that Stella does not already own and it follows the successful merger of MFS Ltd and S8 Ltd in December 2006, which left Stella Group holding 35% of the trust. S8 Property has a portfolio of Australian investment properties and other assets currently valued in excess of US$92 million including accommodation units, apartments, property and associated contractual rights, commercial properties and land. | |
| Hong Kong Based - QI Ltd, Eyes Thailand's Tourist Resorts And Villas For Investment | Return to Headlines |
| Having invested more than US$12.5 million in Thailand's property sector since 2003, the diversified Hong Kong-based multinational QI Ltd plans to invest another US$31.3 million in 2007 and 2008, mainly in resorts and villas in Thailand's emerging tourist destinations such as Hua Hin, Chiang Mai and Khao Yai in Nakhon Ratchasima. The group, which first entered Thailand in 2000 with an e-commerce business, is now seeking the right local partner or the right project for a joint venture. QI Ltd's current investments in Thailand include serviced residences in Bangkok, accommodation units in Patong Beach Hotel, the proposed Prana Resorts in Koh Samui, telecommunications unit QI Comm Ltd and the Cimier Swiss watch business unit. | |
| China Hotel Investment Summit 2007 - Network With The Industry Leaders | Return to Headlines |
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Date: 18-20 April 2007
Broaden your knowledge on China's thriving hospitality real estate. Share the experience of high-profile personalities including:
*Speakers, agenda and other conference events are subject to change without notice To register contact: [email protected] or visit: http://www.chisummit.com |
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| HVS India And Singapore Address Change | Return to Headlines | ||
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| Absolute Share Price Performance, as at 30 March 2007 |
