|Featured in this Asia Pacific Hospitality Newsletter - Week Ending 11 April 2008|
|Connect With Hotel Industry Leaders And Investors At 4th China Hotel Investment Summit||Return to Headlines|
Learn from the best and network with the most influential in the hospitality real estate arena in this region at the 4th China Hotel Investment Summit. Attendees of this Summit include leading hospitality real estate owners, investors, financiers, academia and government bodies. The Summit is co-hosted by HVS and Beijing International Studies University (BISU) and jointly organised by HVS and Phoenix Consulting. The event will be held at the Grand Hyatt Shanghai from 16 to 18 April 2008.
Grab the opportunity to hear from:
The 4th China Hotel Investment Summit is the most established and successful hotel investment conference in China, attended by over 600 industry leaders from China and 22 other countries. Please visit www.chinahotelsummit.com for registration and sponsorship information. For additional information, please contact:
|A New Aman Resort Within Beijing's Summer Palace||Return to Headlines|
|Some of the ancient buildings at the 258-year-old Summer Palace in Beijing are envisaged to be converted into an Aman resort and a private exclusive social club by late 2008. The hotel will be situated just a few metres from the Garden of Harmonious Interests, or Xiequyuan, at the northern tip of the park, while the club is likely to feature multiple dining and special function venues, a lounge, a performance pavilion, a boutique hotel and an underground spa. Despite initial objections by the public to house commercial activities in one of China's national treasures, authorities and the Singapore-based hotel management have assured that the plan would fit well with the ancient imperial garden.|
|Best Western In Collaboration With Universal Studios Japan||Return to Headlines|
|Best Western International is teaming up with Universal Studios Japan to launch the 190-key Best Western Premier Hotel Osaka Bay. The 12-storey proposed hotel is likely to commence operations in July 2009 and feature three concepts – Spire, Moon Light and Day Light. According to the hotel management, the proposed hotel is expected to target families and leisure tour groups, and record at least 70% in occupancy within the first year of operations.|
|Bangkok's Nai Lert Park Planning For Expansion||Return to Headlines|
|The Raffles Hotel and Resorts-managed Nai Lert Park Bangkok Hotel is contemplating to develop a serviced apartments at the back of the hotel's undeveloped land on Wireless Road in downtown Bangkok, Thailand. According to the management, the owner is currently conducting a feasibility study and the development is likely to be completed by 2010 if plans for the 56,000-square-metre Nai Lert Park land plot proceed. On another front, the hotel is expecting to start renovating its 101-room Garden Wing and enlarge its spa facilities to accommodate more treatment and services. This is aimed at attracting more local guests to use its facilities. Currently, the hotel's Thai guests make up only 15% of its total guests.|
|Sy-Led SM Hotels Corporation To Consolidate Hotel Properties||Return to Headlines|
|Shoemart Incorporated, the property holding firm of the Sy family, has formed SM Hotels Corporation ('SM Hotels') to consolidate its hotel properties and create a distinct business group for this booming sector. SM Hotels, which will comprise 10,000 shares worth approximately US$2.40 each, will be a subsidiary of listed company SM Investments Corporation ('SM Investments'). SM Hotels is expected to be in the business of operating and maintaining clubhouses, restaurants, entertainment, leisure and recreational facilities within hotels and resorts it may own or lease. Three projects worth a total of US$135 million are in the pipeline. They include the US$16 million expansion of Taal Vista Hotel in Tagaytay City, a US$62 million 400-room Sofitel in Cebu City next to the SM City Cebu Mall, and the US$57 million Radisson Hotel and Regent Hotels & Resorts within the SM Mall of Asia Complex in Pasay City.|
|Investment Opportunities In Bintan Island||Return to Headlines|
Lagoi Bay, located in Bintan Island (50 minutes' ferry ride from Singapore), is earmarked for a comprehensive integrated resort development featuring 100-key to 500-key international-standard resorts, residences and a pedestrian mall for people to shop, dine, be entertained and enjoy the beach village atmosphere. Seven exclusive beachfront land parcels located in Lagoi Bay are currently being offered for hotel and resort developments. Presentations of this rare investment opportunity will be held at Cityscape Asia – Asia's major international property development and investment event – from 15 April to 17 April, at Singapore's Suntec International Convention & Exhibition Centre, booth J10.
|Absolute Share Price Performance, as at 11 April 2008|