| Sign
up to automatically receive HVS mailings |
| |
 |
Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 10
April 2009 |
 |
|
 |
| |
| |
| |
|
| Lotte
Hotels and Resorts has announced the opening of the 284-key
Lotte City Hotel Mapo in Mapo, Seoul, South Korea. The business
hotel is likely to feature 25-square-metre to 33-square-metre
guestrooms, a food and beverage outlet, a conference room, a
fitness centre, an indoor pool, a medical clinic and a spa.
With four underground storeys and eight storeys above ground,
the hotel is located nearby Gongdeok Station on subway Line
5 and 6, which is expected to be connected to the Incheon International
Airport via the direct rail link. |
|
| |
| |
|
| The
UK’s Duet Group’s US$165 million private equity
fund, Duet India Hotels, has expressed interest to acquire hospitality
projects from developers, such as the New Delhi-based Parsvnath
Developers (Parsvnath), who are facing difficulties in financing
these projects during the current economic downturn and looking
to dispose their stakes in hotel projects and slow down their
development plans. For instance, Parsvnath has cut back its
hotel developments from the previously planned 100 hotels to
20 hotels, among which the focus is expected to be on six projects
located in Hyderabad, Ahmedabad, Lucknow, Goa, Mohali and Shirdi.
In addition, Unitech Limited sold its 200-key Courtyard by Marriott
in Gurgaon for approximately US$50 million to Roop Madan, a
high net-worth individual, to reduce its debt. |
|
| |
| |
|
| Central
Sky Lounge Apartment Hotel, which is owned by Brisbane-based
Central Apartments and Hotels, will open on 1 May 2009 in Melbourne,
Australia. The 152-key development, which costs a total of US$45
million, is located above an old bus terminal along Therry Street.
In addition to offering studio and one-bedroom apartments, the
property also features a sky lounge area on its highest level
and provides uninterrupted views of the Melbourne city skyline. |
|
| |
| |
|
| Offering
a total of 67 keys, the Aman New Delhi has commenced operations
in New Delhi, the capital of India. The resort, which is located
in close proximity to landmarks such as Humayun's Tomb and Purana
Qila, was designed by Australian architect, Kerry Hill. In addition
to the 67 keys, the resort also features two restaurants and
a spa with eight treatment rooms. Hotel rates are expected to
start from US$670. |
|
| |
| |
|
| According
to the Guangzhou Hotels Association, hotels are cutting rates
by up to 20% in an effort to attract overseas guests during
the 105th Canton Fair, scheduled to take place from 15 April
to 7 May 2009. Currently, room rates for a five-star hotel are
advertised at between approximately US$262 and US$338 with many
hotels improving the quality of their services concurrently.
The 105th Canton Fair, which will be held in three phases, is
likely to accommodate more than 55,000 stands with a total exhibition
area of up to 1.1 million square metres. |
|
| |
| |
|
|
FOCUS ON CHINA – ASIA’S POWERHOUSE 
HVS,
Beijing International Studies University (BISU) and Beijing
Hospitality Institute (BHI) will be co-hosting the China Hotel
Investment Summit (CHIS) for the fifth time from 22 to 24 April
2009. The Summit will be organised jointly by HVS and Phoenix
Consulting, and the event will be held at Grand Hyatt Shanghai.
The Summit will witness a gathering of hospitality captains,
business leaders and hotel investors from China and around the
world to discuss the latest hotel investment trends and market
developments in Greater China and the rest of Asia. The theme
of the 2009 conference is `Focus on China – Asia’s
Powerhouse’. The Summit has invited leading expert speakers
and panellists, as well as organised social events for networking
opportunities to be maximised.
To register as a delegate or participate as a sponsor, please
visit http://www.chinahotelsummit.com.
Dates: 22–24 April 2009
Venue: Grand Hyatt Shanghai
For other information and queries, please contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: [email protected] or [email protected] |
|
| |
|
Absolute
Share Price Performance, as at 10 April 2009 |
| |
|
Closing Share Price as at |
10
April 2009 |
3
April 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.04 |
3.94 |
3% |
| General
Property Group |
0.47 |
0.51 |
-9% |
| Mirvac
Group |
1.00 |
1.06 |
-6% |
| Ocean
Capital Limited |
0.30 |
0.26 |
– |
| Thakral
Holdings Group |
0.26 |
0.27 |
-2% |
| Living
and Leisure Australia Group |
0.02 |
0.02 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.10 |
3.08 |
1% |
| Dusit
Thani Public Co Ltd |
20.00 |
19.90 |
1% |
| The
Erawan Group Public Limited |
1.28 |
1.28 |
– |
| Grande
Asset Development |
1.51 |
1.51 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
25.00 |
24.50 |
2% |
| Minor
International PCL |
6.30 |
6.50 |
-3% |
| China
Shanghai Stock Exchange (RMB) |
| Shanghai
Jinjiang International Hotels Development |
14.40 |
13.52 |
7% |
| Beijing
Capital Tourism Co Ltd |
17.09 |
16.12 |
6% |
| Jinling
Hotel Corporation Ltd |
6.27 |
6.01 |
4% |
| China
Shenzhen Stock Exchange (RMB) |
| Hunan
Huatian Great Hotel Co Ltd |
10.72 |
10.71 |
– |
| Guangzhou
Dong Fang Hotel Co Ltd |
5.45 |
5.49 |
-1% |
| Shenzhen
Century Plaza Hotel Co Ltd |
4.02 |
3.76 |
7% |
| NASDAQ
(US$) |
|
Home Inns & Hotels Management Inc |
12.96 |
11.84 |
9% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.25 |
5.18 |
1% |
| Regal
Hotels International Holdings Ltd |
1.51 |
1.44 |
5% |
| Sino
Hotels Holdings Ltd |
2.50 |
2.50 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
5.52 |
5.25 |
5% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.23 |
0.22 |
5% |
| ART
Management Pte Ltd |
0.43 |
0.45 |
-4% |
| Banyan
Tree Holdings Limited |
0.37 |
0.38 |
-3% |
| CDL
HTrust |
0.55 |
0.56 |
-2% |
| Hotel
Grand Central Ltd |
0.52 |
0.52 |
– |
| Hotel
Plaza Ltd |
0.93 |
0.92 |
1% |
| Hotel
Properties Ltd |
1.00 |
0.99 |
1% |
| Mandarin
Oriental International Ltd (US$) |
0.75 |
0.79 |
-5% |
| Shangri-La
Asia Ltd (HK$) |
9.30 |
9.32 |
– |
| Stamford
Land |
0.25 |
0.25 |
– |
|
| |
|
Return to Headlines |
| |
|
| |
| Disclaimer:
Information provided above has been gathered from various market sources.
HVS has not independently verified the accuracy of the information
provided. Interested parties should not rely on the information as
statement of facts and are advised to make their own independent checks
to verify the information provided. For further information, please
feel free to contact HVS
Singapore. |
