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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 7 August 2009 |
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Accor's Pullman Hotels has announced the addition of five
hotels in Asia, namely China, Thailand and Vietnam,
expanding the existing portfolio of ten Pullman hotels and
resorts in Asia. The additional hotels opening in China
include the 300-room Pullman Shanghai Pudong Zhangjiang and
the 305-room Pullman Shanghai South which will open in 2010
and June 2013, respectively. The existing Aisawan Hotel
Pattaya in Thailand will be rebranded into Pullman Pattaya
Aisawan by end of 2009, featuring 353 guestrooms. Pullman
Phuket Arcadia Naithorn Beach in Thailand which offers 260
guestrooms and 20 villas is scheduled to open in late 2011.
Additionally, the Pullman Hanoi Horizon in Vietnam is
expected to open in mid-2011 with 250 rooms upon extensive
renovation. |
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Hong Kong-listed Guangzhou Investment Company Limited which is
involved primarily in real estate development and the
operation of toll highways is considering selling a hotel in
Tianhe District, Guangzhou, Guangdong Province, China The
hotel is currently under construction and has a potential
floor area of 750,000 square metres. |
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Marriott Hotel Manila is scheduled to open in late August 2009
inside Newport City, a new fully integrated resort city
located across Ninoy Aquino International Airport (NAIA)
Terminal 3 in the Philippines. With a panoramic view of the
Villamor Golf Club, the hotel is expected to feature 342
guestrooms and four food and beverage outlets, as well as
venues for business conferences, symposiums, social events
and weddings. |
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UBS has reportedly acquired a 40% stake in Stella Group by
writing off approximately US$420 million of its debt as part
of a recapitalisation deal. In conjunction with the deal,
Stella Group has also been restructured into two separate
divisions, Stella Hospitality Group and Stella Travel
Services Group, from the current single entity, Stella
Group. Stella Hospitality Group will operate its portfolio
of more than 140 resorts, hotels and apartments while Stella
Travel Services Group will operate as two independently
managed units with one unit focusing on the United Kingdom
and the other unit on Australia and New Zealand. Stella
Hospitality Group and Stella Travel Services Group will take
over US$205 million and US$34 million in long-term debts,
respectively, as a result of the restructuring deal. |
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City of Dreams, the integrated entertainment resort owned by
Melco Crown Entertainment Limited, welcomed a total of 1.1
million visitors in July 2009, or an average of 37,000
visitors per day. From its 353 mass market gaming tables,
the resort generated approximately US$132 million in table
games revenue, reflecting a 33% growth from June 2009.
Similarly, its 136 rolling chip gaming tables generated a
36% increase in revenue from June figures to record US$2.65
billion. Total rolling chip volume at Altira Macau also
witnessed a 13% increase in July to record approximately
US$3.17 billion. In addition, City of Dreams plans to open
the 800-key Grand Hyatt Macau by end of the third quarter of
2009. |
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Langham Hotels International (Langham), the hotel arm of Great
Eagle Holdings, plans to open 50 hotels in China within the
next ten years. Expected to cost approximately US$1.5
billion, Langham is looking to invest in ten hotels and
manage 40 hotels out of the envisaged 50 hotels. The company
has announced that it is on the verge of sealing the
agreements for five developments in key gateway cities in
China. Currently, Langham manages one hotel in Shanghai
while three hotels, two in Beijing and one in Guangzhou, are
under development. |
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Absolute Share Price Performance, as at
7 August 2009
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Closing Share Price as at |
7 August 2009 |
31 July 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
4.82 |
4.65 |
4% |
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General Property Group |
0.54 |
0.53 |
1% |
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Mirvac Group |
1.18 |
1.28 |
-7% |
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Ocean Capital Limited |
0.37 |
0.32 |
16% |
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Thakral Holdings Group |
0.24 |
0.21 |
12% |
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Living and Leisure Australia Group |
0.03 |
0.03 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.12 |
3.10 |
1% |
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Dusit Thani Public Co Ltd |
26.50 |
27.50 |
-4% |
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The Erawan Group Public Co Ltd |
1.80 |
1.79 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.40 |
1.40 |
– |
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Laguna Resorts & Hotel Public Co Ltd |
26.50 |
26.25 |
1% |
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Minor International Public Co Ltd |
8.60 |
8.45 |
2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
22.79 |
23.39 |
-3% |
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Beijing Capital Tourism Co Ltd |
18.15 |
18.42 |
-1% |
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Jinling Hotel Corporation Ltd |
8.77 |
8.81 |
0% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
7.26 |
7.37 |
-1% |
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Guangzhou Dong Fang Hotel Co Ltd |
7.85 |
8.01 |
-2% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.49 |
5.52 |
-1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
25.24 |
16.00 |
58% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.86 |
7.70 |
2% |
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Regal Hotels International Holdings Ltd |
2.65 |
2.49 |
6% |
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Sino Hotels Holdings Ltd |
2.70 |
2.65 |
2% |
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The Hong Kong & Shanghai Hotels Ltd |
8.80 |
8.90 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
17,250 |
17,000 |
1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.37 |
0.35 |
6% |
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ART Management Limited |
0.84 |
0.88 |
-5% |
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Banyan Tree Holdings Limited |
0.69 |
0.68 |
1% |
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CDL HTrust |
1.15 |
1.21 |
-5% |
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Hotel Grand Central Ltd |
0.65 |
0.67 |
-3% |
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Hotel Properties Ltd |
1.96 |
1.85 |
6% |
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Mandarin Oriental International Ltd (US$) |
1.33 |
1.28 |
4% |
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Pan Pacific Hotels Group Limited |
1.46 |
1.46 |
– |
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Shangri-La Asia Limited (HK$) |
12.20 |
12.08 |
1% |
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Stamford Land Corporation Ltd |
0.36 |
0.38 |
-5% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
412.00 |
426.00 |
-3% |
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The Ambassador Hotel, Ltd |
37.00 |
38.65 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
160,500 |
156,000 |
3% |
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Japan Hotel and Resort Inc |
151,100 |
154,000 |
-2% |
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Imperial Hotel, Ltd |
1,900 |
1,969 |
-4% |
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Return to Headlines |
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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. |
