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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 7 August 2009
Pullman Hotels Expands With Five Additional Hotels
Guangzhou Investment Considers Selling Guangzhou Hotel
Marriott Hotel Manila To Open In August 2009
Australia's Stella Group To Undergo Business Restructuring
City Of Dreams Records Improved Performance In Second Month Of Operations
Langham Looking To Expand In China With 50 Hotels
Absolute Share Price Performance, As At 7 August 2009
Pullman Hotels Expands With Five Additional Hotels Return to Headlines
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.
Guangzhou Investment Considers Selling Guangzhou Hotel Return to Headlines
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.
Marriott Hotel Manila To Open In August 2009 Return to Headlines
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.
Australia's Stella Group To Undergo Business Restructuring Return to Headlines
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.
City Of Dreams Records Improved Performance In Second Month Of Operations Return to Headlines
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.
Langham Looking To Expand In China With 50 Hotels Return to Headlines
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$1.5 billion, Langham is looking to invest in ten hotels and manage 40 hotels out of the envisaged 50 hotels. The company has announced that it is on the verge of sealing the agreements for five developments in key gateway cities in China. Currently, Langham manages one hotel in Shanghai while three hotels, two in Beijing and one in Guangzhou, are under development.
Absolute Share Price Performance, as at 7 August 2009
Closing Share Price as at 7 August 2009 31 July 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  4.82 4.65 4%
General Property Group 0.54 0.53 1%
Mirvac Group 1.18 1.28 -7%
Ocean Capital Limited 0.37 0.32 16%
Thakral Holdings Group 0.24 0.21 12%
Living and Leisure Australia Group 0.03 0.03
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.12 3.10 1%
Dusit Thani Public Co Ltd 26.50 27.50 -4%
The Erawan Group Public Co Ltd 1.80 1.79 1%
Grande Asset Hotels and Property Public Co Ltd 1.40 1.40
Laguna Resorts & Hotel Public Co Ltd 26.50 26.25 1%
Minor International Public Co Ltd 8.60 8.45 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  22.79 23.39 -3%
Beijing Capital Tourism Co Ltd 18.15 18.42 -1%
Jinling Hotel Corporation Ltd 8.77 8.81 0%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.26 7.37 -1%
Guangzhou Dong Fang Hotel Co Ltd 7.85 8.01 -2%
Shenzhen Century Plaza Hotel Co Ltd 5.49 5.52 -1%
Home Inns & Hotels Management Inc 25.24 16.00 58%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.86 7.70 2%
Regal Hotels International Holdings Ltd 2.65 2.49 6%
Sino Hotels Holdings Ltd 2.70 2.65 2%
The Hong Kong & Shanghai Hotels Ltd 8.80 8.90 -1%
Korea Exchange (KRW)
The Shilla  17,250 17,000 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.37 0.35 6%
ART Management Limited 0.84 0.88 -5%
Banyan Tree Holdings Limited 0.69 0.68 1%
CDL HTrust  1.15 1.21 -5%
Hotel Grand Central Ltd 0.65 0.67 -3%
Hotel Properties Ltd 1.96 1.85 6%
Mandarin Oriental International Ltd (US$) 1.33 1.28 4%
Pan Pacific Hotels Group Limited 1.46 1.46
Shangri-La Asia Limited (HK$) 12.20 12.08 1%
Stamford Land Corporation Ltd 0.36 0.38 -5%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  412.00 426.00 -3%
The Ambassador Hotel, Ltd  37.00 38.65
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  160,500 156,000 3%
Japan Hotel and Resort Inc 151,100 154,000 -2%
Imperial Hotel, Ltd  1,900 1,969 -4%
Return to Headlines
HVS Beijing
David Ling
HVS Hong Kong
Mark Keith & David Ling
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
David Ling
HVS Singapore
David Ling
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.

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