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Featured
in this Asia Pacific Hospitality Newsletter - Week Ending 6
February 2009 |
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| Australia’s
Sid Carter, project developer for a US$20.2 million hotel located
in Strahan, Tasmania, Australia, has drafted a new design for
the proposed hotel after the Resource Management and Planning
Appeals Tribunal upheld an appeal against the original proposal
submitted by Federal Hotels, which manages the Abt Railway and
tourist accommodation at Strahan. The developer is expected
to lower the height of the proposed hotel from four storeys
to three storeys and the hotel will be landscaped to blend into
its surroundings. |
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Ritz-Carlton
Postpones US$65 Million Hotel Project In Bintan Island, Indonesia |
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to Headlines |
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| As
a result of the global financial crisis, The Ritz-Carlton Company
(Ritz-Carlton) and Sahid Group have decided to postpone a resort
and hotel development on Bintan Island, Indonesia. Ritz-Carlton
had planned to develop a US$65 million five-star hotel, which
includes 60 luxurious villas, in the Lagoi resort area on Bintan
Island. In 2008, approximately 397,000 tourists visited Lagoi
and the area is expected to welcome at least the same number
of visitors in 2009. |
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| The
opening ceremony for a new US$430 million mixed-use development
was held on 4 February 2009 in Hanoi, Vietnam. The mixed-use
development is envisaged to feature a 30-storey hotel component,
a 30-storey residential block and 60,000 square metres of office
space. Located in Me Tri Commune in Tu Liem District, the development
sits on approximately 38,200 square metres of land area. The
residential component is scheduled to be completed by end-2010
while the hotel and office building are expected to commence
operations by the end of 2011. |
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| The
US$120 million Ocean 9 Casino and Hotel Resort, which also features
a convention centre, is scheduled to open by 2011 in the Subic
Bay Freeport, the Philippines. Located near the Subic Bay’s
Alava Pier, the 15-storey integrated development is designated
as a critical infrastructure in Subic Bay’s efforts to
attract more international investors and tourists. Subic Bay
Freeport was converted into a tourism and industrial zone by
the Subic Bay Metropolitan Authority (SBMA) in 1992 and its
tourism attractions include the Bat Kingdom and the Subic Bay
Yacht Club. |
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| Accor,
the world’s fourth largest hotel group, is converting
the existing 653-key Shanghai Skyway Landis Hotel into its luxury
brand, Pullman, in March 2009. It was understood that the management
agreement was terminated due to low occupancy and Accor is looking
to target more business guests to alleviate this problem. Located
in Luwan District, this new Pullman hotel will feature more
than 650 rooms. There are currently five Pullman hotels located
in Beijing, Shanghai, Dongguan and Sanya in China. |
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Learn
From the Best - HVS Academy
CHIS 2009 will bring together leading international experts
who will speak on specialized hospitality real estate asset
subjects the HVS academy classes will include the following:
- Hotel Valuation – Knowing Your Asset Values
- Golf Courses – Insights into Successful Golf Courses
- Shared Ownership – Understanding the Business Model
- Managing Your Human Capital
- Environmental Sustainability Solutions for Hotels &
Resorts
These specialized classes will be conducted by leading international
experts in the hospitality industry and will include:
- Steve Rushmore, President & Founder HVS Global
- Darius Hatami, President HVS Golf Services
- Philip Bacon, Managing Director HVS Shared Ownership Services
- Mark Keith, Managing Director HVS Executive Search
- John Scaggs, Director HVS Eco Services
- David Ling, Managing Director HVS Asia Pacific
- Greg Hartmann, Managing Director HVS Boulder
The 5th 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 join us and attend the HVS academy and learn from the
best.
Save the date and sign up today! For the registration form
and more information, visit www.chinahotelsummit.com
Entering its fifth installment, CHIS is the most established
and successful hotel investment conference in China. It is
widely recognised as an international level event held in
Shanghai annually and attended by over 600 industry leaders,
owners, developers, investors, financiers and professionals
from China and 22 other countries. Co-hosted by Beijing International
Studies University (BISU), Beijing Hospitality Institute (BHI)
and HVS, the 2009 event is expected to be an important platform
for key industry players with an interest in China.
For other information and queries, please contact:
Adeline Phua
HVS
Tel: +65 62934415 Ext 17
Fax: +65 62935426
Email: [email protected] or
[email protected]
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Absolute
Share Price Performance, as at 6 February 2009 |
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Closing Share Price as at |
6
February 2009 |
30
January 2009 |
%
Change |
| Australia
Stock Exchange (ASX) |
| Amalgamated
Holdings |
4.45 |
4.55 |
-2% |
| General
Property Group |
0.61 |
0.76 |
-20% |
| Mirvac
Group |
0.98 |
1.15 |
-14% |
| Ocean
Capital Limited |
0.30 |
0.30 |
– |
| Thakral
Holdings Group |
0.45 |
0.46 |
-2% |
| Living
and Leisure Australia Group |
0.02 |
0.02 |
– |
| Bangkok
Stock Exchange (THB) |
| Central
Plaza Hotel Public Co Ltd |
3.12 |
3.10 |
1% |
| Dusit
Thani Public Co Ltd |
19.00 |
19.00 |
– |
| The
Erawan Group Public Limited |
1.24 |
1.20 |
3% |
| Grande
Asset Development |
2.18 |
2.18 |
– |
| Laguna
Resorts & Hotel Public Co Ltd |
24.30 |
24.30 |
– |
| Minor
International PCL |
7.45 |
7.20 |
3% |
| Hong
Kong Stock Exchange (HK$) |
| Miramar
Hotel International Ltd |
5.40 |
5.40 |
– |
| Regal
Hotels International Holdings Ltd |
1.99 |
1.84 |
8% |
| Sino
Hotels Holdings Ltd |
2.75 |
2.75 |
– |
| The
Hong Kong & Shanghai Hotels Ltd |
5.27 |
5.74 |
-8% |
| Singapore
Stock Exchange (S$) |
| Amara
Holdings Ltd |
0.23 |
0.23 |
– |
| ART
Management Pte Ltd |
0.48 |
0.56 |
-15% |
| Banyan
Tree Holdings Limited |
0.47 |
0.47 |
– |
| CDL
HTrust |
0.53 |
0.65 |
-18% |
| Hotel
Grand Central Ltd |
0.54 |
0.53 |
2% |
| Hotel
Plaza Ltd |
1.06 |
1.13 |
-6% |
| Hotel
Properties Ltd |
1.09 |
1.06 |
3% |
| Mandarin
Oriental International Ltd (US$) |
0.82 |
0.80 |
– |
| Shangri-La
Asia Ltd |
8.32 |
8.88 |
-6% |
| Stamford
Land |
0.27 |
0.25 |
– |
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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. |
