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Featured in this Asia Pacific Hospitality Newsletter - Week Ending 24 July 2009
Announcing The Sixth Hotel Investment Conference - South Asia (HICSA) 2010
Ramada Brand Continues To Grow In China
Starwood Hotels And Resorts In Talks For More Hotel Investments In Malaysia
New Luxury Hotel In Hanoi To Be Operated By Marriott
Hotel Occupancy In Indonesia Stable Following Bombings
Accor To Operate New Hotel At Auckland Airport
Absolute Share Price Performance, As At 24 July 2009
Announcing The Sixth Hotel Investment Conference - South Asia (HICSA) 2010 Return to Headlines
HICSA 2010 is scheduled for April 7th and 8th, 2010 and is to be hosted at the Grand Hyatt, Mumbai. Over the past five years the conference has played host to 30 global CEOs, 2,200 plus delegates, and has had a wide range of attendees from owners, real estate developers, operators, bankers, architects and consultants. This exclusive event promises to once again line up some of the best known global faces of the hospitality industry. The conference has been regarded by many as the best networking opportunity in the region and a must attend for all associated to the hotel industry. Click here to view the website.
Ramada Brand Continues To Grow In China Return to Headlines
Wyndham Hotel Group’s second largest brand in China, Ramada Worldwide, has announced plans to increase its presence in China with the development of two new hotels in Chongqing, namely the 255-key Ramada Plaza Dazu and the 250-key Ramada Plaza Hechuan. These two hotels are developed under franchise agreements with Chongqing Huadi Wangchao Hotel Company Limited. Built to a height of nine storey each, the Ramada Plaza Dazu and Ramada Plaza Hechuan are expected to be operational in the first quarter of 2010 and by the end of the third quarter of 2009, respectively. The Ramada Plaza Dazu is expected to feature five food and beverage outlets and 1,400 square metres of meeting space, including a 580-square-metre ballroom. The Ramada Plaza Hechuan is envisaged to feature four food and beverage outlets and 1,200 square metres of meeting space including a 600-square-metre ballroom.
Starwood Hotels And Resorts In Talks For More Hotel Investments In Malaysia Return to Headlines
Starwood Hotels and Resorts Worldwide Inc (Starwood) is currently in talks with several parties for the possibility of new hotel openings under the group’s brands in the secondary states of Malaysia, including Penang, Malacca and the Iskandar Development Region in Johor. Currently, Starwood operates eight hotels in Malaysia with a total room inventory of 2,800. Additionally, the group will open the 300-key Four Points by Sheraton Sandakan, Sabah in 2011 and the 200-key luxury The St Regis Kuala Lumpur in 2014.
New Luxury Hotel In Hanoi To Be Operated By Marriott Return to Headlines
To be located adjacent to the National Convention Centre within Tu Liem District in Hanoi, Vietnam, the new 450-key JW Marriott Hotel Hanoi will be Marriott International Inc’s (Marriott) first hotel in the city. In accordance to the city’s masterplan through 2020, the nine-storey hotel is envisaged to be complemented by high-end residential apartments and townhouses, office buildings and recreational green space in its vicinity upon opening. The hotel, which is developed at a cost of US$130 million, will be seeking to target incentive and meeting travellers to Hanoi.
Hotel Occupancy In Indonesia Stable Following Bombings Return to Headlines
According to the local authorities, hotel occupancy across Indonesia has remained stable in the aftermath of the bomb blasts, which destroyed parts of JW Marriott Hotel Jakarta and The Ritz-Carlton, Jakarta, in the capital city. The occupancy trends of hotels in Jakarta have not shown any significant fluctuations while Bali hotels have not reported declines in occupancy. However, there have been minor groups of guests transferring from foreign-controlled hotels to local luxury ones. In addition, local hoteliers have warned of the repercussions of visitors avoiding Indonesia if there is no progress with the investigation of the bombings.
Accor To Operate New Hotel At Auckland Airport Return to Headlines
Accor SA (Accor) has entered into an agreement with Auckland International Airport and Tainui Group Holdings to jointly develop and operate a 260-key Novotel hotel at Auckland Airport. Located within walking distance from both the international and domestic terminals, the hotel is likely to offer extensive meeting facilities and two food and beverage outlets as well as leisure amenities. The hotel, which will be developed at a total cost of approximately US$43 million, is scheduled to commence operations in time for the Rugby World Cup in 2011.
Absolute Share Price Performance, as at 24 July 2009
Closing Share Price as at 24 July 2009 17 July 2009 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  4.50 4.40 2%
General Property Group 0.53 0.53
Mirvac Group 1.21 1.20
Ocean Capital Limited 0.32 0.35 -9%
Thakral Holdings Group 0.21 0.21
Living and Leisure Australia Group 0.02 0.02
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.06 2.98 3%
Dusit Thani Public Co Ltd 27.00 26.50 2%
The Erawan Group Public Co Ltd 1.71 1.70 1%
Grande Asset Hotels and Property Public Co Ltd 1.40 1.50 -7%
Laguna Resorts & Hotel Public Co Ltd 26.00 25.50 2%
Minor International Public Co Ltd 8.20 7.35 12%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  21.78 21.59 1%
Beijing Capital Tourism Co Ltd 18.66 17.30 8%
Jinling Hotel Corporation Ltd 7.98 7.93 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.72 8.18 -6%
Guangzhou Dong Fang Hotel Co Ltd 8.26 8.70 -5%
Shenzhen Century Plaza Hotel Co Ltd 5.78 6.04 -4%
Home Inns & Hotels Management Inc 17.39 15.51 12%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.55 7.35 3%
Regal Hotels International Holdings Ltd 2.10 1.98 6%
Sino Hotels Holdings Ltd 2.60 2.55 2%
The Hong Kong & Shanghai Hotels Ltd 8.87 8.65 3%
Korea Exchange (KRW)
The Shilla  15,800 15,100 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.35 0.30 17%
ART Management Limited 0.89 0.81 10%
Banyan Tree Holdings Limited 0.64 0.56 14%
CDL HTrust  1.06 0.95 12%
Hotel Grand Central Ltd 0.63 0.56 13%
Hotel Properties Ltd 1.85 1.65 12%
Mandarin Oriental International Ltd (US$) 1.26 1.24 2%
Pan Pacific Hotels Group Limited 1.42 1.31 8%
Shangri-La Asia Limited (HK$) 12.00 11.50 4%
Stamford Land Corporation Ltd 0.38 0.34 12%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  435.00 438.00 -1%
The Ambassador Hotel, Ltd  38.80 38.05 2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  157,200 153,800 2%
Japan Hotel and Resort Inc 147,200 151,000 -3%
Imperial Hotel, Ltd  1,930 1,820 6%
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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