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Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 20 November 2009 |
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Malaysia's YTL Corp Berhad (YTL) has announced plans to
position Starhill REIT as a US$470 million international
hospitality REIT by injecting new hotel assets and disposing
two retail properties. The hotel assets in the portfolio
currently include JW Marriott Hotel Kuala Lumpur and 60
units of serviced apartments within the Residences at the
Ritz-Carlton Kuala Lumpur. YTL also mentioned the
possibility of adding resorts in Pangkor Laut, Tanjong Jara
and Cameron Highlands, and the Vistana hotel chain in Kuala
Lumpur, Kuantan and Penang which could be added to the
portfolio. |
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Real estate developer, Nitesh Estates, is reported to be
planning to raise approximately US$215 million through the
sale of shares to finance the development of a Ritz-Carlton
hotel in Chennai, India. To be located on 36,400 square
metres of land in Chennai's Boat Club area and estimated to
cost approximately US$323 million, the overall development
is envisaged to feature 9,300 square metres of luxury retail
space in addition to the hotel. In early November 2009,
Nitesh had entered into a management agreement with
Ritz-Carlton on a 200-key hotel and 80 serviced residences. |
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According to the Myanmar Hoteliers Association, Vietnamese
businessmen will invest in a hotel in Yangon for the first
time. The proposed hotel is likely to be located along Kaba
Aye Pagoda Road, in close proximity to Sedona Hotel, Yangon.
It was also reported that a Vietnamese airline is planning
to add Myanmar as a new flight route. Currently, the city
has five other foreign-invested hotels, out of which three
are from Thailand and one each from China and Singapore. |
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According to the Beijing Statistics Bureau, Beijing recorded
approximately 430,000 international arrivals in October
2009, reflecting an 8% growth from the same month last year.
Out of the international arrivals, arrivals from Hong Kong,
Macau and Taiwan rose by 62% to record 72,000. Among the
growth markets, Japan registered a 28% increase to 50,000
arrivals while arrivals from the United States recorded
64,000 to reflect a 7% growth. On the other hand, visitors
from Korea declined by almost 20% to 25,000 arrivals as
compared to the same period in 2008. |
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TA Enterprise Berhad (TA) expects its earnings from hotel
operations to triple in 2010 following the acquisition of
its fourth hotel, the Swissôtel Merchant Court in Singapore.
Revenue from its hotel operations totalled approximately
US$23 million, or about 14% of the group's sales, for the
financial year ending 31 January 2009. Currently, TA owns
three other hotel assets: the Westin Melbourne, Radisson
Plaza Hotel Sydney and Aava Whistler Hotel in Canada. |
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According to an official statement, Vietnamese authorities
have announced that foreigners are allowed to own an
apartment in Vietnam for up to 50 years. Foreigners include
investors, persons who contribute to national development,
experts in various fields, persons with a Vietnamese spouse,
and non-real estate companies. Foreign owners will have to
sell or transfer the house when the ownership tenure ends.
In addition, the statement announced that foreign buyers
will receive their ownership titles within 30 days of
submitting applications to the construction department. |
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Absolute Share Price Performance, as at
20 November 2009
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Closing Share Price as at |
20 Nov 2009 |
13 Nov 2009 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.49 |
5.80 |
-5% |
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General Property Group |
0.64 |
0.65 |
-2% |
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Mirvac Group |
1.54 |
1.56 |
-1% |
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Ocean Capital Limited |
0.35 |
0.35 |
– |
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Thakral Holdings Group |
0.37 |
0.38 |
-3% |
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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 |
4.12 |
4.22 |
-2% |
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Dusit Thani Public Co Ltd |
30.00 |
30.00 |
– |
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The Erawan Group Public Co Ltd |
2.48 |
2.46 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.38 |
1.39 |
-1% |
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Laguna Resorts & Hotel Public Co Ltd |
43.25 |
43.25 |
– |
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Minor International Public Co Ltd |
10.40 |
11.00 |
-5% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
22.33 |
22.96 |
-3% |
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Beijing Capital Tourism Co Ltd |
22.73 |
19.69 |
15% |
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Jinling Hotel Corporation Ltd |
8.75 |
8.15 |
7% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
8.77 |
7.64 |
15% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.03 |
8.25 |
9% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.96 |
7.85 |
1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
36.05 |
35.44 |
2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.60 |
8.50 |
1% |
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Regal Hotels International Holdings Ltd |
3.26 |
2.95 |
11% |
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Sino Hotels Holdings Ltd |
2.38 |
2.30 |
3% |
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The Hong Kong & Shanghai Hotels Ltd |
11.74 |
11.68 |
1% |
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Korea Exchange (KRW) |
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The Shilla |
18,700 |
17,900 |
4% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.50 |
0.50 |
– |
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ART Management Limited |
1.04 |
1.05 |
-1% |
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Banyan Tree Holdings Limited |
0.74 |
0.75 |
-1% |
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CDL HTrust |
1.46 |
1.52 |
-4% |
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Hotel Grand Central Ltd |
0.69 |
0.66 |
5% |
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Hotel Properties Ltd |
2.05 |
2.05 |
– |
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Mandarin Oriental International Ltd (US$) |
1.30 |
1.29 |
1% |
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Pan Pacific Hotels Group Limited |
1.40 |
1.35 |
4% |
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Shangri-La Asia Limited (HK$) |
14.50 |
14.80 |
-2% |
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Stamford Land Corporation Ltd |
0.40 |
0.41 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
411.00 |
423.50 |
-3% |
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The Ambassador Hotel, Ltd |
38.20 |
38.30 |
0% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
142,900 |
152,400 |
-6% |
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Japan Hotel and Resort Inc |
117,300 |
125,000 |
-6% |
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Imperial Hotel, Ltd |
1,809 |
1,800 |
0% |
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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. |
