|
Sign up to automatically receive HVS mailings |
| |
|
Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 30 October 2009 |
|
 |
| |
| |
| |
|
|
|
The GPT Group (GPT) has entered into an exchange of contracts
for the sale of Four Points by Sheraton, Darling Harbour,
Sydney, with an offshore investor. The sale price for the
630-room hotel is reported to be approximately US$167
million at a yield of 8.8% and the transaction is expected
to be completed by the end of 2009. GPT has announced that
the sale of its hotel assets has allowed the group to remain
focussed on its core business of retail, office and business
park/industrial real estate. The sales of GPT's remaining
hotel assets, Brampton Island Resort and Ayers Rock Resort,
are also currently underway. |
|
| |
| |
|
|
|
National Properties Holdings, a wholly owned subsidiary of
Hong Kong-listed National Electronics Holdings, has
announced plans to expand its hotel portfolio over the next
three years. Currently, the group has two boutique hotels in
operation: the 50-key Le Rivage in Western and the 28-key
Putman in Central. An additional three hotels are currently
under development across Hong Kong while another boutique
hotel located at Queen's Road Central is expected to break
ground before the end of 2009. |
|
| |
| |
|
|
|
Overall, according to STR Global, hotels in Asia Pacific have
recorded an average occupancy of 62.3% in September 2009,
reflecting a 1.4-percentage-point growth from September
2008. Average rates declined by 7.7% from the previous year
to record US$123.72. Among the key cities, Beijing recorded
the highest occupancy growth at 18.8 percentage points,
followed by Phuket (13.3 percentage points) and Sydney (10.5
percentage points). In terms of average rate growth, Bali
led the Asia Pacific cities by registering a 15.4% growth
from the previous year to record US$130.64. Tokyo and Osaka
also witnessed double-digit average rate growth during the
same period. |
|
| |
| |
|
|
|
Indian Hotels Company Limited, owner of the Taj hotel chain,
has announced the partial opening of the heritage wing of
the Taj Mahal Palace and Tower Hotel, a day before the first
anniversary of the terrorist attack on its Mumbai property.
The rooms, food and beverage outlets and ballroom in the
hotel will be opened in phases between December 2009 and
April 2010. The company is also looking to open hotels in
countries such as Mexico, Morocco and other overseas
markets. |
|
| |
| |
|
|
|
Luxury hotel chain Ritz-Carlton has announced the opening of a
312-room hotel in Hong Kong's tallest building, the
484-metre International Commerce Centre (ICC) in 2010.
Occupying the top 17 floors of the ICC, the top floor of the
hotel is expected to be on the 118th storey and will
overlook Hong Kong's Victoria Harbour from Kowloon where the
ICC is located. |
|
| |
| |
|
|
|
According to market sources, there has been increasing
interest in the acquisition of overseas properties by
Chinese entities. This is due to the rising affluence of
mainland Chinese residents and growing financial strength of
mainland Chinese companies, as well as the increase in
mergers and acquisitions of foreign companies. In addition,
demand for overseas has been driven by emigration needs and
high net-worth individuals looking to diversify their
portfolio. |
|
| |
|
|
Absolute Share Price Performance, as at
30 October 2009
|
| |
|
Closing Share Price as at |
30 Oct 2009 |
23 Oct 2009 |
% Change |
|
Australia Stock Exchange (ASX) |
|
Amalgamated Holdings Limited |
5.97 |
5.85 |
2% |
|
General Property Group |
0.59 |
0.64 |
-9% |
|
Mirvac Group |
1.50 |
1.63 |
-8% |
|
Ocean Capital Limited |
0.39 |
0.40 |
– |
|
Thakral Holdings Group |
0.44 |
0.44 |
-1% |
|
Living and Leisure Australia Group |
0.03 |
0.03 |
-3% |
|
Bangkok Stock Exchange (THB) |
|
Central Plaza Hotel Public Co Ltd |
4.20 |
4.28 |
-2% |
|
Dusit Thani Public Co Ltd |
31.00 |
32.00 |
-3% |
|
The Erawan Group Public Co Ltd |
2.42 |
2.44 |
-1% |
|
Grande Asset Hotels and Property Public Co Ltd |
1.32 |
1.30 |
2% |
|
Laguna Resorts & Hotel Public Co Ltd |
38.25 |
35.75 |
7% |
|
Minor International Public Co Ltd |
10.70 |
10.90 |
-2% |
|
China Shanghai Stock Exchange (RMB) |
|
Shanghai Jinjiang International Hotels Development |
20.15 |
19.90 |
1% |
|
Beijing Capital Tourism Co Ltd |
16.50 |
18.02 |
-8% |
|
Jinling Hotel Corporation Ltd |
7.17 |
7.56 |
-5% |
|
China Shenzhen Stock Exchange (RMB) |
|
Hunan Huatian Great Hotel Co Ltd |
6.90 |
7.32 |
-6% |
|
Guangzhou Dong Fang Hotel Co Ltd |
7.49 |
7.94 |
-6% |
|
Shenzhen Century Plaza Hotel Co Ltd |
6.82 |
6.87 |
-1% |
|
NASDAQ (US$) |
|
Home Inns & Hotels Management Inc |
|
30.79 |
-100% |
|
Hong Kong Stock Exchange (HK$) |
|
Miramar Hotel & Investment Co Ltd |
8.55 |
8.45 |
1% |
|
Regal Hotels International Holdings Ltd |
2.93 |
2.98 |
-2% |
|
Sino Hotels Holdings Ltd |
2.39 |
2.36 |
1% |
|
The Hong Kong & Shanghai Hotels Ltd |
11.14 |
10.94 |
2% |
|
Korea Exchange (KRW) |
|
The Shilla |
17,700 |
18,300 |
-3% |
|
Singapore Stock Exchange (S$) |
|
Amara Holdings Ltd |
0.50 |
0.53 |
-6% |
|
ART Management Limited |
1.06 |
1.05 |
1% |
|
Banyan Tree Holdings Limited |
0.81 |
0.90 |
-10% |
|
CDL HTrust |
1.59 |
1.58 |
1% |
|
Hotel Grand Central Ltd |
0.66 |
0.70 |
-6% |
|
Hotel Properties Ltd |
2.09 |
2.26 |
-8% |
|
Mandarin Oriental International Ltd (US$) |
1.27 |
1.35 |
-6% |
|
Pan Pacific Hotels Group Limited |
1.31 |
1.36 |
-4% |
|
Shangri-La Asia Limited (HK$) |
15.20 |
15.02 |
1% |
|
Stamford Land Corporation Ltd |
0.41 |
0.42 |
– |
|
Taiwan Stock Exchange (NT$) |
|
Formosa International Hotels Corporation |
412.50 |
410.00 |
1% |
|
The Ambassador Hotel, Ltd |
33.40 |
33.15 |
1% |
|
Tokyo Stock Exchange (JPY) |
|
Nippon Hotel Fund Investment Corporation |
158,900 |
156,900 |
1% |
|
Japan Hotel and Resort Inc |
129,000 |
129,300 |
0% |
|
Imperial Hotel, Ltd |
1,825 |
1,860 |
-2% |
|
| |
|
Return to Headlines |
| |
|
| |
|
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. |
