|
Sign up to automatically receive HVS mailings |
| |
|
Featured in this Asia Pacific Hospitality Newsletter - Week
Ending 4 September 2009 |
|
 |
| |
| |
| |
|
|
|
Wyndham Hotels and Resorts has announced the signing of a
management contract for the brand’s third hotel in China,
Wyndham Wuhan East Lake hotel in Wuhan. The 25-storey
four-star hotel, located at Special No 1 in Guanshankou, in
the new technology development zone of Wuhan's Hongshan
District, was developed by Wuhan Hongjing Real-Estate
Development Company and is scheduled to be opened in the
fourth quarter of 2011. This is the brand’s third hotel in
China following the opening of the 588-key Wyndham Xiamen
Hotel and the 337-key Wyndham Baolian Hotel, which is
scheduled to open in Shanghai in 2011. |
|
| |
|
Jakarta's Star-Rated Hotel Occupancy Rate Rises To An Average
Of 65% In August |
Return to Headlines |
|
|
|
|
The occupancy rate of star-rated hotels in Jakarta, Indonesia
rose to an average of 65% in August 2009, compared to the
50% level in July 2009. The rise in occupancy level is a
sign of recovery from the terror bombings at the JW Marriott
and Ritz-Carlton hotels in Jakarta in July 2009. However, it
was noted that the increase in occupancy rate was recorded
only at lower-rated hotels such as the two-star, three-star
and four-star hotels, while the occupancy rate of five-star
hotels still remained at the 50% level. |
|
| |
| |
|
|
|
Starwood Hotels and Resorts Worldwide, Inc is expected to
manage Le Meridien Saigon hotel, located along Ton Duc Thang
Street in Ho Chi Minh City, Vietnam. The US$120 million
hotel with an area of around 3,235 square metres is likely
to feature 357 rooms and approximately 14,000 square metres
of office space for lease. Scheduled to be completed in the
second quarter of 2011, the 23-storey hotel is expected to
be built in accordance to five-star standards. |
|
| |
|
Proposed Resort Development At Great Keppel Island To Boost
Queensland’s Economy |
Return to Headlines |
|
|
|
|
Tower Holdings has announced plans for a resort development at
Great Keppel Island, 15 kilometres off the coast of central
Queensland, Australia. The development, which is envisaged
to comprise a 300-key hotel, 500 villas, a 560-berth marina
and a Greg Norman-designed golf course, is projected to
generate approximately US$128 million to US$170 million
annually. In addition, the project is forecast to create
more than 1,400 permanent jobs for the state. |
|
| |
| |
|
|
|
A conserved building located along Joo Chiat Road, northeast
of the city centre in Singapore, has been offered for sale
at approximately US$14 million. The building, which is
approved for hotel use, sits on a 709-square-metre site and
offers approximately 2,130 square metres of gross floor
area. The site is on a 99-year leasehold tenure which
commenced from June 1995. Currently, the development
features 68 guestrooms and a pub, and generates
approximately US$700,000 in annual gross rental. |
|
| |
| |
|
|
|
France-based Accor SA (Accor) is scheduled to open its first
hotel in Taiwan, Novotel Taipei Taoyuan International
Airport, by end of 2009. Featuring 360 rooms and five food
and beverage outlets, the hotel is owned by China Airlines.
Accor has cooperated with AC Nielsen, a leading research
firm, to conduct a survey among its Advantage Plus members
in China, Hong Kong and Singapore as part of its efforts to
understand consumer demand for this development. Currently,
Accor has nine Novotel branded hotels in mainland China and
three in Hong Kong. |
|
| |
|
|
Absolute Share Price Performance, as at
4 September 2009
|
| |
|
Closing Share Price as at |
4 September 2009 |
28 August 2009 |
% Change |
|
Australia Stock Exchange (ASX) |
|
Amalgamated Holdings Limited |
5.65 |
5.94 |
-5% |
|
General Property Group |
0.60 |
0.62 |
-3% |
|
Mirvac Group |
1.45 |
1.42 |
2% |
|
Ocean Capital Limited |
0.40 |
0.40 |
– |
|
Thakral Holdings Group |
0.33 |
0.32 |
3% |
|
Living and Leisure Australia Group |
0.03 |
0.03 |
-6% |
|
Bangkok Stock Exchange (THB) |
|
Central Plaza Hotel Public Co Ltd |
3.70 |
3.80 |
-3% |
|
Dusit Thani Public Co Ltd |
27.00 |
28.50 |
-5% |
|
The Erawan Group Public Co Ltd |
2.34 |
2.28 |
3% |
|
Grande Asset Hotels and Property Public Co Ltd |
– |
1.45 |
– |
|
Laguna Resorts & Hotel Public Co Ltd |
33.00 |
32.25 |
2% |
|
Minor International Public Co Ltd |
10.40 |
11.20 |
-7% |
|
China Shanghai Stock Exchange (RMB) |
|
Shanghai Jinjiang International Hotels Development |
18.48 |
22.79 |
-19% |
|
Beijing Capital Tourism Co Ltd |
18.97 |
19.59 |
-3% |
|
Jinling Hotel Corporation Ltd |
7.05 |
7.23 |
-2% |
|
China Shenzhen Stock Exchange (RMB) |
|
Hunan Huatian Great Hotel Co Ltd |
6.58 |
6.52 |
1% |
|
Guangzhou Dong Fang Hotel Co Ltd |
7.13 |
6.89 |
3% |
|
Shenzhen Century Plaza Hotel Co Ltd |
5.99 |
5.10 |
17% |
|
NASDAQ (US$) |
|
Home Inns & Hotels Management Inc |
27.65 |
25.40 |
9% |
|
Hong Kong Stock Exchange (HK$) |
|
Miramar Hotel & Investment Co Ltd |
7.6 |
7.95 |
-4% |
|
Regal Hotels International Holdings Ltd |
2.47 |
2.53 |
-2% |
|
Sino Hotels Holdings Ltd |
2.53 |
2.66 |
-5% |
|
The Hong Kong & Shanghai Hotels Ltd |
8.79 |
8.75 |
0% |
|
Korea Exchange (KRW) |
|
The Shilla |
14,700 |
15,650 |
-6% |
|
Singapore Stock Exchange (S$) |
|
Amara Holdings Ltd |
0.53 |
0.54 |
-2% |
|
ART Management Limited |
0.91 |
0.89 |
2% |
|
Banyan Tree Holdings Limited |
0.89 |
0.88 |
1% |
|
CDL HTrust |
1.40 |
1.38 |
1% |
|
Hotel Grand Central Ltd |
0.73 |
0.65 |
12% |
|
Hotel Properties Ltd |
2.08 |
2.08 |
0% |
|
Mandarin Oriental International Ltd (US$) |
1.27 |
1.36 |
-7% |
|
Pan Pacific Hotels Group Limited |
1.47 |
1.46 |
– |
|
Shangri-La Asia Limited (HK$) |
11.30 |
12.50 |
-10% |
|
Stamford Land Corporation Ltd |
0.38 |
0.39 |
-3% |
|
Taiwan Stock Exchange (NT$) |
|
Formosa International Hotels Corporation |
400.00 |
396.00 |
1% |
|
The Ambassador Hotel, Ltd |
30.40 |
28.10 |
8% |
|
Tokyo Stock Exchange (JPY) |
|
Nippon Hotel Fund Investment Corporation |
168,000 |
166,000 |
1% |
|
Japan Hotel and Resort Inc |
135,700 |
140,400 |
-3% |
|
Imperial Hotel, Ltd |
1,820 |
1,880 |
-3% |
|
| |
|
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. |
