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April 30, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hilton International Plans To Increase Brand Presence In India
Best Western Adds Four New Hotels In Japan
Ascott Expands In China With First Property In Chengdu
Bali Witnesses Significant Increase In Arrivals In First Quarter Of 2010
Marriott International To Introduce Courtyard By Marriott Brand In Vietnam
Sofitel Grows Presence In Southern China
Absolute Share Price Performance, As At 30 April 2010
Hilton International Plans To Increase Brand Presence In India Return to Headlines

Hilton International is planning to increase its brand presence in India, including the luxury chains of Waldorf Astoria and Conrad. Hilton International has sought approval from the Foreign Investment Promotion Board to allow the company to promote more brands in India such as Doubletree and Hampton by Hilton, Waldorf Astoria and Conrad. The company currently operates a joint venture with DLF for four brands, namely Hilton, Hilton Garden Inn, Hilton Residences and Homewood Suites.

Best Western Adds Four New Hotels In Japan Return to Headlines
Four new hotels, namely the 242-room Best Western Hotel Fino Sapporo, 145-room Best Western Hotel Fino Oita, 72-room Best Western Naha Inn and 168-room Best Western Fukuoka Nakasu Inn, were recently added to the existing Best Western portfolio of seven hotels in Japan. As Japan is a strategic location for Best Western, the company is planning to add two more properties in Osaka and Sapporo by 2010.
Ascott Expands In China With First Property In Chengdu Return to Headlines
The Ascott Limited, CapitaLand’s wholly owned serviced residence business unit, has expanded into Chengdu, China, with the opening of Somerset Riverview, Chengdu. Located within the downtown central business district along South Renmin Road, the 200-key Somerset Riverview, Chengdu was acquired through the Ascott China Fund.
Bali Witnesses Significant Increase In Arrivals In First Quarter Of 2010 Return to Headlines
Visitor arrivals to Bali in the first quarter of 2010 grew by approximately 18% to 555,186 over the same period of 2009. Arrivals from Australia recorded the highest growth rate of over 68% as compared to the same period of 2009, followed by the Netherlands and the UK. The significant increase in arrivals from the Netherlands is attributed mainly to the improvement of accessibility with the introduction of Amsterdam-Singapore-Bali flights by KLM Royal Dutch Airlines.
Marriott International To Introduce Courtyard By Marriott Brand In Vietnam Return to Headlines
Marriott International will introduce its Courtyard by Marriott brand in Vietnam under a management agreement with CY - Ham Tan Resort Limited Company. The 200-key property will be situated along a beachfront site in the area of La Gi, which is located approximately three hours’ drive along Vietnam’s southeastern coast from Ho Chi Minh City. The hotel is expected to open in 2012.
Sofitel Grows Presence In Southern China Return to Headlines
Sofitel has extended its presence in southern China with two recently signed management contracts for Sofitel Haikou and Sofitel Lianyungang Suning Galaxy, bringing its network of hotels within China to 25, including two openings in 2010. The 398-key Sofitel Haikou, under a management contract with Hainan Tiantuo Investment Exploit Co Ltd and Jinyi Real Estate Development Co Ltd, is expected to open in 2014. Scheduled to open in 2013, the 280-key Sofitel Lianyungang Suning Galaxy will be located on Hai Lan Road in Lianyungang.
Absolute Share Price Performance, as at 30 April 2010
Closing Share Price as at 30 Apr 2010 23 Apr 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.91 5.97 -1%
General Property Group 0.59 0.58 2%
Mirvac Group 1.41 1.47 -4%
Ocean Capital Limited 0.25 0.26 -4%
Thakral Holdings Group 0.42 0.40 6%
Living and Leisure Australia Group 0.023 0.024 -4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.84 3.76 2%
Dusit Thani Public Co Ltd 27.25 27.25
The Erawan Group Public Co Ltd 2.16 2.16
Grande Asset Hotels and Property Public Co Ltd 1.25 1.45 -14%
Laguna Resorts & Hotel Public Co Ltd 39.25 37.75 4%
Minor International Public Co Ltd 9.50 9.55 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  34.84 27.80 25%
Beijing Capital Tourism Co Ltd 20.83 24.48 -15%
Jinling Hotel Corporation Ltd 9.23 9.93 -7%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 11.29 12.16 -7%
Guangzhou Dong Fang Hotel Co Ltd 9.96 10.85 -8%
Shenzhen Century Plaza Hotel Co Ltd 7.05 7.26 -3%
Home Inns & Hotels Management Inc 34.84 35.83 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.02 8.01
Regal Hotels International Holdings Ltd 2.97 3.01 -1%
Sino Hotels Holdings Ltd 2.28 2.14 7%
The Hong Kong & Shanghai Hotels Ltd 12.34 12.42 -1%
Korea Exchange (KRW)
The Shilla  22,450 23,500 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.50 2%
ART Management Limited 1.20 1.23 -2%
Banyan Tree Holdings Limited 0.81 0.74 9%
CDL HTrust  1.93 1.83 5%
Hotel Grand Central Ltd 0.86 0.84 2%
Hotel Properties Ltd 2.30 2.30
Mandarin Oriental International Ltd (US$) 1.74 1.60 9%
Pan Pacific Hotels Group Limited 1.56 1.55 1%
Shangri-La Asia Limited (HK$) 14.80 14.54 2%
Stamford Land Corporation Ltd 0.53 0.55 -4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  371 382 -3%
The Ambassador Hotel, Ltd  34.80 35.45 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  202,000 178,800 13%
Japan Hotel and Resort Inc 184,000 176,600 4%
Imperial Hotel, Ltd  1,931 1,900 2%
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HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
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