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April 9, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
HOT ON THE RADARS Of Major International Investors At CHIC 2010
Aston Expands In Indonesia
Evergrande To Invest Approximately US$440 Million In Chongqing
Starwood Looking To Bring More Brands To Malaysia
InterContinental To Open In Beijing City Centre
Zuri Group Plans New Luxury Hotel In Bangalore And Expansion Of Management Portfolio
Hanting Plans For Up To 600 New Hotels By End-2012
Absolute Share Price Performance, As At 9 April 2010
 
HOT ON THE RADARS Of Major International Investors At CHIC 2010 Return to Headlines

Pacifica Partners, a joint venture between GIC and HOST, amongst other international investors, zooms in on both existing hotels and development projects in China at CHIC 2010.

Driven by its remarkable economic growth, there are interesting investment opportunities in the lodging sector in China. Pacifica Partners, a joint venture hotel investment company between GIC (amongst the world’s largest sovereign funds) and Host Hotels and Resorts (NYSE-listed hotel REIT), has identified the Mainland as one of its business priorities and is currently exploring several opportunities.
The Organiser of CHIC 2010 is thrilled to have Mr Peter Meyer, Managing Director of Pacifica Partners, on the speaker panel to discuss portfolio investment and exit strategies in the upcoming conference, together with other specially invited speakers.

There is much untapped potential in China’s rapidly growing tourism market for local investors and developers. For all looking to invest, co-invest or divest your interest, make CHIC 2010 part of your investment strategy.

 
Aston Expands In Indonesia Return to Headlines
Aston International (Aston), one of Indonesia’s leading hotel operators, has introduced five new properties to bring its total number of hotels in Indonesia to 25. The new hotels include Grand Aston City Hall Hotels and Serviced Residences in Medan, and Aston Cengkareng City Hotel and Conference Hotel in Jakarta. In addition, there are more than 12 hotels currently under development and scheduled to open by 2011. Aston is also planning to introduce three new brands, namely; Royal Kamuela, Quest Hotel and Favehotel.
 
Evergrande To Invest Approximately US$440 Million In Chongqing Return to Headlines
Evergrande Real Estate Group (Evergrande), one of China’s largest developers, has announced plans to invest approximately US$440 million in tourism-related developments in Chongqing, central China. Evergrande has recently acquired a site in Jiulongpo District for US$134 million. The site, which is located 20 minutes’ drive from the city centre, is envisaged to feature a resort and residential apartments.
 
Starwood Looking To Bring More Brands To Malaysia Return to Headlines
Currently, Starwood Hotels and Resorts Worldwide (Starwood) is under negotiation to introduce its W and aloft brands in Malaysia. Development plans for a W Hotel and Residences, which is likely to be located in the Kuala Lumpur city centre and Bukit Bintang area, are in the pipeline and it is envisaged to be ready in four years’ time. In addition, the aloft brand is likely to be introduced in Malaysia within the next 18 months and the location is likely to be Kuala Lumpur, Johor or Sabah.
 
InterContinental To Open In Beijing City Centre Return to Headlines
InterContinental Hotels Group (IHG) has announced the development of a new InterContinental hotel in the Beijing city centre, which will be located adjacent to the Sanlitun entertainment area. The InterContinental Beijing City Centre, which is likely to feature 320 rooms, is owned by Beijing Topwin Real Estate Development Co Ltd and expected to be ready by 2014. The hotel will be the third InterContinental hotel in the city after InterContinental Beijing Financial Street and InterContinental Beijing Beichen. Currently, there are 14 InterContinental hotels in Greater China and a further 17 are under development.
 
Zuri Group Plans New Luxury Hotel In Bangalore And Expansion Of Management Portfolio Return to Headlines
Zuri Group Global (Zuri) has plans to develop a new 160-key luxury hotel, as part of a mixed-use development, near the airport in Bangalore and it is expected to be completed within 20 months. In addition, Zuri has plans to grow its hotel management business and is specifically interested in Delhi and Mumbai, either under management contracts or lease. Currently, management agreements for two hotels in Sikkim and Kolkata have been finalised while one in Hyderabad is at an advanced stage.
 
Hanting Plans For Up To 600 New Hotels By End-2012 Return to Headlines
Hanting Inns and Hotels (Hanting), which recently listed in the United States, has plans to develop an average of 200 hotels over the next three years under its three brands: Hanting Seasons Hotel, Hanting Hi Inn and Hanting Express. Hanting also plans to keep the ratio between chain and franchised hotels to approximately 55:45. Specifically, it targets to develop 60 to 70 chain hotels in 2010, 80 to 100 in 2011 and 100 to 120 in 2012.
 
Absolute Share Price Performance, as at 9 April 2010
 
Closing Share Price as at 9 Apr 2010 2 Apr 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.73 5.70 1%
General Property Group 0.58 0.59 -1%
Mirvac Group 1.44 1.46 -2%
Ocean Capital Limited 0.26 0.26
Thakral Holdings Group 0.37 0.365 1%
Living and Leisure Australia Group 0.026 0.025 4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.02 4.14 -3%
Dusit Thani Public Co Ltd 27.25 27.50 -1%
The Erawan Group Public Co Ltd 2.30 2.36 -3%
Grande Asset Hotels and Property Public Co Ltd 1.35 1.28 5%
Laguna Resorts & Hotel Public Co Ltd 37.25 38.50 -3%
Minor International Public Co Ltd 10.40 11.00 -5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  29.36 28.89 2%
Beijing Capital Tourism Co Ltd 22.68 22.25 2%
Jinling Hotel Corporation Ltd 10.15 9.99 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 11.85 11.76 1%
Guangzhou Dong Fang Hotel Co Ltd 11.36 11.42 -1%
Shenzhen Century Plaza Hotel Co Ltd 7.73 7.63 1%
NASDAQ (US$)
Home Inns & Hotels Management Inc 34.43 33.98 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.00 8.30 -4%
Regal Hotels International Holdings Ltd 3.11 3.13 -1%
Sino Hotels Holdings Ltd 2.28 2.30 -1%
The Hong Kong & Shanghai Hotels Ltd 12.00 12.06 0%
Korea Exchange (KRW)
The Shilla  22,700 22,400 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.50 2%
ART Management Limited 1.26 1.24 2%
Banyan Tree Holdings Limited 0.75 0.75
CDL HTrust  1.90 1.84 3%
Hotel Grand Central Ltd 0.84 0.84
Hotel Properties Ltd 2.32 2.30 1%
Mandarin Oriental International Ltd (US$) 1.39 1.40 -1%
Pan Pacific Hotels Group Limited 1.60 1.59 1%
Shangri-La Asia Limited (HK$) 15.22 15.02 1%
Stamford Land Corporation Ltd 0.51 0.52 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  355 350 1%
The Ambassador Hotel, Ltd  35.80 34.90 3%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  147,200 142,500 3%
Japan Hotel and Resort Inc 146,100 147,600 -1%
Imperial Hotel, Ltd  1,795 1,800 0%
 
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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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