|
Featured in this Asia Pacific Hospitality Newsletter |
|
 |
| |
| |
| |
| |
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 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 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. |
|
| |
| |
| |
|
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 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 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% |
|
| |
|
Return to Headlines |
| |
|
| |
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive
emails from our HVS list. You are receiving this email because you have
contacted us through our website or through other means. To unsubscribe from
future mailings to this list, please send a blank email to:
$subst('Email.UnSub').
If you would like to change your preferred email format, change your
subscribed email address, or have any comments or suggestions, please
contact us at: [email protected].
You can also contact us by phone or regular mail:
HVS
Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
|
|
| |
|
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. |
