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Featured in this Asia Pacific Hospitality Newsletter |
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The Westin Siray Bay Resort & Spa Phuket, Westin’s first
resort in Thailand, has officially opened it doors to
visitors. Located in Siray Island on the east coast of
Phuket, the resort is eight minutes’ drive from Phuket Town
and 45 minutes’ drive from Phuket International Airport. The
resort will offer 261 guestrooms, suites and villas, with
some of them having their own private pools and rooftop
relaxing areas overlooking Siray Bay. Guests will also have
a wide selection of cuisines from the resort’s six
restaurants and bars, all of which feature ocean views. |
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Hilton Worldwide has announced the opening of its first
Doubletree by Hilton Hotel in Southeast Asia. The 34-storey
Doubletree by Hilton, Kuala Lumpur is situated in the heart
of Malaysia’s capital city, within its Golden Triangle
district, just northeast of KL City Centre. The
540-guestroom hotel is owned by MGPA Asia Fund II and is
part of an integrated property called The Intermark, which
also includes a retail podium, and a grade A office tower.
The hotel offers a wide array of conference and event
facilities, with more than 1,850 square metres of flexible
function space, including a pillar-less grand ballroom that
can accommodate up to 1,000 guests. |
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Laguna Resorts and Hotels (LRH) in Phuket, Thailand has sold
the Dusit Thani Laguna Phuket Hotel on its property for
US$81.3 million. The successful bidder in the closed bid
tender was Dusit Thani Ltd. The 226-room, five-star luxury
hotel offers facilities such as six restaurants, a spa and
four conference rooms. The sale is pending approval from
LRH’s shareholders at a meeting that will take place on 29
September this year. If approval is given, the transaction
is expected to be completed on 30 November 2010. |
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Located at the heart of the city, the Ritz-Carlton, Hong Kong
will be the tallest hotel in the world when it opens in the
first quarter of 2011. The 312-guestroom hotel will occupy
Levels 102 to 118 of the International Commerce Centre (ICC) in
Kowloon. At the podium of the ICC will be a
1,000,000-square-metre shopping mall, Elements, which will
feature different luxury brand names under one roof. Other than
its six dining venues offering a wide range of cuisines, the
hotel also has one of the largest ballrooms in Hong Kong at 930
square metres. The hotel is situated just 20 minutes from Hong
Kong International Airport and five minutes from Central Hong
Kong. |
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Accor Group plans to add up to 13 new hotels and more than
3,000 rooms to its portfolio in Thailand in the next few
years. The hotel group, with a portfolio of 42 hotels and
10,044 rooms in Thailand, is also in the midst of clinching
more management deals. Four of the new hotels will open in
Bangkok within the next few months. They are the 216-room
Novotel Bangkok Fenix Silom, the 380-room Novotel Bangkok
Fenix Ploenchit, the 272-room Ibis Bangkok Riverside and the
162-room All Seasons Bangkok Victory Monument. |
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Best Western International and Fort Hotels Group will be
opening the Best Western Premier hotel in Cox's Bazar,
Bangladesh, the first Best Western property in the country.
The hotel, which is slated to open in 2014, will appeal to
both the Leisure and Business markets with facilities such
as four food and beverage outlets, three swimming pools, a
bowling track and two grand banquet halls which can
accommodate up to 3,000 guests. In addition, the Best
Western Premier hotel is built to withstand natural
disasters such as a 7.6-metre high tsunami, an earthquake of
7.5 on the Richter scale and strong winds of 260 kilometres
per hour. |
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Absolute Share Price Performance, as at
13 AUGUST 2010 |
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Closing Share Price as at |
13 August 2010 |
6 August 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.70 |
5.70 |
– |
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General Property Group |
2.87 |
2.89 |
-1% |
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Mirvac Group |
1.32 |
1.36 |
-3% |
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Ocean Capital Limited |
0.24 |
0.25 |
-4% |
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Thakral Holdings Group |
0.44 |
0.45 |
-3% |
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Living and Leisure Australia Group |
0.018 |
0.018 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.40 |
5.65 |
-4% |
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Dusit Thani Public Co Ltd |
29.50 |
30.00 |
-2% |
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The Erawan Group Public Co Ltd |
2.46 |
2.50 |
-2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.51 |
1.88 |
-20% |
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Laguna Resorts & Hotel Public Co Ltd |
53.50 |
52.00 |
3% |
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Minor International Public Co Ltd |
11.20 |
11.30 |
-1% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.54 |
22.56 |
9% |
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Beijing Capital Tourism Co Ltd |
22.39 |
20.94 |
7% |
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Jinling Hotel Corporation Ltd |
8.18 |
8.42 |
-3% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.24 |
10.47 |
-2% |
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Guangzhou Dong Fang Hotel Co Ltd |
12.86 |
13.21 |
-3% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.64 |
6.96 |
-5% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
41.99 |
44.00 |
-5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.10 |
8.10 |
– |
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Regal Hotels International Holdings Ltd |
3.03 |
3.04 |
– |
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Sino Hotels Holdings Ltd |
2.29 |
2.30 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
12.88 |
12.78 |
1% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts
& Palaces) |
102.55 |
97.70 |
5% |
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EIH (Oberoi Hotels &
Resorts) |
131.45 |
125.00 |
5% |
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Hotel Leela Ventures |
49.75 |
49.35 |
1% |
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Korea Exchange (KRW) |
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The Shilla |
25,350 |
26,650 |
-5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.44 |
0.46 |
-4% |
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ART Management Limited |
1.19 |
1.18 |
1% |
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Banyan Tree Holdings Limited |
0.85 |
0.85 |
– |
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CDL HTrust |
1.97 |
2.00 |
-2% |
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Hotel Grand Central Ltd |
0.80 |
0.81 |
-1% |
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Hotel Properties Ltd |
2.86 |
2.96 |
-3% |
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Mandarin Oriental International Ltd (US$) |
1.35 |
1.40 |
-4% |
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Pan Pacific Hotels Group Limited |
1.58 |
1.61 |
-2% |
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Shangri-La Asia Limited (HK$) |
15.84 |
16.08 |
-1% |
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Stamford Land Corporation Ltd |
0.50 |
0.50 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
473 |
516 |
-8% |
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The Ambassador Hotel, Ltd |
44.75 |
45.60 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
229,300 |
224,000 |
2% |
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Japan Hotel and Resort Inc |
191,800 |
192,700 |
– |
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Imperial Hotel, Ltd |
1,892 |
1,885 |
– |
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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. |
