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August 27, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Aston International Group To Open Nusa Dua Retreat In Bali
New Raffles Resort In Seychelles
Marriott International Plans Two Luxury Hotel Brands In Vietnam In 2014
Real Estate Bubble May Be Lurking In China
Eight More Sheraton Hotels In China Before End-2010
Absolute Share Price Performance, As At 27 August 2010
Aston International Group To Open Nusa Dua Retreat In Bali Return to Headlines
The Nusa Dua Retreat, a luxury boutique villa resort, will be opening at the Bukit Peninsula, Bali on 1 October this year. The resort, which will feature 41 villas, is one of Aston International Group’s portfolio of luxury properties. All the villas will have their own private pools, and 23 of the villas will have rooftop sundecks. Facilities at the resort include a spa, a centre pool and a café overlooking the surrounding hillside country and the nearby Indian Ocean.
New Raffles Resort In Seychelles Return to Headlines
Seychelles will have its first ultra-luxury Raffles resort – Raffles Praslin – by the first quarter of 2011. The 86-villa resort is situated in Praslin Island, a 30-minute drive from Praslin Airport and within close proximity to Seychelles’ UNESCO World Heritage Site, Vallée de Mai. The Raffles Praslin will feature villas with one- and two-villa suite options, each having their own plunge pool and an outdoor sheltered pavilion. The resort will also provide guests with a unique spa experience, featuring 13 treatment pavilions set among natural rock formations and offering great views.
Marriott International Plans Two Luxury Hotel Brands In Vietnam In 2014 Return to Headlines
Marriott International has announced that it will open two luxury hotel brands in Quy Nhon area, Binh Dinh Province, in 2014. This follows a management agreement signed with Vietnamese-American Hotel and Resort Limited Company, a wholly owned subsidiary of American company, ITC Spectrum, LLC. The 100-villa Vinh Hoi Bay – A Ritz-Carlton Reserve and the 320-room JW Marriott Vinh Hoi Bay Resort & Spa will be part of a 325-hectare oceanfront, fully integrated, mixed-use development which will include three resorts, a championship 18-hole golf course, residential villas and a retail village.
Real Estate Bubble May Be Lurking In China Return to Headlines
According to forecasts from Standard & Poor’s, real estate prices in China will rise 10.3% this year to an unsustainable level, possibly leading to a classic bubble situation. The sharp rise in prices is a key risk to the nation’s economic growth and will affect economic performance if they do not go down. The property sector contributes about 20% to the Chinese economy through real estate investments and related industries, according to Citic Bank International. The Chinese government on their part has already taken steps to cool the market by restricting pre-sales by developers and curbing loans for third home purchase.
Eight More Sheraton Hotels In China Before End-2010 Return to Headlines
Starwood Hotels & Resorts Worldwide, Inc has announced that its Sheraton Hotels & Resorts plans to open eight more hotels in China before end of 2010, and another 18 by 2015. One of the additions, Sheraton Zhongshan Hotel, will be Sheraton’s 30th hotel in Greater China. Sheraton will also debut in Guangzhou later this year with the opening of the Sheraton Guangzhou Hotel. Other openings by 2010 include the Sheraton Shanghai Hong Kou Hotel, the Sheraton Wuxi Binhu Hotel and the Sheraton Tianjin Binhai Hotel.
Absolute Share Price Performance, as at 27 AUGUST 2010
Closing Share Price as at 27 August 2010 20 August 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.77 5.83 -1%
General Property Group 3.02 2.93 3%
Mirvac Group 1.31 1.33 -2%
Ocean Capital Limited 0.20 0.20
Thakral Holdings Group 0.44 0.42 5%
Living and Leisure Australia Group 0.021 0.018 17%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.85 5.50 6%
Dusit Thani Public Co Ltd 29.50 29.50
The Erawan Group Public Co Ltd 2.48 2.48
Grande Asset Hotels and Property Public Co Ltd 1.39 1.43 -3%
Laguna Resorts & Hotel Public Co Ltd 57.50 56.50 2%
Minor International Public Co Ltd 12.20 11.40 7%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  24.29 23.16 5%
Beijing Capital Tourism Co Ltd 23.20 21.79 6%
Jinling Hotel Corporation Ltd 8.26 8.11 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.15 10.16
Guangzhou Dong Fang Hotel Co Ltd 12.50 13.26 -6%
Shenzhen Century Plaza Hotel Co Ltd 6.86 6.80 1%
Home Inns & Hotels Management Inc 42.14 44.23 -5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.90 8.00 -1%
Regal Hotels International Holdings Ltd 3.00 2.99
Sino Hotels Holdings Ltd 2.20 2.25 -2%
The Hong Kong & Shanghai Hotels Ltd 13.00 12.92 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 101.45 106.70 -5%
EIH (Oberoi Hotels & Resorts) 135.35 136.70 -1%
Hotel Leela Ventures 50.25 49.70 1%
Korea Exchange (KRW)
The Shilla  27,800 26,300 6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.43 0.43
ART Management Limited 1.12 1.20 -7%
Banyan Tree Holdings Limited 0.86 0.85 1%
CDL HTrust  2.04 2.07 -1%
Hotel Grand Central Ltd 0.80 0.79 1%
Hotel Properties Ltd 2.86 2.95 -3%
Mandarin Oriental International Ltd (US$) 1.36 1.38 -1%
Pan Pacific Hotels Group Limited 1.60 1.60
Shangri-La Asia Limited (HK$) 16.88 16.40 3%
Stamford Land Corporation Ltd 0.47 0.49 -4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  514 508 1%
The Ambassador Hotel, Ltd  44.60 44.75
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  244,500 230,700 6%
Japan Hotel and Resort Inc 188,400 193,400 -3%
Imperial Hotel, Ltd  1,949 1,910 2%
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Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
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Manav Thadani
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Manav Thadani
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Adeline Phua
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