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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
27 AUGUST 2010 |
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Closing Share Price as at |
27 August 2010 |
20 August 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.77 |
5.83 |
-1% |
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General Property Group |
3.02 |
2.93 |
3% |
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Mirvac Group |
1.31 |
1.33 |
-2% |
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Ocean Capital Limited |
0.20 |
0.20 |
– |
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Thakral Holdings Group |
0.44 |
0.42 |
5% |
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Living and Leisure Australia Group |
0.021 |
0.018 |
17% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.85 |
5.50 |
6% |
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Dusit Thani Public Co Ltd |
29.50 |
29.50 |
– |
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The Erawan Group Public Co Ltd |
2.48 |
2.48 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.39 |
1.43 |
-3% |
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Laguna Resorts & Hotel Public Co Ltd |
57.50 |
56.50 |
2% |
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Minor International Public Co Ltd |
12.20 |
11.40 |
7% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.29 |
23.16 |
5% |
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Beijing Capital Tourism Co Ltd |
23.20 |
21.79 |
6% |
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Jinling Hotel Corporation Ltd |
8.26 |
8.11 |
2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.15 |
10.16 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
12.50 |
13.26 |
-6% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.86 |
6.80 |
1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
42.14 |
44.23 |
-5% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
7.90 |
8.00 |
-1% |
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Regal Hotels International Holdings Ltd |
3.00 |
2.99 |
– |
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Sino Hotels Holdings Ltd |
2.20 |
2.25 |
-2% |
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The Hong Kong & Shanghai Hotels Ltd |
13.00 |
12.92 |
1% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
101.45 |
106.70 |
-5% |
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EIH (Oberoi Hotels & Resorts) |
135.35 |
136.70 |
-1% |
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Hotel Leela Ventures |
50.25 |
49.70 |
1% |
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Korea Exchange (KRW) |
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The Shilla |
27,800 |
26,300 |
6% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.43 |
0.43 |
– |
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ART Management Limited |
1.12 |
1.20 |
-7% |
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Banyan Tree Holdings Limited |
0.86 |
0.85 |
1% |
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CDL HTrust |
2.04 |
2.07 |
-1% |
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Hotel Grand Central Ltd |
0.80 |
0.79 |
1% |
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Hotel Properties Ltd |
2.86 |
2.95 |
-3% |
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Mandarin Oriental International Ltd (US$) |
1.36 |
1.38 |
-1% |
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Pan Pacific Hotels Group Limited |
1.60 |
1.60 |
– |
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Shangri-La Asia Limited (HK$) |
16.88 |
16.40 |
3% |
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Stamford Land Corporation Ltd |
0.47 |
0.49 |
-4% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
514 |
508 |
1% |
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The Ambassador Hotel, Ltd |
44.60 |
44.75 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
244,500 |
230,700 |
6% |
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Japan Hotel and Resort Inc |
188,400 |
193,400 |
-3% |
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Imperial Hotel, Ltd |
1,949 |
1,910 |
2% |
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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. |
