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December 10, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
The Peninsula Hong Kong To Get Makeover
Mega Mixed-Use Development In Singapore To Be Built By GuocoLand
Traders Hotel, Malé, Maldives Opens
InterContinental To Debut In Malaysia
Record Passenger Numbers For Melbourne Airport
New Alila Property In Bangalore
Absolute Share Price Performance, As At 10 December 2010
The Peninsula Hong Kong To Get Makeover Return to Headlines
The Peninsula Hong Kong is set to receive a facelift after its board of directors approved plans for an extensive renovation of its guestrooms. An iconic hotel that was opened back in 1928, The Peninsula last had a significant renovation exercise back in 1994, which was also the year the tower extension was completed. Set to be carried out in two phases from January 2012 to April 2013, the total cost will amount to approximately US$45.1 million. The hotel will remain open throughout the renovation period.
Mega Mixed-Use Development In Singapore To Be Built By GuocoLand Return to Headlines
GuocoLand is planning to build a US$2.3 billion mixed-use development on top of the Tanjong Pagar MRT Station. As stipulated by the Urban Redevelopment Authority, GuocoLand is required to allocate at least 60% of the maximum 1.7 million square feet gross floor area to offices and another 10% for hotels. The project will also feature the tallest residential tower in the country, which will reach 78 storeys. The group plans to develop two towers with offices, a hotel, apartments and ground-floor retail space.
Traders Hotel, Malé, Maldives Opens Return to Headlines
Shangri-La Hotels and Resorts has announced the opening of the Traders Hotel, Malé, Maldives on 22 November 2010. The 117-room hotel is located in the administrative and business district of Malé and a convenient five-minute speedboat ride from Malé Airport. The 14-storey hotel is the tallest hotel structure in downtown Malé and offers great views of the Indian Ocean from its rooftop restaurant and lounge. In addition to an 18.5-metre rooftop infinity pool and three food and beverage outlets, the hotel also offers three meeting facilities, including a ballroom that can accommodate up to 300 people.
InterContinental To Debut In Malaysia Return to Headlines
InterContinental Hotels Group’s InterContinental brand will mark its entry into the Malaysian hotel market with the opening of the InterContinental Kuala Lumpur. The hotel will be replacing the current Nikko Hotel Kuala Lumpur with effect from 1 February 2011. The 473-room hotel is strategically located in Jalan Ampang, the city’s business, shopping and entertainment district. The InterContinental Kuala Lumpur is also a short distance to the Petronas Twin Towers and the Kuala Lumpur Convention Centre. The group will embark on a 30-month ongoing refurbishment exercise for the hotel which will be carried out in three phases.
Record Passenger Numbers For Melbourne Airport Return to Headlines
Boosted by the highest passenger totals on record for the month of October, Melbourne Airport has for the first time exceeded 27 million annual passengers. The airport handled more than 2.5 million passengers in October, with international passengers increasing by 14.3% over the same month in 2009 to reach 532,046. The strong international performance was driven by increased travel to and from Asia, led by Malaysia and Thailand, which went up 42.7% and 41.9%, respectively. These figures are set to rise with the entry of new airlines such as Air India and Royal Brunei Airlines, which will be launching their services in the coming months.
New Alila Property In Bangalore Return to Headlines
Positioned as the city’s first ‘business lifestyle’ resort, the Alila Bangalore is set to open in February 2011. Conveniently located within Bangalore’s business district, the hotel caters to travellers who want accessibility to both amenities and leisure options. This is Alila Hotels and Resorts’ first property in Bangalore, following closely after the opening of the Alila Diwa Goa in December 2009. The hotel will feature 101 studio rooms, 12 SOHO Suites, seven Leisure Suites and two Alila Residences for families and long-stay guests.
Absolute Share Price Performance, as at 10 december 2010
Closing Share Price as at 10 December 2010 3 December 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.52 6.48 1%
General Property Group 2.88 2.80 3%
Mirvac Group 1.27 1.28 -1%
Ocean Capital Limited 0.24 0.24
Thakral Holdings Group 0.50 0.50
Living and Leisure Australia Group 0.022 0.021 5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.84 4.90 -1%
Dusit Thani Public Co Ltd 32.00 31.50 2%
The Erawan Group Public Co Ltd 2.28 2.26 1%
Grande Asset Hotels and Property Public Co Ltd 1.62 1.57 3%
Laguna Resorts & Hotel Public Co Ltd 52.00 52.00
Minor International Public Co Ltd 11.90 11.60 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  24.35 24.98 -3%
Beijing Capital Tourism Co Ltd 24.40 24.22 1%
Jinling Hotel Corporation Ltd 9.80 9.68 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 8.99 8.72 3%
Guangzhou Dong Fang Hotel Co Ltd 10.96 11.00
Shenzhen Century Plaza Hotel Co Ltd 5.78 5.96 -3%
Home Inns & Hotels Management Inc 43.00 47.06 -9%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.00 9.00
Regal Hotels International Holdings Ltd 3.13 3.11 1%
Sino Hotels Holdings Ltd 2.42 2.45 -1%
The Hong Kong & Shanghai Hotels Ltd 13.02 13.28 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 91.75 95.00 -3%
EIH (Oberoi Hotels & Resorts) 111.80 116.35 -4%
Hotel Leela Ventures 43.83 45.30 -3%
Korea Exchange (KRW)
The Shilla  29,000 30,200 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.46
Ascott Residence Trust 1.22 1.19 3%
Banyan Tree Holdings Limited 1.12 1.11 1%
CDL HTrust  2.03 2.01 1%
Hotel Grand Central Ltd 0.84 0.84
Hotel Properties Ltd 2.84 2.87 -1%
Mandarin Oriental International Ltd (US$) 2.02 2.08 -3%
Pan Pacific Hotels Group Limited 1.59 1.60 -1%
Shangri-La Asia Limited (HK$) 18.04 20.50 -12%
Stamford Land Corporation Ltd 0.57 0.58 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  497 501 -1%
The Ambassador Hotel, Ltd  46.30 46.30
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  257,800 254,700 1%
Japan Hotel and Resort Inc 230,000 228,800 1%
Imperial Hotel, Ltd  1,990 1,873 6%
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Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
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Adeline Phua
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David Ling
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