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December 17, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hotel Indigo Debuts In Asia Pacific
Thailand’s First Four Points By Sheraton Opens
Land Prices In Cambodia Continue To Fall
Starwood Continues Expansion In Greater China With Opening Of Le Meridien Taipei
New Nikko Hotel To Open In Suzhou, China
Mega Transportation Projects In Thailand
Absolute Share Price Performance, As At 17 December 2010
Hotel Indigo Debuts In Asia Pacific Return to Headlines
InterContinental Hotels Group has opened its fifth brand in Asia Pacific, the upscale boutique brand, Hotel Indigo. Hotel Indigo Shanghai on the Bund is strategically located on the Bund’s southern end, positioned directly on the Huangpu River front. The 184-room hotel is also within close proximity to the Yu Gardens and the Pudong new area, which offers a great variety of entertainment and shopping options. Other than the Hotel Indigo Shanghai on the Bund, Hotel Indigo will also be opening in Xiamen, Taipei, Hong Kong and Bangkok within the next three years.
Thailand’s First Four Points By Sheraton Opens Return to Headlines
Starwood Hotels and Resorts Worldwide’s Four Points by Sheraton brand has debuted in Thailand with the opening of the Four Points by Sheraton Bangkok, Sukhumvit 15. Located in Sukhumvit, Bangkok’s prime entertainment and commercial district, the 268-room property will offer great convenience to both leisure and business travellers. The hotel features four food and beverage outlets, including The Beer Vault, which serves local and international hand-crafted brews from Four Points by Sheraton’s Best Brews® programme. In addition, the hotel offers 350 square metres of event space, which can be divided into two rooms, each accommodating up to 130 people.
Land Prices In Cambodia Continue To Fall Return to Headlines
According to Cambodia’s National Valuers Association, land prices in Phnom Penh, Cambodia, are continuing to fall quarter-on-quarter. The value of commercial and residential land prices fell by between 2% and 3% in the third quarter of 2010 compared with the same quarter in 2009. Commercial land was estimated to be worth US$2,800 per square metre, down from US$2,850 in the second quarter of 2010. Residential land on the other hand was estimated to be worth US$1,600 per square metre, down from US$1,650 for the second quarter of the year as well.
Starwood Continues Expansion In Greater China With Opening Of Le Meridien Taipei Return to Headlines
Starwood Hotels and Resorts Worldwide has announced the opening of its first Le Meridien hotel in Taiwan. The 160-room hotel is situated in Xinyi District, within close proximity to landmarks such as the Taipei 101 and the Taipei World Trade Centre. Le Meridien Taipei offers a wide range of dining options, including restaurants serving traditional Cantonese and international cuisines, and also a lounge bar on the fifth floor from which guests can enjoy the night scene in Taipei. In addition, the hotel offers 1,700 square metres of meeting and function space to cater to the needs of different types of events.
New Nikko Hotel To Open In Suzhou, China Return to Headlines
JAL Hotels Co Ltd continues its expansion plan in China with the opening of a new Nikko Hotels International property, Suzhou Qingshan Hotel in Suzhou, China. The 91-room hotel is located in the heart of Suzhou Science and Technology Town, within close proximity to government agencies, IT-related companies and research and development facilities. The Suzhou Qingshan Hotel offers four meeting rooms and three food and beverage outlets. The hotel will be the eighth Nikko Hotels International property in China. Other upcoming Nikko Hotels in China include Hotel Nikko Xiamen in 2011, Hotel Nikko Guangzhou in 2012 and Hotel Nikko Suzhou in 2013.
Mega Transportation Projects In Thailand Return to Headlines
Thailand is working on a series of transportation projects which will greatly improve domestic and international connectivity of the country. Five high-speed train projects, which are collaborations with China, are currently being studied. According to Ministry of Transport permanent secretary Supoj Suplom, the 250 kilometres per hour (kmph) train from Kunming has the potential to reach Bangkok within ten hours. In addition, he added that by end-2012, domestic rail links will serve at a speed of 100 kmph, up from the current speed of 60 kmph. In addition, the Thai government has also recently approved the Phase 2 development of the Suvarnabhumi Airport, which will expand its annual capacity from 45 million to 60 million passengers. The airport Phase 2 development is slated for completion in 2016.
Absolute Share Price Performance, as at 17 december 2010
Closing Share Price as at 17 December 2010 10 December 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.52 6.52
General Property Group 2.91 2.88 1%
Mirvac Group 1.22 1.27 -4%
Ocean Capital Limited 0.24 0.24
Thakral Holdings Group 0.52 0.50 4%
Living and Leisure Australia Group 0.028 0.022 27%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.00 4.84 3%
Dusit Thani Public Co Ltd 32.00 32.00
The Erawan Group Public Co Ltd 2.32 2.28 2%
Grande Asset Hotels and Property Public Co Ltd 1.55 1.62 -4%
Laguna Resorts & Hotel Public Co Ltd 54.00 52.00 4%
Minor International Public Co Ltd 12.20 11.90 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  24.80 24.35 2%
Beijing Capital Tourism Co Ltd 25.40 24.40 4%
Jinling Hotel Corporation Ltd 10.23 9.80 4%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.01 8.99 11%
Guangzhou Dong Fang Hotel Co Ltd 11.15 10.96 2%
Shenzhen Century Plaza Hotel Co Ltd 5.89 5.78 2%
Home Inns & Hotels Management Inc 42.21 43.00 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.02 9.00
Regal Hotels International Holdings Ltd 3.05 3.13 -3%
Sino Hotels Holdings Ltd 2.52 2.42 4%
The Hong Kong & Shanghai Hotels Ltd 13.30 13.02 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 93.35 91.75 2%
EIH (Oberoi Hotels & Resorts) 112.95 111.80 1%
Hotel Leela Ventures 43.60 43.83 -1%
Korea Exchange (KRW)
The Shilla  28,850 29,000 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.46 2%
Ascott Residence Trust 1.28 1.22 5%
Banyan Tree Holdings Limited 1.19 1.12 6%
CDL HTrust  2.04 2.03
Hotel Grand Central Ltd 0.84 0.84
Hotel Properties Ltd 2.87 2.84 1%
Mandarin Oriental International Ltd (US$) 2.04 2.02 1%
Pan Pacific Hotels Group Limited 1.59 1.59
Shangri-La Asia Limited (HK$) 21.30 18.04 18%
Stamford Land Corporation Ltd 0.59 0.57 4%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  534 497 8%
The Ambassador Hotel, Ltd  48.50 46.30 5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  257,200 257,800
Japan Hotel and Resort Inc 243,000 230,000 6%
Imperial Hotel, Ltd  2,000 1,990 1%
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