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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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Starwood Continues Expansion In Greater China With Opening Of
Le Meridien Taipei |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
17 december 2010 |
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Closing Share Price as at |
17 December 2010 |
10 December 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.52 |
6.52 |
– |
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General Property Group |
2.91 |
2.88 |
1% |
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Mirvac Group |
1.22 |
1.27 |
-4% |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.52 |
0.50 |
4% |
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Living and Leisure Australia Group |
0.028 |
0.022 |
27% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.00 |
4.84 |
3% |
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Dusit Thani Public Co Ltd |
32.00 |
32.00 |
– |
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The Erawan Group Public Co Ltd |
2.32 |
2.28 |
2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.55 |
1.62 |
-4% |
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Laguna Resorts & Hotel Public Co Ltd |
54.00 |
52.00 |
4% |
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Minor International Public Co Ltd |
12.20 |
11.90 |
3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.80 |
24.35 |
2% |
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Beijing Capital Tourism Co Ltd |
25.40 |
24.40 |
4% |
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Jinling Hotel Corporation Ltd |
10.23 |
9.80 |
4% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.01 |
8.99 |
11% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.15 |
10.96 |
2% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.89 |
5.78 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
42.21 |
43.00 |
-2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.02 |
9.00 |
– |
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Regal Hotels International Holdings Ltd |
3.05 |
3.13 |
-3% |
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Sino Hotels Holdings Ltd |
2.52 |
2.42 |
4% |
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The Hong Kong & Shanghai Hotels Ltd |
13.30 |
13.02 |
2% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
93.35 |
91.75 |
2% |
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EIH (Oberoi Hotels & Resorts) |
112.95 |
111.80 |
1% |
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Hotel Leela Ventures |
43.60 |
43.83 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
28,850 |
29,000 |
-1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.47 |
0.46 |
2% |
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Ascott Residence Trust |
1.28 |
1.22 |
5% |
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Banyan Tree Holdings Limited |
1.19 |
1.12 |
6% |
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CDL HTrust |
2.04 |
2.03 |
– |
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Hotel Grand Central Ltd |
0.84 |
0.84 |
– |
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Hotel Properties Ltd |
2.87 |
2.84 |
1% |
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Mandarin Oriental International Ltd (US$) |
2.04 |
2.02 |
1% |
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Pan Pacific Hotels Group Limited |
1.59 |
1.59 |
– |
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Shangri-La Asia Limited (HK$) |
21.30 |
18.04 |
18% |
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Stamford Land Corporation Ltd |
0.59 |
0.57 |
4% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
534 |
497 |
8% |
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The Ambassador Hotel, Ltd |
48.50 |
46.30 |
5% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
257,200 |
257,800 |
– |
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Japan Hotel and Resort Inc |
243,000 |
230,000 |
6% |
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Imperial Hotel, Ltd |
2,000 |
1,990 |
1% |
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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. |
