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December 24, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Centara Targets Mid-Tier To Low-Tier Hotel Segments
Opportunities Emerging In Taiwan’s Tourist Hotel Sector
Interstate Hotels and Resorts To Manage Shanghai Tower J-Hotel
Pan Pacific Acquires Hilton Melbourne Airport Hotel
YTL Expands Portfolio Into North Asia
China Hotel Investment Conference 2011
Absolute Share Price Performance, As At 24 December 2010
Centara Targets Mid-Tier To Low-Tier Hotel Segments Return to Headlines
Centara Hotels and Resorts (Centara) aims to move into the mid-range and lower-end hotel segments with a joint venture and the upcoming launch of a new budget brand. The joint venture will be with a major tour operator for a mid-range development which is expected to be announced in 2011. Also in the pipeline for 2011 is the launch of a new budget hotel brand, which follows closely after the introduction of the Centara Boutique Collection and three-star Centra brands. The Thai hotel group aims to expand their portfolio to 65 hotels and 10,000 rooms within the next three years, up from the 42 hotels and 7,000 rooms it currently owns and operates in Thailand, India, Egypt, the Philippines and Vietnam.
Opportunities Emerging In Taiwan’s Tourist Hotel Sector Return to Headlines
The future of the tourist hotel industry in Taiwan looks bright with some key developments. The opening to international flights of four key city airports, Sungshan Airport in Taipei, Hongqiao Airport in Shanghai, Haneda Airport in Tokyo, and Kimpo Airport in Seoul, is expected to continue to drive tourist arrivals to Taiwan. The gradual recovery of the global economy and the normalisation of relations between Taiwan and mainland China will also be beneficial to Taiwan’s tourism industry, with the prohibition on FIT travel to Taiwan by mainland Chinese tourists soon to be lifted. The government itself has given importance to the development of the country’s tourist industry, allocating approximately US$1.018 billion for the implementation of the Taiwan Tourism Development Plan.
Interstate Hotels and Resorts To Manage Shanghai Tower J-Hotel Return to Headlines
Interstate Hotels and Resorts, a joint venture between Thayer Lodging Group and Jin Jiang International Hotels Group, will be managing the Shanghai Tower J-Hotel. Standing 121 storeys or 2,072 feet tall, the Shanghai Tower J-Hotel will be the world’s highest hotel when it is completed in 2014. The hotel will occupy Floors 84 to 110 of the Shanghai Tower, which will be China’s tallest building and the second tallest worldwide. The upcoming 258-guestroom hotel will be branded under J-Hotels, the ultra-luxury brand of Jin Jiang International Hotels Group.
Pan Pacific Acquires Hilton Melbourne Airport Hotel Return to Headlines
Pan Pacific Hotels Group (Pan Pacific) has completed the acquisition of the 276-key Hilton Melbourne Airport Hotel for A$109 million (US$107 million) from owner Mulpha Australia Ltd. The purchase price of the hotel, which was put on the market in early October, translates to US$388,000 per key, representing an approximately 9% discount from the asking price. Pan Pacific has indicated that it has plans to convert the property to its Park Royal brand.
YTL Expands Portfolio Into North Asia Return to Headlines
With the opening of one hotel each in Japan and China, YTL Hotels (YTL) will expand its portfolio of properties to 16 in early 2011. The Green Leaf Niseko Village in Hokkaido, which was acquired by the group last year, has completed its makeover and was opened on 1 Decemberthis year. The project will include, among other developments, the 200-room Green Leaf Niseko Village Hotel, complemented by the 500-room Hilton Hotel, which is also owned by the group. YTL will also be opening the Swatch Art Peace Hotel over at Shanghai in March 2011. Other upcoming developments for the group include two island resorts under construction in Sabah, one in Pulau Gaya and another in Pulau Tiga, which are scheduled for completion in 2012.
China Hotel Investment Conference 2011 Return to Headlines
The Most Influential Hotel Investment Conference In China

The highly anticipated 7th revised edition of the China Hotel Investment Conference (CHIC) will take place from 20 to 22 April 2011 at InterContinental Shanghai Puxi, Shanghai, China. Themed ‘Exponential Growth in an Extraordinary Market’, this must-attend conference will feature stellar speakers such as Professor Dai Bin, President, China Tourism Academy, China National Tourism Administration; Tony Nash, Global Director, Client Research, Economist Intelligence Unit; Hubert Joly, President, Chief Executive Officer and Director, Carlson; Christopher J Nassetta, President and Chief Executive Officer, Hilton Worldwide; Jason Kern, Managing Director, Head of Real Estate Advisory, HSBC Hong Kong; and Vinay Dixit, Senior Director, Asia Consumer Centers, McKinsey & Company, just to name a few.

Topics that will be presented during the conference include Economic Insights on the Global, Regional and Domestic Levels, CNTA Tourism Update 2011, Business Models of Hotel Investment Portfolios from the Big Boys, What’s going on in the Boardroom, How Global Players Search for Strategic Partnerships and many more. In addition, CHIC 2011’s Advisory Board comprises almost 30 of the most noteworthy names in the industry, providing a multitude of networking opportunities.

Be a part of this exciting three-day conference! Register and pay before 18 February 2011 to save up to US$200. Visit www.chinahotelconference.com for more information.


Absolute Share Price Performance, as at 24 december 2010
Closing Share Price as at 24 December 2010 17 December 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.58 6.52 1%
General Property Group 2.93 2.91 1%
Mirvac Group 1.22 1.22
Ocean Capital Limited 0.25 0.24 4%
Thakral Holdings Group 0.55 0.52 6%
Living and Leisure Australia Group 0.025 0.028 -11%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.96 5.00 -1%
Dusit Thani Public Co Ltd 34.00 32.00 6%
The Erawan Group Public Co Ltd 2.54 2.32 9%
Grande Asset Hotels and Property Public Co Ltd 3.16 1.55 104%
Laguna Resorts & Hotel Public Co Ltd 56.00 54.00 4%
Minor International Public Co Ltd 11.40 12.20 -7%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  23.04 24.80 -7%
Beijing Capital Tourism Co Ltd 22.78 25.40 -10%
Jinling Hotel Corporation Ltd 9.38 10.23 -8%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.45 10.01 -6%
Guangzhou Dong Fang Hotel Co Ltd 10.56 11.15 -5%
Shenzhen Century Plaza Hotel Co Ltd 5.62 5.89 -5%
Home Inns & Hotels Management Inc 41.71 42.21 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.00 9.02
Regal Hotels International Holdings Ltd 2.96 3.05 -3%
Sino Hotels Holdings Ltd 2.50 2.52 -1%
The Hong Kong & Shanghai Hotels Ltd 13.30 13.30
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 94.55 93.35 1%
EIH (Oberoi Hotels & Resorts) 116.40 112.95 3%
Hotel Leela Ventures 46.00 43.60 6%
Korea Exchange (KRW)
The Shilla  27,300 28,850 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.47 -2%
Ascott Residence Trust 1.21 1.28 -5%
Banyan Tree Holdings Limited 1.16 1.19 -3%
CDL HTrust  2.10 2.04 3%
Hotel Grand Central Ltd 0.83 0.84 -1%
Hotel Properties Ltd 2.85 2.87 -1%
Mandarin Oriental International Ltd (US$) 1.99 2.04 -2%
Pan Pacific Hotels Group Limited 1.57 1.59 -1%
Shangri-La Asia Limited (HK$) 21.00 21.30 -1%
Stamford Land Corporation Ltd 0.60 0.59 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  521 534 -2%
The Ambassador Hotel, Ltd  49.20 48.50 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  264,000 257,200 3%
Japan Hotel and Resort Inc 264,800 243,000 9%
Imperial Hotel, Ltd  2,050 2,000 2%
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