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December 3, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Hilton To Open China’s First Five-Star Airport Hotel
Marriott Opens 500th Hotel
Outrigger Continues Its Expansion In Australia With Two New Properties
Raffles Makati On Schedule For Completion In 2011
Starwood Announces Plans To Expand Its Global Spa Operations
New Green Hotel In Pudong, Shanghai
Absolute Share Price Performance, As At 3 December 2010
Hilton To Open China’s First Five-Star Airport Hotel Return to Headlines
Beijing Capital Airport (BCA), the world’s second largest airport, continues its infrastructure expansion with the opening of the Hilton Beijing Capital Airport. The 322-room hotel, situated within a few minutes to BCA Terminal 3, is also in close proximity to the express rail station and only 16 minutes to the city centre. The hotel also offers more than 3,000 square metres of meeting and function space, with two large ballrooms and 21 meeting rooms. In addition, the Hilton Beijing Capital Airport has a wide range of food and beverage options, with seven restaurants and bars offering different cuisines such as Cantonese, Sichuan and Western delicacies.
Marriott Opens 500th Hotel Return to Headlines
Marriott International (Marriott), a leading hospitality group with 18 distinct brands, opened its first hotel back in 1957. It has now reached a new milestone with the opening of its 500th hotel, the Pune Marriott Hotel and Convention Centre. The 416-room hotel is located in the city of Pune, India, an educational and cultural centre that is emerging as an information technology and automotive capital. The Pune Marriott has almost 40,000 square feet of meeting space, including a 13,000-square-foot ballroom and eight other meeting rooms. In addition, the hotel has been built from the ground up to be ‘green’ and will be applying for LEED® Gold certification for its construction practices and its policies for recycling materials and reducing energy use in all areas of operations.
Outrigger Continues Its Expansion In Australia With Two New Properties Return to Headlines
Outrigger Enterprises Group (Outrigger) has announced the signing of a memorandum of understanding with property developer Meridien to manage two new waterfront resorts at Port of Airlie at Airlie Beach in North Queensland, Australia. The group will rebrand Meridien’s Boathouse Apartments as The Boathouse by Outrigger, offering 56 two- and three-bedroom apartments. The second stage of the development, the Port of Airlie Resort, will feature spacious resort-style apartments, and meeting and conference facilities, together with food and beverage outlets and full resort facilities.
Raffles Makati On Schedule For Completion In 2011 Return to Headlines
Despite fears of a delay in construction, the iconic Raffles Residences in Manila’s downtown Makati is expected to be completed on schedule. Slated to open during the fourth quarter of 2011, 70% of the private residences are said to have already been sold. The project, which is a joint venture between Kingdom Hotel Investments and Ayala Land, consists of hotel and serviced apartment components. The entire project will include a 279-room Fairmont hotel, a 30-suite Raffles Hotel and 237 Raffles branded private residences.
Starwood Announces Plans To Expand Its Global Spa Operations Return to Headlines
Starwood Hotels and Resorts Worldwide (Starwood) has unveiled plans to expand its portfolio of hotel spas by more than 50% in 2011, adding 150 new spas to its existing portfolio of more than 300 hotel spas across its brands. The hotel group will strengthen its branded spa concepts, with Sheraton, St Regis and Le Meridien to debut their own exclusive in-house spa brands. The spa brands will include Explore Spa by Le Meridien, Heavenly Spa by Westin, Away Spa by W Hotels and Shine Spa for Sheraton.
New Green Hotel In Pudong, Shanghai Return to Headlines
URBN Hotels and Resorts will be collaborating with Vanke, the largest residential real estate developer in China, to construct and operate a sustainably built and green-operated hotel in Sanlin District of Pudong, Shanghai. The 20,000-square- metre boutique green hotel – URBN Hotel Pudong, will be part of a larger development, comprising commercial, retail and residential components. The entire project will feature 55 hotel rooms, 50 URBN serviced residences, and 4,500 square metres of dining, wellness and art spaces. URBN Hotel Pudong is slated to open during spring of 2012.
Absolute Share Price Performance, as at 3 december 2010
Closing Share Price as at 3 December 2010 26 November 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.48 6.50
General Property Group 2.80 2.79
Mirvac Group 1.28 1.28
Ocean Capital Limited 0.24 0.24
Thakral Holdings Group 0.50 0.49 2%
Living and Leisure Australia Group 0.021 0.022 -5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.90 4.60 7%
Dusit Thani Public Co Ltd 31.50 30.50 3%
The Erawan Group Public Co Ltd 2.26 2.26
Grande Asset Hotels and Property Public Co Ltd 1.57 1.49 5%
Laguna Resorts & Hotel Public Co Ltd 52.00 51.75
Minor International Public Co Ltd 11.60 11.30 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  24.98 26.09 -4%
Beijing Capital Tourism Co Ltd 24.22 24.81 -2%
Jinling Hotel Corporation Ltd 9.68 9.16 6%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 8.72 9.06 -4%
Guangzhou Dong Fang Hotel Co Ltd 11.00 11.63 -5%
Shenzhen Century Plaza Hotel Co Ltd 5.96 6.04 -1%
Home Inns & Hotels Management Inc 47.06 48.38 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.00 8.90 1%
Regal Hotels International Holdings Ltd 3.11 3.04 2%
Sino Hotels Holdings Ltd 2.45 2.60 -6%
The Hong Kong & Shanghai Hotels Ltd 13.28 13.00 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 95.00 90.35 5%
EIH (Oberoi Hotels & Resorts) 116.35 107.15 9%
Hotel Leela Ventures 45.30 41.45 9%
Korea Exchange (KRW)
The Shilla  30,200 28,800 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.45 3%
Ascott Residence Trust 1.19 1.19
Banyan Tree Holdings Limited 1.11 1.02 9%
CDL HTrust  2.01 2.05 -2%
Hotel Grand Central Ltd 0.84 0.87 -3%
Hotel Properties Ltd 2.87 2.84 1%
Mandarin Oriental International Ltd (US$) 2.08 2.00 4%
Pan Pacific Hotels Group Limited 1.60 1.60
Shangri-La Asia Limited (HK$) 20.50 18.90 8%
Stamford Land Corporation Ltd 0.58 0.57 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  501 483 4%
The Ambassador Hotel, Ltd  46.30 45.90 1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  254,700 239,800 6%
Japan Hotel and Resort Inc 228,800 215,400 6%
Imperial Hotel, Ltd  1,873 1,888 -1%
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HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
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