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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
3 december 2010 |
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Closing Share Price as at |
3 December 2010 |
26 November 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.48 |
6.50 |
– |
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General Property Group |
2.80 |
2.79 |
– |
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Mirvac Group |
1.28 |
1.28 |
– |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.50 |
0.49 |
2% |
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Living and Leisure Australia Group |
0.021 |
0.022 |
-5% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.90 |
4.60 |
7% |
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Dusit Thani Public Co Ltd |
31.50 |
30.50 |
3% |
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The Erawan Group Public Co Ltd |
2.26 |
2.26 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.57 |
1.49 |
5% |
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Laguna Resorts & Hotel Public Co Ltd |
52.00 |
51.75 |
– |
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Minor International Public Co Ltd |
11.60 |
11.30 |
3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.98 |
26.09 |
-4% |
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Beijing Capital Tourism Co Ltd |
24.22 |
24.81 |
-2% |
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Jinling Hotel Corporation Ltd |
9.68 |
9.16 |
6% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
8.72 |
9.06 |
-4% |
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Guangzhou Dong Fang Hotel Co Ltd |
11.00 |
11.63 |
-5% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.96 |
6.04 |
-1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
47.06 |
48.38 |
-3% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.00 |
8.90 |
1% |
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Regal Hotels International Holdings Ltd |
3.11 |
3.04 |
2% |
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Sino Hotels Holdings Ltd |
2.45 |
2.60 |
-6% |
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The Hong Kong & Shanghai Hotels Ltd |
13.28 |
13.00 |
2% |
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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% |
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Korea Exchange (KRW) |
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The Shilla |
30,200 |
28,800 |
5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.45 |
3% |
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Ascott Residence Trust |
1.19 |
1.19 |
– |
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Banyan Tree Holdings Limited |
1.11 |
1.02 |
9% |
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CDL HTrust |
2.01 |
2.05 |
-2% |
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Hotel Grand Central Ltd |
0.84 |
0.87 |
-3% |
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Hotel Properties Ltd |
2.87 |
2.84 |
1% |
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Mandarin Oriental International Ltd (US$) |
2.08 |
2.00 |
4% |
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Pan Pacific Hotels Group Limited |
1.60 |
1.60 |
– |
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Shangri-La Asia Limited (HK$) |
20.50 |
18.90 |
8% |
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Stamford Land Corporation Ltd |
0.58 |
0.57 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
501 |
483 |
4% |
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The Ambassador Hotel, Ltd |
46.30 |
45.90 |
1% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
254,700 |
239,800 |
6% |
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Japan Hotel and Resort Inc |
228,800 |
215,400 |
6% |
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Imperial Hotel, Ltd |
1,873 |
1,888 |
-1% |
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Joan Raffetto
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Tel: +1 (516) 248-8828 ext. 231
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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. |
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