A toast to a fabulous and prosperous 2011 for all our Asia Pacific Newsletter readers!
Best Wishes, from HVS Regional Offices
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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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Best Western India and Indore-based developers The Horizon
Group are collaborating to open the Best Western Hotel
Horizon, to be located in Indore, the commercial capital of
Madhya Pradesh. Situated in the heart of the city in South
Tukoganj, Indore, the hotel is within close proximity to
commercial hubs and shopping malls. The opening will mark
Best Western’s entry into the central region of India. The
103-room, four-star hotel will feature three food and
beverage outlets as well as banqueting and conference space
to accommodate up to 400 people. The Best Western
Hotel Horizon is slated to open in October 2011. |
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Outrigger Hotels and Resorts Asia has signed an agreement with
Dungfun Co Ltd to open and manage the Outrigger Koh Samui
Resort and Spa in Bhoput Beach, situated in the northeast
corner of Samui Island. The hotel, which is currently
operating as the Destination Beach Resort and Spa, will be
an 81-key luxury villa and suite resort, offering facilities
such as the Navasana Wellness Centre, three swimming pools
and a beachside restaurant. The Outrigger Koh Samui Resort
and Spa is scheduled to open on 1 February 2011. |
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Marriott International (Marriott) has signed a management
agreement with Sanding Holding Group Co Ltd to open the Yiwu
Marriott Hotel in 2014. The 281-key hotel will be located at
the junction of Shangcheng Road and Futian Road, within
close proximity to the International Trade City. The Yiwu
Marriott Hotel will be the first Marriott hotel in the city,
which is popular with travellers from the European Union,
the United States and the United Arab Emirates. Facilities
at the hotel include three restaurants and approximately
1,410 square metres of meeting and function space. |
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Starwood Hotels and Resorts Worldwide (Starwood) has announced
that it will open three new hotels in China under its Sheraton
brand by the end of January 2011. The three hotels are the
471-room Sheraton Shanghai Hongkou Hotel, 303-room Sheraton
Wenzhou Hotel and 298-room Sheraton Jiangyin Hotel. The new
hotel in Shanghai will be the brand’s third hotel in the city,
while the other two Sheraton hotels are making their debut in
Wenzhou and Jiangyin, respectively. The Sheraton Wenzhou Hotel
and Sheraton Jiangyin Hotel have already commenced operations
while the Sheraton Shanghai Hongkou Hotel is scheduled to open
on 15 January 2011. |
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Shangri-La Hotels and Resorts (Shangri-La) has announced the
purchase of six acres of government land facing the Galle
Face green promenade in Colombo, Sri Lanka. The acquired
land will be used to develop a mixed-use complex with
high-end retail facilities, deluxe apartments and a 500-key
luxury hotel, scheduled to be opened during the early part
of 2014. The move marks the group’s entry into Sri Lanka,
which has opened up significantly in terms of foreign
investments since the long-drawn conflict within the country
has ended. |
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Absolute Share Price Performance, as at
31 december 2010 |
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Closing Share Price as at |
31 December 2010 |
24 December 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.49 |
6.58 |
-1% |
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General Property Group |
2.94 |
2.93 |
– |
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Mirvac Group |
1.23 |
1.22 |
1% |
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Ocean Capital Limited |
0.25 |
0.25 |
– |
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Thakral Holdings Group |
0.54 |
0.55 |
-3% |
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Living and Leisure Australia Group |
0.028 |
0.025 |
12% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.96 |
4.96 |
– |
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Dusit Thani Public Co Ltd |
34.75 |
34.00 |
2% |
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The Erawan Group Public Co Ltd |
2.50 |
2.54 |
-2% |
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Grande Asset Hotels and Property Public Co Ltd |
3.54 |
3.16 |
12% |
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Laguna Resorts & Hotel Public Co Ltd |
56.00 |
56.00 |
– |
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Minor International Public Co Ltd |
11.80 |
11.40 |
4% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
23.24 |
23.04 |
1% |
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Beijing Capital Tourism Co Ltd |
22.36 |
22.78 |
-2% |
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Jinling Hotel Corporation Ltd |
9.59 |
9.38 |
2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.41 |
9.45 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
10.24 |
10.56 |
-3% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.44 |
5.62 |
-3% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
40.96 |
41.71 |
-2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.08 |
9.00 |
1% |
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Regal Hotels International Holdings Ltd |
3.07 |
2.96 |
4% |
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Sino Hotels Holdings Ltd |
2.50 |
2.50 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
13.32 |
13.30 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
96.60 |
94.55 |
2% |
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EIH (Oberoi Hotels & Resorts) |
114.60 |
116.40 |
-2% |
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Hotel Leela Ventures |
47.30 |
46.00 |
3% |
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Korea Exchange (KRW) |
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The Shilla |
27,750 |
27,300 |
2% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.46 |
– |
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Ascott Residence Trust |
1.22 |
1.21 |
1% |
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Banyan Tree Holdings Limited |
1.19 |
1.16 |
3% |
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CDL HTrust |
2.08 |
2.10 |
-1% |
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Hotel Grand Central Ltd |
0.85 |
0.83 |
2% |
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Hotel Properties Ltd |
2.79 |
2.85 |
-2% |
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Mandarin Oriental International Ltd (US$) |
2.07 |
1.99 |
4% |
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Pan Pacific Hotels Group Limited |
1.60 |
1.57 |
2% |
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Shangri-La Asia Limited (HK$) |
21.50 |
21.00 |
2% |
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Stamford Land Corporation Ltd |
0.64 |
0.60 |
7% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
516 |
521 |
-1% |
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The Ambassador Hotel, Ltd |
48.00 |
49.20 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
265,100 |
264,000 |
– |
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Japan Hotel and Resort Inc |
260,200 |
264,800 |
-2% |
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Imperial Hotel, Ltd |
2,094 |
2,050 |
2% |
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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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