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December 31, 2010 Sign up to automatically receive HVS mailings
A toast to a fabulous and prosperous 2011 for all our Asia Pacific Newsletter readers!
Best Wishes, from HVS Regional Offices

Featured in this Asia Pacific Hospitality Newsletter
China Hotel Investment Conference 2011
Best Western Debuts In Indore, Central India
New Outrigger Resort In Koh Samui, Thailand
Marriott Continues Expansion In China With Yiwu Marriott Hotel
Starwood To Open Three New Sheraton Hotels In China
Shangri-La Acquires Land In Colombo For New Hotel
Absolute Share Price Performance, As At 31 December 2010
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.


Best Western Debuts In Indore, Central India Return to Headlines
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.
New Outrigger Resort In Koh Samui, Thailand Return to Headlines
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.
Marriott Continues Expansion In China With Yiwu Marriott Hotel Return to Headlines
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.
Starwood To Open Three New Sheraton Hotels In China Return to Headlines
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.
Shangri-La Acquires Land In Colombo For New Hotel Return to Headlines
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.
Absolute Share Price Performance, as at 31 december 2010
Closing Share Price as at 31 December 2010 24 December 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.49 6.58 -1%
General Property Group 2.94 2.93
Mirvac Group 1.23 1.22 1%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.54 0.55 -3%
Living and Leisure Australia Group 0.028 0.025 12%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.96 4.96
Dusit Thani Public Co Ltd 34.75 34.00 2%
The Erawan Group Public Co Ltd 2.50 2.54 -2%
Grande Asset Hotels and Property Public Co Ltd 3.54 3.16 12%
Laguna Resorts & Hotel Public Co Ltd 56.00 56.00
Minor International Public Co Ltd 11.80 11.40 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  23.24 23.04 1%
Beijing Capital Tourism Co Ltd 22.36 22.78 -2%
Jinling Hotel Corporation Ltd 9.59 9.38 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.41 9.45
Guangzhou Dong Fang Hotel Co Ltd 10.24 10.56 -3%
Shenzhen Century Plaza Hotel Co Ltd 5.44 5.62 -3%
Home Inns & Hotels Management Inc 40.96 41.71 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.08 9.00 1%
Regal Hotels International Holdings Ltd 3.07 2.96 4%
Sino Hotels Holdings Ltd 2.50 2.50
The Hong Kong & Shanghai Hotels Ltd 13.32 13.30
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 96.60 94.55 2%
EIH (Oberoi Hotels & Resorts) 114.60 116.40 -2%
Hotel Leela Ventures 47.30 46.00 3%
Korea Exchange (KRW)
The Shilla  27,750 27,300 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.46
Ascott Residence Trust 1.22 1.21 1%
Banyan Tree Holdings Limited 1.19 1.16 3%
CDL HTrust  2.08 2.10 -1%
Hotel Grand Central Ltd 0.85 0.83 2%
Hotel Properties Ltd 2.79 2.85 -2%
Mandarin Oriental International Ltd (US$) 2.07 1.99 4%
Pan Pacific Hotels Group Limited 1.60 1.57 2%
Shangri-La Asia Limited (HK$) 21.50 21.00 2%
Stamford Land Corporation Ltd 0.64 0.60 7%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  516 521 -1%
The Ambassador Hotel, Ltd  48.00 49.20 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  265,100 264,000
Japan Hotel and Resort Inc 260,200 264,800 -2%
Imperial Hotel, Ltd  2,094 2,050 2%
Return to Headlines
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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