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February 5, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
China Hotel Investment Conference (CHIC) - 12-14 May 2010
Jin Jiang Secures Approval For Asset Restructuring Plan
Malaysia Hotel Group To Operate New Hotel In Middle East
Macau's Gaming Revenue Grows 55% In January 2010
Sarovar To Invest US$21 Million On Hometel
Construction In Japan Impacted Heavily By Global Slowdown In 2009
Absolute Share Price Performance, As At 5 February 2010
China Hotel Investment Conference (CHIC) - 12-14 May 2010 Return to Headlines
InterContinental Shanghai Puxi | Shanghai, PR China

Achieve Your Investment Goals at the
Most Influential Hotel Investment Conference in China

Organised by HVS, the world’s leading hospitality consultancy organisation, China Hotel Investment Conference (CHIC) is your must-attend hotel investment event in 2010. Join us from 12–14 May 2010 at the InterContinental Shanghai Puxi, as CHIC 2010 puts the spotlight on ‘From Asia to Global Powerhouse – China, An Extraordinary Opportunity Awaits’.

Building on five successful years of bringing top-notch international speakers to China, this is the premium meeting place to gain insights, build high-level connections and clinch key business deals. Investing your time with CHIC 2010 to discover the unlimited opportunities that await you in this burgeoning economy and the know-how to convert opportunities into winnings is one of your most critical investment decisions of 2010.

Early Bird Registration Ends by 14 February 2010

Don’t miss out on the early bird savings! Click here to register by 14 February for a cost savvy investment. For details, please visit www.chinahotelconference.com or call +86 (021) 5171 7003 for assistance.

Jin Jiang Secures Approval For Asset Restructuring Plan Return to Headlines
Shanghai Jin Jiang International Hotels Development Co Ltd (Jin Jiang) has reportedly received approval from the China Securities Regulatory Commission for its asset restructuring plan. Jin Jiang has plans to acquire the Jin Jiang Inn-branded hotel assets and transfer a 1% stake in Jin Jiang Min Hang Hotel to its parent company as part of the deal. Currently, Jin Jiang operates and has over 490 hotels under development including luxury and budget hotels.
Malaysia Hotel Group To Operate New Hotel In Middle East Return to Headlines
Malaysia Hotel Group, Holiday Villa Hotels and Resorts (Holiday Villa), has signed a takeover agreement with Manazeli Hotels Residences and Resorts to convert an existing hotel in the Middle East under the Holiday Villa brand, its fourth in the region. The hotel, which costs a reported US$5.3 million, forms part of the group’s expansion plans in the Middle East after investments in Qatar and Sudan. Currently, Holiday Villa owns and operates eight hotels in Malaysia and 11 hotels globally.
Macau's Gaming Revenue Grows 55% In January 2010 Return to Headlines
Macau's gaming sector recorded monthly revenue of approximately US$1.7 billion in January 2010, reflecting a 55% growth from the same month in 2009. In addition, it was reported that the 33 Macau casinos generated an average of US$53.6 million daily. Among the six licensed gaming operators, SJM and Las Vegas Sands were reported to have a market share of 30% and 22%, respectively. In 2009, Macau generated approximately US$14.9 billion in gaming revenue, an almost 10% increase from 2008.
Sarovar To Invest US$21 Million On Hometel Return to Headlines
India's Sarovar Hotels and Resorts (Sarovar) plans to invest approximately US$21 million to develop properties under its brand, Hometel. Among the planned developments, a budget hotel in Chandigarh is envisaged to commence operations by February 2010 while two more hotels are expected to be operational in Chennai by end of next year. In addition, Sarovar has announced that it is scheduled to open its properties in Baddi, Mohali, Derabassi and six more in Delhi in the near future. Currently, Sarovar manages 41 hotels and an estimated 21 more hotels will be added in 2010.
Construction In Japan Impacted Heavily By Global Slowdown In 2009 Return to Headlines
According to the Land Ministry, a total of 788,410 homes were constructed in 2009, reflecting the lowest levels since 1964 and a 28% decline from 2008. However, it was noted that the pace of decline slowed towards the last quarter of 2009 as December figures reflected a 16% decline from the same period in 2008. It was also reported that the average price of condominiums fell 5% year-on-year in Tokyo, Kanagawa, Saitama and Chiba. According to the Japan Real Estate Institute, an index of residential land prices has declined by more than 40% since its peak in 1991.
Absolute Share Price Performance, as at 5 February 2010
Closing Share Price as at 5 Feb 2010 29 Jan 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.64 5.59 1%
General Property Group 0.60 0.57 4%
Mirvac Group 1.49 1.46 2%
Ocean Capital Limited 0.38 0.38
Thakral Holdings Group 0.35 0.36 -1%
Living and Leisure Australia Group 0.023 0.023
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.92 3.90 1%
Dusit Thani Public Co Ltd 27.00 27.00
The Erawan Group Public Co Ltd 2.38 2.34 2%
Grande Asset Hotels and Property Public Co Ltd 1.25 1.30 -4%
Laguna Resorts & Hotel Public Co Ltd 40.00 40.00
Minor International Public Co Ltd 11.10 10.80 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  25.91 26.15 -1%
Beijing Capital Tourism Co Ltd 23.16 21.86 6%
Jinling Hotel Corporation Ltd 8.98 8.37 7%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.13 8.29 10%
Guangzhou Dong Fang Hotel Co Ltd 9.85 9.50 4%
Shenzhen Century Plaza Hotel Co Ltd 7.22 7.18 1%
Home Inns & Hotels Management Inc 28.31 30.76 -8%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.23 8.21 0%
Regal Hotels International Holdings Ltd 2.72 2.69 1%
Sino Hotels Holdings Ltd 2.28 2.39 -5%
The Hong Kong & Shanghai Hotels Ltd 10.88 10.98 -1%
Korea Exchange (KRW)
The Shilla  20,050 19,850 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.51 0.51
ART Management Limited 1.14 1.16 -2%
Banyan Tree Holdings Limited 0.68 0.70 -3%
CDL HTrust  1.70 1.80 -6%
Hotel Grand Central Ltd 0.70 0.71 -1%
Hotel Properties Ltd 1.99 2.05 -3%
Mandarin Oriental International Ltd (US$) 1.32 1.41 -6%
Pan Pacific Hotels Group Limited 1.51 1.51
Shangri-La Asia Limited (HK$) 13.00 13.20 -2%
Stamford Land Corporation Ltd 0.41 0.41
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  335 363 -8%
The Ambassador Hotel, Ltd  34.20 36.00 -5%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  135,800 135,300 0%
Japan Hotel and Resort Inc 120,300 126,500 -5%
Imperial Hotel, Ltd  1,602 1,600 0%
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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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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