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Featured in this Asia Pacific Hospitality Newsletter |
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 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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
5 February 2010 |
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Closing Share Price as at |
5 Feb 2010 |
29 Jan 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.64 |
5.59 |
1% |
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General Property Group |
0.60 |
0.57 |
4% |
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Mirvac Group |
1.49 |
1.46 |
2% |
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Ocean Capital Limited |
0.38 |
0.38 |
– |
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Thakral Holdings Group |
0.35 |
0.36 |
-1% |
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Living and Leisure Australia Group |
0.023 |
0.023 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
3.92 |
3.90 |
1% |
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Dusit Thani Public Co Ltd |
27.00 |
27.00 |
– |
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The Erawan Group Public Co Ltd |
2.38 |
2.34 |
2% |
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Grande Asset Hotels and Property Public Co Ltd |
1.25 |
1.30 |
-4% |
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Laguna Resorts & Hotel Public Co Ltd |
40.00 |
40.00 |
– |
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Minor International Public Co Ltd |
11.10 |
10.80 |
3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
25.91 |
26.15 |
-1% |
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Beijing Capital Tourism Co Ltd |
23.16 |
21.86 |
6% |
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Jinling Hotel Corporation Ltd |
8.98 |
8.37 |
7% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.13 |
8.29 |
10% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.85 |
9.50 |
4% |
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Shenzhen Century Plaza Hotel Co Ltd |
7.22 |
7.18 |
1% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
28.31 |
30.76 |
-8% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.23 |
8.21 |
0% |
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Regal Hotels International Holdings Ltd |
2.72 |
2.69 |
1% |
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Sino Hotels Holdings Ltd |
2.28 |
2.39 |
-5% |
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The Hong Kong & Shanghai Hotels Ltd |
10.88 |
10.98 |
-1% |
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Korea Exchange (KRW) |
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The Shilla |
20,050 |
19,850 |
1% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.51 |
0.51 |
– |
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ART Management Limited |
1.14 |
1.16 |
-2% |
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Banyan Tree Holdings Limited |
0.68 |
0.70 |
-3% |
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CDL HTrust |
1.70 |
1.80 |
-6% |
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Hotel Grand Central Ltd |
0.70 |
0.71 |
-1% |
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Hotel Properties Ltd |
1.99 |
2.05 |
-3% |
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Mandarin Oriental International Ltd (US$) |
1.32 |
1.41 |
-6% |
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Pan Pacific Hotels Group Limited |
1.51 |
1.51 |
– |
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Shangri-La Asia Limited (HK$) |
13.00 |
13.20 |
-2% |
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Stamford Land Corporation Ltd |
0.41 |
0.41 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
335 |
363 |
-8% |
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The Ambassador Hotel, Ltd |
34.20 |
36.00 |
-5% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
135,800 |
135,300 |
0% |
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Japan Hotel and Resort Inc |
120,300 |
126,500 |
-5% |
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Imperial Hotel, Ltd |
1,602 |
1,600 |
0% |
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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. |
