Featured in this Asia Pacific Hospitality Newsletter |
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Bukit Uluwatu Villa, a luxury villa and hotel developer and
operator, will be opening the Alila Villas Bintan in
mid-2011. The company has acquired Bukit Lagoi Villa for
US$11 million for the development of the new resort, which
will feature 50 villas and 12 residential units.
Construction work for the approximately US$38.5 million
development is expected to start at the end of this year.
Other upcoming projects by the company include the expansion
of Alila Ubud and a new 60-room development in Manado. |
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Swiss-Garden International Hotels, Resorts & Inns (Swiss
Garden) has added serviced apartments to its portfolio with
the Swiss-Garden Hotel & Residences Kuala Lumpur scheduled
to open in April or May next year. The hotel, which will be
an extension of the former Swiss-Garden Hotel Kuala Lumpur,
will feature a new wing offering 478 units of one- and
two-bedroom apartments. With six properties currently in
Malaysia, the group is looking to expand into other
countries such as Vietnam, Thailand and China. |
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Sterling Hotels, a member of Preferred Hotel Group, has added
the Oriental Hotel Hiroshima in Japan to its portfolio. The
227-guestroom hotel will appeal to both business and leisure
travellers as it is conveniently located along Heiwa Odori,
the main street in Hiroshima. The hotel was the creation of
some of Japan's best designers, including famous interior
designer Shigeru Uchida. The Oriental Hotel Hiroshima is a
welcome addition to the group’s existing hotels outside
Tokyo, including Sapporo and Yokohama. |
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Pearl Laguna Resort is building a US$15 million five-star resort
in southern Myanmar, the largest tourism development in the
Tanintharyi Division. The resort, which has yet to be named,
will be opening in phases, starting with 60 rooms in the first
phase. The resort will feature three room categories – standard,
suite and superior suite – and facilities such as a convention
centre, meeting rooms and a shopping centre with duty-free
shops. |
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The Première Hotel, a MYR75 million development, will open in
Klang, Malaysia in October this year. The 18-floor deluxe
business hotel, which will feature 250 rooms and suites, is
WCT Land Sdn Bhd’s first foray into the hotel industry.
Located at Jalan Langat, Bandar Bukit Tinggi in Klang, the
hotel is within close proximity to Giant hypermarket and the
Aeon Bukit Tinggi Shopping Centre. The hotel will also have
more than 1,689 square metres of pillar-free meeting space,
offering a prime venue for meetings and conferences, as well
as weddings for up to 1,500 persons. |
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Absolute Share Price Performance, as at
16 July 2010 |
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Closing Share Price as at |
16 July 2010 |
9 July 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.70 |
5.78 |
-1% |
General Property Group |
2.95 |
2.90 |
2% |
Mirvac Group |
1.33 |
1.29 |
3% |
Ocean Capital Limited |
0.25 |
0.25 |
– |
Thakral Holdings Group |
0.36 |
0.37 |
-1% |
Living and Leisure Australia Group |
0.017 |
0.017 |
– |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
4.60 |
4.80 |
-4% |
Dusit Thani Public Co Ltd |
29.00 |
29.00 |
– |
The Erawan Group Public Co Ltd |
2.26 |
2.16 |
5% |
Grande Asset Hotels and Property Public Co Ltd |
1.56 |
1.00 |
56% |
Laguna Resorts & Hotel Public Co Ltd |
47.25 |
43.50 |
9% |
Minor International Public Co Ltd |
10.80 |
10.90 |
-1% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
20.07 |
19.84 |
1% |
Beijing Capital Tourism Co Ltd |
18.03 |
17.58 |
3% |
Jinling Hotel Corporation Ltd |
7.20 |
7.30 |
-1% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
9.00 |
9.24 |
-3% |
Guangzhou Dong Fang Hotel Co Ltd |
11.35 |
11.00 |
3% |
Shenzhen Century Plaza Hotel Co Ltd |
6.04 |
6.20 |
-3% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
38.88 |
40.79 |
-5% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
7.75 |
7.71 |
1% |
Regal Hotels International Holdings Ltd |
3.06 |
3.07 |
– |
Sino Hotels Holdings Ltd |
2.24 |
2.24 |
– |
The Hong Kong & Shanghai Hotels Ltd |
12.38 |
12.52 |
-1% |
Korea Exchange (KRW) |
The Shilla |
26,600 |
26,800 |
-1% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.46 |
0.44 |
5% |
ART Management Limited |
1.18 |
1.17 |
1% |
Banyan Tree Holdings Limited |
0.82 |
0.82 |
– |
CDL HTrust |
1.85 |
1.81 |
2% |
Hotel Grand Central Ltd |
0.75 |
0.74 |
1% |
Hotel Properties Ltd |
2.60 |
2.58 |
1% |
Mandarin Oriental International Ltd (US$) |
1.46 |
1.44 |
1% |
Pan Pacific Hotels Group Limited |
1.60 |
1.60 |
– |
Shangri-La Asia Limited (HK$) |
14.38 |
14.54 |
-1% |
Stamford Land Corporation Ltd |
0.51 |
0.51 |
– |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
461 |
461 |
– |
The Ambassador Hotel, Ltd |
40.55 |
41.00 |
-1% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
208,700 |
201,200 |
4% |
Japan Hotel and Resort Inc |
177,100 |
175,300 |
1% |
Imperial Hotel, Ltd |
1,870 |
1,888 |
-1% |
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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. |