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July 23, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Carlson Expands India Portfolio
Accor And InterGlobe Establish Indian Hotel Fund
Positive Growth For Visitor Arrivals To Asia And The Pacific In First Five Months Of 2010
Barangaroo Project At Darling Harbour To Feature Luxury Hotel
Hotel Nikko Shanghai Opens
Fairmont Peace Hotel Opens Its Doors
Absolute Share Price Performance, As At 23 July 2010
Carlson Expands India Portfolio Return to Headlines
Carlson Hotels (Carlson) has enhanced its position in India with the opening of the 201-room Raddison Hotel Indore, its 12th Raddison Hotel in India. The hotel is strategically located in the business hub of Indore and is a short 20 minutes from Devi Ahilyabai Holkar International Airport. The new addition marks Carlson’s growth in India as part of their global growth strategy to expand their portfolio by at least 50% by 2015. Raddison Hotel Indore will feature 18 suites and 183 rooms, with 3,530 square metres of conference and meeting space that can accommodate up to 1,000 people.
Accor And InterGlobe Establish Indian Hotel Fund Return to Headlines
A new investment fund that focuses on a portfolio of Indian hotel assets has been established by Accor and InterGlobe Enterprises, with each of them holding 32% equity in the fund. The fund will initially hold the assets for seven Indian hotels located in key gateway cities in India, and invest predominantly in the upper mid-scale and upscale hotel segments. The seven hotels are jointly owned by the two companies and will open between 2011 and 2013.
Positive Growth For Visitor Arrivals To Asia And The Pacific In First Five Months Of 2010 Return to Headlines
Preliminary results released by the Pacific Asia Travel Association (PATA) show that international visitor arrivals to the Asia Pacific region for the first five months of 2010 grew by 10% as compared to the same period last year. For the months of April and May, the year-on-year figures grew by 7% and 16 %, respectively. Even though arrivals to and from Europe were affected by Iceland’s volcanic eruption during April and May, the overall travel demand was positive due to the improving global economic climate.
Barangaroo Project At Darling Harbour To Feature Luxury Hotel Return to Headlines
Barangaroo South project, an estimated US$5.4 billion partnership between the Bangaroo Delivery Authority, NSW Government and Lend Lease, will feature a 250-room luxury hotel. Other than the hotel component, the 7.5-hectare site will also have residential, commercial and public spaces. The project will be situated near the central business district on Darling Harbour, and is designed to emphasise Sydney as an important financial centre. The proposed US$225.3 million hotel is scheduled to open by 2014 and will be managed by Lend Lease.
Hotel Nikko Shanghai Opens Return to Headlines
JAL Hotels Co Ltd has announced the opening of the 25-storey, 382-room Hotel Nikko Shanghai. Situated in the Hongqiao Development Zone, in Shanghai, China, the five-star hotel will be part of the new Manpo International Plaza. It is within close proximity to Shanghai Mart and International Exhibition Centre and easily accessible via subway or Yan’an Expressway. The hotel’s conference facilities include a 4,400-square-foot banquet room and seven meeting rooms.
Fairmont Peace Hotel Opens Its Doors Return to Headlines
Jin Jiang Hotels International and Fairmont Hotels and Resorts have announced the opening of Fairmont Peace Hotel for business on 28 July 2010. The opening follows a comprehensive restoration programme for the iconic hotel, located along the Bund in Shanghai, China, which was officially opened on 1 August 1929. The hotel, widely known as the ‘Number One Mansion in the Far East’ was closed in 2007 for restoration works. The new Fairmont Peace Hotel will feature 270 deluxe guestrooms and suites with a mix of 1930s flavour and modern technology.
Absolute Share Price Performance, as at 23 July 2010
Closing Share Price as at 23 July 2010 16 July 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.71 5.70
General Property Group 2.97 2.95 1%
Mirvac Group 1.36 1.33 2%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.43 0.36 18%
Living and Leisure Australia Group 0.018 0.017 6%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.10 4.60 11%
Dusit Thani Public Co Ltd 29.00 29.00
The Erawan Group Public Co Ltd 2.16 2.26 -4%
Grande Asset Hotels and Property Public Co Ltd 1.59 1.56 2%
Laguna Resorts & Hotel Public Co Ltd 47.00 47.25 -1%
Minor International Public Co Ltd 10.90 10.80 1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  20.75 20.07 3%
Beijing Capital Tourism Co Ltd 18.75 18.03 4%
Jinling Hotel Corporation Ltd 7.65 7.20 6%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.38 9.00 4%
Guangzhou Dong Fang Hotel Co Ltd 11.36 11.35
Shenzhen Century Plaza Hotel Co Ltd 6.46 6.04 7%
Home Inns & Hotels Management Inc 42.00 38.88 8%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.88 7.75 2%
Regal Hotels International Holdings Ltd 3.00 3.06 -2%
Sino Hotels Holdings Ltd 2.15 2.24 -4%
The Hong Kong & Shanghai Hotels Ltd 12.28 12.38 -1%
Korea Exchange (KRW)
The Shilla  26100 26,600 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.46
ART Management Limited 1.23 1.18 4%
Banyan Tree Holdings Limited 0.86 0.82 5%
CDL HTrust  1.91 1.85 3%
Hotel Grand Central Ltd 0.79 0.75 5%
Hotel Properties Ltd 2.90 2.60 12%
Mandarin Oriental International Ltd (US$) 1.46 1.46
Pan Pacific Hotels Group Limited 1.60 1.60
Shangri-La Asia Limited (HK$) 15.08 14.38 5%
Stamford Land Corporation Ltd 0.51 0.51
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  456 461 -1%
The Ambassador Hotel, Ltd  41.60 40.55 3%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  222,000 208,700 6%
Japan Hotel and Resort Inc 182,000 177,100 3%
Imperial Hotel, Ltd  1,927 1,870 3%
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Michael Schwarz
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Mark Keith & Daniel Voellm
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Manav Thadani
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Manav Thadani
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Adeline Phua
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