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June 11, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Pan Pacific To Add Two Properties In China
Phuket Expected To Attract Six Million Visitors In 2010
M&C Plans To Introduce Budget Hotel In Singapore
KOH Puos Investment Group To Develop Tourism Centre In Cambodia
Baan Taling Ngam Resort Sold To Thai Group
Absolute Share Price Performance, As At 11 June 2010
Pan Pacific To Add Two Properties In China Return to Headlines
Pan Pacific Hotels Group (Pan Pacific) will open two new properties in Zhejiang, China, by end-2011. Located within the upcoming industrial and economic zone in Ningbo, the 400-room Pan Pacific Ningbo and 200-room Pan Pacific Serviced Suites Ningbo will be developed as part of a mixed-used development by Ningbo International Trade Investment and Development Company Limited. With the opening of these two new properties, Pan Pacific will increase its portfolio in China to four properties.
Phuket Expected To Attract Six Million Visitors In 2010 Return to Headlines
According to the Tourism Authority of Thailand (TAT), Phuket is expected to attract six million visitors in 2010, an increase by approximately 9% from around 5.5 million visitor arrivals in 2009. International visitor arrivals are projected to reach around 4.5 million in 2010, an increase of approximately 13% from the four million international arrivals recorded in 2009. The TAT expects that the growing number of direct regional flights will attract more visitors from Australia, India, the Middle East and South Korea.
M&C Plans To Introduce Budget Hotel In Singapore Return to Headlines
Millennium and Copthorne Hotels (M&C) has revealed plans to introduce a budget property in Singapore. As there is demand for budget accommodation, driven by the rise of low-cost carriers, the Singapore government is helping to allocate more sites suited for the development of budget hotels, located out of the city centre. M&C intends to introduce the group's budget hotels to regional destinations such as Vietnam and China.
KOH Puos Investment Group To Develop Tourism Centre In Cambodia Return to Headlines
KOH Puos Investment Group (KPIG), funded by a group of Russian investors, will invest more than US$1 billion to develop a tourism and residential centre on a southern Cambodian island. Located off the coast of Sihanoukville, this mixed-use development will occupy the 120-hectare Koh Puos Island. The mixed-use development, featuring hotels, a casino complex, sports facilities, luxury residential villas and apartment buildings, and extensive leisure attractions, will be carried out in phases throughout 2016.
Baan Taling Ngam Resort Sold To Thai Group Return to Headlines
Baan Taling Ngam Resort, owned by Lehman Brothers Thailand, has been sold to a Thai group for approximately US$23 million. The buyer is reportedly the Srivikorn family who owns the Bangkok InterContinental Hotel.
Absolute Share Price Performance, as at 11 June 2010
Closing Share Price as at 11 June 2010 4 June 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.70 5.80 -2%
General Property Group 2.78 2.46 13%
Mirvac Group 1.38 1.31 5%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.36 0.37 -3%
Living and Leisure Australia Group 0.019 0.018 6%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.88 3.98 -3%
Dusit Thani Public Co Ltd 29.00 27.50 5%
The Erawan Group Public Co Ltd 1.98 1.96 1%
Grande Asset Hotels and Property Public Co Ltd 1.18 1.20 -2%
Laguna Resorts & Hotel Public Co Ltd 40.00 40.50 -1%
Minor International Public Co Ltd 10.00 10.10 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  21.46 20.73 4%
Beijing Capital Tourism Co Ltd 18.92 18.00 5%
Jinling Hotel Corporation Ltd 7.82 7.63 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.15 9.54 6%
Guangzhou Dong Fang Hotel Co Ltd 9.71 10.17 -5%
Shenzhen Century Plaza Hotel Co Ltd 6.26 6.08 3%
Home Inns & Hotels Management Inc 39.14 36.84 6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.60 7.70 -1%
Regal Hotels International Holdings Ltd 3.02 2.92 3%
Sino Hotels Holdings Ltd 2.30 2.30
The Hong Kong & Shanghai Hotels Ltd 12.44 12.58 -1%
Korea Exchange (KRW)
The Shilla  21,600 21,600
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.45 -2%
ART Management Limited 1.10 1.11 -1%
Banyan Tree Holdings Limited 0.82 0.82
CDL HTrust  1.74 1.71 2%
Hotel Grand Central Ltd 0.73 0.74 -1%
Hotel Properties Ltd 2.66 2.37 12%
Mandarin Oriental International Ltd (US$) 1.42 1.40 1%
Pan Pacific Hotels Group Limited 1.55 1.54 1%
Shangri-La Asia Limited (HK$) 13.60 13.40 1%
Stamford Land Corporation Ltd 0.50 0.50
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  382 376 2%
The Ambassador Hotel, Ltd  36.45 36.65 -1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  194,800 198,600 -2%
Japan Hotel and Resort Inc 173,500 176,400 -2%
Imperial Hotel, Ltd  1,930 1,901 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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