HVS Website
May 21, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
International Visitor Arrivals To Singapore Grow 20.4% In April 2010
Carlson Signs 14th Park Plaza Hotel In Asia Pacific
JAL To Sell Hotel Unit To Hotel Okura
Marriott Aims To Double China Portfolio Over Five Years
Mövenpick Hotel Saigon To Reopen In August 2010
Sofitel Wentworth Sydney Sold For Approximately US$110 Million
Absolute Share Price Performance, As At 21 May 2010
 
International Visitor Arrivals To Singapore Grow 20.4% In April 2010 Return to Headlines

International visitor arrivals to Singapore reached 938,000 in April 2010, a 20.4% increase compared to the same period of the previous year. According to the Singapore Tourism Board, this is the highest recorded figure in the month of April, and makes it the fifth consecutive month to record an increase in international arrivals. This robust growth is attributed to the continued improvement of the economic climate.

 
Carlson Signs 14th Park Plaza Hotel In Asia Pacific Return to Headlines
Carlson Hotels (Carlson) has announced the signing of the 14th Park Plaza property in Asia Pacific. The management agreement was signed between Carlson and Century Hua Fu (Chengdu) Investment Management Co Ltd. The 254-key Park Plaza Hotel Chengdu, which will be located a five-minute drive away from Chengdu International Airport, is expected to open at the end of 2010.
 
JAL To Sell Hotel Unit To Hotel Okura Return to Headlines
Japan Airlines Corp (JAL) plans to sell its hotel operating unit, JAL Hotels Co (JAL Hotels), to Hotel Okura Tokyo Co (Hotel Okura). JAL is in the final stage of negotiations with Hotel Okura to sell JAL Hotels, comprising 41 hotels in Japan and 17 hotels located overseas. Currently operating Hotel Okura Tokyo and hotels in other cities such as Kyoto and Fukuoka, Hotel Okura aims to further expand its business through the acquisition of JAL Hotels.
 
Marriott Aims To Double China Portfolio Over Five Years Return to Headlines
Marriott International (Marriott) has signed management agreements for seven additional hotels in China. Marriott expects to have 60 hotels open across six brands by end of 2010, including Ritz-Carlton, and aims to double its presence in China in about five years. The seven management agreements are for the 320-key JW Marriott Dalian, 507-key Renaissance Sanya Resort and Spa, 269-key Renaissance Zhuhai Hotel, 260-key Courtyard by Marriott Fuzhou, 265-key Courtyard by Marriott Kunshan, 350-key Hangzhou Marriott Hotel and 330-key Shanghai Marriott Minghang.
 
Mövenpick Hotel Saigon To Reopen In August 2010 Return to Headlines
Mövenpick Hotel Saigon, which has been closed since March 2010 for renovations, is expected to reopen on 1 August 2010. The renovation project of Mövenpick Hotel Saigon includes the redesign of the engineering system and reallocation of space throughout the property. Upon completion of its renovation, the property will be a progressive and environmentally sound property that will enhance guest comfort.
 
Sofitel Wentworth Sydney Sold For Approximately US$110 Million Return to Headlines
LaSalle Asia Opportunity Fund III, under LaSalle Investment Management, has bought the 436-key Sofitel Wentworth Sydney for approximately US$110 million from Tourism Assets Holdings Ltd. This translates to a sales price per key of approximately US$253,000.
 
Absolute Share Price Performance, as at 21 may 2010
 
Closing Share Price as at 21 May 2010 14 May 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.48 5.75 -5%
General Property Group 2.60 2.75 -5%
Mirvac Group 1.24 1.38 -10%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.39 0.42 -7%
Living and Leisure Australia Group 0.021 0.021
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 3.86 3.92 -2%
Dusit Thani Public Co Ltd 27.75 27.00 3%
The Erawan Group Public Co Ltd 2.18 2.22 -2%
Grande Asset Hotels and Property Public Co Ltd 1.35 1.26 7%
Laguna Resorts & Hotel Public Co Ltd 39.00 39.00
Minor International Public Co Ltd 9.65 10.10 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  18.48 21.33 -13%
Beijing Capital Tourism Co Ltd 18.19 19.87 -8%
Jinling Hotel Corporation Ltd 7.69 8.43 -9%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.00 10.34 -13%
Guangzhou Dong Fang Hotel Co Ltd 9.11 8.55 7%
Shenzhen Century Plaza Hotel Co Ltd 5.78 6.41 -10%
NASDAQ (US$)
Home Inns & Hotels Management Inc 33.91 36.19 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 7.45 7.73 -4%
Regal Hotels International Holdings Ltd 2.67 2.78 -4%
Sino Hotels Holdings Ltd 2.21 2.27 -3%
The Hong Kong & Shanghai Hotels Ltd 11.48 12.12 -5%
Korea Exchange (KRW)
The Shilla  21,700 22,450 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.49 -10%
ART Management Limited 1.09 1.16 -6%
Banyan Tree Holdings Limited 0.78 0.82 -5%
CDL HTrust  1.77 1.92 -8%
Hotel Grand Central Ltd 0.73 0.78 -6%
Hotel Properties Ltd 2.12 2.21 -4%
Mandarin Oriental International Ltd (US$) 1.42 1.55 -8%
Pan Pacific Hotels Group Limited 1.54 1.54
Shangri-La Asia Limited (HK$) 13.32 13.80 -3%
Stamford Land Corporation Ltd 0.48 0.51 -6%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  340 358 -5%
The Ambassador Hotel, Ltd  33.30 33.35
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  200,500 202,600 -1%
Japan Hotel and Resort Inc 168,400 176,600 -5%
Imperial Hotel, Ltd  1,888 1,883
 
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
 
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive emails from our HVS list. You are receiving this email because you have contacted us through our website or through other means. To unsubscribe from future mailings to this list, please send a blank email to: $subst('Email.UnSub').

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.

You can also contact us by phone or regular mail:

HVS
Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
 
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.

© HVS 2010 Terms of Use | Contact Us