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November 12, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
First W Hotel In Southeast Asia
Wyndham Strengthens Its Position In China With New Hotel At Hangzhou’s Xixi National Wetland Park
Hyatt Expands Its Indian Market Portfolio With Opening Of The Hyatt Regency Pune
Luang Prabang Airport’s Upgrading Plans To Go Ahead
First New-Build Property In Manila For Holiday Inn
Absolute Share Price Performance, As At 12 November 2010
First W Hotel In Southeast Asia Return to Headlines
W Hotels Worldwide marks its entry into the Southeast Asia market with the opening of W Retreat Koh Samui. The 75-villa retreat is strategically located at the peak of the north shore of Thailand's famous Samui Island, offering panoramic sunrise and sunset views of the Gulf of Thailand. Each villa will have a private pool, daybeds, an outdoor shower, a 46-inch plasma screen television and the signature W bed. The move is an important milestone for W Hotels’ international growth strategy, which aims to double its global portfolio to more than 50 hotels worldwide by 2012.
Wyndham Strengthens Its Position In China With New Hotel At Hangzhou’s Xixi National Wetland Park Return to Headlines
Wyndham Hotel Group has announced its continued expansion in China with the opening of the 251-room Wyndham Hangzhou Xixi Resort. The resort, which is owned by Hangzhou Xixi Wetland Management Company Limited, will be part of a large sustainable tourism development in Hangzhou. Located in the western part of the city and less than five kilometres from the famous West Lake, the Xixi National Wetland Park is the first and only national wetland park in China. Slated to be opened at the end of 2011, the move strengthens the group’s portfolio in China, which currently comprises 270 hotels under its various brands.
Hyatt Expands Its Indian Market Portfolio With Opening Of The Hyatt Regency Pune Return to Headlines
Pune, one of India’s fastest growing cities, will have its first upper upscale deluxe hotel and residences complex in the form of the Hyatt Regency Pune. Located within the Weikfield IT Park in the city's upcoming IT corridor and a short drive from Lohegaon International Airport, the hotel caters to both leisure and business travellers, being also just ten minutes from the upmarket entertainment areas of Koregaon Park and Kalyani Nagar. The hotel has 222 guestrooms and suites, with the 84 serviced apartments scheduled to open in 2011. The hotel also features more than 1,900 square metres of conference and meeting facilities, with a 640-square-metre pillarless ballroom.
Luang Prabang Airport’s Upgrading Plans To Go Ahead Return to Headlines
Despite concerns from tour operators and hoteliers, the US$86.4 million expansion project for Laos’ Luang Prabang Airport will proceed as planned. There were fears that the project will affect the appeal of the nearby UNESCO World Heritage Site, but the Lao National Tourism Administration has explained that due to budget constraints, they are not able to build a new airport outside the city. The expansion project includes a new 9,800-square-metre passenger terminal and a new 3,000-metre runway that will be able to accommodate Boeing 737 and Airbus A320 aircraft. The project is expected to be completed by 2013.
First New-Build Property In Manila For Holiday Inn Return to Headlines
InterContinental Hotels Group (IHG) has collaborated with real estate developer Ayala Land to open the Holiday Inn and Suites Makati in Manila, the Philippines. The 347-room hotel will be the first purpose-built Holiday Inn property in the country, and will be IHG’s second partnership with Ayala Land, which also owns the InterContinental Manila. The Holiday Inn and Suites Makati is situated in the financial hub of Makati City, on top of the redeveloped Glorietta Mall, one of Metro Manila's largest retail and entertainment complexes. The hotel is slated to be opened in 2013.
Absolute Share Price Performance, as at 12 November 2010
Closing Share Price as at 12 November 2010 5 November 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.57 6.62 -1%
General Property Group 2.78 2.81 -1%
Mirvac Group 1.25 1.30 -4%
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.47 0.48 -1%
Living and Leisure Australia Group 0.025 0.025
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.50 4.76 -5%
Dusit Thani Public Co Ltd 31.75 32.00 -1%
The Erawan Group Public Co Ltd 2.30 2.28 1%
Grande Asset Hotels and Property Public Co Ltd 1.45 1.44 1%
Laguna Resorts & Hotel Public Co Ltd 48.50 52.50 -8%
Minor International Public Co Ltd 11.80 12.10 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  23.81 25.09 -5%
Beijing Capital Tourism Co Ltd 24.87 23.05 8%
Jinling Hotel Corporation Ltd 8.73 9.62 -9%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.60 9.82 -2%
Guangzhou Dong Fang Hotel Co Ltd 13.07 15.39 -15%
Shenzhen Century Plaza Hotel Co Ltd 6.39 6.68 -4%
Home Inns & Hotels Management Inc 50.70 45.77 11%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.30 9.44 -1%
Regal Hotels International Holdings Ltd 3.20 3.20
Sino Hotels Holdings Ltd 2.75 2.49 10%
The Hong Kong & Shanghai Hotels Ltd 13.64 13.98 -2%
Korea Exchange (KRW)
The Shilla  29,000 29,550 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.45 0.46 -2%
Ascott Residence Trust 1.21 1.25 -3%
Banyan Tree Holdings Limited 1.06 1.01 5%
CDL HTrust  2.11 2.19 -4%
Hotel Grand Central Ltd 0.87 0.85 2%
Hotel Properties Ltd 2.87 2.80 3%
Mandarin Oriental International Ltd (US$) 1.97 2.08 -5%
Pan Pacific Hotels Group Limited 1.64 1.64
Shangri-La Asia Limited (HK$) 19.50 18.64 5%
Stamford Land Corporation Ltd 0.56 0.56
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  486 485
The Ambassador Hotel, Ltd  46.95 47.25 -1%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  252,900 255,900 -1%
Japan Hotel and Resort Inc 201,800 203,100 -1%
Imperial Hotel, Ltd  1,890 1,904 -1%
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Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
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Manav Thadani
HVS New Delhi
Manav Thadani
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Adeline Phua
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David Ling
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