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Featured in this Asia Pacific Hospitality Newsletter |
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Jumeirah Group, the Dubai-based luxury hospitality company,
will have its first resort in the Maldives in January 2011.
The Jumeirah Dhevanafushi is situated in the Gaafu Alifu
Atoll, 400 kilometres south of the capital city of Malé, in
an area surrounded by beautiful coral reefs. The resort
features 22 island villas, as well as an exclusive water
village named the Hermitage Collection, which includes 16
ocean villas that are separated from the main island.
Another Jumeirah property, the Jumeirah Vittaveli, located
in the South Malé Atoll, is also slated to open shortly
after the Jumeirah Dhevanafushi in March 2011. |
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In order to enhance guest experience, the Ritz-Carlton,
Millenia Singapore recently embarked on a major
transformation. All 608 rooms of the hotel will be given a
makeover to offer guests a contemporary room concept
featuring state-of-the-art technology. Rooms on 16 of the
floors have been given a new layout and interior decor,
while other changes included installing white marble
flooring and rain showers in bathrooms. Energy saving LED
lights and bulbs will also be used throughout the
guestrooms, highlighting the hotel’s commitment to energy
efficiency. The final phase of renovation, which will
involve the remaining 13 storeys of guestrooms, suites and
the club lounge, is expected to be completed by January
2011. |
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StayWell Hospitality Group (SWHG) has marked its entry into
the Southeast Asian market with the opening of Park Regis
Singapore. The 203-room hotel, which is the group’s flagship
property, was officially opened on 16 November this year.
Located conveniently in the Central Business District in
Singapore, the hotel caters to both business and leisure
travellers with a wide range of amenities such as an outdoor
lap pool, a gymnasium, a business centre, and meeting and
conference facilities. SWHG currently manages more than ten
Park Regis hotels, mostly in Australia, and has new
properties under development in Dubai and Kuala Lumpur which
are scheduled to open early 2011. |
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Yue @ Century Park In Shanghai Marks Debut Of Boutique Series
By Kosmopolito In China |
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Kosmopolito Hotels International (KHI) has announced the launch
of the 264-room Yue @ Century Park, Shanghai. The design-led
hotel is the first in the Boutique Series by Kosmopolito in
China, joining other hotels in the Boutique Series such as the
Lan Kwai Fong @ Kau U Fong, Central Park, and Cosmo Hong Kong.
The hotel is located in the heart of Pudong in Shanghai, in
front of Century Park, Shanghai's largest city park. The rooms
at the Yue @ Century Park, which will all offer high-speed and
wireless Internet access and iPod docks, have sizes ranging from
35 to 188 square metres. KHI currently owns, develops and
operates 22 hotels with close to 7,000 rooms across Asia. |
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Over the years, Fairmont Hotels and Resorts has restored some
of the world’s iconic hotels, keeping the history and
glamour of these famous properties. They have unveiled a
series of recent renovations and restorations, which include
the reopening of The Savoy in London and Fairmont Peace
Hotel in Shanghai. The Fairmont Peace Hotel was previously
The Peace Hotel, a Shanghai landmark since 1929 and was
traditionally referred to as the ‘Premier Hotel of the Far
East’. The hotel was revitalised by Fairmont over a
three-year period at a cost of US$65 million, which included
renovations to the rooms, suites, restaurants and the
addition of a new extension to the building that will house
a sky-lit swimming pool. |
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Absolute Share Price Performance, as at
26 November 2010 |
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Closing Share Price as at |
26 November 2010 |
19 November 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.50 |
6.59 |
-1% |
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General Property Group |
2.79 |
2.82 |
-1% |
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Mirvac Group |
1.28 |
1.29 |
-1% |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.49 |
0.48 |
2% |
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Living and Leisure Australia Group |
0.022 |
0.022 |
– |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.60 |
4.70 |
-2% |
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Dusit Thani Public Co Ltd |
30.50 |
31.25 |
-2% |
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The Erawan Group Public Co Ltd |
2.26 |
2.26 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
1.49 |
1.57 |
-5% |
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Laguna Resorts & Hotel Public Co Ltd |
51.75 |
49.00 |
6% |
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Minor International Public Co Ltd |
11.30 |
11.50 |
-2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
26.09 |
27.79 |
-6% |
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Beijing Capital Tourism Co Ltd |
24.81 |
23.60 |
5% |
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Jinling Hotel Corporation Ltd |
9.16 |
9.02 |
2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.06 |
9.05 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
11.63 |
11.73 |
-1% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.04 |
5.92 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
48.38 |
48.20 |
– |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
8.90 |
9.18 |
-3% |
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Regal Hotels International Holdings Ltd |
3.04 |
3.14 |
-3% |
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Sino Hotels Holdings Ltd |
2.60 |
2.60 |
– |
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The Hong Kong & Shanghai Hotels Ltd |
13.00 |
13.10 |
-1% |
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Bombay Stock Exchange (INR) |
| IHCL (Taj Hotels, Resorts
& Palaces) |
90.35 |
98.95 |
-9% |
| EIH (Oberoi Hotels &
Resorts) |
107.15 |
117.15 |
-9% |
| Hotel Leela Ventures |
41.45 |
46.35 |
-11% |
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Korea Exchange (KRW) |
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The Shilla |
28,800 |
29,600 |
-3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.45 |
0.46 |
-3% |
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Ascott Residence Trust |
1.19 |
1.19 |
– |
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Banyan Tree Holdings Limited |
1.02 |
1.02 |
– |
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CDL HTrust |
2.05 |
2.06 |
– |
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Hotel Grand Central Ltd |
0.87 |
0.85 |
3% |
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Hotel Properties Ltd |
2.84 |
2.85 |
– |
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Mandarin Oriental International Ltd (US$) |
2.00 |
1.97 |
2% |
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Pan Pacific Hotels Group Limited |
1.60 |
1.64 |
-2% |
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Shangri-La Asia Limited (HK$) |
18.90 |
19.74 |
-4% |
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Stamford Land Corporation Ltd |
0.57 |
0.58 |
-2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
483 |
474 |
2% |
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The Ambassador Hotel, Ltd |
45.90 |
44.55 |
3% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
239,800 |
231,200 |
4% |
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Japan Hotel and Resort Inc |
215,400 |
212,000 |
2% |
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Imperial Hotel, Ltd |
1,888 |
1,898 |
-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. |
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