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Featured in this Asia Pacific Hospitality Newsletter |
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InterContinental Hotels Group (IHG) has signed four hotel
contracts in Hong Kong at the Hotel Investment Conference
Asia Pacific (HICAP). The contracts will cover the group’s
expansion in Taipei, Hong Kong and Xiamen and will
eventually add more than 700 rooms to its portfolio. The
hotels in the pipeline are the 127-room Hotel Indigo Xiamen
Harbour View, the 173-room Hotel Indigo Taipei Xinyi, the
125-room Holiday Inn Express Taipei Xinyi and the 300-room
Holiday Inn Express Hong Kong Mongkok. The first three
hotels are expected to open by 2011 while the Holiday Inn
Express in Hong Kong is slated to open by 2014. |
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The 352-room Langham Shenzhen will be opening in 2012 in
Futian, Shenzhen’s new business and commercial district. The
hotel, which is a collaboration between Langham Hotels
International and Shenzhen East Pacific Group, will be part
of the Shenzhen East Pacific International Centre. The whole
complex, which will include serviced apartments, luxury
retail and commercial space, is conveniently situated near
the Hong Kong border and 30 minutes’ drive from the airport.
Facilities at the Langham Shenzhen include the Chuan Spa,
the only international spa based on the principles of
Traditional Chinese Medicine, as well as both indoor and
outdoor swimming pools. |
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Carlson has announced that it plans to have more than 100
hotels in operation in India by 2015. Three hotels have
already commenced operations during the first half of this
year, with another five more coming up by the end of the
year. These include the 178-room Radisson Hotel New Delhi
Paschim Vihar, the 120-room Radisson Hotel Rudrapur, the
73-room Country Inn & Suites Gurgaon Sector 12, the 94-room
Park Plaza Ahmedabad and the 80-room Park Plaza Faridabad.
The company has also announced that there are already plans
to have 15 more hotels in the country in 2011. |
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Starwood Hotels and Resorts is expected to manage a hotel under
the Westin brand in Asia Square Tower Two in Singapore. The
Westin brand makes a return to the city-state after an absence
of about a decade, with the group previously managing two Westin
hotels in the Raffles City complex till the end of 2001. The new
280-room Westin hotel will occupy the 32nd to 46th floors of
Tower Two of the Asia Square development, which includes 26
levels of offices and also retail spaces on the first two
floors. The hotel is slated to open in 2013. |
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Hyatt Announces Expansion Plans In Emerging Cities And Resort
Destinations In China |
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Hyatt Hotels Corporation is planning to expand its portfolio
in China with the signing of management agreements for 11
new Hyatt-branded hotels in emerging cities and resort
destinations. These 11 new hotels will be on top of the
other Hyatt properties currently under development in places
such as Chengdu, Chongqing, Guangzhou, Hangzhou, Nanjing,
Ningbo, Sanya Sunny Bay, Suzhou, Wuxi and Xuzhou. Four of
the properties currently under development, the Park Hyatt
Ningbo, Hyatt Regency Jinan, Hyatt Regency Guiyang and Hyatt
Regency Qingdao, are slated to open in 2011. |
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Absolute Share Price Performance, as at
22 October 2010 |
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Closing Share Price as at |
22 October 2010 |
15 October 2010 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.31 |
6.17 |
2% |
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General Property Group |
2.90 |
3.00 |
-3% |
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Mirvac Group |
1.34 |
1.34 |
– |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.46 |
0.46 |
-1% |
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Living and Leisure Australia Group |
0.027 |
0.028 |
-4% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
5.05 |
5.00 |
1% |
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Dusit Thani Public Co Ltd |
32.00 |
33.00 |
-3% |
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The Erawan Group Public Co Ltd |
2.32 |
2.34 |
-1% |
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Grande Asset Hotels and Property Public Co Ltd |
1.41 |
1.50 |
-6% |
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Laguna Resorts & Hotel Public Co Ltd |
54.25 |
54.00 |
– |
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Minor International Public Co Ltd |
12.50 |
12.30 |
2% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
24.12 |
23.24 |
4% |
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Beijing Capital Tourism Co Ltd |
22.64 |
21.70 |
4% |
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Jinling Hotel Corporation Ltd |
8.78 |
8.38 |
5% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.66 |
9.45 |
2% |
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Guangzhou Dong Fang Hotel Co Ltd |
14.11 |
14.25 |
-1% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.39 |
6.38 |
– |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
51.24 |
52.29 |
-2% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.32 |
9.46 |
-1% |
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Regal Hotels International Holdings Ltd |
3.16 |
3.30 |
-4% |
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Sino Hotels Holdings Ltd |
2.35 |
2.50 |
-6% |
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The Hong Kong & Shanghai Hotels Ltd |
13.84 |
13.88 |
– |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
99.45 |
100.70 |
-1% |
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EIH (Oberoi Hotels & Resorts) |
131.00 |
133.95 |
-2% |
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Hotel Leela Ventures |
56.10 |
54.60 |
3% |
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Korea Exchange (KRW) |
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The Shilla |
29,000 |
30,050 |
-3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.47 |
0.46 |
2% |
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Ascott Residence Trust |
1.24 |
1.19 |
4% |
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Banyan Tree Holdings Limited |
0.92 |
0.94 |
-2% |
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CDL HTrust |
2.08 |
2.13 |
-2% |
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Hotel Grand Central Ltd |
0.83 |
0.82 |
1% |
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Hotel Properties Ltd |
2.82 |
2.84 |
-1% |
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Mandarin Oriental International Ltd (US$) |
1.85 |
1.91 |
-3% |
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Pan Pacific Hotels Group Limited |
1.64 |
1.62 |
1% |
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Shangri-La Asia Limited (HK$) |
17.52 |
18.00 |
-3% |
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Stamford Land Corporation Ltd |
0.56 |
0.56 |
– |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
520 |
527 |
-1% |
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The Ambassador Hotel, Ltd |
50.40 |
52.80 |
-5% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
240,600 |
238,000 |
1% |
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Japan Hotel and Resort Inc |
198,500 |
191,700 |
4% |
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Imperial Hotel, Ltd |
1,930 |
1,912 |
1% |
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Return to Headlines |
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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. |
