Featured in this Asia Pacific Hospitality Newsletter |
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Saigon-based Vina Properties has acquired Dalat Palace Golf
Club in Vietnam, with the acquisition also including two
other hotels, the Dalat Palace Hotel and the Dalat du Parc.
The golf club has a long heritage, being designed back in
the 1920s at the request of Bao Dai, the last emperor of
Vietnam. The Dalat Palace Hotel and the Dalat du Parc offers
43 guestrooms and 140 guestrooms, respectively. Vina
Properties’ other hospitality holdings include the four-star
Ramana Saigon Hotel, in Ho Chi Minh City, and the Royal
Hotel, in Vung Tau. |
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According to the report by the Ministry of Land, Transport and
Maritime Affairs, the average price of land across South
Korea declined 0.04% in September this year as compared to
August. This is the second month in a row that land prices
in the country have contracted, with the number of
transactions dipping 35.8% year-on-year. The weaker overall
numbers are due largely to the fall in land prices for
Seoul, Incheon and Gyeonggi Province, which together account
for half of the country’s 49 million population. |
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Carlson Group has plans to invest between US$1 billion to
US$1.5 billion in its leading Radisson brand. This move
comes after the group’s recent sale of its Regent brand for
US$55 million, on top of its sale of Carlson Marketing for
US$200 million last year. The investment in the Radisson
brand includes the expansion of its new Radisson offshoot,
Radisson Blu, with 23 of the 35 Radisson hotels in Asia to
be rebranded as Radisson Blu hotels. Asia is a huge
contributor to Carlson’s masterplan to grow its hotel
business by 50% to 1,500 hotels worldwide by 2015. |
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New World Hospitality has relaunched its New World Hotels
flagship brand with a new marketing campaign, repositioning
itself to the concept of 'modern Oriental hospitality'. The
campaign will cover Hong Kong, China and Asia Pacific through
different forms of media platforms. The company has also
unveiled plans for four new hotel developments in China,
situated in Guiyang, Beijing, Shenyang and Qingyuan. The new
properties will join the brand's current five properties and two
affiliated hotels across China, Vietnam and the Philippines. |
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Accor Asia-Pacific is in discussions with the owners of the
Sofitel JJ Oriental Pudong and Hotel Sofitel Shanghai Hyland
for strategic repositioning. The management contracts for
the two properties are coming to an end and there are talks
to reposition the two as a Pullman and an M Gallery,
respectively. The potential repositioning plan is also due
to next year’s opening of the Sofitel Hotel Shanghai Jing’an,
which is a new property reflecting Sofitel’s new standards. |
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Absolute Share Price Performance, as at
29 October 2010 |
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Closing Share Price as at |
29 October 2010 |
22 October 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.29 |
6.31 |
– |
General Property Group |
2.79 |
2.90 |
-4% |
Mirvac Group |
1.30 |
1.34 |
-3% |
Ocean Capital Limited |
0.24 |
0.24 |
– |
Thakral Holdings Group |
0.45 |
0.46 |
-2% |
Living and Leisure Australia Group |
0.027 |
0.027 |
– |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
5.05 |
5.05 |
– |
Dusit Thani Public Co Ltd |
30.25 |
32.00 |
-5% |
The Erawan Group Public Co Ltd |
2.28 |
2.32 |
-2% |
Grande Asset Hotels and Property Public Co Ltd |
1.45 |
1.41 |
3% |
Laguna Resorts & Hotel Public Co Ltd |
53.25 |
54.25 |
-2% |
Minor International Public Co Ltd |
12.20 |
12.50 |
-2% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
24.86 |
24.12 |
3% |
Beijing Capital Tourism Co Ltd |
22.56 |
22.64 |
– |
Jinling Hotel Corporation Ltd |
9.22 |
8.78 |
5% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
9.78 |
9.66 |
1% |
Guangzhou Dong Fang Hotel Co Ltd |
14.18 |
14.11 |
– |
Shenzhen Century Plaza Hotel Co Ltd |
6.54 |
6.39 |
2% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
51.16 |
51.24 |
– |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.12 |
9.32 |
-2% |
Regal Hotels International Holdings Ltd |
3.08 |
3.16 |
-3% |
Sino Hotels Holdings Ltd |
2.35 |
2.35 |
– |
The Hong Kong & Shanghai Hotels Ltd |
13.64 |
13.84 |
-1% |
Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
– |
99.45 |
– |
EIH (Oberoi Hotels & Resorts) |
– |
131.00 |
– |
Hotel Leela Ventures |
– |
56.10 |
– |
Korea Exchange (KRW) |
The Shilla |
28,650 |
29,000 |
-1% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.44 |
0.47 |
-6% |
Ascott Residence Trust |
1.27 |
1.24 |
2% |
Banyan Tree Holdings Limited |
0.93 |
0.92 |
1% |
CDL HTrust |
2.14 |
2.08 |
3% |
Hotel Grand Central Ltd |
0.82 |
0.83 |
-1% |
Hotel Properties Ltd |
2.80 |
2.82 |
-1% |
Mandarin Oriental International Ltd (US$) |
1.91 |
1.85 |
3% |
Pan Pacific Hotels Group Limited |
1.64 |
1.64 |
– |
Shangri-La Asia Limited (HK$) |
17.20 |
17.52 |
-2% |
Stamford Land Corporation Ltd |
0.56 |
0.56 |
– |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
497 |
520 |
-4% |
The Ambassador Hotel, Ltd |
48.45 |
50.40 |
-4% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
249,300 |
240,600 |
4% |
Japan Hotel and Resort Inc |
203,300 |
198,500 |
2% |
Imperial Hotel, Ltd |
1,900 |
1,930 |
-2% |
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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. |