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October 8, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Novotel Bangkok Impact To Open In Early 2011
Cooling Measures Start To Take Effect On Singapore Property Market
Pan Pacific Bangkok To Be Rebranded As Crowne Plaza
Best Western International Adds Second Property In Sapporo, Japan
Increasing Demand For Luxury Properties In Thailand
Absolute Share Price Performance, As At 8 October 2010
Novotel Bangkok Impact To Open In Early 2011 Return to Headlines
Accor Group has announced that it will be collaborating with IMPACT Exhibition Management to open the 380-room Novotel Bangkok Impact. The ten-storey high hotel will be integrated within the IMPACT Arena, Exhibition and Convention Centre complex. The complex features over 140,000 square metres of indoor space for large-scale events such as the PTT Thailand Open 2010 and the Motor Show 2011. The hotel is a 30-minute drive from the downtown of Bangkok and an hour’s drive from Suvarnabhumi International Airport.
Cooling Measures Start To Take Effect On Singapore Property Market Return to Headlines
Judging by the latest figures from the Urban Redevelopment Authority (URA) and the Housing Development Board (HDB), the cooling measures announced in Singapore at the end of August this year seems to be taking effect on the property market. URA has reported that even though private home prices have continued to rise, this reflects a drop from 5.3% in the second quarter of the year to 3.1% in the third quarter. HDB has also reported that resale transactions volume in the public housing market has dropped by about 25% in September as compared to August. Analysts believe that the full effect of the measures will be better illustrated in the fourth quarter of 2010.
Pan Pacific Bangkok To Be Rebranded As Crowne Plaza Return to Headlines
InterContinental Hotels Group has continued its expansion into Thailand with the upcoming rebranding of the Pan Pacific Bangkok to a Crowne Plaza Hotel. The rebranding, which will take effect on 1 January 2011, marks the entry of Crowne Plaza to the city. The 241-room hotel will be named Crowne Plaza Bangkok Lumpini Park, taking its name from Bangkok’s first public park. The hotel is located in the heart of Bangkok, close to the Siam Paragon Mall and is a short distance from a variety of entertainment, dining and retail options in the Silom area.
Best Western International Adds Second Property In Sapporo, Japan Return to Headlines
Best Western International, the second largest international hotel brand in Japan, has announced the addition of a second hotel in the city of Sapporo. The 278-room Best Western Hotel Sapporo Nakajima Koen is located on the south side of Sapporo city centre by Nakajima Park. Sapporo is the capital and gateway city to the northernmost prefecture of Hokkaido, which is famous around the world for its beautiful natural landscape and ski resorts. The latest addition is Best Western’s 13th property in Japan, with hotels already in operation in cities such as Osaka, Nagasaki and Tokyo.
DIncreasing Demand For Luxury Properties In Thailands Return to Headlines
Demand for luxury real estate properties in popular tourist destinations such as Phuket and Koh Samui is increasing and property experts are optimistic on the outlook for the region. Property firms have highlighted that various luxury residential projects that were on hold previously are now moving forward. Property firms have attributed this increase in demand to a recovery of the purchasing power, which has previously affected the luxury property market in tourist destinations in Thailand.
Absolute Share Price Performance, as at 8 October 2010
Closing Share Price as at 8 October 2010 1 October 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.10 5.89 4%
General Property Group 2.93 2.90 1%
Mirvac Group 1.32 1.33
Ocean Capital Limited 0.25 0.28 -11%
Thakral Holdings Group 0.46 0.46 1%
Living and Leisure Australia Group 0.026 0.027 -4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 5.10 5.75 -11%
Dusit Thani Public Co Ltd 32.00 31.50 2%
The Erawan Group Public Co Ltd 2.38 2.44 -2%
Grande Asset Hotels and Property Public Co Ltd 1.44 1.40 3%
Laguna Resorts & Hotel Public Co Ltd 54.00 54.75 -1%
Minor International Public Co Ltd 12.70 13.70 -7%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  25.35 25.02 1%
Beijing Capital Tourism Co Ltd 23.49 23.40
Jinling Hotel Corporation Ltd 8.70 8.55 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.45 10.34 1%
Guangzhou Dong Fang Hotel Co Ltd 14.89 14.54 2%
Shenzhen Century Plaza Hotel Co Ltd 6.79 6.69 1%
Home Inns & Hotels Management Inc 49.64 50.14 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.77 8.47 4%
Regal Hotels International Holdings Ltd 3.31 3.36 -1%
Sino Hotels Holdings Ltd 2.79 2.31 21%
The Hong Kong & Shanghai Hotels Ltd 13.70 13.66
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 102.20 102.05
EIH (Oberoi Hotels & Resorts) 140.20 135.75 3%
Hotel Leela Ventures 57.50 54.00 6%
Korea Exchange (KRW)
The Shilla  30,200 32,850 -8%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.44 0.44
Ascott Residence Trust 1.17 1.16 1%
Banyan Tree Holdings Limited 0.93 0.92 1%
CDL HTrust  2.10 2.14 -2%
Hotel Grand Central Ltd 0.81 0.81
Hotel Properties Ltd 2.83 2.79 1%
Mandarin Oriental International Ltd (US$) 1.64 1.67 -2%
Pan Pacific Hotels Group Limited 1.65 1.67 -1%
Shangri-La Asia Limited (HK$) 17.50 17.28 1%
Stamford Land Corporation Ltd 0.55 0.55
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  534 513 4%
The Ambassador Hotel, Ltd  51.50 50.30 2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  246,500 250,600 -2%
Japan Hotel and Resort Inc 204,500 208,500 -2%
Imperial Hotel, Ltd  1,893 1,915 -1%
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Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
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Manav Thadani
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Manav Thadani
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Adeline Phua
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David Ling
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