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Featured in this Asia Pacific Hospitality Newsletter |
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Starwood Hotels and Resorts Worldwide’s St Regis Brand has made
its foray into the Thailand market with the opening of The St
Regis Bangkok. Designed by world-renowned Brennan Beer Gorman
Architects and developed by Rajadamri Lodging Limited, the hotel
is situated in the heart of Bangkok along Rajadamri Road. At 47
storeys high, The St Regis Bangkok has 227 guestrooms including
51 suites and 53 residences, with guestrooms ranging from 45 to
250 square metres. In terms of meeting facilities, the hotel has
a 1,515-square-metre ballroom to cater to the needs of major
corporations and financial institutions located within
proximity. |
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Shanghai Disney Resort, The Walt Disney Company’s first theme
park in mainland China, has recently broken ground. The resort
is located in the Pudong New Area in the city, and will house
several themed areas and a central green space of over 46,000
square metres for outdoor events. Robert A Iger, President and
CEO of The Walt Disney Company, has commented that the new
resort will be authentically Disney and yet distinctly Chinese.
Shanghai Disney Resort, which will see an initial investment of
approximately US$1.4 billion, is slated to open in 2015. |
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Malaysia is slated to have its first W Hotel by 2016, to be
situated along Jalan Ampang within Kuala Lumpur's Golden
Triangle area. The 150-key hotel is a collaboration between
Starwood Hotels and Resorts Worldwide and Dijaya Corporation Bhd,
and is expected to inject new life into the city’s hotel
industry. During the signing ceremony, Dijaya Corporation also
indicated that the company would work towards a Green Building
Index rating for the hotel. W Kuala Lumpur will feature four
food and beverage outlets and approximately 1,200 square metres
of meeting space. |
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Hong Kong-based Regal Hotels Group will be debuting its luxury
brand – Regal Royale – in China’s Jiangsu Province. To be
developed by Ning Hu Real Estate (Kunshan) Co Ltd, the hotel is
located in the city of Kunshan, served by the Shanghai Hongqiao
International Airport and Wuxi Sunan International Airport. The
300-room Regal Royale Hotel Kunshan will be marketed as a
five-star premium brand of the group and is scheduled to open in
2013. Currently, Regal Hotels Group manages and operates six
hotels in Hong Kong and another five in mainland China. |
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New Delhi’s business district of Mayur Vihar is set to see two
new properties under Hilton Worldwide. The hotel group has
signed a management agreement with Eros Resorts and Hotels Ltd
to bring in a fourth Hilton Hotel and the first DoubleTree by
Hilton hotel in India. The Hilton New Delhi Mayur Vihar and the
DoubleTree by Hilton New Delhi Mayur Vihar will be offering 173
guestrooms and 196 guestrooms, respectively. The two hotels,
which are part of a twin-tower conversion project in the capital
city, will add on to Hilton Worldwide’s four hotels in the
country. |
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Absolute Share Price Performance, as at
8 April 2011 |
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Closing Share Price as at |
8 April 2011 |
1 April 2011 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
6.03 |
6.00 |
1% |
General Property Group |
3.13 |
3.12 |
– |
Mirvac Group |
1.29 |
1.25 |
4% |
Ocean Capital Limited |
0.20 |
0.19 |
5% |
Thakral Holdings Group |
0.49 |
0.50 |
-3% |
Living and Leisure Australia Group |
0.024 |
0.025 |
-4% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
5.45 |
5.35 |
2% |
Dusit Thani Public Co Ltd |
35.75 |
37.25 |
-4% |
The Erawan Group Public Co Ltd |
2.38 |
2.40 |
-1% |
Grande Asset Hotels and Property Public Co Ltd |
2.34 |
2.40 |
-3% |
Laguna Resorts & Hotel Public Co Ltd |
69.75 |
70.25 |
-1% |
Minor International Public Co Ltd |
11.80 |
11.80 |
– |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
20.51 |
20.29 |
1% |
Beijing Capital Tourism Co Ltd |
22.90 |
23.07 |
-1% |
Jinling Hotel Corporation Ltd |
11.23 |
10.69 |
5% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
7.61 |
7.50 |
1% |
Guangzhou Dong Fang Hotel Co Ltd |
12.30 |
11.81 |
4% |
Shenzhen Century Plaza Hotel Co Ltd |
6.55 |
6.38 |
3% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
43.34 |
41.50 |
4% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.50 |
9.50 |
– |
Regal Hotels International Holdings Ltd |
3.50 |
3.51 |
– |
Sino Hotels Holdings Ltd |
2.47 |
2.47 |
– |
The Hong Kong & Shanghai Hotels Ltd |
13.78 |
14.00 |
-2% |
Shangri-La Asia Limited |
20.75 |
20.85 |
– |
Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
89.25 |
85.00 |
5% |
EIH (Oberoi Hotels & Resorts) |
87.05 |
82.35 |
6% |
Hotel Leela Ventures |
42.15 |
39.55 |
7% |
Korea Exchange (KRW) |
The Shilla |
24,400 |
25,300 |
-4% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.45 |
0.43 |
5% |
Ascott Residence Trust |
1.19 |
1.19 |
– |
Banyan Tree Holdings Limited |
0.95 |
0.96 |
-1% |
CDL HTrust |
2.02 |
2.01 |
– |
Hotel Grand Central Ltd |
0.81 |
0.81 |
– |
Hotel Properties Ltd |
2.46 |
2.47 |
– |
Mandarin Oriental International Ltd (US$) |
2.10 |
2.08 |
1% |
Pan Pacific Hotels Group Limited |
1.83 |
1.75 |
5% |
Stamford Land Corporation Ltd |
0.63 |
0.62 |
2% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
504 |
499 |
1% |
The Ambassador Hotel, Ltd |
44.40 |
41.50 |
7% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
258,000 |
253,000 |
2% |
Japan Hotel and Resort Inc |
163,900 |
190,700 |
-14% |
Imperial Hotel, Ltd |
1,901 |
2,001 |
-5% |
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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. |