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February 18, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Heritage Hotel Rotorua To Be Rebranded As A Holiday Inn
Hilton Grows Presence In Bangkok With Two New Properties
Shangri-La Debuts New Five-Star Brand In Pudong, Shanghai
W Hotel Opens In Xinyi District, Taipei
Five New Boutique Hotels In The Philippines For Ayala Hotels
Absolute Share Price Performance, As At 18 February 2011
Heritage Hotel Rotorua To Be Rebranded As A Holiday Inn Return to Headlines
Following an agreement between InterContinental Hotels Group (IHG) and Rotorua International Plaza Hotel Ltd, the Heritage Hotel Rotorua in New Zealand is set to be rebranded as the Holiday Inn Rotorua. The 203-room hotel is located in the city of Rotorua, one of the country’s popular tourist destinations, famous for its hot thermal springs. Facilities at the hotel include the Maori-themed Pohutu Cultural Theatre, two food and beverage outlets and six conference rooms. The Holiday Inn Rotorua will grow IHG’s current portfolio in New Zealand, including InterContinental and Crowne Plaza hotels, to a total of nine properties.
Hilton Grows Presence In Bangkok With Two New Properties Return to Headlines
Hilton Worldwide (Hilton) is collaborating with Thai-based real estate company TCC Land Group to have two new Hilton properties in Thailand’s capital city of Bangkok. The two hotels will be the 287-room Hilton Sukhumvit Bangkok and the 182-room DoubleTree by Hilton, Sukhumvit Bangkok, with the former being a new-build property and the latter a conversion project. Slated to be operational in 2012, both hotels are located in the popular Sukhumvit area, a prime residential and entertainment area in Bangkok. The two hotels, together with the Conrad Koh Samui, which is scheduled to open in June 2011, will bring Hilton’s portfolio of hotels in the country to seven properties by 2012.
Shangri-La Debuts New Five-Star Brand In Pudong, Shanghai Return to Headlines
Kerry Hotels, a new luxury hotel brand of Shangri-La International Hotel Management Ltd (Shangri-La), has made its debut in the hotel scene with the opening of Kerry Hotel Pudong, Shanghai. The hotel, which opened on 18 February 2011, is located in the new Kerry Parkside complex in the heart of Pudong. A unique feature of the 574-room hotel is Kerry Sports, the city’s largest hotel-based sports club covering 6,000 square metres over three floors of the complex. The Kerry Hotel Pudong, Shanghai also has an extensive offering of meeting and banqueting facilities, with over 7,300 square metres of space, including the Grand Shanghai Ballroom which can accommodate more than 2,800 guests.
W Hotel Opens In Xinyi District, Taipei Return to Headlines
Starwood Hotels and Resorts Worldwide has opened its first W Hotel in Taipei’s central business district of Xinyi. The 405-room W Taipei is W Hotels Worldwide’s 39th hotel in the world, marking an important step in the global expansion of the W brand, particularly in mainland China and the Taiwan region. Towering at 31 storeys, the hotel offers panoramic views of the Taipei 101 Tower, which was formally the world’s tallest building back in 2004. W Taipei offers a great mix of signature restaurants and lounges, including a sky deck al fresco restaurant and a Cantonese restaurant. It also features one of the city’s largest ballrooms at over 1,039 square metres.
Five New Boutique Hotels In The Philippines For Ayala Hotels Return to Headlines
Ayala Hotels Inc, a division under Ayala Land Inc, has plans to open five boutiques hotels in the Philippines. Two of the hotels will be located in Davao City and Bonifacio Global City in Taguig, respectively, and are expected to be completed by 2012. The other three hotels in the pipeline are located in Cagayan de Oro, Alabang and Quezon City. The target guests for these boutique hotels will be business travellers who are looking for a mix between work and play.
Absolute Share Price Performance, as at 18 February 2011
Closing Share Price as at 18 February 2011 11 February 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.09 6.11
General Property Group 3.16 3.03 4%
Mirvac Group 1.28 1.24 3%
Ocean Capital Limited 0.20 0.26 -23%
Thakral Holdings Group 0.50 0.49 3%
Living and Leisure Australia Group 0.027 0.024 13%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.68 4.56 3%
Dusit Thani Public Co Ltd 38.75 38.75
The Erawan Group Public Co Ltd 2.24 2.22 1%
Grande Asset Hotels and Property Public Co Ltd 2.46 2.24 10%
Laguna Resorts & Hotel Public Co Ltd 58.00 55.50 5%
Minor International Public Co Ltd 10.90 10.30 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  22.02 20.58 7%
Beijing Capital Tourism Co Ltd 24.06 23.43 3%
Jinling Hotel Corporation Ltd 9.32 9.14 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.38 10.38
Guangzhou Dong Fang Hotel Co Ltd 10.53 10.16 4%
Shenzhen Century Plaza Hotel Co Ltd 6.05 5.70 6%
Home Inns & Hotels Management Inc 34.19 33.87 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.70 9.62 1%
Regal Hotels International Holdings Ltd 3.24 3.24
Sino Hotels Holdings Ltd 2.69 2.55 5%
The Hong Kong & Shanghai Hotels Ltd 14.06 14.18 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 81.60 80.75 1%
EIH (Oberoi Hotels & Resorts) 104.10 93.60 11%
Hotel Leela Ventures 38.90 37.10 5%
Korea Exchange (KRW)
The Shilla  28,250 27,200 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.46 0.46
Ascott Residence Trust 1.21 1.18 3%
Banyan Tree Holdings Limited 1.11 1.12 -1%
CDL HTrust  2.03 2.03
Hotel Grand Central Ltd 0.84 0.84
Hotel Properties Ltd 2.58 2.52 2%
Mandarin Oriental International Ltd (US$) 2.12 2.19 -3%
Pan Pacific Hotels Group Limited 1.61 1.60 1%
Shangri-La Asia Limited (HK$) 19.12 18.36 4%
Stamford Land Corporation Ltd 0.64 0.62 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  491 490
The Ambassador Hotel, Ltd  42.00 42.00
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  257,600 258,000
Japan Hotel and Resort Inc 254,500 249,600 2%
Imperial Hotel, Ltd  2,331 2,250 4%
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Michael Schwarz
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Mark Keith & Daniel Voellm
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Manav Thadani
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