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Featured in this Asia Pacific Hospitality Newsletter |
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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. |
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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. |
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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. |
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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. |
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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. |
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Absolute Share Price Performance, as at
18 February 2011 |
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Closing Share Price as at |
18 February 2011 |
11 February 2011 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.09 |
6.11 |
– |
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General Property Group |
3.16 |
3.03 |
4% |
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Mirvac Group |
1.28 |
1.24 |
3% |
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Ocean Capital Limited |
0.20 |
0.26 |
-23% |
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Thakral Holdings Group |
0.50 |
0.49 |
3% |
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Living and Leisure Australia Group |
0.027 |
0.024 |
13% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.68 |
4.56 |
3% |
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Dusit Thani Public Co Ltd |
38.75 |
38.75 |
– |
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The Erawan Group Public Co Ltd |
2.24 |
2.22 |
1% |
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Grande Asset Hotels and Property Public Co Ltd |
2.46 |
2.24 |
10% |
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Laguna Resorts & Hotel Public Co Ltd |
58.00 |
55.50 |
5% |
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Minor International Public Co Ltd |
10.90 |
10.30 |
6% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
22.02 |
20.58 |
7% |
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Beijing Capital Tourism Co Ltd |
24.06 |
23.43 |
3% |
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Jinling Hotel Corporation Ltd |
9.32 |
9.14 |
2% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.38 |
10.38 |
– |
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Guangzhou Dong Fang Hotel Co Ltd |
10.53 |
10.16 |
4% |
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Shenzhen Century Plaza Hotel Co Ltd |
6.05 |
5.70 |
6% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
34.19 |
33.87 |
1% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.70 |
9.62 |
1% |
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Regal Hotels International Holdings Ltd |
3.24 |
3.24 |
– |
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Sino Hotels Holdings Ltd |
2.69 |
2.55 |
5% |
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The Hong Kong & Shanghai Hotels Ltd |
14.06 |
14.18 |
-1% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
81.60 |
80.75 |
1% |
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EIH (Oberoi Hotels & Resorts) |
104.10 |
93.60 |
11% |
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Hotel Leela Ventures |
38.90 |
37.10 |
5% |
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Korea Exchange (KRW) |
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The Shilla |
28,250 |
27,200 |
4% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.46 |
0.46 |
– |
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Ascott Residence Trust |
1.21 |
1.18 |
3% |
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Banyan Tree Holdings Limited |
1.11 |
1.12 |
-1% |
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CDL HTrust |
2.03 |
2.03 |
– |
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Hotel Grand Central Ltd |
0.84 |
0.84 |
– |
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Hotel Properties Ltd |
2.58 |
2.52 |
2% |
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Mandarin Oriental International Ltd (US$) |
2.12 |
2.19 |
-3% |
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Pan Pacific Hotels Group Limited |
1.61 |
1.60 |
1% |
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Shangri-La Asia Limited (HK$) |
19.12 |
18.36 |
4% |
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Stamford Land Corporation Ltd |
0.64 |
0.62 |
3% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
491 |
490 |
– |
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The Ambassador Hotel, Ltd |
42.00 |
42.00 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
257,600 |
258,000 |
– |
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Japan Hotel and Resort Inc |
254,500 |
249,600 |
2% |
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Imperial Hotel, Ltd |
2,331 |
2,250 |
4% |
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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. |
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