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Featured in this Asia Pacific Hospitality Newsletter |
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The Most Influential Hotel Investment Conference In China
The highly anticipated 7th revised edition of the China
Hotel Investment Conference (CHIC) will take place from 20
to 22 April 2011 at InterContinental Shanghai Puxi,
Shanghai, China. Themed ‘Exponential Growth in an
Extraordinary Market’, this must-attend conference will
feature stellar speakers such as Professor Dai Bin,
President, China Tourism Academy, China National Tourism
Administration; Tony Nash, Global Director,
Client Research, Economist Intelligence Unit; Hubert
Joly, President, Chief Executive Officer and
Director, Carlson; Christopher J Nassetta,
President and Chief Executive Officer, Hilton Worldwide;
Jason Kern, Managing Director, Head of Real
Estate Advisory, HSBC Hong Kong; and Vinay Dixit,
Senior Director, Asia Consumer Centers, McKinsey & Company,
just to name a few.
Topics that will be presented during the conference include
Economic Insights on the Global, Regional and Domestic
Levels, CNTA Tourism Update 2011, Business Models of Hotel
Investment Portfolios from the Big Boys, What’s going on in
the Boardroom, How Global Players Search for Strategic
Partnerships and many more. In addition, CHIC 2011’s
Advisory Board comprises almost 30 of the most noteworthy
names in the industry, providing a multitude of networking
opportunities.
Be a part of this exciting three-day conference! Register
and pay before 18 February 2011 to save up to US$200.
Visit
www.chinahotelconference.com for more information. |
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Malaysia property developer TA Global Berhad (TA Global) has
bought over the stakes for the Swissôtel Kunshan in China
from Kingdom Hotel Investments (KHI). The deal for the
387-room hotel was reported to be worth US$60.75 million, or
US$157,000 per key. TA Global has stated that the
acquisition for the hotel, which was originally built at a
cost of US$59.3 million, will be funded from internally
generated funds and external borrowings. KHI has commented
that the deal, which has released a significant amount of
capital, is part of the group’s capital allocation strategy. |
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Singapore’s Rasa Sentosa Resort Completes Makeover To Become A
Shangri-La Property
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With a comprehensive S$80 million (approximately US$63
million) makeover, Rasa Sentosa Resort, Singapore has
completed its transformation to become the Shangri-La Rasa
Sentosa Resort. The resort, which is the only one in the
city-state with a beachfront location, will now offer 454
rooms with seven different food and beverage outlets. On top
of recreational facilities such as The Flying Trapeze and
the Sea Sports Centre, the resort will also feature a
children’s club – Cool Zone, which will have activity
centres supervised by a team of professionals to ensure that
children have a fun-filled time at the resort. |
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Thai AirAsia, an associate company of AirAsia Berhad, has
launched its Chiang Mai hub, its third hub in Thailand after
Phuket and Bangkok. In addition to Chiang Mai-Singapore
flights, the hub will also feature daily direct flights to
Singapore and Hat Yai starting from 24 January this year.
Thai AirAsia has commented that this new Chiang
Mai-Singapore route will greatly enhance accessibility
between the two locations, where previously visitors
travelling to and fro the two locations had to transit in
Bangkok. The two new routes come shortly after the company
launched a four-weekly service between Bali and Phuket in
December 2010. |
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COMO Hotels and Resorts (COMO) is set to develop and manage a
new resort on the Yamu Peninsula of Phuket, the group’s second
property in Thailand. Located in Phang Nga Bay, some 20 minutes'
drive from the Phuket International Airport, the resort is the
ninth property for the Singapore-based hotel group. The 129-room
resort will feature facilities such as a 100-metre swimming
pool, a COMO Shambhala Retreat with yoga studio and two food and
beverage outlets. COMO’s Phuket property is scheduled to open in
September 2012. |
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Absolute Share Price Performance, as at
4 February 2011 |
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Closing Share Price as at |
4 February 2011 |
28 January 2011 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
6.17 |
6.07 |
2% |
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General Property Group |
3.05 |
2.96 |
3% |
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Mirvac Group |
1.26 |
1.25 |
1% |
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Ocean Capital Limited |
0.24 |
0.24 |
– |
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Thakral Holdings Group |
0.49 |
0.50 |
-1% |
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Living and Leisure Australia Group |
0.026 |
0.029 |
-10% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.66 |
4.66 |
– |
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Dusit Thani Public Co Ltd |
37.75 |
36.75 |
3% |
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The Erawan Group Public Co Ltd |
2.20 |
2.20 |
– |
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Grande Asset Hotels and Property Public Co Ltd |
2.42 |
2.40 |
1% |
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Laguna Resorts & Hotel Public Co Ltd |
57.50 |
57.50 |
– |
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Minor International Public Co Ltd |
10.60 |
10.90 |
-3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
20.09 |
19.93 |
1% |
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Beijing Capital Tourism Co Ltd |
23.00 |
22.80 |
1% |
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Jinling Hotel Corporation Ltd |
8.97 |
8.89 |
1% |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
10.04 |
9.99 |
1% |
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Guangzhou Dong Fang Hotel Co Ltd |
10.05 |
10.00 |
1% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.64 |
5.53 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
34.00 |
35.34 |
-4% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.70 |
9.47 |
2% |
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Regal Hotels International Holdings Ltd |
3.24 |
3.13 |
4% |
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Sino Hotels Holdings Ltd |
2.57 |
2.45 |
5% |
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The Hong Kong & Shanghai Hotels Ltd |
14.02 |
13.68 |
2% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
92.45 |
91.60 |
1% |
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EIH (Oberoi Hotels & Resorts) |
100.00 |
101.00 |
-1% |
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Hotel Leela Ventures |
40.30 |
41.65 |
-3% |
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Korea Exchange (KRW) |
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The Shilla |
27,850 |
28,800 |
-3% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.47 |
0.47 |
– |
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Ascott Residence Trust |
1.21 |
1.21 |
– |
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Banyan Tree Holdings Limited |
1.15 |
1.16 |
-1% |
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CDL HTrust |
2.07 |
2.10 |
-1% |
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Hotel Grand Central Ltd |
0.86 |
0.85 |
1% |
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Hotel Properties Ltd |
2.68 |
2.70 |
-1% |
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Mandarin Oriental International Ltd (US$) |
2.22 |
2.20 |
1% |
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Pan Pacific Hotels Group Limited |
1.67 |
1.61 |
4% |
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Shangri-La Asia Limited (HK$) |
19.32 |
19.50 |
-1% |
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Stamford Land Corporation Ltd |
0.64 |
0.63 |
2% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
505 |
505 |
– |
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The Ambassador Hotel, Ltd |
46.30 |
46.30 |
– |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
262,800 |
258,500 |
2% |
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Japan Hotel and Resort Inc |
257,100 |
252,300 |
2% |
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Imperial Hotel, Ltd |
2,181 |
2,091 |
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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