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February 4, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
China Hotel Investment Conference 2011
China’s Swiss˘tel Kunshan Changes Hands For US$60.75 Million
Singapore’s Rasa Sentosa Resort Completes Makeover To Become A Shangri-La Property
AirAsia Launches Third Hub In Thailand
New COMO Resort At Yamu, Phuket
Absolute Share Price Performance, As At 4 February 2011
 
China Hotel Investment Conference 2011 Return to Headlines
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.
 
China’s Swiss˘tel Kunshan Changes Hands For US$60.75 Million Return to Headlines
Malaysia property developer TA Global Berhad (TA Global) has bought over the stakes for the Swiss˘tel 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.
 
Singapore’s Rasa Sentosa Resort Completes Makeover To Become A Shangri-La Property Return to Headlines
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.
 
AirAsia Launches Third Hub In Thailand Return to Headlines
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.
 
New COMO Resort At Yamu, Phuket Return to Headlines
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.
 
Absolute Share Price Performance, as at 4 February 2011
 
Closing Share Price as at 4 February 2011 28 January 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.17 6.07 2%
General Property Group 3.05 2.96 3%
Mirvac Group 1.26 1.25 1%
Ocean Capital Limited 0.24 0.24
Thakral Holdings Group 0.49 0.50 -1%
Living and Leisure Australia Group 0.026 0.029 -10%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.66 4.66
Dusit Thani Public Co Ltd 37.75 36.75 3%
The Erawan Group Public Co Ltd 2.20 2.20
Grande Asset Hotels and Property Public Co Ltd 2.42 2.40 1%
Laguna Resorts & Hotel Public Co Ltd 57.50 57.50
Minor International Public Co Ltd 10.60 10.90 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  20.09 19.93 1%
Beijing Capital Tourism Co Ltd 23.00 22.80 1%
Jinling Hotel Corporation Ltd 8.97 8.89 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 10.04 9.99 1%
Guangzhou Dong Fang Hotel Co Ltd 10.05 10.00 1%
Shenzhen Century Plaza Hotel Co Ltd 5.64 5.53 2%
NASDAQ (US$)
Home Inns & Hotels Management Inc 34.00 35.34 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.70 9.47 2%
Regal Hotels International Holdings Ltd 3.24 3.13 4%
Sino Hotels Holdings Ltd 2.57 2.45 5%
The Hong Kong & Shanghai Hotels Ltd 14.02 13.68 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 92.45 91.60 1%
EIH (Oberoi Hotels & Resorts) 100.00 101.00 -1%
Hotel Leela Ventures 40.30 41.65 -3%
Korea Exchange (KRW)
The Shilla  27,850 28,800 -3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.47
Ascott Residence Trust 1.21 1.21
Banyan Tree Holdings Limited 1.15 1.16 -1%
CDL HTrust  2.07 2.10 -1%
Hotel Grand Central Ltd 0.86 0.85 1%
Hotel Properties Ltd 2.68 2.70 -1%
Mandarin Oriental International Ltd (US$) 2.22 2.20 1%
Pan Pacific Hotels Group Limited 1.67 1.61 4%
Shangri-La Asia Limited (HK$) 19.32 19.50 -1%
Stamford Land Corporation Ltd 0.64 0.63 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  505 505
The Ambassador Hotel, Ltd  46.30 46.30
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  262,800 258,500 2%
Japan Hotel and Resort Inc 257,100 252,300 2%
Imperial Hotel, Ltd  2,181 2,091 4%
 
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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
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
 
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