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Featured in this Asia Pacific Hospitality Newsletter |
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Best Western International is set to debut in Siem Reap,
Cambodia with the rebranding of the Suites and Sweet Resort
Angkor. The resort, which features Khmer-style design in a
Cambodian floating village setting, offers 18 suites housed
in nine villas, each having their own private pools. It is
well-located in the city, being just ten minutes’ drive away
from both Siem Reap town and Cambodia’s popular Angkor
temple complexes, a UNESCO World Heritage Site. The
rebranding exercise is scheduled to be completed by the
first quarter of 2011. |
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Shanghai JT Realty Advisors, a joint venture fund of Jin Jiang
Hotels and Thayer Lodging Group, has announced plans to
develop a new hotel brand for the hotel market. The new
brand – Marvel – will be positioned as a three-star business
hotel brand and will be owned by the fund, with much of the
development coming through leases. The joint venture’s
strategy is to acquire lodging assets and underutilised
commercial buildings and convert them into hotels with the
Marvel branding. The first Marvel hotel is already
operational in Shanghai, with seven more expected to be
opening in the coming years. |
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Singapore-based Banyan Tree Holdings Ltd has closed its
private equity fund in China, the Banyan Tree China
Hospitality Fund, with capital commitments amounting to a
total of RMB1.07 billion (US$214 million). The fund’s
strategy will be to invest in Chinese companies which have
hospitality projects under the group’s Banyan Tree and
Angsana brands. The fund is expected to look into new
investments in the coming year with a number of
opportunities already identified by the group. |
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The Hong Kong Tourism Board’s tourism plan for 2011–2012 aims
to give the city an exciting calendar of events to work
towards its target of increasing visitor arrivals in 2011 by
10% from last year. Countries such as India, Russia, and
especially Vietnam and the Netherlands have been identified
as major emerging markets to the popular tourist
destination. New leisure products such as the Aqua City at
Ocean Park and Hong Kong Disneyland’s Toy Story Land are
also expected to be heavily marketed to drive visitor
arrivals. |
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The Ascott Limited, a wholly owned serviced residence arm of
Singapore-based CapitaLand Limited, has announced the signing of
two management contracts in the Philippines. The two serviced
residences are the 220-unit Ascott Bonifacio Global City Manila
and the 215-unit Citadines Salcedo Makati. These two new
properties will grow Ascott’s portfolio in the country to
approximately 1,200 serviced apartment units across six
properties. Both properties are scheduled to be operational by
2014. |
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Absolute Share Price Performance, as at
21 January 2011 |
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Closing Share Price as at |
21 January 2011 |
14 January 2011 |
% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
5.96 |
5.90 |
1% |
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General Property Group |
2.85 |
2.91 |
-2% |
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Mirvac Group |
1.28 |
1.29 |
-1% |
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Ocean Capital Limited |
0.26 |
0.26 |
– |
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Thakral Holdings Group |
0.52 |
0.54 |
-5% |
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Living and Leisure Australia Group |
0.031 |
0.030 |
3% |
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
4.82 |
4.80 |
– |
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Dusit Thani Public Co Ltd |
36.00 |
36.50 |
-1% |
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The Erawan Group Public Co Ltd |
2.28 |
2.38 |
-4% |
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Grande Asset Hotels and Property Public Co Ltd |
3.00 |
3.08 |
-3% |
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Laguna Resorts & Hotel Public Co Ltd |
56.00 |
57.75 |
-3% |
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Minor International Public Co Ltd |
11.40 |
11.80 |
-3% |
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
19.74 |
21.38 |
-8% |
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Beijing Capital Tourism Co Ltd |
21.25 |
22.22 |
-4% |
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Jinling Hotel Corporation Ltd |
8.97 |
8.96 |
– |
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
9.94 |
9.70 |
2% |
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Guangzhou Dong Fang Hotel Co Ltd |
9.53 |
9.77 |
-2% |
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Shenzhen Century Plaza Hotel Co Ltd |
5.52 |
5.41 |
2% |
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NASDAQ (US$) |
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Home Inns & Hotels Management Inc |
36.81 |
37.35 |
-1% |
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
9.55 |
9.50 |
1% |
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Regal Hotels International Holdings Ltd |
3.20 |
3.20 |
– |
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Sino Hotels Holdings Ltd |
2.54 |
2.48 |
2% |
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The Hong Kong & Shanghai Hotels Ltd |
13.82 |
14.20 |
-3% |
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
96.05 |
99.10 |
-3% |
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EIH (Oberoi Hotels & Resorts) |
103.50 |
106.45 |
-3% |
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Hotel Leela Ventures |
42.95 |
44.45 |
-3% |
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Korea Exchange (KRW) |
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The Shilla |
26,200 |
27,450 |
-5% |
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.47 |
0.50 |
-6% |
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Ascott Residence Trust |
1.22 |
1.23 |
-1% |
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Banyan Tree Holdings Limited |
1.14 |
1.12 |
2% |
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CDL HTrust |
2.09 |
2.10 |
– |
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Hotel Grand Central Ltd |
0.86 |
0.87 |
-1% |
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Hotel Properties Ltd |
2.76 |
2.79 |
-1% |
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Mandarin Oriental International Ltd (US$) |
2.24 |
2.16 |
4% |
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Pan Pacific Hotels Group Limited |
1.61 |
1.62 |
-1% |
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Shangri-La Asia Limited (HK$) |
20.40 |
22.15 |
-8% |
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Stamford Land Corporation Ltd |
0.63 |
0.67 |
-6% |
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
483 |
485 |
– |
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The Ambassador Hotel, Ltd |
45.00 |
46.15 |
-2% |
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Tokyo Stock Exchange (JPY) |
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Nippon Hotel Fund Investment Corporation |
260,100 |
271,000 |
-4% |
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Japan Hotel and Resort Inc |
249,100 |
280,500 |
-11% |
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Imperial Hotel, Ltd |
2,057 |
2,020 |
2% |
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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. |
