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January 21, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
First Best Western To Debut In Cambodia
New Marvel Brand To Enter Hotel Market
Banyan Tree’s China Hospitality Fund Closes at US$214 Million
Hong Kong – Asia’s World City
Ascott Expands Its Portfolio In The Philippines
Absolute Share Price Performance, As At 21 January 2011
 
First Best Western To Debut In Cambodia Return to Headlines
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.
 
New Marvel Brand To Enter Hotel Market Return to Headlines
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.
 
Banyan Tree’s China Hospitality Fund Closes at US$214 Million Return to Headlines
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.
 
Hong Kong – Asia’s World City Return to Headlines
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.
 
Ascott Expands Its Portfolio In The Philippines Return to Headlines
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.
 
Absolute Share Price Performance, as at 21 January 2011
 
Closing Share Price as at 21 January 2011 14 January 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  5.96 5.90 1%
General Property Group 2.85 2.91 -2%
Mirvac Group 1.28 1.29 -1%
Ocean Capital Limited 0.26 0.26
Thakral Holdings Group 0.52 0.54 -5%
Living and Leisure Australia Group 0.031 0.030 3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.82 4.80
Dusit Thani Public Co Ltd 36.00 36.50 -1%
The Erawan Group Public Co Ltd 2.28 2.38 -4%
Grande Asset Hotels and Property Public Co Ltd 3.00 3.08 -3%
Laguna Resorts & Hotel Public Co Ltd 56.00 57.75 -3%
Minor International Public Co Ltd 11.40 11.80 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  19.74 21.38 -8%
Beijing Capital Tourism Co Ltd 21.25 22.22 -4%
Jinling Hotel Corporation Ltd 8.97 8.96
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.94 9.70 2%
Guangzhou Dong Fang Hotel Co Ltd 9.53 9.77 -2%
Shenzhen Century Plaza Hotel Co Ltd 5.52 5.41 2%
NASDAQ (US$)
Home Inns & Hotels Management Inc 36.81 37.35 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.55 9.50 1%
Regal Hotels International Holdings Ltd 3.20 3.20
Sino Hotels Holdings Ltd 2.54 2.48 2%
The Hong Kong & Shanghai Hotels Ltd 13.82 14.20 -3%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 96.05 99.10 -3%
EIH (Oberoi Hotels & Resorts) 103.50 106.45 -3%
Hotel Leela Ventures 42.95 44.45 -3%
Korea Exchange (KRW)
The Shilla  26,200 27,450 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.50 -6%
Ascott Residence Trust 1.22 1.23 -1%
Banyan Tree Holdings Limited 1.14 1.12 2%
CDL HTrust  2.09 2.10
Hotel Grand Central Ltd 0.86 0.87 -1%
Hotel Properties Ltd 2.76 2.79 -1%
Mandarin Oriental International Ltd (US$) 2.24 2.16 4%
Pan Pacific Hotels Group Limited 1.61 1.62 -1%
Shangri-La Asia Limited (HK$) 20.40 22.15 -8%
Stamford Land Corporation Ltd 0.63 0.67 -6%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  483 485
The Ambassador Hotel, Ltd  45.00 46.15 -2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  260,100 271,000 -4%
Japan Hotel and Resort Inc 249,100 280,500 -11%
Imperial Hotel, Ltd  2,057 2,020 2%
 
Return to Headlines
 
HVS Beijing
Michael Schwarz
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Manav Thadani
     
HVS New Delhi
Manav Thadani
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
 
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