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January 7, 2010 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Home Inns Carries Out Further Expansion Plans
New Langham Hotel To Open In Dalian, China
Carlson Expands Into The Maldives With Its Radisson Brand
New Boutique Hotel Opens In Singapore
Beijing To Have Its Own ‘Burj Khalifa’
Absolute Share Price Performance, As At 7 January 2010
Home Inns Carries Out Further Expansion Plans Return to Headlines
Home Inns and Hotels Management Inc (Home Inns), the second-largest China-based hotel company, has indicated that it intends to open up to 280 new hotels in 2011. This move will grow the company’s portfolio to approximately 1,100 properties by the end of this year. Among the hotels scheduled to open, between 100 and 110 of them will be leased-and-operated hotels, while the rest will be franchised-and-managed hotels. In addition, Home Inns will embark on plans to move into the mid-scale hotel segment in China, with up to four upcoming hotels under its new Yitel brand.
New Langham Hotel To Open In Dalian, China Return to Headlines
Langham Hotels International (Langham) has announced that it will be opening its 25th hotel, Langham, Dalian, in 2015. The luxury hotel will be the focal point of a 72-storey mixed-use complex in the city’s Dongang District, overlooking the Yellow Sea. The 361-room hotel is owned by Great Eagle Holdings together with joint venture partner, The Blackstone Group. Facilities available at Langham, Dalian include an international all-day dining restaurant, a specialty restaurant serving Michelin-quality cuisine and a spacious 1,000-square-metre grand ballroom.
Carlson Expands Into The Maldives With Its Radisson Brand Return to Headlines
Carlson Hotels (Carlson) has announced the signing of a second Radisson Hotel in the Maldives, the Radisson Plaza Resort Maldives, Naagoshi. This is the group’s second hotel in the island nation, with the 250-room Radisson Hotel Maldives Hulhumale already undergoing construction and slated to be opened early 2013. The Radisson Plaza Resort Maldives, Naagoshi is a US$91 million, 281-villa resort situated on Naagoshi Island in the northern Hua Dhaalu Atoll. The hotel is owned by Three K International Private Limited and is scheduled to open during the third quarter of 2012.
New Boutique Hotel Opens In Singapore Return to Headlines
Singapore has welcomed a new addition to its boutique hotel market with the recent opening of the Innotel Hotel. The 8-storey, 70-room hotel is located in the downtown Dhoby Ghaut area, offering different types of accommodation, with room sizes ranging from 19 square metres to 35 square metres. Food and beverage options available at the Innotel Hotel include an Asian café, a hotel lounge, and a 17th century-styled bar. Business travellers are expected to constitute the main segment of the hotel’s guests.
Beijing To Have Its Own ‘Burj Khalifa’ Return to Headlines
The Beijing authorities are planning to collaborate with Saudi Arabian developers to build a new hotel modelled after Dubai's Burj Khalifa, the world's tallest building. The hotel will be situated in Beijing’s Mentougou District, approximately 30 kilometres from the city centre. The project, which will be funded by the Saudi partners, has laid claims to being a seven-star hotel, even though such a classification is yet to be officially recognised in the world. Other hotels that have made such claims include Dubai's Burj Al Arab and Beijing’s Pangu 7 Star Hotel.
Absolute Share Price Performance, as at 7 January 2010
Closing Share Price as at 7 January 2010 31 December 2010 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited  6.70 6.49 3%
General Property Group 2.91 2.94 -1%
Mirvac Group 1.23 1.23
Ocean Capital Limited 0.25 0.25
Thakral Holdings Group 0.54 0.54 1%
Living and Leisure Australia Group 0.033 0.028 18%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 4.92 4.96 -1%
Dusit Thani Public Co Ltd 34.00 34.75 -2%
The Erawan Group Public Co Ltd 2.42 2.50 -3%
Grande Asset Hotels and Property Public Co Ltd 3.30 3.54 -7%
Laguna Resorts & Hotel Public Co Ltd 58.00 56.00 4%
Minor International Public Co Ltd 11.80 11.80
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development  23.22 23.24
Beijing Capital Tourism Co Ltd 22.75 22.36 2%
Jinling Hotel Corporation Ltd 9.62 9.59
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.61 9.41 2%
Guangzhou Dong Fang Hotel Co Ltd 10.52 10.24 3%
Shenzhen Century Plaza Hotel Co Ltd 5.60 5.44 3%
Home Inns & Hotels Management Inc 40.23 40.96 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.42 9.08 4%
Regal Hotels International Holdings Ltd 3.13 3.07 2%
Sino Hotels Holdings Ltd 2.50 2.50
The Hong Kong & Shanghai Hotels Ltd 14.08 13.32 6%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 99.05 96.60 3%
EIH (Oberoi Hotels & Resorts) 113.70 114.60 -1%
Hotel Leela Ventures 45.65 47.30 -3%
Korea Exchange (KRW)
The Shilla  28,100 27,750 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.46 9%
Ascott Residence Trust 1.24 1.22 2%
Banyan Tree Holdings Limited 1.16 1.19 -3%
CDL HTrust  2.05 2.08 -1%
Hotel Grand Central Ltd 0.87 0.85 2%
Hotel Properties Ltd 2.90 2.79 4%
Mandarin Oriental International Ltd (US$) 2.09 2.07 1%
Pan Pacific Hotels Group Limited 1.62 1.60 1%
Shangri-La Asia Limited (HK$) 22.00 21.50 2%
Stamford Land Corporation Ltd 0.69 0.64 8%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation  491 516 -5%
The Ambassador Hotel, Ltd  45.15 48.00 -6%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation  269,900 265,100 2%
Japan Hotel and Resort Inc 273,500 260,200 5%
Imperial Hotel, Ltd  2,035 2,094 -3%
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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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