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May 6, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Minor International Acquires Stake In Oaks Hotels & Resorts
Best Western Grows Its Presence In New Zealand
Radisson Plaza Hotel Sydney Rebranded
Asian Hotels Drive Starwood’s First Quarter Performance
Malaysia To Have Its Second DoubleTree
Absolute Share Price Performance, As At 6 May 2011
Minor International Acquires Stake In Oaks Hotels & Resorts Return to Headlines

Thailand-based Minor International PCL has acquired a 34.4% stake in Oaks Hotels & Resorts Ltd, an Australia-based hospitality group. Earlier in March this year, Minor International acquired a 19.96% stake in Oaks at an investment of approximately US$12.9 million. This latest acquisition increases Minor International’s interest in Oaks to 54.3%, giving them a controlling stake in the group. Minor International’s hospitality division – Minor Hotel Group – currently boasts a portfolio of 35 hotels operating in eight countries. The investment in Oaks is Minor International’s first foray into the Pacific and doubles the company’s portfolio to more than 70 properties.

Best Western Grows Its Presence In New Zealand Return to Headlines

Best Western International has expanded its portfolio of properties in New Zealand with the opening of the Best Western Caboose Lodge & Conference Centre. The hotel is positioned on the shores of Lake Taupo, in the heart of the country’s North Island. It is also conveniently located within proximity to the town centre and the Taupo Domestic Airport. Offering 40 guestrooms and other facilities such as an outdoor swimming pool and a spa, hotel guests will also be treated to views across Lake Taupo to the three volcanic cones of Ruapehu, Tongariro and Ngauruhoe.

Radisson Plaza Hotel Sydney Rebranded Return to Headlines

The Carlson Group has renamed the Radisson Plaza Hotel Sydney as the Radisson Blu Plaza Hotel Sydney on 1 May 2011. This move is part of the group’s strategy to differentiate its global Radisson products, with Radisson Blu properties offering a high-end product focusing on design and style. This rebranding follows less than a year after the opening of the Radisson Blu Hotel Cebu, Philippines back in September last year, making the Sydney property the second Radisson Blu in Asia Pacific. The Radisson Blu Plaza Hotel Sydney offers 336 guestrooms and approximately 850 square metres of event space.

Asian Hotels Drive Starwood’s First Quarter Performance Return to Headlines
Despite a 6.7% year-on-year fall in profits in the first three months of 2011, Starwood Hotels & Resorts Worldwide has announced that its Asia Pacific properties have performed well during the same period. The group managed to register a 10.4% increase in revenue per available room (RevPAR), with properties in the Asia Pacific region contributing the most, growing 17.7% year-on-year in terms of RevPAR gains. During the quarter, Starwood added 21 hotels and resorts to its portfolio, including the Sheraton Shanghai Hotel and W Bali, translating to an increase of approximately 5,200 rooms.
Malaysia To Have Its Second DoubleTree Return to Headlines

Hilton Worldwide has announced that it will be partnering Hatten Group to open its second DoubleTree property in Malaysia, the DoubleTree by Hilton, Melaka. The 265-room hotel will be situated in downtown Malacca as part of a mixed-use development, which includes retail and residential components. The hotel, which is slated to open in 2014, will add to the group’s current portfolio of six DoubleTree properties in Asia Pacific. Hilton Worldwide currently operates five hotels in Malaysia, including the 503-key Hilton Kuala Lumpur and the 540-key DoubleTree by Hilton Kuala Lumpur.

Absolute Share Price Performance, as at 6 May 2011
Closing Share Price as at 6 May 2011 29 April 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.00 6.02
General Property Group 3.06 3.16 -3%
Mirvac Group 1.20 1.27 -6%
Ocean Capital Limited 0.19 0.19
Thakral Holdings Group 0.56 0.47 19%
Living and Leisure Australia Group 0.023 0.028 -18%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 6.30 6.05 4%
Dusit Thani Public Co Ltd 37.50 37.25 1%
The Erawan Group Public Co Ltd 2.46 2.56 -4%
Grande Asset Hotels and Property Public Co Ltd 2.16 2.34 -17%
Laguna Resorts & Hotel Public Co Ltd 64.50 77.75 1%
Minor International Public Co Ltd 12.20 12.60 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 20.13 19.86 1%
Beijing Capital Tourism Co Ltd 20.39 20.99 -3%
Jinling Hotel Corporation Ltd 9.46 9.79 -3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.59 6.90 -4%
Guangzhou Dong Fang Hotel Co Ltd 12.41 11.79 5%
Shenzhen Century Plaza Hotel Co Ltd 7.63 6.75 13%
Home Inns & Hotels Management Inc 40.45 43.23 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.49 9.50
Regal Hotels International Holdings Ltd 3.41 3.49 -2%
Sino Hotels Holdings Ltd 2.50 2.45 2%
The Hong Kong & Shanghai Hotels Ltd 13.50 13.68 -1%
Shangri-La Asia Limited 21.55 21.65
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 79.90 82.05 -3%
EIH (Oberoi Hotels & Resorts) 84.10 86.25 -2%
Hotel Leela Ventures 40.25 41.50 -3%
Korea Exchange (KRW)
The Shilla 25,300 26,350 -4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.43 0.43
Ascott Residence Trust 1.18 1.19 -1%
Banyan Tree Holdings Limited 0.90 0.94 -4%
CDL HTrust 2.04 2.02 1%
Hotel Grand Central Ltd 0.77 0.82 -6%
Hotel Properties Ltd 2.38 2.40 -1%
Mandarin Oriental International Ltd (US$) 2.11 2.12
Pan Pacific Hotels Group Limited 1.78 1.85 -4%
Stamford Land Corporation Ltd 0.61 0.62 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 534 533
The Ambassador Hotel, Ltd 48.20 47.40 2%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 281,000 290,000 -3%
Japan Hotel and Resort Inc 182,400 187,000 -2%
Imperial Hotel, Ltd 1,948 2,000 -3%
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