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August 12, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Conrad Expands Portfolio With New Property In Macau
Hue Gears Up For Tourism Year 2012
Singapore Ranked As Top MICE City In Asia
Ascott Acquires Controlling Stake In Vietnam Serviced Residence Complex
Far East Hospitality Launches New Brand
Absolute Share Price Performance, As At 12 August 2011
 
Conrad Expands Portfolio With New Property In Macau Return to Headlines

Hilton Worldwide is collaborating with Sands China Ltd to open the first Conrad hotel in Macau. The 636-room Conrad Macao will be integrated within a mixed-use development that includes meeting and convention space, two casinos, and a wide selection of retail and food and beverage outlets. Slated to be opened in the first quarter of 2012 at Cotai Central, the Conrad Macao adds on to the brand's presence in Greater China, which includes existing properties in Hong Kong and Sanya Haitang Bay, and also seven hotels under construction in Dalian, Beijing, Suzhou, Guangzhou, Tianjin, Qingdao and Xiamen

 
Hue Gears Up For Tourism Year 2012 Return to Headlines

Hue, the ancient capital of Vietnam, will be celebrating 2012 as its tourism year with an extensive promotional campaign planned and over 40 projects expected to be completed in time for it. The central Thua Thien Hue Province's People Committee has stated that they target to complete 43 projects in time for the campaign, with 22 developments in the works and 23 others already completed. The Hue national tourism year is themed 'Hue Ancient Capital City, New Experiences', and will aim to bring out the country's tourism products and cultural heritage to both international and domestic tourists. The committee is targeting to reach an annual tourism turnover of more than US$144 million (VND3 trillion), with arrivals of at least 1.2 million international tourists annually by 2015.

 
Singapore Ranked As Top MICE City In Asia Return to Headlines

According to the 2010 rankings by the International Congress and Convention Association (ICCA), Singapore has kept its position as the top convention city in Asia and the top five globally. With its many world-class MICE venues, the city-state has hosted the most rotating association meetings amongst all Asia Pacific destinations last year with 136 events. ICCA's Chief Executive Officer, Martin Sirk, has attributed Singapore's success to its hard work and creativity and also its continued investment in new facilities and human capital. Singapore looks set to consolidate its position as a prime MICE destination this year, having already secured 12 new World Congresses within the first half of 2011 alone.

 
Ascott Acquires Controlling Stake In Vietnam Serviced Residence Complex Return to Headlines
Ascott Limited is set to take ownership of the Somerset Central TD Hai Phong City, a 132-unit serviced residence development in Vietnam. The property will be acquired in a joint venture agreement with Thuy Duong Investment Joint Stock Company, with Ascott taking a 90% stake in the property for US$9.45 million. The Somerset Central TD Hai Phong City will be Hai Phong's first internationally branded serviced residence when it opens in 2012, adding on to Ascott's current portfolio of over 860 serviced apartment units in the country.
 
Far East Hospitality Launches New Brand Return to Headlines
Far East Hospitality, the hospitality arm of Singapore-based real estate developer, Far East Organisation, has launched its new hotel brand, Oasia, with the opening of its flagship property at Sinaran Drive, Singapore. The hotel offers a total of 428 rooms, including four Club Suites with separate lounge space, 100 Club Rooms, 224 Deluxe Rooms and 88 Superior Rooms. The Oasia also has four food and beverage outlets offering a wide variety of cuisines and 223 square metres of meeting space.
 
 
Absolute Share Price Performance, as at 12 August 2011
 
Closing Share Price as at 12 August 2011 5 August 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.44 5.85 -7%
General Property Group 2.84 2.83 -
Mirvac Group 1.01 1.06 -4%
Ocean Capital Limited 0.16 0.16 -
Thakral Holdings Group 0.48 0.49 -2%
Living and Leisure Australia Group 0.020 0.021 -5%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.00 11.40 -4%
Dusit Thani Public Co Ltd 38.00 36.00 6%
The Erawan Group Public Co Ltd 2.82 2.86 -1%
Grande Asset Hotels and Property Public Co Ltd 1.81 1.80 1%
Laguna Resorts & Hotel Public Co Ltd 56.25 57.00 -1%
Minor International Public Co Ltd 12.20 12.30 -1%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.27 17.85 -3%
Beijing Capital Tourism Co Ltd 16.05 16.79 -4%
Jinling Hotel Corporation Ltd 8.94 9.16 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.49 5.56 -1%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 6.48 6.89 -6%
NASDAQ (US$)
Home Inns & Hotels Management Inc 35.03 35.86 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.05 9.21 -2%
Regal Hotels International Holdings Ltd 2.77 2.95 -6%
Sino Hotels Holdings Ltd 2.60 2.60 -
The Hong Kong & Shanghai Hotels Ltd 11.42 11.84 -4%
Shangri-La Asia Limited 18.34 19.26 -5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 72.10 76.25 -5%
EIH (Oberoi Hotels & Resorts) 85.45 87.40 -2%
Hotel Leela Ventures 40.20 42.50 -5%
Korea Exchange (KRW)
The Shilla 28,650 30,600 -6%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.31 0.34 -9%
Ascott Residence Trust 1.11 1.13 -2%
Banyan Tree Holdings Limited 0.73 0.81 -10%
CDL HTrust 1.76 1.96 -10%
Hotel Grand Central Ltd 0.70 0.75 -7%
Hotel Properties Ltd 2.02 2.21 -9%
Mandarin Oriental International Ltd (US$) 1.75 1.85 -5%
Pan Pacific Hotels Group Limited 1.70 1.88 -10%
Stamford Land Corporation Ltd 0.51 0.56 -9%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 465 457 2%
The Ambassador Hotel, Ltd 35.30 37.80 -7%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 227,900 230,900 -1%
Japan Hotel and Resort Inc 170,000 178,000 -4%
Imperial Hotel, Ltd 1,933 1,905 1%
 
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HVS Beijing
Michelle Hui
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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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.

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