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August 19, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
ONYX To Manage New Amari Hotel In Pattaya
Pinnacle Entertainment Takes US$95 Million Stake In Asian Coast Development
Yangon Airport Scheduled For Upgrade
Vietnam To Invest Billions In Tourism
Four Points By Sheraton Shenzhou Peninsula Resort Opening Soon
Absolute Share Price Performance, As At 19 August 2011
ONYX To Manage New Amari Hotel In Pattaya Return to Headlines

ONYX Hospitality Group will expand its portfolio with the signing of a new 135-room hotel in Pattaya under its Amari brand. ONYX has been appointed to manage the 35-storey property, currently known as The Legend, which has been renamed Amari Residences Pattaya. Once opened in late 2014, the property will feature 140 privately owned condominiums and 135 serviced apartments managed by Amari, all of which will offer views of the Pattaya Bay. Other hotel facilities include a restaurant, fitness centre and outdoor swimming pool. This will be the fourth property in Pattaya that ONYX is managing for Nova Group, the owner of the Amari Residences Pattaya project.

Pinnacle Entertainment Takes US$95 Million Stake In Asian Coast Development Return to Headlines

US casino operator, Pinnacle Entertainment, has announced a US$95 million investment in Asian Coast Development (Canada) Ltd (ACDL), the owner and developer of integrated resorts and residential development in the Ho Tram Strip beachfront complex in southern Vietnam. With this investment, Pinnacle has acquired a 26% equity interest in ACDL and has secured a management agreement that will run through 2058 for the second integrated resort of the multi-phase Ho Tram Strip destination resorts project. Pinnacle and ACDL are anticipating that this second integrated resort, which will be branded as a luxurious and distinct resort, will be similar in project scope to the MGM Grand Ho Tram resort that is currently under construction and expected to open in 2013.

Yangon Airport Scheduled For Upgrade Return to Headlines

The Yangon International Airport is expected to undergo an expansion, as traffic volume at the airport is approaching capacity. With a strong increase in arrivals this year, the Myanmar government is planning to extend and upgrade the airport in order to increase the annual passenger capacity from 2.7 million to 3.8 million. The airport had a 21.7% year-on-year increase in international arrivals in the last quarter, with over 51,000 international visitor arrivals, while domestic arrivals were recorded at over 360,000, up 23.5%. Total arrivals at the airport are anticipated to hit 2 million passengers this year and are expected to surpass the airport's capacity of 2.7 million passengers a year.

Vietnam To Invest Billions In Tourism Return to Headlines
Vietnam is planning on investing an estimated US$42.5 billion to develop its tourism infrastructure over the next ten years. This is part of the country's aim to boost its domestic and international tourist arrivals, from 28 million arrivals in 2010 to almost 50 million arrivals by 2020 for domestic arrivals, and from 5.5 million arrivals in 2010 to 10.5 million arrivals by 2020 for international arrivals. Twenty percent of this multi-billion dollar investment is set to come from the state, while the rest will come from local and foreign investors. There is current pressure to develop the country's hotel and resort industry instead of relying on Vietnam's heritage sites and natural scenery, with priority given to infrastructure development.
Four Points By Sheraton Shenzhou Peninsula Resort Opening Soon Return to Headlines
The Four Points by Sheraton Shenzhou Peninsula Resort is set to open next month. Located on a natural peninsula in the southeast area of Wanning City, on the east coast of Hainan, the 338-room resort is the first Four Points by Sheraton resort to be opened in China. The resort is conveniently located on the beach, with golf courses and a hot spring located nearby. Facilities in the hotel include a fully equipped fitness centre, a lagoon pool and over 2,280 square metres of function space. The resort is part of an overall complex which will house both the Four Points by Sheraton Shenzhou Peninsula Resort and the Sheraton Shenzhou Peninsula Resort. The opening of the Sheraton Shenzhou Peninsula Resort will mark the halfway point to completing the full complex.
Absolute Share Price Performance, as at 19 August 2011
Closing Share Price as at 19 August 2011 12 August 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.37 5.44 -1%
General Property Group 2.94 2.84 4%
Mirvac Group 1.04 1.01 3%
Ocean Capital Limited 0.14 0.16 -13%
Thakral Holdings Group 0.48 0.48 -
Living and Leisure Australia Group 0.022 0.020 10%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.60 11.00 -4%
Dusit Thani Public Co Ltd 37.00 38.00 -3%
The Erawan Group Public Co Ltd 2.82 2.82 -
Grande Asset Hotels and Property Public Co Ltd 1.79 1.81 -1%
Laguna Resorts & Hotel Public Co Ltd 55.00 56.25 -2%
Minor International Public Co Ltd 12.60 12.20 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.10 17.27 -1%
Beijing Capital Tourism Co Ltd 16.09 16.05 -
Jinling Hotel Corporation Ltd 8.74 8.94 -2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.41 5.49 -1%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 6.12 6.48 -6%
Home Inns & Hotels Management Inc 35.27 35.03 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.98 9.05 -1%
Regal Hotels International Holdings Ltd 2.77 2.77 -
Sino Hotels Holdings Ltd 2.60 2.60 -
The Hong Kong & Shanghai Hotels Ltd 11.28 11.42 -1%
Shangri-La Asia Limited 18.06 18.34 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 68.25 72.10 -5%
EIH (Oberoi Hotels & Resorts) 81.30 85.45 -5%
Hotel Leela Ventures 37.80 40.20 -6%
Korea Exchange (KRW)
The Shilla 30,800 28,650 8%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.29 0.31 -6%
Ascott Residence Trust 1.09 1.11 -1%
Banyan Tree Holdings Limited 0.75 0.73 3%
CDL HTrust 1.69 1.76 -4%
Hotel Grand Central Ltd 0.69 0.70 -1%
Hotel Properties Ltd 1.96 2.02 -3%
Mandarin Oriental International Ltd (US$) 1.60 1.75 -9%
Pan Pacific Hotels Group Limited 1.71 1.70 1%
Stamford Land Corporation Ltd 0.50 0.51 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 437 465 -6%
The Ambassador Hotel, Ltd 33.80 35.30 -4%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 231,000 227,900 1%
Japan Hotel and Resort Inc 171,100 170,000 1%
Imperial Hotel, Ltd 1,900 1,933 -2%
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Michelle Hui
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