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September 2, 2011 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Lebua Hotels & Resorts To Open Delhi Property In December
Tanjong Jara Resort Unveils Renovation Programme
DoubleTree By Hilton Brand Debuts In India
Wyndham Expands With New Ramada Resort In Port Douglas
Ritz-Carlton To Open Two Hotels In China
Absolute Share Price Performance, As At 2 September 2011
Lebua Hotels & Resorts To Open Delhi Property In December Return to Headlines

Delhi, India will soon witness the opening of a new hotel by Lebua Hotels & Resorts, an international luxury hotel group. The group already owns and operates properties in Bangkok and New Zealand. Located in Dwarka in West Delhi, the new property will boast a total of 400 rooms and feature an authentic high-end Indian restaurant with a renowned Indian Michelin-starred chef. The hotel is on schedule for a soft launch in the month of December. Following Delhi, the group is now looking at opportunities across India, including Punjab and Mumbai.

Tanjong Jara Resort Unveils Renovation Programme Return to Headlines

Tanjong Jara Resort by YTL, located on the Malaysian resort island of Langkawi, will be building a new three-bedroom luxury estate and rebuilding 12 accommodations from 1 October 2011 until end of March 2012. The new luxury estate will be built on a secluded piece of land located nearby the current resort. Once completed, the luxury estate will feature three bedrooms, a private pool and breathtaking sea views. The 12 redeveloped rooms including six Bumbung Rooms and six Serambi Rooms will each offer luxurious accommodation with a high level of comfort and personal service. The new Bumbung Rooms will be modified to include a large verandah offering magnificent views of the ocean and surrounding gardens.

DoubleTree By Hilton Brand Debuts In India Return to Headlines

DoubleTree by Hilton is all set to make its mark in India by opening its first Doubletree by Hilton property in New Delhi-Mayur Vihar. The newly built 196-guestroom hotel is located within a 20-minute drive of the business district in Noida, including the bustling Sector 62 and Film City in Sector 16. This is the first of five properties planned by Hilton under the DoubleTree brand, an upscale and full service brand, in India. The property will be owned and operated by Eros Resorts & Hotels, an Eros Group company, and managed by Hilton Worldwide. DoubleTree by Hilton global head Rob Palleschi called the launch of the hotel a 'significant milestone' for the brand. With this official launch, Hilton Worldwide now manages six hotels under three brands in India. The company plans to more than double its trading estate during 2011.

Wyndham Expands With New Ramada Resort In Port Douglas Return to Headlines
The Wyndham Hotel Group has added the Mercure Port Douglas Treetops Resort in Queensland, Australia, to its portfolio. The mixed-use property which was formally operated by Accor will be renamed as Ramada Resort Port Douglas. It is the first Ramada resort in North Queensland. The property includes 194 hotel rooms which will be refurbished over the year, resulting in the transfer of 86 hotel rooms and apartments to the Wyndham Vacation Resorts portfolio. The resort has a selection of three-storey buildings with a swimming pool and waterways and is very close to Four Mile Beach as well as the town centre. Ramada Resort Port Douglas marks the 21st property for the group in Australia, New Zealand and Fiji.
Ritz-Carlton To Open Two Hotels In China Return to Headlines
Partnering with Shanghai Greenland Group, Ritz-Carlton has announced plans to open two hotels in China. The properties will be located in Wuhan and Dalian, and are set to be the tallest hotels in their respective cities. The Ritz-Carlton Wuhan will be located at the top of the 606-metre-high Wuhan Greenland Centre and scheduled to open in 2017. The hotel will feature 330 rooms, an international restaurant and a Chinese restaurant, and more than 2,500 square metres of meeting facilities, as well as a health club, swimming pool and spa. The Ritz-Carlton Dalian will occupy Levels 64 to 81 of the 518-metre-high Dalian Greenland Centre, forming part of a mixed-use development. Including these new openings, Ritz-Carlton plans to operate 13 hotels in China by 2017.
Absolute Share Price Performance, as at 2 September 2011
Closing Share Price as at 2 September 2011 26 August 2011 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 5.40 5.36 1%
General Property Group 3.08 2.99 3%
Mirvac Group 1.18 1.11 7%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.55 0.48 15%
Living and Leisure Australia Group 0.021 0.024 -13%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 10.60 10.50 1%
Dusit Thani Public Co Ltd 36.50 36.50 -
The Erawan Group Public Co Ltd 2.70 2.68 1%
Grande Asset Hotels and Property Public Co Ltd 1.73 1.60 8%
Laguna Resorts & Hotel Public Co Ltd 52.00 51.75 -
Minor International Public Co Ltd 13.00 12.40 5%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 19.58 18.06 8%
Beijing Capital Tourism Co Ltd 17.58 18.37 -4%
Jinling Hotel Corporation Ltd 8.94 8.95 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.90 5.62 5%
Guangzhou Dong Fang Hotel Co Ltd 10.20 10.20 -
Shenzhen Century Plaza Hotel Co Ltd 6.95 6.44 8%
Home Inns & Hotels Management Inc 37.05 35.43 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.19 9.35 -2%
Regal Hotels International Holdings Ltd 2.72 2.68 1%
Sino Hotels Holdings Ltd 2.65 2.60 2%
The Hong Kong & Shanghai Hotels Ltd 12.40 11.02 13%
Shangri-La Asia Limited 18.16 17.02 7%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 73.10 71.90 2%
EIH (Oberoi Hotels & Resorts) 88.00 86.50 2%
Hotel Leela Ventures 38.70 37.80 5%
Korea Exchange (KRW)
The Shilla 30,250 28,700 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.33 0.29 14%
Ascott Residence Trust 1.12 1.08 4%
Banyan Tree Holdings Limited 0.71 0.70 1%
CDL HTrust 1.86 1.73 8%
Hotel Grand Central Ltd 0.70 0.70 -
Hotel Properties Ltd 2.05 1.96 5%
Mandarin Oriental International Ltd (US$) 1.69 1.58 7%
Pan Pacific Hotels Group Limited 1.87 1.76 6%
Stamford Land Corporation Ltd 0.51 0.50 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 474 449 6%
The Ambassador Hotel, Ltd 35.05 32.50 8%
Tokyo Stock Exchange (JPY)
Nippon Hotel Fund Investment Corporation 227,000 221,800 2%
Japan Hotel and Resort Inc 171,100 162,751 5%
Imperial Hotel, Ltd 1,930 1,911 1%
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