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April 13, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
HVS Executive Search Announces Promotions and New Appointments To Partnership Track Program
Sands Opens Integrated Resort In Macau
Pan Pacific Singapore To Undergo Major Renovation
Starwood To Open Ski Resorts In China
Swiss˘tel To Debut In Mumbai
Absolute Share Price Performance, as at 13 April 2012
HVS Executive Search Announces Promotions and New Appointments To Partnership Track Program Return to Headlines

Global executive search specialist HVS Executive Search recently promoted Hong Kong based Chris Anklin and Scott Chiesa to Senior Vice President and Debbie Ma to Vice President. Chris and Scott are both on the company's Partnership Track Program, working on their individual goals towards becoming full-fledged partners within the Asia Pacific region. Debbie's well-deserved promotion comes after two years with the firm and reflects her progression in executing increasingly senior level searches.

Sands Opens Integrated Resort In Macau Return to Headlines

Macau is now home to another integrated resort after the Sands Cotai Central opened its doors this week. Developed by Las Vegas Sands, which also operates Singapore's Marina Bay Sands, the huge new three-tower resort offers a mix of accommodation, entertainment, dining, retail, gaming and MICE space. Sands Cotai Central's facilities are impressive, with three international hotels - the 600-room Conrad Macau, 1,200-room Holiday Inn Macau and 3,863-room Sheraton Macau. The integrated resort will also feature more than 20 food and beverage outlets, 20,000 square metres of meeting space, 100 retail stores and 2 casinos.

Pan Pacific Singapore To Undergo Major Renovation Return to Headlines

The 790-room Pan Pacific Singapore hotel is set to undergo an S$80 million makeover, the biggest since it first opened in 1987. The hotel, which will close on 15 April will reopen parts of its premises and facilities by August. The facelift of the property includes the renovation of the hotel's guestrooms, lobby and restaurants, with the Pacific Club on Level 38 as the highlight, which will feature an unfettered 360-degree vantage point. Public areas on Level 1 as well as 150 hotel rooms will be reopened in August this year while the five-star hotel will be fully operational by September. The hotel's owner Hotel Marina City, a wholly owned subsidiary of Singapore Land, will be funding the renovation works.

Starwood To Open Ski Resorts In China Return to Headlines
Working with the Dalian Wanda Group, Starwood Hotels and Resorts Worldwide will open its first dual-branded ski resort complex in Changbaishan, China this August. The Westin Changbaishan and Sheraton Changbaishan Resort will open adjacent to the slopes of Changbai Mountains, one of China's leading ski areas. The complex will be located ten kilometres from Changbaishan Airport, close to the city of Baishan. Offering ski-in/ski-out access, the 257-room Westin Changbaishan Resort will feature a range of restaurants, a kids' club, spa and indoor swimming pool. The 296-room Sheraton Changbaishan Resort will feature a 'Link@Sheraton' technology hub, as well as a restaurant and lounge, spa, indoor swimming pool, and fitness centre. The resort complex will offer more than 3,400 square metres of meeting space including a 1,240-square-metre ballroom.
Swiss˘tel To Debut In Mumbai Return to Headlines
Swiss˘tel Hotels and Resorts has announced the signing of a management contract for a flagship project in India - Swiss˘tel Grand Mumbai. The five-star business hotel is due to open in 2014 and is in close proximity to a number of new grade A offices occupied by numerous multinational companies. The Andheri Kurla area, which has approximately 20% of Mumbai's commercial office space supply, also features new shops and restaurants as well as a new metro line. The hotel will boast 300 guestrooms, executive rooms and suites. The hotel's conference and banqueting facilities will occupy a total area of around 1,600 square metres including a main ballroom measuring 500 square metres. The hotel will also have a PŘrovel Spa & Sport centre.
Absolute Share Price Performance, as at 13 April 2012
Closing Share Price as at 13 April 2012 6 April 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.24 6.24 -
General Property Group 3.17 3.16 -
Mirvac Group 1.22 1.17 4%
Ocean Capital Limited 0.18 0.18 -
Thakral Holdings Group 0.540 0.545 -1%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 11.90 12.60 -6%
Dusit Thani Public Co Ltd 34.00 34.25 -1%
The Erawan Group Public Co Ltd 2.70 2.68 1%
Grande Asset Hotels and Property Public Co Ltd 1.20 1.23 -2%
Laguna Resorts & Hotel Public Co Ltd 41.25 40.75 1%
Minor International Public Co Ltd 12.70 13.10 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.27 16.86 2%
Beijing Capital Tourism Co Ltd 13.63 13.34 2%
Jinling Hotel Corporation Ltd 7.74 7.33 6%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.04 4.80 5%
Guangzhou Dong Fang Hotel Co Ltd 9.15 6.95 32%
Shenzhen Century Plaza Hotel Co Ltd 5.37 4.64 16%
Home Inns & Hotels Management Inc 26.45 26.38 -
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.40 8.33 1%
Regal Hotels International Holdings Ltd 2.63 2.67 -1%
Sino Hotels Holdings Ltd 2.65 2.63 1%
The Hong Kong & Shanghai Hotels Ltd 9.80 9.97 -2%
Shangri-La Asia Limited 16.94 17.02 0%
kosmopolito Hotel International 1.37 1.31 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 62.2 65.5 -5%
EIH (Oberoi Hotels & Resorts) 84.8 86.1 -1%
Hotel Leela Ventures 33.2 33.8 -2%
Korea Exchange (KRW)
The Shilla 49,150 49,000 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.40 0.40 -
Ascott Residence Trust 1.08 1.09 -1%
Banyan Tree Holdings Limited 0.67 0.68 -1%
CDL HTrust 1.83 1.86 -2%
Hotel Grand Central Ltd 0.82 0.83 -1%
Hotel Properties Ltd 1.94 1.95 -1%
Mandarin Oriental International Ltd (US$) 1.56 1.62 -4%
Pan Pacific Hotels Group Limited 1.83 1.78 3%
Shangri-La Asia Limited (HK$) 16.30 16.60 -2%
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 418 402 4%
The Ambassador Hotel, Ltd 35.30 36.55 -3%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 17,870 18,450 -3%
Imperial Hotel, Ltd 2,300 2,169 6%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
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