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10 August 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Fraser Residence Shanghai Undergoes Refurbishment
Foreign Arrivals To Cambodia Surged By 27% In The First Half Of 2012
Ascott To Open A New Serviced Residence In Manila
Accor Opens Novotel Hotel In Ho Chi Minh City
Dreamworks To Build Shanghai Entertainment Zone
Correction To Article: Le Méridien to Debut in Bangladesh
Absolute Share Price Performance, as at 10 August 2012
Fraser Residence Shanghai Undergoes Refurbishment Return to Headlines

Fraser Residence Shanghai, located in the heart of the Luwan district, is currently undergoing extensive refurbishment as part of Frasers Hospitality's global asset enhancement programme. The property is situated within walking distance of the bustling shopping locale of Huahai Road and the city's entertainment hub, Xintiandi. Expected to reopen in October 2012, the renovated 324-unit serviced apartment will offer a range of studio units and three-bedroom penthouses, in addition to facilities such as a spa, an indoor swimming pool, restaurants and meeting rooms. The renovated rooms will exhibit contemporary designs, with a slant towards minimalism. The renovation will also create more meeting spaces in response to high demand for these services, as well as an expansion of the property's gym.

Foreign Arrivals To Cambodia Surged By 27% In The First Half Of 2012 Return to Headlines

Cambodia had received 1.76 million foreign tourists in the first six months of this year, a 27 percent increase compared with the same period last year, showed a report released by the Ministry of Tourism. Of the total number of arrivals to Cambodia, 60 percent of the tourists or 1.06 million had visited the world heritage site - Angkor archeological park - in the Siem Reap province. During this period, Vietnam was the biggest feeder market to Cambodia with 378,130 tourists, up 30 percent, followed by South Korea with 227,200 tourists, up 32 percent, and Chinese visitors at third with 151,890 tourists, up 33 percent.

Ascott To Open A New Serviced Residence In Manila Return to Headlines

The Ascott Limited has secured a new management contract for its Citadines brand in Ortigas Center, a key business and financial district in Metro Manila, Philippines. Scheduled to open in 2015, the 210-unit Citadines Millennium Ortigas Manila boosts Ascott's portfolio to over 1,300 apartment units across seven properties. Citadines Millennium Ortigas Manila is strategically located in Ortigas Center, home to many top Filipino and multinational companies. Residence facilities will include a swimming pool, gymnasium and residents lounge. Besides Citadines Millennium Ortigas Manila, Ascott will open Ascott Bonifacio Global City Manila in Taguig City and Citadines Salcedo Makati within the Makati central business district in 2014.

Accor Opens Novotel Hotel In Ho Chi Minh City Return to Headlines
Accor announced the opening of the Novotel Saigon Centre, a newly-built hotel located in District 1 of Ho Chi Minh City (Saigon). The hotel features 247 guest rooms and suites, four food & beverage outlets, over 400 square metres of meeting space, a swimming pool, a fitness centre and a spa. Located in the heart of the city's business and entertainment area, the hotel is just a short 20-minute drive from Tan Son Nhat International Airport and 1.5 kilometres away from Saigon Railway Station. It is only a few steps from the city's landmarks, such as the Reunification Palace, Central Post Office, Notre Dame Cathedral and Ben Thanh Market.
Dreamworks To Build Shanghai Entertainment Zone Return to Headlines
The US movie company DreamWorks Animation has announced plans to build a US$3.1 billion cultural and entertainment district in Shanghai. To be built along the shore of the Huangpu River in Shanghai, DreamWorks Animation's cultural landmark hopes to boost the firm's access to the lucrative Chinese media market, as well as China's media and cultural industries. Slated to open in 2016, the district will also house Oriental DreamWorks, a new US$350 million animation studio, the world's largest IMAX theatre, three Broadway-style theatres, performance halls, restaurants, shops and an entertainment zone.
Correction To Article: Le Méridien to Debut in Bangladesh Return to Headlines
An article in last week's Asia Pacific Newsletter with the title "Starwood to Open Its First Hotel In Bangladesh" was mis-stated. It was brought to our attention that the Westin Dhaka has already been in operation since 2007. This would mean that Le Méridien Dhaka will be a new addition to Starwood's collection of hotels in the city.
Absolute Share Price Performance, as at 10 August 2012
Closing Share Price as at 10 August 2012 3 August 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.96 6.70 4%
General Property Group 3.38 3.42 -1%
Mirvac Group 1.33 1.35 -1%
Ocean Capital Limited 0.15 0.15 -
Thakral Holdings Group 0.760 0.760 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 15.40 15.70 -2%
Dusit Thani Public Co Ltd 34.00 34.00 -
The Erawan Group Public Co Ltd 2.60 2.66 -2%
Grande Asset Hotels and Property Public Co Ltd 1.18 1.23 -4%
Laguna Resorts & Hotel Public Co Ltd 39.50 39.50 -
Minor International Public Co Ltd 15.30 15.70 -3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.51 15.24 2%
Beijing Capital Tourism Co Ltd 12.38 12.24 1%
Jinling Hotel Corporation Ltd 7.28 7.11 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.73 4.49 5%
Guangzhou Dong Fang Hotel Co Ltd 7.15 6.92 3%
Shenzhen Century Plaza Hotel Co Ltd 4.40 4.24 4%
Home Inns & Hotels Management Inc 22.13 20.00 11%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.55 8.30 3%
Regal Hotels International Holdings Ltd 3.06 3.00 2%
Sino Hotels Holdings Ltd 2.42 2.41 -
The Hong Kong & Shanghai Hotels Ltd 9.49 9.77 -3%
Shangri-La Asia Limited 14.32 14.60 -2%
kosmopolito Hotel International 1.56 1.54 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 63.9 59.9 7%
EIH (Oberoi Hotels & Resorts) 79.9 79.7 -
Hotel Leela Ventures 42.3 30.8 37%
Korea Exchange (KRW)
The Shilla 48,200 49,200 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.37 0.38 -3%
Ascott Residence Trust 1.20 1.20 -
Banyan Tree Holdings Limited 0.56 0.56 -
CDL HTrust 1.99 2.01 -1%
Hotel Grand Central Ltd 0.79 0.79 -
Hotel Properties Ltd 2.33 2.25 4%
Mandarin Oriental International Ltd (US$) 1.37 1.40 -2%
Pan Pacific Hotels Group Limited 1.98 1.98 -
Shangri-La Asia Limited (HK$) 14.60 14.50 1%
Stamford Land Corporation Ltd 0.55 0.54 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 333 332 -
The Ambassador Hotel, Ltd 29.50 29.30 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,150 21,250 -
Imperial Hotel, Ltd 2,415 2,460 -2%
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