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24 August 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Far East Hospitality Trust Lists on Singapore Stock Exchange
Langham Secures Flagship Property in Sydney
China Tightens Visa Procedures for Tourists
ONYX Breaks Ground on Second Project in Sri Lanka
EVA to Fly to Second Destination in Hokkaido
Absolute Share Price Performance, as at 24 August 2012
 
Far East Hospitality Trust Lists on Singapore Stock Exchange Return to Headlines

Listed on August 27 2012, Far East Hospitality Trust is now the fourth hospitality trust in Singapore. The trust, with a portfolio of seven hotels and four serviced residences which are all located in Singapore, raised S$717.6 million in the IPO. The listing follows closely after Ascendas listed their Ascendas Hospitality Trust a couple of weeks ago. The other two hospitality trusts in Singapore are Ascott Residence Trust and CDL Hospitality Trusts.

HVS Singapore is pleased to have acted as the Independent Valuer for the REIT transaction to shareholders of Orchard Parade Holdings Ltd.

Langham Secures Flagship Property in Sydney Return to Headlines

Langham Hospitality Group has entered the Sydney hotel market, following the acquisition of The Observatory Hotel, which will be renamed The Langham, Sydney. Located near the Central Business District and key attractions such as the Sydney Harbour Bridge and Sydney Opera House, the property will serve as a luxury base for both business and leisure guests. The Langham, Sydney will be refurbished and positioned as a top luxury hotel in the city. With this acquisition, Langham Hospitality Group will have a total of three properties in the Pacific, including The Langham, Auckland and The Langham, Melbourne and this purchase mirrors the group's strategic plan for a long-term expansion in the region.

 
China Tightens Visa Procedures for Tourists Return to Headlines

China has recently tightened its visa regulations for international visitors. Travellers applying for tourist visas will now be required to submit a letter of invitation from a person or company in China, in addition to a copy of their hotel reservation and return air ticket. Such a move may impact the number of foreign tourists and consequently, China's tourism revenues. China, the second largest economy globally, has one of the largest number of tourist arrivals in the world. United Nations World Tourism has forecast that the country will become the world's most popular tourist destination by 2015.

 
ONYX Breaks Ground on Second Project in Sri Lanka Return to Headlines
Thailand-based ONYX Hospitality Group has signed management agreements with Sinko Lanka Hotels Holdings to expand its OZO brand in Sri Lanka. Construction will begin on OZO Kandy, which will be the second OZO project in Sri Lanka. The property is a joint venture between Sino Lanka Hotels Holdings and The Kandy Hotels Co. and will be managed by ONYX. The OZO Kandy will feature 128 rooms and will be located close to the Kandy Lake. ONYX is currently building its presence in Sri Lanka with the development of OZO Colombo, which is set to open in 2014.
 
EVA to Fly to Second Destination in Hokkaido Return to Headlines
EVA Air will begin flights to a second destination in Hokkaido by the end of October. The airline will service Hakodate Airport from Taipei's Taoyuan Airport, starting with two flights a week and by December, EVA Air will increase its frequency to three flights a week. EVA Air has been serving the Hakodate market since 1998 with seasonal charter flights. Hokkaido has been a key destination for Taiwanese travellers due to its tourism infrastructure and natural resources. With this new route, EVA Air will be providing more access between Hokkaido and Taiwan compared to any other airline.
 
 
Absolute Share Price Performance, as at 24 August 2012
 
Closing Share Price as at 24 August 2012 17 August 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.81 6.82 -
General Property Group 3.51 3.54 -1%
Mirvac Group 1.36 1.37 -1%
Ocean Capital Limited 0.15 0.15 -
Thakral Holdings Group 0.80 0.75 7%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 17.00 16.40 4%
Dusit Thani Public Co Ltd 34.25 35.00 -2%
The Erawan Group Public Co Ltd 2.64 2.62 1%
Grande Asset Hotels and Property Public Co Ltd 1.20 1.19 1%
Laguna Resorts & Hotel Public Co Ltd 39.00 38.50 1%
Minor International Public Co Ltd 15.40 15.10 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.77 14.88 -1%
Beijing Capital Tourism Co Ltd 12.13 12.08 -
Jinling Hotel Corporation Ltd 7.01 7.03 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.48 4.50 -
Guangzhou Dong Fang Hotel Co Ltd 7.30 7.19 2%
Shenzhen Century Plaza Hotel Co Ltd 4.28 4.26 -
NASDAQ (US$)
Home Inns & Hotels Management Inc 23.00 24.45 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.79 8.68 1%
Regal Hotels International Holdings Ltd 3.15 3.05 3%
Sino Hotels Holdings Ltd 2.50 2.47 1%
The Hong Kong & Shanghai Hotels Ltd 9.40 9.30 1%
Shangri-La Asia Limited 14.56 14.20 3%
kosmopolito Hotel International 1.66 1.58 5%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 62.25 60.25 3%
EIH (Oberoi Hotels & Resorts) 79.60 79.00 1%
Hotel Leela Ventures 29.80 30.20 -1%
Korea Exchange (KRW)
The Shilla 51,100 48,500 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.38 0.37 3%
Ascott Residence Trust 1.23 1.20 3%
Banyan Tree Holdings Limited 0.56 0.58 -3%
CDL HTrust 1.96 1.93 2%
Hotel Grand Central Ltd 0.79 0.78 1%
Hotel Properties Ltd 2.58 2.45 5%
Mandarin Oriental International Ltd (US$) 1.39 1.35 3%
Pan Pacific Hotels Group Limited 2.05 2.05 -
Shangri-La Asia Limited (HK$) 14.02 13.84 1%
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 336 327 3%
The Ambassador Hotel, Ltd 31.25 30.85 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,730 21,130 3%
Imperial Hotel, Ltd 2,449 2,433 1%
 
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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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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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