|
Featured in this Asia Pacific Hospitality Newsletter |
|
|
|
|
|
|
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 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 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.
|
|
|
|
|
|
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 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%
|
|
|
Return to Headlines |
|
|
|
Subscription Information:
You are currently subscribed as $subst('Recip.EmailAddr') to receive
emails from our HVS list. You are receiving this email because you have
contacted us through our website or through other means. To unsubscribe from
future mailings to this list, please send a blank email to:
$subst('Email.UnSub').
If you would like to change your preferred email format, change your
subscribed email address, or have any comments or suggestions, please
contact us at: [email protected].
You can also contact us by phone or regular mail:
HVS
Joan Raffetto
369 Willis Avenue
Mineola, NY 11501
Tel: +1 (516) 248-8828 ext. 231
|
|
|
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. |