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June 1, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Ritz-Carlton Opens Okinawa Resort
Hilton Brings Waldorf Astoria To Chengdu
New China Centric Hotel Brand Launched
Four Points By Sheraton Debuts In Sandakan, Malaysia
Hilton To Open Third DoubleTree Hotel In Malaysia
Absolute Share Price Performance, as at 1 June 2012
Ritz-Carlton Opens Okinawa Resort Return to Headlines

Ritz-Carlton has opened its first luxury resort in Japan on the tropical island of Okinawa. Okinawa is a popular getaway for Japanese visitors but remains relatively unexplored by international luxury travellers. The island features championship golf courses and is surrounded by pristine emerald waters. The resort’s 97 modern guestrooms and 2 suites all boast balconies or terraces offering panoramic views that overlook the East China Sea and the Kise Country Club. Other facilities include Italian, Teppanyaki and multi-cuisine restaurants, The Ritz-Carlton Spa by ESPA, two special Retreat Suites and a golf course.

Hilton Brings Waldorf Astoria To Chengdu Return to Headlines

Hilton Worldwide has announced the signing of a management agreement with Chengdu Yincheng Property for western China’s first Waldorf Astoria branded hotel in Chengdu, the capital of Sichuan Province. Scheduled to open in the second quarter of 2016, the 300-room Waldorf Astoria Chengdu will be located at the heart of the Chengdu Tianfu New Area, opposite Chengdu Tianfu International Financial Centre. Home to the South Chengdu Hi-Tech Development Zone, the area has been earmarked to become the second city centre. The hotel will occupy the top 15 floors of a mixed-used development, with serviced apartments in the lower part of the building.

New China Centric Hotel Brand Launched Return to Headlines

Catering to discerning travellers and the growing China market, Beijing Tourism Group (BTG) and GHM have unveiled plans to set up a new upscale resort brand, Ahn Luh. The partners, together with a third investor, the Great Ocean Group (GOG), said the group’s first properties will debut in the next two to three years. Resorts under the new brand will promote and practise what they are calling a ‘China services’ concept, which marries internationally accepted standards of quality with distinct, local features found in China. The result is the fusing of old-world Chinese hospitality with contemporary elegance to create value-added products, while contributing to an eco-friendly environment. The design at each Ahn Luh property will differ, with each handcrafted resort incorporating elements reflective of the arts and culture of its particular locale. Ahn Luh is charting future developments in major cities and tourism destinations throughout China. The new hotel group’s first project is the Ahn Luh Dujiangyan in Chengdu.

Four Points By Sheraton Debuts In Sandakan, Malaysia Return to Headlines
Starwood Hotels and Resorts Worldwide and ICSD Ventures, a wholly owned subsidiary of London-listed Aseana Properties Limited, announced the opening of the only internationally branded hotel – Four Points by Sheraton Sandakan – in Sandakan, Malaysia. The 300-room hotel also represents Starwood’s first Four Points by Sheraton in the state of Sabah, a rapidly growing ecotourism destination. Targeting business travellers, the hotel offers a ballroom and meeting rooms totalling close to 1,600 square metres. It also features a gym and a swimming pool. Starwood has nine properties in Malaysia with an additional five hotels in the pipeline under a range of its brands.
Hilton To Open Third DoubleTree Hotel In Malaysia Return to Headlines
Hilton Worldwide signed a management agreement with Daiman Landmark Hotel to open its third DoubleTree by Hilton property in Malaysia. Scheduled to open around mid-2014, the 365-key hotel will form part of a mixed-use development comprising an office tower, car park, podium and a hotel tower with guestrooms located between Levels 14 and 30. The hotel will be located along Jalan Ngee Heng, within the Central Business District of Johor Bahru and adjacent to the border causeway crossing between Malaysia and Singapore. The 30-storey hotel will include 350 guestrooms and 15 serviced apartments, as well as 2 restaurants, a cafe, a lounge and 2 bars. The hotel will also offer a fitness centre and outdoor pool, while MICE facilities will include a 400-square-metre ballroom, three meeting rooms and a business centre.
Absolute Share Price Performance, as at 1 June 2012
Closing Share Price as at 1 June 2012 25 May 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.50 6.30 3%
General Property Group 3.26 3.20 2%
Mirvac Group 1.24 1.24 -
Ocean Capital Limited 0.17 0.17 -
Thakral Holdings Group 0.760 0.765 -1%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 12.00 12.10 -1%
Dusit Thani Public Co Ltd 34.00 34.00
The Erawan Group Public Co Ltd 2.52 2.60 -3%
Grande Asset Hotels and Property Public Co Ltd 1.13 1.19 -5%
Laguna Resorts & Hotel Public Co Ltd 39.25 39.50 -1%
Minor International Public Co Ltd 12.80 13.40 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.49 16.32 1%
Beijing Capital Tourism Co Ltd 12.90 12.82 1%
Jinling Hotel Corporation Ltd 7.77 7.68 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.49 5.32 3%
Guangzhou Dong Fang Hotel Co Ltd 7.35 7.07 4%
Shenzhen Century Plaza Hotel Co Ltd 5.00 5.13 -3%
Home Inns & Hotels Management Inc 20.75 20.46 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.27 8.30 -
Regal Hotels International Holdings Ltd 3.14 3.04 3%
Sino Hotels Holdings Ltd 2.47 2.40 3%
The Hong Kong & Shanghai Hotels Ltd 9.49 9.82 -3%
Shangri-La Asia Limited 15.24 15.58 -2%
kosmopolito Hotel International 1.29 1.11 16%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 54.9 57.0 -4%
EIH (Oberoi Hotels & Resorts) 77.1 78.3 -1%
Hotel Leela Ventures 31.7 30.9 3%
Korea Exchange (KRW)
The Shilla 54,500 51,900 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.35 0.35 -
Ascott Residence Trust 1.05 1.06 -1%
Banyan Tree Holdings Limited 0.52 0.56 -7%
CDL HTrust 1.85 1.78 4%
Hotel Grand Central Ltd 0.76 0.76
Hotel Properties Ltd 1.88 1.88
Mandarin Oriental International Ltd (US$) 1.29 1.27 2%
Pan Pacific Hotels Group Limited 1.73 1.75 -1%
Shangri-La Asia Limited (HK$) 14.80 15.08 -2%
Stamford Land Corporation Ltd 0.55 0.56 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 330 339 -3%
The Ambassador Hotel, Ltd 29.80 30.10 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 20,350 20,000 2%
Imperial Hotel, Ltd 2,302 2,383 -3%
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