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June 22, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Banyan Tree To Open Resort In Vietnam
Rosewood To Debut In China
Four Seasons Announces New Resort On Dubai’s Renowned Jumeirah Beach
Bangkok’s Don Mueang Airport To Be Renovated
Wyndham Expands China Portfolio With Four New Ramada Hotels
Absolute Share Price Performance, as at 22 June 2012
Banyan Tree To Open Resort In Vietnam Return to Headlines

Banyan Tree Holdings will unveil its first project in Vietnam – the Laguna Lang Cô integrated resort – on 1 November. Located on a three-kilometre stretch of beach at Lang Co Bay, on Vietnam’s central coast, the 280-hectare development will include Banyan Tree and Angsana-branded hotels and spas, an 18-hole championship golf course designed by Nick Faldo, private villas and residences, convention facilities and a range of recreational activities. Banyan Tree Lang Cô offers 32 one-bedroom lagoon villas as well as 17 one-bedroom beach villas at Canh Duong Beach. Meanwhile, its more contemporary sister hotel, Angsana Lang Cô, will feature 229 suites. The development's residences offer ocean-facing villas and condominium units for sale, with owners to be granted exclusive privileges on global exchange programmes, golf memberships as well as other services within Laguna Lang Cô. The first phase of the project represents a US$200 million investment funded through the Banyan Tree Indochina Hospitality Fund.

Rosewood To Debut In China Return to Headlines

Luxury hotel group Rosewood is to open its first Chinese property next year, a 279-room hotel in the capital Beijing. The hotel will be located in Chaoyang District opposite the iconic CCTV Tower. The guestrooms, which measure 50 square metres, will be designed in a residential apartment style, with window seats, large bathrooms and walk-in wardrobes. Seven restaurants and lounges will serve authentic international and local cuisines, and the Chinese restaurant will feature a casual and contemporary lower floor restaurant as well as nine private dining suites on the floor above. The Rosewood Sense spa features five spa suites designed for overnight stays. Other facilities include more than 3,000 square metres of meeting space, an indoor swimming pool, gym and yoga studio, plus a lounge for premium guests including an open kitchen, bar, internet area, boardroom and outdoor terrace.

Four Seasons Announces New Resort On Dubai’s Renowned Jumeirah Beach Return to Headlines

Four Seasons Hotels and Resorts will open a resort on Dubai's Jumeirah Beach Road in mid-2014. The hotel chain will develop the project in collaboration with UAE-based holding company Bright Start LLC. Four Seasons Resort Dubai will sit on 11 acres of waterfront and is two kilometres away from Dubai’s commercial district. The resort will feature 237 rooms, including 49 suites, and target leisure and business guests equally. Other facilities include three restaurants, function spaces, a spa, indoor and outdoor pools, tennis courts and a private beach club. The resort has been designed by world-renowned architect WATG, with interior design by San Francisco based BAMO.

Bangkok’s Don Mueang Airport To Be Renovated Return to Headlines
The Thai government has approved a scheme to redevelop Bangkok’s Don Mueang airport to handle more domestic and low-cost flights. The scheme, proposed by Airports of Thailand, is designed to relieve pressure on the Thai capital’s main airport, Suvarnabhumi, which is currently undergoing runway repair work. Under the plan, which was rubber-stamped on Wednesday, Don Mueang will now undergo a THB1.6 billion (US$50.9 million) development project, upgrading runways and other facilities. Once this is complete, the airport will handle an increasing number of domestic and low-cost airlines. Bangkok handled almost 48 million passengers in 2011, about four million more than its planned capacity. Late last year, it was announced that plans are in place to speed up the second phase of Suvarnabhumi’s development, taking capacity to 65 million passengers per year by 2016.
Wyndham Expands China Portfolio With Four New Ramada Hotels Return to Headlines
Wyndham has signed franchise agreements for four new hotels in China under the company’s Ramada brand. The 293-room Ramada Plaza Chengdu West is located at Xingfu Town, Dujiangyan, Chengdu City, which is part of a large-scale commercial complex and a major tourism attraction in China. Due to open in 2013, the 289-room Ramada Huizhou South, set to include 39 suites, is located near the world-class Dayawan Petrochemicals Industrial Park. The 179-room Ramada Kunming North will be based in a 428-hectare development including a horse racing club, two 18-hole golf courses, a conference centre and entertainment facilities. The 150-room Ramada Hotel Pingtan will be situated in Fujian Province’s Pingtan Comprehensive Experimental Zone.
Absolute Share Price Performance, as at 22 June 2012
Closing Share Price as at 22 June 2012 15 June 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.35 6.36 -
General Property Group 3.21 3.19 1%
Mirvac Group 1.25 1.26 -1%
Ocean Capital Limited 0.17 0.17 -
Thakral Holdings Group 0.750 0.760 -1%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 12.50 12.20 2%
Dusit Thani Public Co Ltd 33.75 34.00 -1%
The Erawan Group Public Co Ltd 2.58 2.62 -2%
Grande Asset Hotels and Property Public Co Ltd 1.17 1.15 2%
Laguna Resorts & Hotel Public Co Ltd 38.50 39.00 -1%
Minor International Public Co Ltd 13.60 13.20 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.29 16.62 -2%
Beijing Capital Tourism Co Ltd 12.54 12.86 -2%
Jinling Hotel Corporation Ltd 7.44 7.48 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.08 5.23 -3%
Guangzhou Dong Fang Hotel Co Ltd 6.95 6.92
Shenzhen Century Plaza Hotel Co Ltd 4.80 4.68 3%
Home Inns & Hotels Management Inc 21.30 22.16 -4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.26 8.16 1%
Regal Hotels International Holdings Ltd 2.91 2.92
Sino Hotels Holdings Ltd 2.36 2.39 -1%
The Hong Kong & Shanghai Hotels Ltd 10.26 10.26
Shangri-La Asia Limited 15.34 14.88 3%
kosmopolito Hotel International 1.44 1.35 7%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 59.7 55.0 8%
EIH (Oberoi Hotels & Resorts) 78.3 76.5 2%
Hotel Leela Ventures 31.7 32.3 -2%
Korea Exchange (KRW)
The Shilla 53,800 54,100 -1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.34 0.34 -
Ascott Residence Trust 1.09 1.06 3%
Banyan Tree Holdings Limited 0.51 0.51 -
CDL HTrust 1.87 1.89 -1%
Hotel Grand Central Ltd 0.78 0.76 3%
Hotel Properties Ltd 1.89 1.91 -1%
Mandarin Oriental International Ltd (US$) 1.29 1.29
Pan Pacific Hotels Group Limited 1.72 1.77 -3%
Shangri-La Asia Limited (HK$) 14.66 14.58 1%
Stamford Land Corporation Ltd 0.55 0.55 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 333 341 -2%
The Ambassador Hotel, Ltd 30.75 29.25 5%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 21,500 20,650 4%
Imperial Hotel, Ltd 2,462 2,390 3%
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