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May 25, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
First Hilton Garden Inn Hotel To Debut In Southeast Asia
Marriott To Open Renaissance Resort In Bo’ao
Bintan To Build Private Airport
Centara To Open First Overseas Centra Brand Hotel In Bali
Palace Hotel Opens In Tokyo
Absolute Share Price Performance, as at 25 May 2012
First Hilton Garden Inn Hotel To Debut In Southeast Asia Return to Headlines

Hilton Worldwide has signed a management agreement with Hoan Kiem Tourism and Trading Company Limited to introduce the first Hilton Garden Inn and Hilton Worldwide’s second property in Vietnam. Scheduled to open in the second half of 2012, the 86-room Hilton Garden Inn Hanoi marks the debut of Hilton Garden Inn, Hilton Worldwide’s mid-priced brand, in Southeast Asia. Located at the intersection of Tran Hung Dao and Phan Chu Trinh avenues, Hilton Garden Inn Hanoi is in the French Quarter of Hanoi. The 11-storey Hilton Garden Inn Hanoi will have 86 bedrooms, an all-day dining restaurant and a lounge bar, a 100-square-metre meeting room, a spa and on-site car parking facilities. Hilton Garden Inn Hanoi is currently present in several countries in North America and Europe, and made its Asian debut in 2009 with the opening of the Hilton Garden Inn New Delhi. Hilton Worldwide currently manages one other hotel, the Hilton Hanoi Opera, in Vietnam.

Marriott To Open Renaissance Resort In Bo’ao Return to Headlines

Marriott International has announced that it has reached an agreement to open a new Renaissance resort in Bo’ao, Hainan Province, China. This marks a milestone for Marriott of 250 hotels signed in Asia, which represents 129 open hotels plus a development pipeline of 121 projects, totalling more than 75,000 rooms in 15 countries. The latest signing – to be located in Bo'ao – is expected to open its doors in 2015, although further details about its facilities have yet to be confirmed. Earlier this month, Marriott announced plans for three new properties in Thailand, which are to include the Bangkok Marriott Hotel Sukhumvit and the Rayong Marriott Resort and Spa.

Bintan To Build Private Airport Return to Headlines

Bintan Resorts, the leisure complex on the Indonesian island of Bintan, has started work on a new private airport. The new Bintan Resorts International Airport is located in Busung, Kuala Lobam, which is 30 minutes’ drive from the beach resort. The airport is being developed at a cost of S$100 million (US$79 million) and will feature a single terminal building, a 2.5-kilometre runway and a control tower. The new airport is envisaged to start operations by 2015. According to Bintan Resorts, the airport will serve mainly domestic routes, charter flights from regional cities and private jets. As the bulk of visitors to Bintan Resorts currently come from Singapore via a ferry link, the new airport is expected to broaden the resort’s appeal.

Centara To Open First Overseas Centra Brand Hotel In Bali Return to Headlines
Centara Grand Nusa Dua Resort and Villas, the second resort hotel to be opened in Bali by Thailand’s hotel operator Centara Hotels and Resorts, will be soft-opened during the third quarter of 2012. The five-star property will feature 68 suites with the option of a private pool, a pool access or private Jacuzzi, along with 14 private pool villas with up to 3 bedrooms. Hotel facilities will include a Spa Cenvaree with nine treatment rooms, two large pools, a fitness centre, two restaurants, two bars, a club lounge, a kids’ club and a library. The resort’s design concept is based on the Peranakan style, a blending of Chinese and Indonesian or Malay cultural styles that have created very distinctive design and architectural forms for parts of Southeast Asia including Indonesia, Malaysia and Singapore.
Palace Hotel Opens In Tokyo Return to Headlines
The Palace Hotel Tokyo recently reopened following a US$1.2 billion revamp. First opened in 1961 in the heart of Tokyo, the hotel is set amid a landscape of greenery and water in the business district of Marunouchi. The 209-key hotel’s 12 categories of rooms range from deluxe rooms, at 45 to 55 square metres, to suites that start at 75 square metres and extend to 255 square metres. Most of the rooms feature open-style bathrooms with separate soaking tubs and showers, and more than half of the rooms and suites have open terraces and balconies. The hotel also features ten food and beverage outlets, Japan’s first Evian Spa, an indoor pool, a retail arcade and 1,500 square metres of meeting space.
Absolute Share Price Performance, as at 25 May 2012
Closing Share Price as at 25 May 2012 18 May 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.30 6.20 2%
General Property Group 3.20 3.16 1%
Mirvac Group 1.24 1.25 -1%
Ocean Capital Limited 0.17 0.18 -6%
Thakral Holdings Group 0.765 0.750 2%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 12.10 11.80 3%
Dusit Thani Public Co Ltd 34.00 34.00
The Erawan Group Public Co Ltd 2.60 2.58 1%
Grande Asset Hotels and Property Public Co Ltd 1.19 1.19 -
Laguna Resorts & Hotel Public Co Ltd 39.50 39.50 -
Minor International Public Co Ltd 13.40 12.60 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.32 16.33 -
Beijing Capital Tourism Co Ltd 12.82 12.92 -1%
Jinling Hotel Corporation Ltd 7.68 7.74 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.32 5.47 -3%
Guangzhou Dong Fang Hotel Co Ltd 7.07 7.27 -3%
Shenzhen Century Plaza Hotel Co Ltd 5.13 4.94 4%
Home Inns & Hotels Management Inc 20.46 21.70 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.30 8.30 -
Regal Hotels International Holdings Ltd 3.04 2.81 -
Sino Hotels Holdings Ltd 2.40 2.38 1%
The Hong Kong & Shanghai Hotels Ltd 9.82 10.20 -4%
Shangri-La Asia Limited 15.58 15.32 2%
kosmopolito Hotel International 1.11 1.11 -
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 57.0 59.1 -3%
EIH (Oberoi Hotels & Resorts) 78.3 78.6 -
Hotel Leela Ventures 30.9 30.3 2%
Korea Exchange (KRW)
The Shilla 51,900 47,050 10%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.35 0.35 -
Ascott Residence Trust 1.06 1.06 -
Banyan Tree Holdings Limited 0.56 0.57 -2%
CDL HTrust 1.78 1.74 2%
Hotel Grand Central Ltd 0.76 0.75 1%
Hotel Properties Ltd 1.88 1.85 2%
Mandarin Oriental International Ltd (US$) 1.27 1.32 -4%
Pan Pacific Hotels Group Limited 1.75 1.80 -3%
Shangri-La Asia Limited (HK$) 15.08 15.02 -
Stamford Land Corporation Ltd 0.56 0.53 6%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 339 339 -
The Ambassador Hotel, Ltd 30.10 30.85 -2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 20,000 19,190 4%
Imperial Hotel, Ltd 2,383 2,300 4%
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