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May 4, 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
The 8th China Hotel Investment Conference Concludes On A High Note
St. Regis Debuts In Qatar
Starwood To Rebrand Citigate Perth Under Four Points
Mövenpick Unveils Chinese Hotel Brand
Best Western Debuts in Melaka
Absolute Share Price Performance, as at 4 May 2012
The 8th China Hotel Investment Conference Concludes On A High Note Return to Headlines

The 8th China Hotel Investment Conference (CHIC) organised by HVS lived up to its reputation once again as The Most Influential Hotel Investment Conference in China. The event ended on a high note on Friday, 20 April with a record turnout of more than 800 leaders of the hotel and tourism industry from over 20 countries.

Themed China to Global - Harness the New Initiatives and Opportunities, CHIC 2012 featured an impressive speaker line-up of CEOs from major international and domestic hotel companies, real estate developers, investors, government agencies, financiers and consultants. The conference topics, presentations and intensive panel discussions were carefully selected and were well-received by the participants. The best strategies, approaches and innovations in the market were shared and discussed at the conference. Participants learned and benefited from the ideas and experiences of top-notch experts and more importantly, left on a high note.

The CHIC Organising Committee expresses its gratitude to all partners, sponsors, delegates and participants for their tremendous support and looks forward to welcoming all industry leaders at the next CHIC 2013.

St. Regis Debuts In Qatar Return to Headlines

Starwood Hotels and Resorts Worldwide has announced the opening of The St. Regis Doha in Qatar. This opening marks the second of three St. Regis hotels slated to debut within a year in the Middle East, including The St. Regis Saadiyat Island Resort, Abu Dhabi, which opened last December and The St. Regis Abu Dhabi which will open this fall on the Corniche. The St. Regis Mauritius Resort will also debut later this year. The St. Regis Doha is owned by Resorts Development Company and is developed by Alfardan Group. The St. Regis Doha is Qatar's first St. Regis and features 336 guestrooms including 70 suites and 2 presidential suites. The hotel also features 10 food and beverage venues including Gordon Ramsay, Hakkasan restaurants and Astor Grill, the region's first Remède Spa and first Jazz at Lincoln Centre club outside the USA, as well as the brand's hallmark butler service.

Starwood To Rebrand Citigate Perth Under Four Points Return to Headlines

Starwood Hotels and Resorts Worldwide has announced the signing of an operating agreement for a conversion of Citigate Perth into Four Points by Sheraton Perth. The agreement was signed between Starwood, an affiliate of GIC Real Estate Pte Ltd, the real estate investment arm of the Government of Singapore Investment Corporation (GIC), and Host Hotels and Resorts. Under the management of Starwood Hotels and Resorts, the hotel will undergo an improvement programme and is slated to open on 1 June 2012. This marks Starwood's return to Perth after exiting the market 18 months ago when their management contract at Perth's Sheraton Hotel expired and it was renamed Pan Pacific Perth. The property was purchased by the joint venture of GIC Real Estate and Host Hotels and Resorts for US$61 million.

Mövenpick Unveils Chinese Hotel Brand Return to Headlines
International hotel management company, Mövenpick Hotels and Resorts, has developed a new Chinese name and logo as part of its China expansion plans. The company announced that in China it will be known as Rui Xiang (瑞享), which means 'brings you enjoyment and luck with Swiss quality'. In addition to the new name, Mövenpick has created a new logo, in collaboration with brand specialists Interbrand, established a new Shanghai executive team and developed a website in Mandarin. Mövenpick Hotels and Resorts currently has three projects under development in China: the 300-room Mövenpick Hotel Jiading, Shanghai, the 380-room Mövenpick Resort and Spa, Phoenix Island, Sanya, both opening next year, and the Mövenpick Hotel and State Guest House Chifeng, Inner Mongolia, opening in 2015.
Best Western Debuts in Melaka Return to Headlines
Continuing its expansion in Malaysia, Best Western International has announced the opening of Best Western Wana Riverside Hotel. Located along the Melaka River, in the heart of the UNESCO World Heritage Site, the hotel offers 170 rooms comprising Superior, Deluxe, Grand Deluxe, Studio and Executive rooms, which range from 29 square metres to 40 square metres suitable for both business travellers and family groups. All rooms include complimentary Wi-Fi and views of the Malacca Strait. The hotel also offers a vast array of guest facilities including meeting facilities for up to 400 participants plus small to medium business meeting rooms. A sports bar is also available for those wanting to unwind at the end of a long day.
Absolute Share Price Performance, as at 4 May 2012
Closing Share Price as at 4 May 2012 27 April 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.40 6.42 -
General Property Group 3.26 3.26 -
Mirvac Group 1.32 1.29 2%
Ocean Capital Limited 0.18 0.18 -
Thakral Holdings Group 0.750 0.755 -1%
Living and Leisure Australia Group 0.051 0.051 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 13.00 12.50 4%
Dusit Thani Public Co Ltd 33.75 34.00 -1%
The Erawan Group Public Co Ltd 2.88 2.82 2%
Grande Asset Hotels and Property Public Co Ltd 1.28 1.22 5%
Laguna Resorts & Hotel Public Co Ltd 41.25 42.25 -2%
Minor International Public Co Ltd 14.40 13.90 4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.96 17.31 -2%
Beijing Capital Tourism Co Ltd 14.02 13.99 -
Jinling Hotel Corporation Ltd 7.83 7.66 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 5.11 5.01 2%
Guangzhou Dong Fang Hotel Co Ltd 7.78 7.95 -2%
Shenzhen Century Plaza Hotel Co Ltd 4.78 4.94 -3%
Home Inns & Hotels Management Inc 22.26 23.76 -6%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 8.75 8.56 2%
Regal Hotels International Holdings Ltd 3.27 3.10 5%
Sino Hotels Holdings Ltd 2.51 2.63 -5%
The Hong Kong & Shanghai Hotels Ltd 10.30 10.18 1%
Shangri-La Asia Limited 17.00 16.70 2%
kosmopolito Hotel International 1.35 1.37 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 60.8 60.6 -
EIH (Oberoi Hotels & Resorts) 82.4 83.2 -1%
Hotel Leela Ventures 31.2 31.8 -2%
Korea Exchange (KRW)
The Shilla 54,900 52,100 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.40 0.41 -2%
Ascott Residence Trust 1.12 1.10 2%
Banyan Tree Holdings Limited 0.64 0.63 2%
CDL HTrust 1.94 1.87 4%
Hotel Grand Central Ltd 0.85 0.83 2%
Hotel Properties Ltd 2.04 1.96 4%
Mandarin Oriental International Ltd (US$) 1.56 1.56 -
Pan Pacific Hotels Group Limited 1.75 1.75 -
Shangri-La Asia Limited (HK$) 16.30 15.20 7%
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 408 398 3%
The Ambassador Hotel, Ltd 35.70 35.45 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 20,030 19,480 3%
Imperial Hotel, Ltd 2,430 2,434 -
Return to Headlines
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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