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28 September 2012 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Largest Oceanarium to Open in Singapore
Rosewood to Expand into Phuket in 2014
Indonesia PT Ciputra Property Breaking Through Company's First Tourism-Related Project
Swiss Returns to Singapore
Starwood Opens Largest Hotel
Absolute Share Price Performance, as at 28 September 2012
Largest Oceanarium to Open in Singapore Return to Headlines

Singapore's Resorts World Sentosa is set to be home to the world's largest oceanarium by the end of 2012. The Marine Life Park is set to open on 7 December 2012 and will house more than 100,000 marine animals of over 800 species. The attraction will be divided into two parks: the Adventure Cove Waterpark, which will feature the region's first hydromagnetic water coaster ride and a rainbow reef, and the Southeast Asia Aquarium, which will feature more than 800 species including hammerhead sharks and manta rays in the world's largest aquarium. The Marine Life Park will also be doing its part to help out with marine conservation and international research projects.

Rosewood to Expand into Phuket in 2014 Return to Headlines

Following the planned opening of its first Rosewood property in Asia in 2013, the Rosewood Beijing, US-based Rosewood Hotels & Resorts is set to continue its expansions plans in the region with the opening of the Rosewood Phuket at the end of 2014. The resort will be located on the 600-metre Emerald Bay beachfront in Western Phuket and will feature 87 villas, 20 residences and six hideaway homes. The property will include six food and beverage outlets in addition to Rosewood's Sense Spa, which will have five treatment rooms and seven private spa villas. The company plans to add 10 more properties to its Asian portfolio in the next five years.

Indonesia PT Ciputra Property Breaking Through Company's First Tourism-Related Project Return to Headlines

One of Indonesia's prominent developers, PT Ciputra Property Tbk (CTRP), has recently announced that they are adding new developments under their pipeline. One of the upcoming developments is a resort complex on approximately 80 hectares of land which features five hotels with five-star service, a shopping mall and an art center. This development is expected to start construction next year in Indonesia's popular tourist destination of Bali, at an estimated cost of more than Rp 3 trillion (US$312 million). Apart from breaking through the first tourism-related project for them, CTRP is also planning to develop two superblocks in the nation's capital city Jakarta; located at South Jakarta and West Jakarta, that will need about 3 hectares of land for each project. CTRP's current development portfolio focuses on superblock mixed-use commercial properties that feature offices, shopping malls, hotels and recreational centers.

Swiss Returns to Singapore Return to Headlines
The national carrier of Switzerland, Swiss International Air Lines (Swiss), will make a comeback to Singapore from May 2013, four years after pulling out of the city-state due to falling traffic. The airline will operate a daily non-stop service from Zürich to Singapore on the Airbus A340. Previously, Swiss used to operate six flights weekly from Singapore to Zürich via Bangkok. This new flight route will be in direct competition with fellow Star Alliance member Singapore Airlines, which currently serves the Zurich-Singapore route daily with an Airbus A380 aircraft, with Swiss code-sharing on the service.
Starwood Opens Largest Hotel Return to Headlines
Starwood Hotels & Resorts has opened the company's largest property in the world, and Macao's largest hotel - the Sheraton Macao Hotel, Cotai Central. Comprising of almost 4,000 rooms, the property is part of the Sands Cotai Central, Macao's newest integrated resort located on the Cotai Strip. The Sheraton Macao Hotel, Cotai Central is home to the world's largest Sheraton Club Lounge and features a ballroom spanning over 11 basketball courts. The property is the second Starwood hotel to open in Macao, after The Westin Resort, Macau. Asia Pacific is Starwood's fastest growing global market and the Sheraton brand currently operates 95 hotels in the region.
Absolute Share Price Performance, as at 28 September 2012
Closing Share Price as at 28 September 2012 21 September 2012 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 6.70 6.70 -
General Property Group 3.40 3.42 -1%
Mirvac Group 1.43 1.40 3%
Ocean Capital Limited 0.14 0.14 -
Thakral Holdings Group 0.80 0.81 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 17.30 16.90 2%
Dusit Thani Public Co Ltd 46.75 46.00 2%
The Erawan Group Public Co Ltd 3.04 2.98 2%
Grande Asset Hotels and Property Public Co Ltd 1.34 1.33 1%
Laguna Resorts & Hotel Public Co Ltd 36.25 37.00 -2%
Minor International Public Co Ltd 15.40 15.70 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.05 15.15 -1%
Beijing Capital Tourism Co Ltd 11.89 12.01 -1%
Jinling Hotel Corporation Ltd 6.84 6.80 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.45 4.40 1%
Guangzhou Dong Fang Hotel Co Ltd 7.27 7.39 -2%
Shenzhen Century Plaza Hotel Co Ltd 4.34 4.43 -2%
China Lodging Group, Limited 16.69 15.89 5%
Home Inns & Hotels Management Inc 24.80 24.29 2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.26 9.40 -1%
Regal Hotels International Holdings Ltd 3.36 3.32 1%
Sino Hotels Holdings Ltd 2.70 2.80 -4%
The Hong Kong & Shanghai Hotels Ltd 9.18 8.95 3%
Shangri-La Asia Limited 15.04 15.00 -
Dorsett Hospitality International 1.92 1.75 10%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 70.10 62.50 12%
EIH (Oberoi Hotels & Resorts) 80.10 77.05 4%
Hotel Leela Ventures 30.75 28.55 8%
Korea Exchange (KRW)
The Shilla 55,400 58,100 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.41 0.41 -
AscendasHT 0.91 0.92 -1%
Ascott Residence Trust 1.25 1.23 2%
Banyan Tree Holdings Limited 0.61 0.62 -2%
CDL HTrust 2.03 1.98 3%
Far East HTrust 1.03 1.00 3%
Hotel Grand Central Ltd 0.90 0.87 3%
Hotel Properties Ltd 2.77 2.88 -4%
Mandarin Oriental International Ltd (US$) 1.45 1.51 -4%
Pan Pacific Hotels Group Limited 2.29 2.27 1%
Shangri-La Asia Limited (HK$) 14.78 14.62 1%
Stamford Land Corporation Ltd 0.58 0.58 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 352 364 -3%
The Ambassador Hotel, Ltd 33.20 34.40 -3%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 22,000 21,440 3%
Imperial Hotel, Ltd 2,100 2,115 -1%
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
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.

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