HVS Asia Pacific Hospitality Newsletter - Week Ending 3 April 2020 (April 6, 2020)

In Focus: Singapore, Revitalising and Repurposing Hotels

In Focus: Singapore 2020 provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure development, revitalising and repurposing hotels, hotel transactions and investment in 2019, outlook and crisis management.

COVID-19: Impact on the Indian Hotels Sector

By Mandeep S Lamba, Akash Datta and Dipti Mohan
The Indian hotels sector has been significantly impacted by Covid-19 as demand is at an all-time low. In our latest report, we have tried to quantify the impact, while discussing some immediate steps needed to help the sector get back on its feet.

To view and download the full article, please click here.

COVID-19 and the Chinese Hotel Sector

By Caroline Zhang, Chang Xu and Rachel Cui
From the beginning of 2020, Covid-19 spread in China and escalated into a global pandemic, impacting the travel, hotel, and catering industries. HVS Shenzhen Office combined existing market information and our own survey results, as well as the historical data, to determine the impact and provide an outlook on the Chinese hotel industry.

To view and download the full article, please click here.

HTL Announces Sale of Australia Hotel Properties Worth AUD35 Million

Australia-based real estate company, HTL Property, has announced the sale of two Australia hotel properties, namely the 44-key Acacia Ridge Hotel in Brisbane and the 18-key Illinois Five Dock Hotel in Sydney. The transaction of both properties summed up to approximately AUD35 million. Situated on a 18,000-square-metre plot of land on the Beaudesert Road in the industrial precinct of Acacia Ridge, Acacia Ridge Hotel, has been acquired by Australia-based ASX-listed Hotel Property Investment Limited from Australia-based Balmoral Hospitality Group. The property features 45 electronic gaming machines, a drive-through bottle shop, multiple bars and conference facilities, as well as a carpark with 230 parking spaces. On the other hand, former Wallaby Bill Young has acquired the Illinois Five Dock Hotel in Sydney for approximately AUD15 million in January this year. The property was previously owned by Bruce Hardin and family since 2005. The pub is situated on the corner of bustling Parramatta Road and Arlington Street at Five Dock, on land space spanning 1,733 square metres, which includes an adjacent house. The property features a public bar, bistro, gaming lounge, and first floor accommodation.

Absolute Share Price Performance, as on 3 April 2020

Closing Share Price as at 3 April 2020 27 March 2020 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 0.85 0.79 7.6%
Event Hospitality & Entertainment Ltd 7.39 7.16 3.2%
General Property Group 3.51 3.30 6.4%
Mirvac Group 1.99 1.95 2.1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 14.80 14.40 2.8%
Dusit Thani Public Co Ltd 6.85 7.00 -2.1%
The Erawan Group Public Co Ltd 2.34 2.22 5.4%
Grande Asset Hotels & Property Public Co Ltd 0.46 0.45 2.2%
Laguna Resorts & Hotel Public Co Ltd 27.00 28.25 -4.4%
Minor International Public Co Ltd 16.50 15.80 4.4%
S Hotels and Resorts Public Company Limited 1.62 1.44 12.5%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 8.04 8.80 -8.6%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 2.88 3.08 -6.5%
Guangzhou Dong Fang Hotel Co Ltd 6.03 6.24 -3.4%
Huazhu Group Limited 29.17 29.89 -2.4%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 12.82 12.06 6.3%
Regal Hotels International Holdings Ltd 3.04 3.23 -5.9%
Sino Hotels Holdings Ltd 2.60 2.71 -4.1%
The Hong Kong & Shanghai Hotels Ltd 6.22 6.11 1.8%
Shangri-La Asia Limited 5.17 5.70 -9.3%
National Stock Exchange (INR)
Chalet Hotels Ltd 199.50 210.70 -5.3%
IHCL (Taj Hotels, Resorts & Palaces) 72.0 78.3 -8.0%
EIH (Oberoi Hotels & Resorts) 65.8 66.6 -1.3%
Hotel Leela Ventures 5.9 5.9 0.0%
Lemon Tree Hotels Ltd 21.8 23.2 -6.0%
Korea Exchange (KRW)
The Shilla 67000 70900 -5.5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.30 0.33 -7.7%
ARA Htrust (US$) 0.32 0.32 0.0%
Ascott Residence Trust 1.33 1.33 0.0%
Banyan Tree Holdings Limited 0.26 0.25 6.1%
CDL Hospitality Trusts 0.71 0.80 -10.7%
Eagle Htrust 0.14 0.14 0.0%
Far East Hospitality Trust 0.38 0.41 -6.2%
Frasers Hospitality Trust 0.36 0.40 -10.1%
Hotel Grand Central Ltd 0.88 0.94 -6.4%
Hotel Properties Ltd 2.74 2.82 -2.8%
Mandarin Oriental International Ltd (US$) 1.30 1.31 -0.8%
Stamford Land Corporation Ltd 0.31 0.34 -10.3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 108.0 113.5 -4.8%
The Ambassador Hotel, Ltd 24.8 25.1 -1.4%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 27310 31200 -12.5%
Imperial Hotel, Ltd 1480 1498 -1.2%
Red Planet Japan Inc 46 51 -9.8%

S Hotels & Resorts Pushes Forward with Business Expansion

Despite the recent challenging landscape, Thailand-based BKK-listed S Hotels & Resorts Public Company Limited (“SHR”), a subsidiary of Thailand-based Singha Estate Public Company Limited, continues to push forward with new investments and grow its hotel business according to its 2020 expansion strategies as it aims to double its hospitality portfolio to 80 hotels with over 8,000 rooms by 2025. In order to induce the MICE demand, SHR proceeded on its plan to build a multi-purpose meeting hall with a capacity of 350 delegates in the 255-key Outrigger Laguna Phuket Beach Resort. It also entered a joint venture partnership with Eco World Developer Private Limited (“EWD”), a big conglomerate from Myanmar, to develop high-end lifestyle resort comprising of 80 water villas located on Island 3, a part of the CROSSROADS Maldives project. The construction is expected to begin this year and will be completed in 2022.

For the latest in the hospitality industry, please visit: http://www.hvs.com/. You are also welcome to contact the following personnel.
Hok Yean Chee, Regional President – HVS Asia Pacific [email protected]
Mandeep S. Lamba, President, South Asia – HVS Anarock [email protected]
Daniel J Voellm, Managing Partner – HVS Hong Kong [email protected]
Mei Leng Ho, Senior Vice President – HVS Singapore [email protected]
Steven Zhu, Vice President – HVS Shanghai [email protected]
Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific [email protected]

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