HVS Asia Pacific Hospitality Newsletter - Week Ending 27 April 2018 (April 27, 2018)

Be in the Know With the New Regional HVS Asia Pacific Hospitality Newsletter

The HVS Asia Pacific Hospitality Newsletter is a weekly collection of tourism and hospitality-related publications and news that will allow the reader to be regularly updated about the industry. It also includes the latest news and information about upcoming conferences, events, and seminars.

Click Here to Subscribe!

HVS also offers newsletters in other regions:
•    Europe Hotel Transactions Bulletin
•    Middle East and Africa Market Intelligence
•    Americas Hospitality Newsletter

To ensure that you continue to receive our e-News service, please click here to subscribe to one or more of the new publications. These will begin to arrive after May 14th, when we will discontinue delivery of our Global Hospitality Report.

If you have any questions about HVS, its services and its policies, you can contact us here.

By selecting any one of our publications you are affirming your consent to be sent news, commentary and updates on the hospitality industry and on the services HVS offers. HVS will continue to maintain the highest standards of data-protection, and we will never share your personal information with any third party. You can read our full privacy policy here.

AccorHotels Debuts Fairmont Brand in the Maldives

France-based Accor S.A. (“AccorHotels”) has debuted its Fairmont brand in the Maldives with the opening of Fairmont Maldives Sirru Fen Fushi. Located on Gaakoshibee island, Shaviyani Atoll, which boasts one of the country’s largest resort lagoons, the property marks Fairmont’s entry to the Maldives and AccorHotels’ third development in the Maldives since its entry to the country in 2017. Fairmont Maldives Sirru Fen Fushi is an all-villa resort that offers 112 villas, ranging from one-bedroom villas to three-bedrooms villas as well as tented jungle villas, each with a private pool. Its four food and beverage (F&B) outlets range from all-day dining, fine-dining, Japanese restaurant & bar, as well as an all-bamboo bar called Onu Onu. The resort also features a spa with a 2,000-square-metre wellness area, a kids’ club, and teen town for young adult guests.

Marriott Opens 386-key Westin Perth in Australia

Marriott International (“Marriott”) has debuted its Westin brand in Perth, Australia. Housed within a 28-storey tower, the 386-key Westin Perth sits within the crown of Hibernian Place, a new A$500 million dining and leisure precinct developed by the Buckeridge family’s BGC Group on the former Perth Fire Station site. Westin Perth will provide 386 guestrooms and suites, the city’s largest ballroom at 800 square metres, a day spa, a fitness centre, a 20-metre infinity pool, and 2,000 pieces of Australian art. In addition, within the Hibernian Place complex, there are also a 2,000-square-metre outdoor plaza and other dining offerings including acclaimed chef Guy Grossi’s first restaurant outside Victoria, Garum. Westin Perth marks the first of five Marriott International’s luxury hotels to open in Australia and New Zealand in 2018. Following the Westin Perth will be the opening of 312-key W Hotel in Brisbane, 255-key Four Points by Sheraton in Auckland, 297-key Four Points by Sheraton in Sydney and 286-key Westin Brisbane.

Bvlgari Hotels & Resorts to Debut Hotel in Tokyo, Japan in 2022

Bvlgari Hotels & Resorts (“Bvlgari Hotels”) is set to make its first foray into Japan with the Bvlgari Hotel Tokyo, the brand’s ninth property worldwide and its fourth in Asia Pacific. While not exactly new to the Japan market with two existing Bvlgari restaurants operating in Osaka and Tokyo, Bvlgari Hotel Tokyo will represent the brand’s first hotel in the nation. An agreement has been reached with developer Mitsui Fudosan Co. Ltd., a leading global real estate company headquartered in Tokyo, to open the flagship Bvlgari Hotel within the large-scale, mixed-use development planned for the Tokyo Station area. Occupying the top seven floors, from 39th to 45th storeys, the hotel will offer 98 guestrooms with configurations consisting of mainly twin and double rooms, alongside luxury suites, and an extraordinary Bvlgari Suites. Other facilities will include Il Bar, Il Ristorante, the fireplace Lounge, Il Cioccolato store, a ballroom, 1,500 square-metre Bvlgari Spa, a fitness centre, and a 25-metre indoor pool. Slated to open in 2022, Bvlgari Hotel Tokyo will join the brand’s pipeline list which comprises of upcoming openings in Shanghai in 2018, and Moscow and Paris in 2020. 

South East Asia Hotel Investors’ Summit (SEAHIS)

HVS is proud to be a sponsor of the second South East Asia Hotel Investors’ Summit (SEAHIS), scheduled for May 14-15, 2018 at the Westin Grande Sukhumvit. Daniel Voellm, Managing Partner of HVS Asia Pacific will be moderating a session on Hotel Management Agreements titled “Is brand consolidation putting owners on the back foot again?”. Speakers will include Benjamin Hirasawa, Partner/Head of Hospitality, Asia Pacific of Clyde & Co Clasis Singapore; Andrew MacGeoch, Partner, Head of Asia Real Estate and Infrastructure – Global Head of Hotels Group of Berwin Leighton Paisner and Lim Boon Kwee, Chief Operating Officer of Dusit International. Chee Hok Yean, President of HVS Asia Pacific will be speaking on a panel with Malcolm Kerr, Director of KerrWood Limited (Hotel Asset Strategies) on the topic “Do investors really price in risk properly?”. Paola Orneli Bock and Pawinee Chaisiriroj from our Bangkok team will also be attending the event. HVS clients can contact them to receive the HVS discount. 

Absolute Share Price Performance, as on 27 April 2018

Closing Share Price as at 27 April 2018 20 April 2018 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 2.01 2.01 0.0%
Event Hospitality & Entertainment Ltd 13.90 13.80 0.7%
General Property Group 4.71 4.62 1.9%
Mirvac Group 2.18 2.16 0.9%
Mantra Group 3.95 3.94 0.3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 50.75 50.50 0.5%
Dusit Thani Public Co Ltd 10.50 10.40 1.0%
The Erawan Group Public Co Ltd 8.40 8.45 -0.6%
Grande Asset Hotels & Property Public Co Ltd 0.99 0.98 1.0%
Laguna Resorts & Hotel Public Co Ltd 37.00 39.00 -5.1%
Minor International Public Co Ltd 40.00 39.50 1.3%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 9.97 10.03 -0.6%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 3.50 3.59 -2.5%
Guangzhou Dong Fang Hotel Co Ltd 10.10 10.70 -5.6%
China Lodging Group Ltd 131.73 128.03 2.9%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 15.52 15.38 0.9%
Regal Hotels International Holdings Ltd 5.23 5.16 1.4%
Sino Hotels Holdings Ltd 3.44 3.38 1.8%
The Hong Kong & Shanghai Hotels Ltd 11.80 12.04 -2.0%
Shangri-La Asia Limited 15.02 15.26 -1.6%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 146.8 149.3 -1.7%
EIH (Oberoi Hotels & Resorts) 174.6 196.2 -11.0%
Hotel Leela Ventures 18.5 19.7 -6.1%
Korea Exchange (KRW)
The Shilla 110500 102500 7.8%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.52 0.53 -1.9%
Ascendas Hospitality Trust 0.80 0.82 -2.4%
Ascott Residence Trust 1.14 1.14 0.0%
Banyan Tree Holdings Limited 0.60 0.61 -1.6%
CDL Hospitality Trusts 1.75 1.71 2.3%
Far East Hospitality Trust 0.68 0.67 1.5%
Frasers Hospitality Trust 0.75 0.75 0.0%
Hotel Grand Central Ltd 1.57 1.56 0.6%
Hotel Properties Ltd 3.88 3.89 -0.3%
Mandarin Oriental International Ltd (US$) 2.40 2.45 -2.0%
OUE Hospitality Trust 0.81 0.82 -0.6%
Stamford Land Corporation Ltd 0.49 0.49 0.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 154.0 154.5 -0.3%
The Ambassador Hotel, Ltd 22.7 23.1 -1.5%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 81200 77200 5.2%
Imperial Hotel, Ltd 2221 2270 -2.2%
Red Planet Japan Inc 28 28 0.0%

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.