HVS Asia Pacific Hospitality Newsletter - Week Ending 3 February 2017 (February 3, 2017)

Minor Hotels Debuts in India with the Oaks Bodhgaya in Bodhgaya, Bihar, India

Minor Hotels marked its debut in India with the opening of the Oaks Bodhgaya in Bodhgaya, Bihar. Developed in partnership with GP Group and Top Travel & Tours for US$6.7 million, the hotel is situated seven kilometres south of Bihar’s Gaya International Airport. The Oaks Bodhgaya offers 78 rooms with base category rooms measuring approximately 30m2, an all-day dining restaurant, a 160-square-meter meeting room, a fitness centre and a rooftop space for meditation. Bodhgaya is one of the four pilgrimage sites related to the life of Gautam Buddha alongside Kushinagar, Lumbini and Sarnath, and is, therefore, one of the most popular pilgrimage sites in South East Asia.

G6 Hospitality Signs Development Agreement with Auromatrix Holdings Pvt. Ltd. for India Expansion

G6 Hospitality signed an area development agreement with Chennai-based Auromatrix Holdings Pvt. Ltd. for expanding its portfolio in India. As per the agreement, the partnership will comprise a total of 40 hotels in India by 2022 under the brands Hotel 6, Motel 6 and Studio 6. As per G6 Hospitality, Hotel 6, Motel 6 and Studio 6 operations in the country are designed to suit the specific needs of travelers in India. Auromatrix is a commercial hotel developer, hotel and resort owner and management operator in India while G6 Hospitality currently operates over 1,350 properties across the Americas. 

Park Hotel Group’s Latest Brand to Debut in Singapore

Destination – a select service, midscale brand by Park Hotel Group will open its first hotel in Singapore by the second quarter of 2017. It will be the hotel company’s third brand in the portfolio, which aims to deliver affordable and quality accommodation in central locations. Destination Singapore Beach Road, Park Hotel Group’s sixth hotel in Singapore, was recently signed under a hotel management contract with FG Property No. 1 Pte Ltd whose parent company is Master Contract Services Pte Ltd – a recognized entity in Singapore’s property development and construction industry. The 300-room hotel will be in close proximity to cultural areas such as Haji Lane and Arab Street as well as the Central Business District and Marina Bay area, making the hotel’s location advantageous for business and leisure travellers. This year, Park Hotel Group is also expected to open another three hotels in Singapore, Maldives and Seoul.

Hard Rock International Takes Interests to Japan

On 30 January 2017, Hard Rock International announced the launch of Hard Rock Japan LLC to back the company’s expansion plans in Asia. With the recent green light given to Japan’s Integrated Resorts Promotion Bill and the company’s strong history of developing and managing distinguished entertainment and hospitality properties globally, Hard Rock International strives to be a major competitor in bidding for resort licenses. The brand is familiar to the local market through its first Japanese café in Tokyo in partnership with WDI Group in 1983. Currently, the group has six Hard Rock Café locations in operation, 24 hotels and 11 casinos around the globe.  

Tauzia Hotel Management Launches New Hotel Brand: Harris Vertu

Harris Vertu Hotels – the sixth brand of Indonesia’s Tauzia Hotel Management will focus on technology. The new concept will provide hotel guests with multi-purpose lobby areas, inclusive of a business centre and lounge. Harris Vertu is aimed to target the modern, savvy business and leisure travelers by delivering customer experience through heightened level of comfort, convenience and efficiency in a new, friendly and social atmosphere. The flagship hotel of the brand will be located in Central Jakarta. The Vertu Rooms and Vertu Suites are expected to be approximately 36 square metres and 56 square metres in size, respectively. Tauzia Hotel Management plans to expand the brand overseas by 2019 aimed to strengthen the company’s presence worldwide.

IHG Opens the Crowne Plaza Vientiane Hotel in Laos

InterContinental Hotels Group announced the opening of Crowne Plaza Vientiane Hotel on 1 Feb 2017. Owned by BIM Group and located 10-minute drive from Wattay International Airport, Crowne Plaza Vientiane is the first international branded hotel in the capital city offering quality accommodation and a comprehensive range of facilities to meet the needs of business and leisure travelers to Laos. The hotel features 197 rooms, two restaurants, a bar, a ballroom and six fully-equipped meeting spaces, a swimming pool and fitness center. 

Owners and Operators on the ‘Hot Seat’ at THINC Sri Lanka 2017

 With just two weeks to go, THINC Sri Lanka gears up for its 2nd edition in the capital city of Colombo. Expertly tailored by HVS, THINC Sri Lanka follows in HVS' tradition of organizing leading hotel conferences around the world and promises to live up to the reputation, once again, by creating an exceptional forum for knowledge-sharing, networking and collaboration. Among the many highlights at this year’s conference is the ‘Hot Seat: Owner – Operator Connect’. This concluding session at THINC Sri Lanka 2017 promises to entice and entertain, as panelists meet head-on to address critical questions about the alignment of owner and operator expectations (or the lack of it). To be moderated by HVS’ Chairman Asia Pacific and hot-seat specialist – Manav Thadani, the panel has strong representations from ownership groups and global hotel brands, namely Ama Maliduwapathirana, Director, Southern Group of Companies; Malinga Arsakularatne, MD, Leisure Travel & Aviation Group and Executive Director, Hemas Holdings; Sanjeev Gardiner, Group Chairman, The Galle Face Hotel Group; Shantha De Silva, Head - SW Asia, InterContinental Hotels Group, and William Costley, VP Operations - SE Asia & India, Hilton Worldwide.

Absolute Share Price Performance, as on 3 February 2017

Closing Share Price as at 3 Feb 2017 27 Jan 2017 % Change
Australia Stock Exchange (ASX)
Event Hospitality and Entertainment Ltd 14.47 14.15 2.3%
General Property Group 4.64 4.69 -1.1%
Mirvac Group 2.05 2.02 1.5%
Mantra Group 2.88 2.79 3.2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.5 37.75 -0.7%
Dusit Thani Public Co Ltd 9.85 10 -1.5%
The Erawan Group Public Co Ltd 4.44 4.52 -1.8%
Grande Asset Hotels and Property Public Co Ltd 0.85 0.84 1.2%
Laguna Resorts & Hotel Public Co Ltd 27.5 26.25 4.8%
Minor International Public Co Ltd 34.5 35.25 -2.1%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 14.57 14.3 1.9%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 7.47 7.34 1.8%
Guangzhou Dong Fang Hotel Co Ltd 14.95 14.38 4.0%
China Lodging Group Ltd 54.52 53.42 2.1%
Home Inns & Hotels Management Inc 35.71 35.71 0.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.18 16.6 -2.5%
Regal Hotels International Holdings Ltd 4.26 4.26 0.0%
Sino Hotels Holdings Ltd 2.67 2.67 0.0%
The Hong Kong & Shanghai Hotels Ltd 8.61 8.68 -0.8%
Shangri-La Asia Limited 8.78 8.65 1.5%
Dorsett Hospitality International 1.54 1.54 0.0%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 112 109.55 2.2%
EIH (Oberoi Hotels & Resorts) 101.1 99.05 2.1%
Hotel Leela Ventures 16.7 16.55 0.9%
Korea Exchange (KRW)
The Shilla 43250 45850 -5.7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.41 0.4 2.5%
Ascendas Hospitality Trust 0.75 0.725 3.4%
Ascott Residence Trust 1.14 1.19 -4.2%
Banyan Tree Holdings Limited 0.495 0.5 -1.0%
CDL Hospitality Trusts 1.39 1.42 -2.1%
Far East Hospitality Trust 0.6 0.6 0.0%
Frasers Hospitality Trust 0.665 0.665 0.0%
Hotel Grand Central Ltd 1.39 1.39 0.0%
Hotel Properties Ltd 3.67 3.71 -1.1%
Mandarin Oriental International Ltd (US$) 1.25 1.25 0.0%
OUE Hospitality Trust 0.685 0.68 0.7%
Stamford Land Corporation Ltd 0.515 0.505 2.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 166 166.5 -0.3%
The Ambassador Hotel, Ltd 23.35 23.4 -0.2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 78600 78100 0.6%
Imperial Hotel, Ltd 2080 2090 -0.5%
Red Planet Japan Inc 32 32 0.0%


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