|
Sustainability in The Hospitality Industry: Working Towards "Travel Without a Footprint"
By Mandeep Lamba and Dipti Mohan
The hospitality sector has come a long way in adopting sustainable hotel operations and adopting eco-friendly hotel design and construction techniques will be the sector's next big step toward sustainability. Read on to know more.
To view and download the full article, please click here.
| |
|
CDL to Acquire Sofitel Brisbane Central Hotel for AUD178 Million
Singapore-based City Developments Limited (“CDL”) has agreed to acquire Sofitel Brisbane Central Hotel (“SBCH”) for AUD178 million from Canada-based Brookfield Corporation (“BC”). The 416-key property was built in 1984 and has been under the control of BC since 2012. Located along Turbot Street, SBCH features six food and beverage outlets, seven meeting facilities, a fitness centre, a spa and an outdoor pool. CDL executive chairman, Mr Kwek Leng Beng, mentioned that this acquisition marks the group’s entry into Brisbane Hospitality sector and it being one of the key hospitality markets in Australia. This marks the largest single asset hotel transaction in Brisbane.
| |
|
KKR is Set to Acquire Hyatt Regency Tokyo
USA-based private equity firm Kohlberg Kravis Roberts & Co. L.P. (“KKR”) is set to acquire the Hyatt Regency Tokyo from Japan-based Odakyu Electric Railway Co., Ltd (“OER”) for an undisclosed sum. The railway operator is expected to record a gain of about JPY50 billion post sale. The 746-key Hyatt Regency Tokyo is located in the thriving business, shopping and entertainment district of Shinjuku and is a nine-minute walk from Shinjuku Station. The subject site consists of six food and beverage offerings, a fitness centre, a spa, club lounge and 18 meeting rooms.
| |
|
Japan Hotel REIT Investment Corporation to Acquire Sotetsu Fresa Inn Shimbashi-Karasumoriguchi
Japan-based Japan Hotel REIT Investment Corporation (“JHR”) is set to acquire the 220-key Sotetsu Fresa Inn Shimbashi-Karasumoriguchi (“SFISK”) in Tokyo via their asset management arm Japan Hotel REIT Advisors Co., Ltd. The acquisition price has yet to been confirmed, but the anticipated acquisition price will be JPY8.4 billion. The SFISK is only a four-minute walk from Shimbashi station and is in the heart of Tokyo’s commercial district. JHR believes with the planned Urban Redevelopment Project of Shimbashi Station West Exit District directly adjacent to the property, will undoubtedly increase the overall attractiveness of its surroundings and further drive tourism. The SFISK which sits on a 5,476 square metres site consists of a convenience store, a café which serves breakfast, vending machines, and launderette.
| |
|
Central Pattana Plc Announces Four More Mega Mixed-use Projects in the Pipeline
Thailand-based retail property developer Central Pattana Plc (“CPN”) plans to develop four more mega mixed-used projects over the next five to ten years, through joint ventures and own investments. Each mixed-used project is set to be developed on at least 40,000 square metres plots of land, with each project having a total gross floor area of more than 350,000 square metres with a budget of more than THB20 billion. CPN began developing its first mega mixed-use project over the past seven years with the Dusit Central Park project (“DCP”), through a joint venture with Thailand-based Dusit International hospitality group which is slated to open between 2024 and 2025. The DCP project will consist of a 259-key Dusit Thani Bangkok and the serviced apartment Dusit Residences. CPN has also announced it would spend THB4.5 billion to develop Central Krabi, a project with a concept of “New Gateway to Southern Paradise”, which will consist of a mall, residential offerings and a hotel with an unannounced brand.
| |
Absolute Share Price Performance, as of 24 March 2023 | |
| Closing Share Price | 24 March 2023 | 17 March 2023 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.48 | 1.59 | -6.9%
| | Event Hospitality & Entertainment Ltd | 12.05 | 11.76 | 2.5%
| | General Property Group | 4.19 | 4.31 | -2.7%
| | Mirvac Group | 2.09 | 2.12 | -1.4%
| | |
| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 57.25 | 54.25 | 5.5%
| | Dusit Thani Public Co Ltd | 11.50 | 11.70 | -1.7%
| | The Erawan Group Public Co Ltd | 5.05 | 4.96 | 1.8%
| | Grande Asset Hotels & Property Public Co Ltd | 0.24 | 0.22 | 9.1%
| | Laguna Resorts & Hotel Public Co Ltd | 37.75 | 34.25 | 10.2%
| | Minor International Public Co Ltd | 32.75 | 32.00 | 2.3%
| | S Hotels and Resorts Public Company Limited | 4.26 | 4.18 | 1.9%
| | |
| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 10.06 | 9.78 | 2.9%
| | |
| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 5.17 | 5.03 | 2.8%
| | Guangzhou Lingnan Group Holdings Company Limited | 11.40 | 11.03 | 3.4%
| | |
| Huazhu Group Limited | 47.49 | 47.44 | 0.1%
| | |
| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 11.78 | 11.80 | -0.2%
| | Regal Hotels International Holdings Ltd | 3.15 | 3.20 | -1.6%
| | Sino Hotels Holdings Ltd | 2.25 | 2.10 | 7.1%
| | The Hong Kong & Shanghai Hotels Ltd | 7.84 | 7.86 | -0.3%
| | Shangri-La Asia Limited | 6.90 | 7.33 | -5.9%
| | |
| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 361.15 | 366.50 | -1.5%
| | IHCL (Taj Hotels, Resorts & Palaces) | 310.45 | 320.75 | -3.2%
| | EIH (Oberoi Hotels & Resorts) | 155.85 | 162.85 | -4.3%
| | Hotel Leela Ventures | 9.10 | 10.00 | -9.0%
| | Lemon Tree Hotels Ltd | 73.60 | 78.00 | -5.6%
| | |
| The Shilla | 78,500 | 75,100 | 4.5%
| | |
| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.32 | 0.32 | -1.6%
| | ARA Htrust (US$) | 0.36 | 0.38 | -4.0%
| | Ascott Residence Trust | 1.00 | 1.01 | -1.5%
| | Banyan Tree Holdings Limited | 0.35 | 0.34 | 1.5%
| | CDL Hospitality Trusts | 1.16 | 1.19 | -2.5%
| | Eagle Htrust | 0.14 | 0.14 | na
| | Far East Hospitality Trust | 0.59 | 0.60 | -1.7%
| | Frasers Hospitality Trust | 0.46 | 0.45 | 1.1%
| | Hotel Grand Central Ltd | 0.89 | 0.88 | 0.6%
| | Hotel Properties Ltd | 3.55 | 3.56 | -0.3%
| | Mandarin Oriental International Ltd (US$) | 1.78 | 1.84 | -3.3%
| | Stamford Land Corporation Ltd | 0.40 | 0.40 | -1.3%
| | |
| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 279.00 | 272.00 | 2.6%
| | The Ambassador Hotel, Ltd | 35.10 | 35.55 | -1.3%
| | |
| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 68,100 | 71,800 | -5.2%
| | Imperial Hotel, Ltd | 1,923 | 1,918 | 0.3%
| | Red Planet Japan Inc | 32 | 31 | 3.2%
| | |
Superior Results through Unrivaled Hospitality Intelligence. Everywhere.
| |
|
Stay current. Click here to receive free HVS newsletters
Looking for insights into the hospitality industry?
Discover unique hospitality intelligence at hvs.com/publications
Interested in a particular market?
Find hundreds of market overviews, all written by HVS experts, at hvs.com/marketreviews
Like to be in the know on hotel trends and predictions?
See our Hotel Valuation Index for dozens of cities at hvi.hvs.com
HVS.com
| |
|
Copyrights © 2023 All Rights Reserved by HVS
Privacy Policy
Sent By: HVS Asia Pacific
If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.
| | | | |
