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HVS Monday Musings: Airport Hotels: A Growing Trend in India

By Mandeep S Lamba and Dipti Mohan

Airport hotels have grown in popularity in recent years as airport infrastructure in India has improved. Continue reading to learn more.


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Sydney’s Sir Stamford Hotel was Acquired for AUD210 Million

US-based JDH Capital has acquired Sydney’s Sir Stamford at Circular Quay Hotel from Singapore-based Stamford Land Corporation Ltd (“Stamford”) for AUD210 million. The 10-storey hotel, which is located next to the Sydney Opera House and Royal Botanical Gardens, features 105 guest rooms including 15 suites, two food and beverage outlets, one meeting room, an outdoor heated pool and sundeck, a fitness centre, and a sauna. JDH Capital will redevelop the site into a luxury residential project, capitalising on the Macquarie Street location and the views. Stamford will now and operate five hotels in Australia and one in New Zealand after this divestment.

UDA Holdings Bhd has Acquired a Hotel in Bukit Bintang City Centre Development for MYR295 million

Malaysia-based UDA Holdings Bhd (“UDA”) has acquired a hotel building within the Bukit Bintang City Centre (“BBCC”) development in Kuala Lumpur for MYR295 million. The hotel component of BBCC is expected to be completed and handed over to UDA by second half of 2024. The 450-key property will feature one-, two- and three-bedroom apartments. The hotel is situated above the entertainment hub of BBCC, providing easy access to the Zepp concert hall, Golden Screen Cinemas and Grand Bazaar. The Chairman of UDA, Datuk Norliza Abdul Rahim, mentioned that this transaction will boost UDA’s hospitality business, AnCasa Hotels and Resort. 

Habitat Hotels and Apartments has Acquired Hotel DeBrett in Central Auckland

New Zealand-based Habitat Hotels and Apartments (“HHA”) have announced the purchase of Hotel DeBrett Auckland at an undisclosed sum. Situated on High Street, the 25-key hotel is in close proximity to Britomart, lower Queen Street, and the city waterfront. The property was constructed almost two centuries ago and was opened as the first hotel in Auckland. The historical building currently delivers an exceptional boutique guest experience in an art deco environment. It features three food and beverage outlets, and four meeting spaces. This property is the first property in the HHA portfolio, and it will be rebranded as Ohtel under the New Zealand-based Village Accommodation Group.

Singapore is Resuming the Construction Work of Changi Airport’s Terminal 5

Singapore is resuming Changi Airport’s terminal 5 construction work, after a two-year pause due to the COVID-19 pandemic. The terminal 5 will be located within the 1,080 hectares Changi East development, and construction is expected to start in about two years for the terminal to be operational in the mid-2030s. After completion, terminal 5 of Changi Airport will be serving 50 million passengers a year, more than terminal 1 and terminal 3 put together. The new terminal will also be greener and more energy-efficient, with autonomous vehicles and robotics to support cargo transport and baggage handling. The Changi East Urban District will be developed next the terminal 5, creating more jobs and opportunities for Singaporeans

Absolute Share Price Performance, as of 26 August 2022

Closing Share Price

26 August 2022

19 August 2022

% Change

Australia Stock Exchange (ASX)

Elanor Investors Group

1.85

1.79

3.4%

Event Hospitality & Entertainment Ltd

14.42

15.55

-7.3%

General Property Group

4.13

4.21

-1.9%

Mirvac Group

2.05

2.16

-5.1%

Bangkok Stock Exchange (THB)

Central Plaza Hotel Public Co Ltd

44.00

43.75

0.6%

Dusit Thani Public Co Ltd

11.50

11.00

4.5%

The Erawan Group Public Co Ltd

3.82

3.82

0.0%

Grande Asset Hotels & Property Public Co Ltd

0.22

0.22

0.0%

Laguna Resorts & Hotel Public Co Ltd

31.00

31.00

0.0%

Minor International Public Co Ltd

33.00

33.50

-1.5%

S Hotels and Resorts Public Company Limited

4.20

4.12

1.9%

China Shanghai Stock Exchange (RMB)

Jinling Hotel Corporation Ltd

7.66

7.65

0.1%

China Shenzhen Stock Exchange (RMB)

Huatian Hotel Group Co.,Ltd.

3.97

3.80

4.5%

Guangzhou Lingnan Group Holdings Company Limited

9.10

9.00

1.1%

NASDAQ (US$)

Huazhu Group Limited

41.51

38.93

6.6%

Hong Kong Stock Exchange (HK$)

Miramar Hotel & Investment Co Ltd

13.30

13.22

0.6%

Regal Hotels International Holdings Ltd

3.28

3.23

1.5%

Sino Hotels Holdings Ltd

1.90

1.90

0.0%

The Hong Kong & Shanghai Hotels Ltd

7.16

7.21

-0.7%

Shangri-La Asia Limited

6.28

6.29

-0.2%

National Stock Exchange (INR)

Chalet Hotels Ltd

334.50

336.75

-0.7%

IHCL (Taj Hotels, Resorts & Palaces)

275.50

270.10

2.0%

EIH (Oberoi Hotels & Resorts)

160.80

152.80

5.2%

Hotel Leela Ventures

9.90

10.15

-2.5%

Lemon Tree Hotels Ltd

70.45

70.75

-0.4%

Korea Exchange (KRW)

The Shilla

70,500

71,400

-1.3%

Singapore Stock Exchange (S$)

Amara Holdings Ltd

0.34

0.35

-2.9%

ARA Htrust (US$)

0.47

0.48

-3.1%

Ascott Residence Trust

1.11

1.14

-2.6%

Banyan Tree Holdings Limited

0.30

0.30

1.7%

CDL Hospitality Trusts

1.25

1.28

-2.3%

Eagle Htrust

0.14

0.21

na

Far East Hospitality Trust

0.62

0.64

-2.4%

Frasers Hospitality Trust

0.71

0.70

0.7%

Hotel Grand Central Ltd

0.98

0.99

-1.0%

Hotel Properties Ltd

3.48

3.52

-1.1%

Mandarin Oriental International Ltd (US$)

1.97

1.97

0.0%

Stamford Land Corporation Ltd

0.39

0.37

5.4%

Taiwan Stock Exchange (NT$)

Formosa International Hotels Corporation

167.50

166.50

0.6%

The Ambassador Hotel, Ltd

32.85

32.80

0.2%

Tokyo Stock Exchange (JPY)

Japan Hotel REIT Investment Corp.

68,900

69,400

-0.7%

Imperial Hotel, Ltd

1,814

1,820

-0.3%

Red Planet Japan Inc

42

51

-17.6%

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 hychee@hvs.com


Mandeep S. Lamba, President, South Asia – HVS Anarock mlamba@hvs.com


Mei Leng Ho, Senior Vice President – HVS Singapore mlho@hvs.com


Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific fkittler@hvs.com

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