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HVS Monday Musings: Indian Hotel Sector – Brand Signings in 2022
By Mandeep S Lamba and Dipti Mohan
This article discusses the key trends in hotel brand signings witnessed in the Indian hotel sector in 2022.
To view and download the full article, please click here.
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Hoshino REIT is Acquiring The B Asakusa for JPY5.6 Billion
Japan-based Hoshino Resorts REIT, Inc. (“Hoshino REIT”) is acquiring The B Asakusa in Tokyo for JPY5.6 billion from Japan-based Mitsubishi Estate Co., Ltd.. Located in front of the Asakusa Station, the 166-key property is just 4-minute away from the famous temple Sensoji. The property is located on a 728 square metres land lot with a total floor area of 5,244 square metres. The property will be leased out with an annual fixed rental income of JPY132 million.
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Melbourne’s Lygon Lodge was Acquired for AUD17.4 Million
A China-Based hotel operator has acquired Lygon Lodge from a family for AUD17.4 million. The 60-key property is situated 500 metres north of Melbourne, in one of Melbourne’s best-known retail and hospitality precincts, with the University and Medical Precinct in immediate proximity. The 1,019 square metres site also comprises two large, licensed restaurants on the ground floor. With a 50-year operation history, Lygon Lodge was an outstanding opportunity for any hotel operator, investor or developer, be it leaving the hotel as it is or refurbishing throughout.
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SUGGEST’s New-Built Hotel Sold in Atami, Japan
HOTEL MAGNET (Tentative Name) by Japan-based SUGGEST CO., LTD (“SUGGEST”) has been recently transacted at an undisclosed sum. The property located in Atami, Japan sits on a site of 525 square metres, and with a gross floor area of 2,294 square metres. The hotel was designed as a reimagined roadside hotel and consists of 33 luxurious guest rooms with ocean views, a hot spring bath in the basement floor, and a parking space. The hotel is ideal for both business and leisure use, as it is situated in an area that is easily accessible from Tokyo.
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Dusit International is Set to Expand its Global Footprint
Thailand-based Dusit International (“DI”) has announced its plan to expand its portfolio of international properties. DI is opening 14 new properties across Asia, Africa, and Asia this year, including the Dusit Suites Athens, DI first hotel in Europe, and Dusit Princess Hotel Residences Nairobi, a mixed-use project in Africa in March. DI is also introducing its brands to Japan this year by opening two hotels in Kyoto: ASAI Kyoto Shijo and Dusit Thani Kyoto. DI is expected to operate 62 hotels across 17 countries worldwide by the end of the year, with more than 60 properties in the pipeline.
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Absolute Share Price Performance, as of 05 May 2023 | |
| Closing Share Price | 05 May 2023 | 28 April 2023 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.71 | 1.62 | 5.6%
| | Event Hospitality & Entertainment Ltd | 11.99 | 12.01 | -0.2%
| | General Property Group | 4.43 | 4.41 | 0.5%
| | Mirvac Group | 2.36 | 2.41 | -2.1%
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| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 55.00 | 54.75 | 0.5%
| | Dusit Thani Public Co Ltd | 11.00 | 11.20 | -1.8%
| | The Erawan Group Public Co Ltd | 4.88 | 4.90 | -0.4%
| | Grande Asset Hotels & Property Public Co Ltd | 0.23 | 0.23 | 0.0%
| | Laguna Resorts & Hotel Public Co Ltd | 47.50 | 48.25 | -1.6%
| | Minor International Public Co Ltd | 33.25 | 31.50 | 5.6%
| | S Hotels and Resorts Public Company Limited | 3.48 | 3.48 | 0.0%
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| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 9.08 | 9.63 | -5.7%
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| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 4.53 | 4.88 | -7.2%
| | Guangzhou Lingnan Group Holdings Company Limited | 10.72 | 11.22 | -4.5%
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| Huazhu Group Limited | 45.06 | 46.90 | -3.9%
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| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 11.78 | 11.50 | 2.4%
| | Regal Hotels International Holdings Ltd | 3.10 | 3.10 | 0.0%
| | Sino Hotels Holdings Ltd | 2.09 | 2.09 | 0.0%
| | The Hong Kong & Shanghai Hotels Ltd | 7.72 | 7.69 | 0.4%
| | Shangri-La Asia Limited | 7.05 | 7.23 | -2.5%
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| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 377.95 | 384.10 | -1.6%
| | IHCL (Taj Hotels, Resorts & Palaces) | 358.70 | 339.10 | 5.8%
| | EIH (Oberoi Hotels & Resorts) | 185.45 | 188.75 | -1.7%
| | Hotel Leela Ventures | 11.35 | 10.80 | 5.1%
| | Lemon Tree Hotels Ltd | 90.65 | 88.05 | 3.0%
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| The Shilla | 84,100 | 81,500 | 3.2%
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| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.34 | 0.34 | 0.0%
| | ARA Htrust (US$) | 0.35 | 0.36 | -1.4%
| | Ascott Residence Trust | 1.09 | 1.08 | 0.9%
| | Banyan Tree Holdings Limited | 0.37 | 0.37 | 1.4%
| | CDL Hospitality Trusts | 1.23 | 1.26 | -2.4%
| | Eagle Htrust | 0.14 | 0.14 | na
| | Far East Hospitality Trust | 0.63 | 0.62 | 0.8%
| | Frasers Hospitality Trust | 0.49 | 0.48 | 2.1%
| | Hotel Grand Central Ltd | 0.90 | 0.90 | 0.0%
| | Hotel Properties Ltd | 3.56 | 3.55 | 0.3%
| | Mandarin Oriental International Ltd (US$) | 1.77 | 1.85 | -4.3%
| | Stamford Land Corporation Ltd | 0.40 | 0.40 | 0.0%
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| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 292.50 | 275.50 | 6.2%
| | The Ambassador Hotel, Ltd | 41.45 | 38.20 | 8.5%
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| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 78,500 | 76,800 | 2.2%
| | Imperial Hotel, Ltd | 1,994 | 1,982 | 0.6%
| | Red Planet Japan Inc | 30 | 29 | 3.4%
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