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Awashima Hotel to be Acquired by SIS International Holdings Limited
The 60-key Awashima Hotel in Numazu, Japan is set to be acquired by Hong Kong-based SIS International Holdings Limited for JPY800 million, roughly translating to JPY13 million per key. Situated on a piece of leasehold land, the Awashima Hotel is set on a private island in Suruga Bay and is two-kilometre from Mito Beach and five-kilometre from Izunokuni Panorama Park. The property includes three restaurants, open-air public bath with natural hot spring water, concert hall, wine cellar and conference facilities.
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GDI Property Group to Acquire South Hedland Motel for AUD27 Million
Australia-based GDI Property Group Limited, Australia-based GDI Property Trust, and Australia-based Tulla Group have entered into a call option to acquire the South Hedland Motel (“SHM”) and its accompanying Lodge Motel (“LM”) for AUD27 million. Located in the heart of South Hedland, West Australia, the two properties are only 10 minutes away from the Port Hedland International Airport. SHM comprises approximately 107 rooms, and the LM 135 rooms, with the ability to add up to another 40 rooms at the SHM site. The two properties feature one food and beverage outlet, an outdoor swimming pool, and several function rooms. Over the last 15 years, both motels have generated an average EBITDA of approximately AUD6.7 million, with 2022 reported EBITDA of AUD9.7 million.
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Hong Kong and Macau to Offer Free Air Tickets to Accelerate Tourism
Hong Kong and Macau is planning to distribute free air tickets this year through a partnership with airlines, in the hopes of accelerating tourism. Hong Kong will give away 500,000 tickets as part of the HKD2 billion ‘Hello Hong Kong Campaign’; while Macau will distribute 120,000 tickets to promote the region. The two Special Administrative Regions have also included additional activities and schemes such as cash vouchers, shopping discounts, and hotel accommodation offers. Hong Kong aims to lure more than 1.5million visitors to Hong Kong through this campaign between March and September this year.
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Makris Group Plans to Redevelop Mirage Marina Shopping Centre into a Mixed-use Development
Australia-based Makris Group has submitted plan to redevelop Gold Coast’s Mirage Marina shopping centre into a mixed-use development that includes a 110-key boutique hotel, retail, and 90 luxury apartments for AUD500 million. The site is located next to the 295-key Sheraton Grand Mirage Resort Gold Coast and 200-key Palazzo Versace. The Makris Group acquired the shopping centre in 2013 for AUD52 million, and they have already developed a 76-berth marina for super yachts up to 85 metres in size and the HOPO ferry terminal. The entire redevelopment plan is deemed to start in first quarter of 2024 with completion in 2026.
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Singapore’s Parc Sovereign Hotel – Tyrwhitt Rebranded as Mercure
Singapore’s former Parc Sovereign Hotel – Tyrwhitt has rebranded as Mercure Singapore Tyrwhitt. Situated on Tyrwhitt Road, the property is just minutes away from the Bendemeer and Lavender MRT station. The 270-key rebranded property is designed to reflect industrial workshops of the 1950s, and features two food and beverage outlets, a rooftop swimming pool, a wading pool, a fitness centre, a meeting room, and a car park. This is the third Mercure hotel in Singapore, as well as Accor’s 28th Property in Singapore.
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Absolute Share Price Performance, as of 10 February 2023 | |
| Closing Share Price | 10 February 2023 | 7 February 2023 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.71 | 1.74 | -1.4%
| | Event Hospitality & Entertainment Ltd | 13.71 | 14.43 | -5.0%
| | General Property Group | 4.50 | 4.76 | -5.5%
| | Mirvac Group | 2.27 | 2.44 | -7.0%
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| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 56.00 | 52.75 | 6.2%
| | Dusit Thani Public Co Ltd | 12.60 | 12.80 | -1.6%
| | The Erawan Group Public Co Ltd | 4.80 | 4.78 | 0.4%
| | Grande Asset Hotels & Property Public Co Ltd | 0.26 | 0.24 | 8.3%
| | Laguna Resorts & Hotel Public Co Ltd | 33.75 | 34.00 | -0.7%
| | Minor International Public Co Ltd | 34.00 | 33.75 | 0.7%
| | S Hotels and Resorts Public Company Limited | 4.44 | 4.50 | -1.3%
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| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 10.72 | 9.90 | 8.3%
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| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 5.62 | 5.29 | 6.2%
| | Guangzhou Lingnan Group Holdings Company Limited | 12.14 | 11.03 | 10.1%
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| Huazhu Group Limited | 51.00 | 46.68 | 9.3%
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| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 12.08 | 12.26 | -1.5%
| | Regal Hotels International Holdings Ltd | 3.34 | 3.36 | -0.6%
| | Sino Hotels Holdings Ltd | 2.18 | 2.18 | 0.0%
| | The Hong Kong & Shanghai Hotels Ltd | 8.74 | 8.93 | -2.1%
| | Shangri-La Asia Limited | 8.26 | 7.50 | 10.1%
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| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 360.20 | 361.75 | -0.4%
| | IHCL (Taj Hotels, Resorts & Palaces) | 323.75 | 318.25 | 1.7%
| | EIH (Oberoi Hotels & Resorts) | 171.85 | 166.95 | 2.9%
| | Hotel Leela Ventures | 10.95 | 10.15 | 7.9%
| | Lemon Tree Hotels Ltd | 77.00 | 75.40 | 2.1%
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| The Shilla | 83,200 | 80,200 | 3.7%
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| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.35 | 0.35 | -1.4%
| | ARA Htrust (US$) | 0.38 | 0.39 | -2.6%
| | Ascott Residence Trust | 1.09 | 1.13 | -3.5%
| | Banyan Tree Holdings Limited | 0.36 | 0.37 | -4.1%
| | CDL Hospitality Trusts | 1.28 | 1.39 | -7.9%
| | Eagle Htrust | 0.14 | 0.14 | na
| | Far East Hospitality Trust | 0.67 | 0.68 | -1.5%
| | Frasers Hospitality Trust | 0.48 | 0.50 | -4.0%
| | Hotel Grand Central Ltd | 0.90 | 0.90 | -0.6%
| | Hotel Properties Ltd | 3.55 | 3.58 | -0.8%
| | Mandarin Oriental International Ltd (US$) | 1.89 | 1.91 | -1.0%
| | Stamford Land Corporation Ltd | 0.40 | 0.40 | 0.0%
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| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 258.00 | 253.50 | 1.8%
| | The Ambassador Hotel, Ltd | 32.50 | 32.20 | 0.9%
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| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 79,200 | 80,300 | -1.4%
| | Imperial Hotel, Ltd | 1,938 | 1,944 | -0.3%
| | Red Planet Japan Inc | 32 | 37 | -13.5%
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