HVS APAC.jpg

HVS Monday Musings: Wildlife Tourism in India - The Roar Can Be Louder!

By Mandeep LambaDhwani Gupta, and Dipti Mohan

Indian wildlife Tourism is a promising and growing segment that can compete on the global stage with peers in Africa, Australia, and the US, by providing unique experiences to tourists and marketing it more effectively. Read on to know more.

 

To view and download the full article, please click here.

Ascot Acquires a Hotel in the Asakusa Area of Tokyo

Japan-based Ascot Co., Ltd.(“ACL”) has acquired a hotel in the Asakusa area of Tokyo’s Taito Ward. The acquisition is done through a special purpose company (SPC) in September 2022, and will be part of ACL private placement fund. The 13-storey property that was completed in June 2020 is located 4-minute walk away from the Tokyo Metro Asakusa Station. As of February 2023, ACL has won the Good Design Award for seven consecutive years, with a total of 18 developments. 

Hotel at Temple Street Hong Kong Sold for HKD88 Million

Tang Shing Bor Family has recently sold the hotel at 129-131 Temple Street, Hong Kong for HKD88 million. Located at Jordan, the property can be accessed on foot from the Austin MTR Station and the Hong Kong West Kowloon Station. The 18-storey property has a land area of 1,182 square feet and a gross floor area of 10,471 square feet. The 37-key property was previously leased to A3 Hotel and Paris Hotel, and currently is taken over by the LINKo Residence with a monthly rent of HKD230,000.

LHN Limited acquires Singapore Office block for SGD80 million for Co-Living Venture

Singapore-based LHN Limited (“LHN”) acquires the Singapore Commercial Office block for SGD80 million, at a 5.9% discount from the original asking price of SGD85 million. LHN’s co-living division Coliwoo has signed an agreement for the en-block purchase of the GSM Building opposite of the Nanyang Academy of Fine Arts at the corner of Waterloo Street and Middle Road. The 12,003 square-foot leasehold commercial site currently still has 59 years remaining on its lease. The project site is located at 141 Middle Road and is currently split into 31 strata-titled office spaces on the upper levels and two retail units on the ground floor. The site is within 10-minute walking distance of the Bencoolen, Bras Basah, and Bugis MRT stations and Singapore Management University. This is reportedly Coliwoo’s third purchase in the past six months, with the company planning to convert the assets into a mixed-use building with serviced apartments and commercial units. The property has been approved by Singapore’s Urban Redevelopment Authority (URA) for up to 50,411 square feet of floor area

The Inauguration of Project Hanimaadhoo International Airport Expansion

Maldives President Ibrahim Mohamed Solih and the Minister of External Affairs of the Republic of India, Dr Subrahmanyam Jaishankar has inaugurated the expansion project for Hanimaadhoo International Airport. The Hanimaadhoo International Airport development project (“HIADP”) has been awarded to India based JMC PROJECTS (INDIA) Ltd. for approximately USD136 million. Funded under the USD800 million concessional Line of Credit extended by the Government of India, HIADP will include a terminal with the capacity to cater for 1.3 million passengers per year and will have a 2.46 kilometre new runway, which is expected to be operational by 2024. President Solih mentioned that this mega project would see economic prosperity through increasing tourism facilities, drive job creation in the northern atolls, and transform the region into an economic hub.

Absolute Share Price Performance, as of 17 February 2023

Closing Share Price

17 February 2023

10 February 2023

% Change

Australia Stock Exchange (ASX)

Elanor Investors Group

1.72

1.71

0.6%

Event Hospitality & Entertainment Ltd

14.13

13.71

3.1%

General Property Group

4.65

4.50

3.3%

Mirvac Group

2.24

2.27

-1.5%

Bangkok Stock Exchange (THB)

Central Plaza Hotel Public Co Ltd

55.00

56.00

-1.8%

Dusit Thani Public Co Ltd

12.40

12.60

-1.6%

The Erawan Group Public Co Ltd

4.84

4.80

0.8%

Grande Asset Hotels & Property Public Co Ltd

0.24

0.26

-7.7%

Laguna Resorts & Hotel Public Co Ltd

34.00

33.75

0.7%

Minor International Public Co Ltd

33.50

34.00

-1.5%

S Hotels and Resorts Public Company Limited

4.48

4.44

0.9%

China Shanghai Stock Exchange (RMB)

Jinling Hotel Corporation Ltd

10.50

10.72

-2.1%

China Shenzhen Stock Exchange (RMB)

Huatian Hotel Group Co.,Ltd.

5.13

5.62

-8.7%

Guangzhou Lingnan Group Holdings Company Limited

11.65

12.14

-4.0%

NASDAQ (US$)

Huazhu Group Limited

49.22

51.00

-3.5%

Hong Kong Stock Exchange (HK$)

Miramar Hotel & Investment Co Ltd

11.92

12.08

-1.3%

Regal Hotels International Holdings Ltd

3.34

3.34

0.0%

Sino Hotels Holdings Ltd

2.10

2.18

-3.7%

The Hong Kong & Shanghai Hotels Ltd

8.15

8.74

-6.8%

Shangri-La Asia Limited

7.74

8.26

-6.3%

National Stock Exchange (INR)

Chalet Hotels Ltd

363.10

360.20

0.8%

IHCL (Taj Hotels, Resorts & Palaces)

317.90

323.75

-1.8%

EIH (Oberoi Hotels & Resorts)

162.95

171.85

-5.2%

Hotel Leela Ventures

11.00

10.95

0.5%

Lemon Tree Hotels Ltd

78.65

77.00

2.1%

Korea Exchange (KRW)

The Shilla

81,600

83,200

-1.9%

Singapore Stock Exchange (S$)

Amara Holdings Ltd

0.35

0.35

0.0%

ARA Htrust (US$)

0.38

0.38

0.0%

Ascott Residence Trust

1.05

1.09

-3.7%

Banyan Tree Holdings Limited

0.35

0.36

-1.4%

CDL Hospitality Trusts

1.29

1.28

0.8%

Eagle Htrust

0.14

0.14

na

Far East Hospitality Trust

0.65

0.67

-3.0%

Frasers Hospitality Trust

0.48

0.48

-1.0%

Hotel Grand Central Ltd

0.90

0.90

0.6%

Hotel Properties Ltd

3.55

3.55

0.0%

Mandarin Oriental International Ltd (US$)

1.85

1.89

-2.1%

Stamford Land Corporation Ltd

0.40

0.40

0.0%

Taiwan Stock Exchange (NT$)

Formosa International Hotels Corporation

283.00

258.00

9.7%

The Ambassador Hotel, Ltd

34.05

32.50

4.8%

Tokyo Stock Exchange (JPY)

Japan Hotel REIT Investment Corp.

83,100

79,200

4.9%

Imperial Hotel, Ltd

1,920

1,938

-0.9%

Red Planet Japan Inc

34

32

6.3%

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

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

LinkedIn  Twitter  Facebook  YouTube  Email  Web

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.