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HVS Monday Musings: Leisure Markets – Hotel Sector’s Relentless Growth Engine
By Mandeep S Lamba, Dipti Mohan and Dhwani Gupta
Leisure travel is growing relentlessly, with a paradigm shift that more and more tourists are looking to explore lesser-known, uncharted regions. Read on to know more.
To view and download the full article, please click here.
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Salter Brothers Acquires Luxury Boutique Hotel & Estate Portfolio in New South Wales, Australia
Australian-based global fund manager Salter Brothers Asset Management Pty Limited (“Salter Brothers”) has acquired the Australia-based Escarpment Group’s collection of luxury boutique hotels and estates for a speculated price of AUD115 million. These include the 89-key Lilianfels Resort & Spa, the 84-keyThe Hydro Majestic Hotel, the 14-key Echoes Boutique Hotel, the 31-key Parklands Country Gardens & Lodges, and the 19-key The Convent Hunter Valley. The five acquired properties are unique to the Blue Mountains and Hunter Valley regions in New South Wales, Australia. Following the completion of this acquisition, the number of properties under its management will increase to 36.
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Blackstone Group Acquires the Former Hiyori Hotel Tokyo Ginza EAST
US-based investment fund, Blackstone Group (“BG”), has acquired the former Hiyori Hotel Tokyo Ginza EAST (“HHTGE”) from Japan-based Sun Frontier Fudousan Co., Ltd. at an undisclosed sum. Together with two other luxury business hotels, namely the 193-key Courtyard by Marriott Osaka Hommachi and the 203-key The Chapter Kyoto Tribute Portfolio Hotel, BG’s Japan portfolio is now estimated to be JPY26 billion. The former HHTGE has 135 rooms and is located 4-minute away from Takaracho Station. Presently, the HHTGE is in the midst renovations and will be rebranded to ibis Styles Tokyo Ginza East in June.
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Champion Technology has Sold 48.45% of Metropolitan Yijing Hotel for HKD45.9 Million
Hong Kong-based Champion Technology Holdings Limited (“Champion Technology”) has sold 48.45% of Metropolitan Yijing Hotel to an independent merchant Mr Chu Ying Man for HKD45.9 million. Situated at 6 East Huanshi Road, Tangxia Town, Dongguan City, Guangdong Province, the property is located on a parcel of land with a total site area of approximately 25,235 square metres. The 253-key property has a gross floor area of approximately 38,373 square metres, and features five food and beverage outlets, an outdoor swimming pool, a fitness centre, a tennis court and a recreation centre.
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Queensland Government has Announced to Invest AUD9.2 Million to Kickstart Ecotourism Projects
The Queensland Government is investing AUD9.2 million in six projects in Queensland under the Activate Ecotourism Infrastructure initiative. The six ecotourism initiatives range from refurbishments of natural retreats to nature-based luxury glamping pods. The total investment is estimated to attract almost 200,000 visitors to enjoy more of Queensland’s great lifestyle. Furthermore, it is expected that the entire project will support 338 construction and 235 operational jobs. Investment in ecotourism is a key element of Queensland’s “Toward Tourism 2032” roadmap which aims to generate up to AUD44 billion in tourism revenues.
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Absolute Share Price Performance, as of 19 May 2023 | |
| Closing Share Price | 19 May 2023 | 12 May 2023 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.59 | 1.65 | -3.6% | | Event Hospitality & Entertainment Ltd | 11.71 | 11.79 | -0.7% | | General Property Group | 4.34 | 4.41 | -1.6% | | Mirvac Group | 2.34 | 2.35 | -0.4% | | |
| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 49.25 | 55.50 | -11.3% | | Dusit Thani Public Co Ltd | 10.70 | 11.00 | -2.7% | | The Erawan Group Public Co Ltd | 4.36 | 4.68 | -6.8% | | Grande Asset Hotels & Property Public Co Ltd | 0.22 | 0.23 | -4.3% | | Laguna Resorts & Hotel Public Co Ltd | 40.00 | 39.75 | 0.6% | | Minor International Public Co Ltd | 32.50 | 33.75 | -3.7% | | S Hotels and Resorts Public Company Limited | 3.30 | 3.50 | -5.7% | | |
| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 8.83 | 8.76 | 0.8% | | |
| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 4.26 | 4.43 | -3.8% | | Guangzhou Lingnan Group Holdings Company Limited | 10.22 | 10.12 | 1.0% | | |
| Huazhu Group Limited | 41.62 | 41.75 | -0.3% | | |
| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 11.52 | 11.80 | -2.4% | | Regal Hotels International Holdings Ltd | 3.01 | 3.08 | -2.3% | | Sino Hotels Holdings Ltd | 2.00 | 2.00 | 0.0% | | The Hong Kong & Shanghai Hotels Ltd | 7.21 | 7.56 | -4.6% | | Shangri-La Asia Limited | 6.65 | 6.78 | -1.9% | | |
| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 429.80 | 418.30 | 2.7% | | IHCL (Taj Hotels, Resorts & Palaces) | 372.35 | 358.50 | 3.9% | | EIH (Oberoi Hotels & Resorts) | 205.25 | 189.00 | 8.6% | | Hotel Leela Ventures | 11.00 | 11.30 | -2.7% | | Lemon Tree Hotels Ltd | 94.85 | 91.10 | 4.1% | | |
| The Shilla | 82,500 | 80,300 | 2.7% | | |
| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.35 | 0.34 | 3.0% | | ARA Htrust (US$) | 0.34 | 0.35 | -2.9% | | Ascott Residence Trust | 1.06 | 1.08 | -1.9% | | Banyan Tree Holdings Limited | 0.35 | 0.35 | 1.4% | | CDL Hospitality Trusts | 1.18 | 1.20 | -1.7% | | Eagle Htrust | 0.14 | 0.21 | na | | Far East Hospitality Trust | 0.61 | 0.60 | 0.8% | | Frasers Hospitality Trust | 0.48 | 0.47 | 1.1% | | Hotel Grand Central Ltd | 0.88 | 0.90 | -2.2% | | Hotel Properties Ltd | 3.50 | 3.55 | -1.4% | | Mandarin Oriental International Ltd (US$) | 1.76 | 1.81 | -2.8% | | Stamford Land Corporation Ltd | 0.40 | 0.40 | 0.0% | | |
| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 282.50 | 282.50 | 0.0% | | The Ambassador Hotel, Ltd | 45.95 | 43.05 | 6.7% | | |
| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 78,900 | 78,000 | 1.2% | | Imperial Hotel, Ltd | 1,998 | 1,978 | 1.0% | | Red Planet Japan Inc | 26 | 26 | 0.0% | | |
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