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HVS Monday Musings: Lonavala: a Thriving Leisure Destination in Maharashtra

By Saniya Zanpure and Dipti Mohan

The hospitality industry in Lonavala, a popular weekend destination near Pune and Mumbai, has thrived over the last 2 years. Read on to know more.


To view and download the full article, please click here

Hotel Properties Ltd Announced the Sale of Hilton London Olympia for GBP40.8 million

The joint venture of the Singapore-based Hotel Properties Limited (“HPL”) and Singapore-based Como Holdings Pte Limited (“CHPL”) has sold Hilton London Olympia (“HLO”) and its operating company for GBP40.8 million to an undisclosed buyer. HLO is located at London’s Kensington High Street, minutes away from the Olympia Exhibition Centre and the Kensington (Olympia) Station. The 405-key property features three food and beverage outlets, eleven meeting rooms that span over 910 square metres, a fitness centre, and a business centre. The sale of the ownership interest will realize a gain of approximately SGD29 million for HPL group.

Hmlet Merges with European Co-living Startup Habyt

Singapore-based co-living platform Hmlet will merge its operations with European co-living start-up Habyt. Hmlet will continue to operate under its brand name, but as part of the Habyt Group. Hmlet Chief Real Estate Officer, Joshua Li, will become Head of Expansion, Asia Pacific for Habyt. The new group will manage over 8,000 units worldwide and support 15,000 tenants every year following the merger. With the existing 1,200 units in Singapore, Hong Kong, and Japan, Haybt expects to reach 2,300 units within the Asia Pacific region by the end of 2022. Habyt and Hmlet has recently raised funding from existing investors Burda Principal Investments and Sequoia Capital, and with a new investor Sasscorp.


Dusit Thani Commenced USD1.37 billion Integrated Development in Bangkok

Thailand-based

Dusit Thani Public Company (“DTPC”) has announced its development of Dusit Central Park (“DCP”) in Bangkok, a 200,000-plus square foot with an estimated value of USD1.37 billion. The mixed-use integrated development will comprise a 259-key Dusit Thani hotel, two luxury residences, a central park, lifestyle, retail, and office components. The park will feature a roof garden and waterfalls for a natural and breath-taking ambiance. The openings are scheduled in two phases with the development completion target date of 2025. The Dusit Central Park project is a joint venture with a Thai property developer known as Vimran Suriya Company Limited (“VSCL”) and Central Pattana (“CP”), which owns and operates 34 shopping centres and mixed-use projects. Dusit Thani owns or manages more than 320 hotels and resorts across 16 countries.

Sankei Building and Tokyu Land Corporation to Build Hakone Hotel and Residence in Kanagawa Prefecture

Japan-based Sankei Building Co Ltd (“SB”) and Japan-based Tokyu Land Corporation (“TLC”) announced that they will begin development of Hakone Sengokuhara Hotel Condominium and Residence located in Hakone-machi, Ashigarashimo-gun in Kanagawa Prefecture. The 63-key hotel will be split between 38 hotel condo units and 25 hotel residence units. Total floor space will be approximately 6,200 square meters. The hotel residence units will come equipped with bathrooms, kitchens, and washing machines to meet the needs of long-term stays. Construction is scheduled to begin early June 2022 and is scheduled for completion in fall of 2023. The strata title hotel condo and residences are Japan’s first to be constructed in accordance with the “New Private Lodging Business Act” that went into effect in June of 2018. 


Absolute Share Price Performance, as of 22 April 2022

Closing Share Price

22 April 2022

15 April 2022

% Change

Australia Stock Exchange (ASX)

Elanor Investors Group

2.30

2.25

2.2%

Event Hospitality & Entertainment Ltd

14.36

14.22

1.0%

General Property Group

5.08

5.11

-0.6%

Mirvac Group

2.40

2.46

-2.4%

Bangkok Stock Exchange (THB)

Central Plaza Hotel Public Co Ltd

43.00

41.75

3.0%

Dusit Thani Public Co Ltd

9.90

9.75

1.5%

The Erawan Group Public Co Ltd

3.76

3.56

5.6%

Grande Asset Hotels & Property Public Co Ltd

0.22

0.19

15.8%

Laguna Resorts & Hotel Public Co Ltd

29.75

28.75

3.5%

Minor International Public Co Ltd

35.25

34.50

2.2%

S Hotels and Resorts Public Company Limited

4.28

3.78

13.2%

China Shanghai Stock Exchange (RMB)

Jinling Hotel Corporation Ltd

8.50

9.10

-6.6%

China Shenzhen Stock Exchange (RMB)

Huatian Hotel Group Co.,Ltd.

3.79

4.39

-13.7%

Guangzhou Lingnan Group Holdings Company Limited

9.13

10.92

-16.4%

NASDAQ (US$)

Huazhu Group Limited

29.90

33.43

-10.6%

Hong Kong Stock Exchange (HK$)

Miramar Hotel & Investment Co Ltd

12.64

12.70

-0.5%

Regal Hotels International Holdings Ltd

3.19

3.19

0.0%

Sino Hotels Holdings Ltd

2.00

2.03

-1.5%

The Hong Kong & Shanghai Hotels Ltd

8.08

8.28

-2.4%

Shangri-La Asia Limited

5.96

6.03

-1.2%

National Stock Exchange (INR)

Chalet Hotels Ltd

289.00

309.50

-6.6%

IHCL (Taj Hotels, Resorts & Palaces)

241.50

251.55

-4.0%

EIH (Oberoi Hotels & Resorts)

158.35

164.90

-4.0%

Hotel Leela Ventures

10.55

11.40

-7.5%

Lemon Tree Hotels Ltd

65.30

68.70

-4.9%

Korea Exchange (KRW)

The Shilla

81,000

81,900

-1.1%

Singapore Stock Exchange (S$)

Amara Holdings Ltd

0.37

0.37

0.0%

ARA Htrust (US$)

0.52

0.51

2.0%

Ascott Residence Trust

1.14

1.11

2.7%

Banyan Tree Holdings Limited

0.30

0.30

0.0%

CDL Hospitality Trusts

1.34

1.30

3.1%

Eagle Htrust

na

na

na

Far East Hospitality Trust

0.67

0.68

-0.7%

Frasers Hospitality Trust

0.62

0.63

-2.4%

Hotel Grand Central Ltd

1.04

1.03

1.0%

Hotel Properties Ltd

3.54

3.55

-0.3%

Mandarin Oriental International Ltd (US$)

2.10

2.05

2.4%

Stamford Land Corporation Ltd

0.40

0.40

0.0%

Taiwan Stock Exchange (NT$)

Formosa International Hotels Corporation

178.00

176.50

0.8%

The Ambassador Hotel, Ltd

31.60

31.25

1.1%

Tokyo Stock Exchange (JPY)

Japan Hotel REIT Investment Corp.

66,900

66,200

1.1%

Imperial Hotel, Ltd

1,811

1,807

0.2%

Red Planet Japan Inc

46

52

-11.5%

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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