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Hotel Properties Limited Acquires Concorde Hotel in Singapore
Singapore-based Hotel Properties Limited (“HPL”) has acquired the 407-key Concorde Hotel and three-storey retail podium along Orchard Road for SGD821 million in Singapore. This includes an additional charge of SGD213 million to top up the existing land lease to 99 years. The site measures approximately 9,255 square metres which translates to a sale price of approximately SGD88,700 per square metre of potential built area. The current plan outlined for the redevelopment of the area indicates that 40% of the area will be used for hotel accommodations, 40% for residential purposes, and 20% for commercial spaces.
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Emperor Entertainment Hotel to Sell Serviced Apartment Block for HKD701 Million
Hong Kong-based Emperor Entertainment Hotel Limited (“Emperor Entertainment Hotel”) has agreed to sell The Unit Davis, a 57-unit serviced apartment block, in Hong Kong’s Kennedy Town area for HKD701 million, or HKD12.3 million per key, including debt to a vehicle linked to a local investor. The buyer will pay a cash consideration of HKD267.7 million and assume a HKD433.3 million shareholder loan associated with the property. The 22-storey property is located two minutes away from Kennedy Town MTR station by foot and has a gross floor area of 1,917 square metres with a ground-level retail podium.
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AB Capital Acquires Ai Hotel Keikyu Kamata-ekimae in Tokyo, Japan
Hong Kong-based AB Capital Investment Limited (“AB Capital”) has acquired 219-key Ai Hotel Keikyu Kamata-ekimae for an undisclosed sum. The 13-storey hotel, located near Keikyu Kamata Station in Tokyo, is slated for renovation and is expected to reopen by early 2025. It will reopen under Japan-based APA Hotels brand and managed by Japan-based Aoki Corporation under a franchise agreement. The property’s prime location, just five minutes by train to Haneda Airport, enhances its appeal to both business and leisure travellers. This marks AB Capital’s second purchase in a month following its acquisition of the 175-key Vessel Inn Asakusa Tsukuba Express under the AB Capital Japan Hospitality Fund II.
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Club Wyndham Acquires Shirakabaso Resort in Nagano, Japan
US-based Club Wyndham, a subsidiary of US-based Travel + Leisure Co., have acquired the 32-key Shirakabaso Resort in the Shiga Kogen area in Nagano, Japan for an undisclosed sum. The resort will be rebranded to Club Wyndham Shirakabaso Shiga Kogen and will be the first international resort located within the Joshin’etsu Kogen National Park. As part of the rebranding, Club Wyndham will upgrade the 32 guest suites, refresh the public spaces, rework the deck into an outdoor family-friendly space, and add a new restaurant. The property will provide guests with access to 70 ski lifts via gondola or by short-distance cross-country ski; offer ski and snowboarding equipment rentals; and offer repair services for personal equipment. The property will also feature indoor and outdoor onsen hot springs, a sauna, food and beverage options, a gift shop, and rooftop terrace. Travel + Leisure Co. oversees approximately 90 properties and develops three shared ownership clubs with more than 100,000 members: Club Wyndham South Pacific, Club Wyndham Asia and Accor Vacation Club.
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KS Hotels and HMD Asia Acquires Two La Résidence Hotels in Laos and Cambodia
KS Hotels, a subsidiary of Thailand-based KS Group, is acquiring 34-key La Résidence Phou Vao in Luang Prabang, Laos and 59-key La Résidence D’Angkor in Siem Reap, Cambodia. The acquisition details remain undisclosed. Both properties were previously owned and managed by Bermuda-based Belmond. Cambodia-based HMD Asia will manage both properties, increasing HMD Asia’s portfolio to eight properties, including two in development. La Résidence Phou Vao has been operating under its new ownership since 1 November 2024, while La Résidence D’Angkor is undergoing renovations and is expected to reopen in late 2025.
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Absolute Share Price Performance, as of 8 November 2024 | |
| Closing Share Price | 8 November 2024 | 1 November 2024 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 0.85 | 0.85 | 0.0%
| | Event Hospitality & Entertainment Ltd | 11.05 | 10.95 | 0.9%
| | General Property Group | 4.53 | 4.68 | -3.2%
| | Mirvac Group | 2.09 | 2.15 | -2.8%
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| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 35.75 | 36.00 | -0.7%
| | Dusit Thani Public Co Ltd | 10.90 | 10.90 | 0.0%
| | The Erawan Group Public Co Ltd | 3.90 | 4.10 | -4.9%
| | Grande Asset Hotels & Property Public Co Ltd | 0.10 | 0.11 | -9.1%
| | Laguna Resorts & Hotel Public Co Ltd | 39.00 | 38.50 | 1.3%
| | Minor International Public Co Ltd | 26.00 | 27.00 | -3.7%
| | S Hotels and Resorts Public Company Limited | 2.20 | 2.22 | -0.9%
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| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 7.12 | 6.79 | 4.9%
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| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 3.83 | 3.47 | 10.4%
| | Guangzhou Lingnan Group Holdings Company Limited | 10.70 | 10.29 | 4.0%
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| Huazhu Group Limited | 37.69 | 36.83 | 2.3%
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| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 9.32 | 9.30 | 0.2%
| | Regal Hotels International Holdings Ltd | 2.49 | 2.55 | -2.4%
| | Sino Hotels Holdings Ltd | 1.30 | 1.30 | 0.0%
| | The Hong Kong & Shanghai Hotels Ltd | 5.51 | 5.57 | -1.1%
| | Shangri-La Asia Limited | 5.38 | 5.58 | -3.6%
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| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 892.05 | 895.40 | -0.4%
| | IHCL (Taj Hotels, Resorts & Palaces) | 737.95 | 689.00 | 7.1%
| | EIH (Oberoi Hotels & Resorts) | 361.00 | 379.00 | -4.7%
| | Hotel Leela Ventures | 18.73 | 19.25 | -2.7%
| | Lemon Tree Hotels Ltd | 122.35 | 120.00 | 2.0%
| | Mahindra Holiday & Resorts | 369.55 | 381.10 | -3.0%
| | Royal Orchid Hotels | 338.75 | 322.80 | 4.9%
| | SAMHI Hotels Limited | 189.60 | 186.12 | 1.9%
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| The Shilla | 39650.00 | 42400.00 | -6.5%
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| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.59 | 0.59 | -0.8%
| | ARA Htrust (US$) | 0.21 | 0.21 | 2.4%
| | Ascott Residence Trust | 0.90 | 0.91 | -1.6%
| | Banyan Tree Holdings Limited | 0.35 | 0.34 | 2.9%
| | CDL Hospitality Trusts | 0.87 | 0.91 | -4.4%
| | Far East Hospitality Trust | 0.62 | 0.63 | -1.6%
| | Frasers Hospitality Trust | 0.43 | 0.43 | -1.2%
| | Hotel Grand Central Ltd | 0.71 | 0.72 | -0.7%
| | Hotel Properties Ltd | 3.58 | 3.58 | 0.0%
| | Mandarin Oriental International Ltd (US$) | 1.74 | 1.81 | -3.9%
| | Stamford Land Corporation Ltd | 0.37 | 0.37 | -1.4%
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| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 200.50 | 202.50 | -1.0%
| | The Ambassador Hotel, Ltd | 60.00 | 62.00 | -3.2%
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| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 68700.00 | 70500.00 | -2.6%
| | Imperial Hotel, Ltd | 960.00 | 897.00 | 7.0%
| | Red Planet Japan Inc | 1866.00 | 1423.00 | 31.1%
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