City Developement and SANDS Las Vegas Wins Bid for Marina Bay Integrated Resort
Marina Bay Area : Gross Floor Area ( GFA ) : 570,000 Sq m. Land Cost $620Million Gaming Area ALlowed 4-5% of TOTAL GFA : Approx 15,000 sq m.
Saturday, September 09, 2006
Wednesday, August 23, 2006
Jones Land Lasalle Releases Hotel Ownership Pendulum
Jones Lang LaSalle Hotels released the Hotel Ownership Pendulum in Motion Research Paper, examining the current ownership profile of Asian and global hotel real estate, how this has changed over the last 10 years and the emerging ownership trends. Historically the Asian hotel and resort real estate was largely held by family controlled public and private companies with some institutional and opportunity fund ownership. Over the last five years, international groups, especially U.S. investment funds have emerged as new owners of hotels in Asia, particularly in Japan and to some extent in Thailand. JLLH said a key factor of changing the ownership profile in Asia is the improvement in the region's macroeconomic environment which has strengthened after a period of structural reforms and consolidation as well as improved trading performance following a strong revival in tourism trade. Improved market transparency, greater availability of information about hotel trading and better understanding of the sector's cyclical nature have collectively increased the appeal of hotel assets. Better transparency helps investors to better understand the markets, which in turn leads to heightened interests in the sector and consequently greater transparency, according to JLLH. The sheer weight of capital seeking real estate globally in the current low-cost debt environment has been the key driving force behind the record levels of hotel transactions in 2005. U.S. based investors have been scouring the world for alternative opportunities such as hotels, Middle Eastern investors are looking for opportunities to buy. A lot of the transactional activities are driven out of the Americans but Asia and Europe too are witnessing a strong momentum. Japan single-handedly accounted for more than 2/3rds of the number of hotel transactions in Asia in 2005. Domestic and US opportunity funds have surfaced as the new owners of Japanese hotel real estate which were previously dominated by Japanese private and public companies. JLLH expects increased transactions compared to historical experience as opportunistic players typically hold assets for shorter periods. JLLH said China offers significant upside potential with attractive GOP margins and expectations for RevPAR growth supported by a rapidly developing domestic economy. They expect regional players from Hong Kong and Singapore to be active in the market while new players including private equity and investment banks are entering the market in China. These investors are expected over time to replace traditional owners such as state-owned enterprises, public and private hotel owners and developers. JLLH said that while they see continued divestment in China and Japan, the scarcity of assets across the region should provide support for more aggressive pricing and this could lead to a tightening of yields. Destination Properties Co. Ltd. announced an agreement with ALiLA Hotels and Resorts to manage their 200 room lifestyle resort property in Phuket, Thailand. Formerly known as Kamala Bay Terrace Resort, it will be re-branded as ALiLA Phuket. Situated on the west coast of Phuket at the heart of the island's famed "Millionaire's Mile" this 4.25 rai development will comprise 200 sea-facing rooms and will be managed and maintained to international luxury standards by ALiLA Hotels & Resorts. ALiLA Phuket is expected to be completed by mid 2007. Jin Jiang International Hotel Management Company has completed the development of its new hotel brand identity and has commenced using their new logos. Jin Jiang Hotels developed the new identity over 12 months. The key element of the new logo is the double "J" mark which represents the first two letters of Jin Jiang and the roof line of a Chinese Imperial Palace. The target of the Jin Jiang Group is to set up a brand family comprising of five to seven multi-positioned sub-brands within three to five years. Jin Jiang's key brand strategies include: international expansion of Jin Jiang Hotels through acquisition and cooperation with international hotel groups; enhancement and renovation of key hotels; promoting the brand through the portfolio of heritage properties such as the Peace Hotel; develop branding elements that reflect the Chinese culture, Jin Jiang features and international standards, building on a highly regarded domestic reputation; promoting Jin Jiang's international reputation by association with the 2008 Beijing Olympics Games and the 2010 World Expo in Shanghai and in early 2007, they will launch a new Jin Jiang Hotels Loyalty Programme targeted to have several hundred thousand members within 5 years. Vietnam's Phu Quoc Island is aggressively seeking foreign and domestic development. The plan is for Phu Quoc to become a high quality tourism centre and a trade and services hub for Vietnam and the region. The People's Committee has approved 12 investment projects so far this year on an area of more than 60 ha and with a combined capital of VND670 billion. Most of the projects are concentrated in the tourism sector and include hotels, restaurants and a hot springs resort with the objective to develop the island as an international luxury tourist destination. Accor's Grand Mercure La Veranda Resort and Spa will open on Phu Quoc Island at the end of this month, developed with a total investment of US$4.2 million. Sunway City Bhd plans to set up Malaysia's biggest real estate investment trust in two years with a value of at least RM1.5 billion. Sunway will complete some property projects by September or October next year before starting the investment trust in 2008. The REIT will have assets such as hotels, malls, university campuses and houses located in Kuala Lumpur and Penang, according to Hwang-DBS Vickers Research. The REIT was planned for this year but was delayed to coincide with the completion of the company's projects. Marriott International appointed Richard Lyon as GM of the JW Marriott Mumbai. He was previously GM of the Renaissance Chancery Court Hotel in London. M Hotel in Singapore announced the promotion of Charles Lai to executive assistant manager. Sunny Sia Hai Chew was appointed executive chef of the hotel, andJamie Chua was named fire, safety & security manager. Fairmont Hotels & Resorts announced that Kent Cooper was named regional director, sales and marketing, Middle East & Africa. Cooper was previously director of sales and marketing for Fairmont's property, The Fairmont Dubai. Central Hotels & Resorts appointed Elaine Chua as new group Spa manager. Chua was previously business development consultant of Gorgeous Getaways, based in Malaysia.
Resort Property Management.com (RPM) Partners With Club Lespri to Offer Unique, High End - Vacation Amenities
Resort Property Management.com (RPM) Partners With Club Lespri to Offer Unique, High End - Vacation Amenities RPM (online at www.resortpropertymanagement.com), a vacation property rental provider offering Park City lodging and vacation rentals for 25 years, has partnered with Club Lespri, Park City’s world-class Boutique Inn & Spa (online at www.clublespri.com) to offer unique, high end vacation amenities. Guests booking with RPM now have exclusive access to Club Lespri’s private Rain Forrest Spa, Bistro Restaurant and Cellars Prime Steak & Spirits. Bistros and Cellars restaurants are recognized as providing the finest dining experience in the Park City/Deer Valley area and the Rain Forest Spa was voted “Best day spa in Park City” by Mountain Spa magazine. Park City, UT (PRWEB) August 22, 2006 -- RPM a vacation property rental provider offering Park City lodging and vacation rentals for 25 years, has partnered with Club Lespri, Park City’s world-class Boutique Inn & Spa (online at www.clublespri.com) to offer unique, high end-vacation amenities. Guests booking with RPM now have exclusive access to Club Lespri’s private Rain Forrest Spa, recreation facility, Bistro Restaurant and Cellars Prime Steak & Spirits. RPM is a Park City, Utah-based vacation property rental provider that offers bookings for nightly to weekly rental in a variety of Park City venues, including private homes, condos and ski-in/ski-out properties in all areas of Main Street Park City, Deer Valley and the Canyons. RPM also handles ground and air transportation, in addition to lift tickets and ski rentals, and all leisure-related activities. Building on the idea that “it’s all here,” RPM President and Owner, Patrick Quigley, says, “We thought it was time to add more exclusive services for our clients visiting the Park City area. There was a real need to provide more intimate and specialized amenities to our guests, and we immediately thought of Lespri with its emphasis on community and personal service.” Since partnering with Lespri, RPM has received rave reviews. “We loved our stay in Park City and getting to use the club was simply fabulous!” says Donna Harden of Hudson, New York. “It had something for me, my husband and our kids---plus, we ate the best steaks of our lives at Cellars. And having access to a twenty four hour front desk provided us with a personal concierge, any time, day or night”. According to RPM, the leisure-travel industry is increasingly competitive. “You can book just about anywhere,” says Director of Marketing, Brian Pannell, “but RPM’s agents live where the clients want to go and they can offer personalized service and expertise---that’s something people are looking for.” Resort Property Management assists customers with Park City vacations online at www.resortpropertymanagement.com and by phone. RPM is a Park City, Utah-based vacation property rental provider that offers bookings for nightly to weekly rental in a variety of Park City venues, including private homes, condos, ski-in/ski-out properties in all areas of Main Street, Deer Valley and the Canyons. RPM also handles ground and air transportation, in addition to lift tickets and ski rentals, and all leisure-related activities and can be found online at www.resortpropertymanagement.com. # # # Press Contact: Brian Pannell Company Name: Club Lespri Email: email protected from spam bots Phone: 435-608-0542 Website: http://www.resortpropertymanagement.com
Thursday, August 10, 2006
FW: The Daily Lodging Report - Asia Pacific 8/01
Starwood Hotels & Resorts Worldwide announced the continuation of their aggressive expansion in
Korean Company BXT Corp. broke ground for a 616 room, P3 billion hotel waterpark complex in Barangay Maribago. The complex will be called Imperial Palace Waterpark Resort and Spa and will be managed by Imperial Palace Hotel. We gave you some information previously on this but the details are that the complex will include six medium rise buildings, three low rise apartments and forty single villas with individual pools. The resort will also have complete recreational facilities that include swimming pools, a waterpark, tennis courts, function rooms and a ballroom.
Carlson Hotels Worldwide's Park Inn unit announced the City Heart Hotel in
Accor announced that Townsville's first new international hotel in almost 20 years, the Hotel Ibis Townsville, was opened last night by Australian Prime Minister John Howard. The 118 room hotel is to be followed by an all-suites hotel being developed next door to the Ibis. Suites on Palmer, part of the Grand Mercure collection of hotels, will open in mid-2007.
The Ascott Group has opened its first Middle East property, Somerset Jadaf,
Tuesday, August 01, 2006
FW: Afternic to visit domainers in Europe
Domainer Meeting in Europe Afternic is a sponsor for the Domainer Meeting in Barcelona, July 25-27. While the meeting is being held in Spain, this is not exclusively a European event. Domainers from around the world will be in attendance. This meeting stands apart from other domainer conferences because the primary purpose is networking. We have organized several lunches, dinners and receptions, and there will be many opportunities for relaxing, private discussions and tourist outings. I know that this is short notice, but there are still rooms available at the Ritz-Carlton. I haven't seen it, but I understand this is a terrific hotel in a great part of town. Be sure to register right away to reserve your place in the meetings and at the Ritz-Carlton in Barcelona. Real Estate Domains Remain Hot As Realty Marketplace Becomes More Virtual Article by: Peter Lamson, Senior Vice President & General Manager, Buy Domains "Old Rule: A picture is worth a thousand words. New Rule: A website is worth a thousand pictures," writes Dan Gooder Richards, in the online Realty Times (R) newsletter. Surveys show that the Internet is playing an increasingly important role in property marketing, agent selection and home selection. This shift away from bricks-and-mortar to a virtual real estate market is driving strong demand for real estate-related domains. How Is The Web Impacting The Consumer? Data from the National Association of Realtors (NAR) shows that as a result of viewing listings online : 75% of prospective buyers previewed or drove by a home 57% walked through a home which they had viewed online More than 3 in 4 used the Internet in their home search Domain names are used to develop : Personalized realtor sites offering daily property updates, broad-based listings and statistics on target neighborhoods served Sites like zillow.com allow home buyers and sellers to conduct pricing comparisons on specific properties Micro-sites for specific listings even gives consumers the chance to experience a virtual tour before committing to a physical showing Traffic Patterns and Domain Name Selection You've found your domain name and developed your site. Now what? Web site promotion capitalizing on targeted domain names, through keyword and paid search (Google is the most popular venue for keyword purchases), incorporating direct marketing, is a cost-effective strategy to build site traffic. Research Web traffic patterns; Yahoo! (R) offers a keyword search tool allowing you to see total searches on keywords and phrases for the prior month. Visit: http://searchmarketing.yahoo.com/srch/srch_pr.php and click on the Keyword Search Tool. Real estate-related searches number in the millions each month--identifying a domain name that will capitalize on this traffic is the first step toward a successful real estate business. Consider the example "CarolinasRealty.com", and let's examine May traffic to the following terms on Yahoo! (R): 50,233 searches on "Columbia, South Carolina real estate" 28,405 searches on "South Carolina real estate" 23,352 searches on "Greenville, South Carolina real estate" The sizeable natural search base for South Carolina-related real estate searches is an attractive proposition for a business person setting up the site "CarolinasRealty.com". Where Is the Real Estate Domain Market Heading? A recent study pegged domain name appreciation at 94%, based on study of over 2,000 domains from 2004 through 2005. While the study did not focus on real estate terms in particular, it highlights a general marketplace trend toward higher domain name pricing. The value and importance of virtual real estate tools continues to evolve in service to an increasingly global and more mobile population. This virtualization drive should ensure that real estate domains remain in high demand, with corresponding price appreciation. Featured Real Estate Domain Names BigAppleRealEstate.com 4,400.00 TexasRealty.net 3,088.00 CapitalRealty.net 1,400.00 SummitRealty.net 1,188.00 CoastRealty.net 800.00 FarmLands.com 5,400.00 SouthwesternRealty.com 700.00 RuralHouses.com 1,100.00 ViewRealty.com : 2,300.00 BluffRealEstate.com : 1,650.00 QualityHouses.com 700.00 CanyonRealEstate.com 1,200.00 BeachfrontProperty.com 31,000.00 MAhouses.com 700.00 LuxuryTownhouses.com 3,200.00 MEhouses.com 900.00 Best Regards, Michael Collins VP Marketing Afternic.com
Thursday, July 27, 2006
FW: Sri panwa Newsletter----Land At tg Pungai!
Dear Khun DANIEL, Welcome back, friends & neighbors, into Sri Panwa's busy world. It has been a few months since we last spoke and we have much to share. There are the obvious events to speak about; such as hotel updates and villa sales… as well as a few visits that even surprised us! Our residential villas are going fast, we have sold 8 more. The villas ranging from one bedroom to five bedrooms have now vanished from the market. We now have new neighbors from South Africa, France, England & Thailand. Welcome to Sri Panwa! We're sure you will enjoy the view from the top and the top of life here. With Warmest Regards, Wan Vorasit Issara Phra Thanissaro Our “Dream Maker”, Khun Songkran, just recently completed a month long journey through monk hood. He entered his monk hood on the 3rd of June, the entering was made at Wat Cholaprathan Yuwaraj Rangsarit. The Abbot who is a high rank monk, Than Panya Nandha Bhikkhu aged 94, was so kind to preside over the ceremony. Phra Thanissaro (Khun Songkran's monk name) took only one meal a day and spent most of his time meditating in a peaceful forest premise of the monastery in upcountry. In Thai beliefs, to enter a monk hood once in your lifetime is the optimum merit for a man. All close relatives and friends who attend the entering ceremony would also be blessed because of this good intention and good deed. His cup has been fulfilled and his battery had been charged full. Welcome back, Sir! www.charnissara.co.th Email: lifestyle@sripanwa.com Phone: +66 76 371-000
Monday, July 17, 2006
Maple Tree: MREAM Fund : Mezzanine Financing
Welcome to Mapletree Mapletree Real Estate Mezzanine Fund I Institutional investors who are seeking a consistent and high current yield will welcome news that Mapletree is planning to launch an Asia-wide property-linked financial products fund to be called Mapletree Real Estate Mezzanine Fund I ("MREM I"). Unlike existing REITs, this closed-end fund will invest unitholders' investments in property-linked financial products, such as high-yield loans, mortgage-backed securities and other REITs, both in Singapore and across Asia. Mapletree will manage MREM I and will be a major investor in the fund. Mapletree is presently raising third party institutional capital for MREM I and will close the fund in late 2004 or early 2005. Regional and Country-Specific Property Funds In addition to MREM I, Mapletree will create other regional and country-specific property funds catered to institutional investors who are looking for exposure into the property sector. In all cases, Mapletree will take on an active fund and asset management role and be a major investor. Being one of the major investors in the funds demonstrates Mapletree's long term commitment to the funds and aligns the manager's and third party institutional investors' interests.
Monday, April 17, 2006
Monday, April 03, 2006
RealEstateJournal | Real-Estate Investment Trusts Rally Again, Defying Predictions
RealEstateJournal | Real-Estate Investment Trusts Rally Again, Defying Predictions: "Real-Estate Investment Trusts Rally Again, Defying Predictions By Jennifer S. Forsyth From The Wall Street Journal Online It seems to defy common sense: Real-estate stocks continue to rally -- even as interest rates rise. Eighteen months ago, many investors began to sell off their real-estate holdings amid warnings that the property market might have peaked. But real-estate investment trusts -- tax-advantaged investment companies whose shares trade on major exchanges -- have continued to outperform the market. This year alone, the Dow Jones Equity REIT Index is up almost 13%, compared with a gain of almost 4% for the Standard & Poor's 500-stock index. It's the fastest run out of the starting gate for REIT stocks in six years, according to SNL Financial, a research firm in Charlottesville, Va. 'The run-up in REIT prices has certainly been surprising, even to boosters of the industry like us,' says T. Ritson Ferguson, chief investment officer for ING Clarion Real Estate Securities, a Radnor, Pa., investment-management firm. The rally has partly been driven by mutual funds and other big investors, some of whom bailed on the sector 15 to 18 months ago and are now buying the stocks again, egged on by recent improvements in the outlook for almost every sector, particularly hotels and offices. REITs have been helped by fund managers and other investors who missed the big run-up and now fear that not owning them is hurting performance records. Some money managers, having been wrong once before, are reluctant to tell small investors to bail out of the sector. Others factor in an individual's total exposure to real estate -- including homes and investment properties -- to determine whether that person s"
