HVS Asia Pacific Hospitality Newsletter - Week Ending 5 October 2018
Indonesia-based hotel group Archipelagio International ("Archipelagio") has signed a long-term Master Franchise Agreement with Saudi Arabia-based Warifat Hospitality Limited ("Warifat Hospitality"), a newly formed subsidiary of the real estate company Jabal Omar Development Company ("JODC"). Under this multi-hotel agreement, Warifat Hospitality will acquire development and branding rights for three of Archipelago's Grand Aston, Aston and Harper brands, enabling the roll out of these brands across the Kingdom of Saudi Arabia. The first hotel developed under this agreement will be part of JODC's flagship project, an integrated real estate development incorporating commercial malls, luxurious residential units and premium hotels. Located within walking distance to the Grand Mosque in Makkah, the 560-key Jabal Omar Grand Aston will be Archipelago's first hotel in Saudi Arabia and is due for completion in July 2019. JODC is one of the largest real estate developers in the Middle East and one of the largest listed companies in the Saudi Tadawul Stock Exchange. Archipelagio is Indonesia's largest hotel group, operating a portfolio of 137 properties with 19,000 rooms across nine core brands in Indonesia, Malaysia and Philippines.
Singapore-based serviced residence owner-operator, The Ascott Limited ("Ascott"), has opened Citadines Connect Fifth Avenue New York, its first Citadines property in the United States. The 125-key renovated property offers rooms in a variety of guestroom types ranging from premier rooms with king or double beds to one-bedroom suites that come with a separate living area. The boutique hotel features, a large communal area in the lobby, a 24-hour business centre as well as a gourmet deli with daily complimentary grab and go breakfast. Located in the heart of Manhattan, guests are within walking distance from Theatre District and Rockefeller Center, and a 10-minute walk from key attractions such as the Empire State Building, the Museum of Modern Art and Grand Central Station. Ascott's portfolio includes over 120 Citadines properties with more than 20,000 units around the world. Ascott is slated to open another Citadines Connect in Cupertino Sunnyvale, Silicon Valley, California in the second half of 2019.
Singapore Airlines (SIA)
and Tourism Australia have renewed their commercial ties with the signing of an AUD11 million marketing deal. The strategic cooperation will fund tourism campaigns and promotional activities in eight of Australia's key inbound markets such as China, Germany, India, Indonesia, Japan, Malaysia, Singapore and the UK. According to Tourism Australia's managing director, John O'Sullivan, these markets represented four million international visitors and a collective spending of AUD22 billion in 2017. SIA currently operates more than 130 flights per week to Australia, serving Adelaide, Brisbane, Canberra, Melbourne, Perth and Sydney, representing 8% of all Australia's international arrivals. The Singapore Airlines group, including its subsidiaries SilkAir and Scoot, has approximately 170 weekly flights to Australia.
US-based hotel operator Two Roads Hospitality ("Two Roads Hospitality") has opened Alila Villas in Koh Russey, its first property to be located in Cambodia. Located on a private island in the Koh Rong archipelago, the 63-key ecological resort will be accessible via a 20 minutes' car transfer and speedboat ride from Sihanoukville Airport. Slated to open in November 2018, the property features 50 pavilions, 13 villas, two specialty restaurants, a beachfront Spa Alila, an infinity pool, and a fitness centre. Alila portfolio consists of 16 upscale to luxury hotels across Asia-Pacific, India, Middle East, the US. Singapore-based hotel management company, Alila Hotels and Resorts ("Alila") plans to open another 3 properties in Jakarta, Sri Lanka and Wuzhen by the end of 2018.
HVS is a leader in global hospitality financial consulting. Hotel owners, developers, investors, lenders, management companies, and public agencies around the world rely on HVS to make informed business decisions. HVS's commitment to excellence and unrivalled hospitality intelligence is delivered by more than 300 people in over 50 offices throughout the world who specialize in a wide range of hospitality assets including hotels, restaurants, casinos, shared ownership lodging, mixed-use developments, spas, and golf courses, as well as conventions, sports, and entertainment facilities. For more information about HVS visit https://hvs.com