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Tag Archives: HRT

Insurance Segment Taking Shape, Investments Gathering Strengths: Fosun Adheres Comprehensively to the Warren Buffett Model

HONG KONG, Aug. 27, 2014 /PRNewswire/ -- Fosun International Limited (together with its subsidiaries, "Fosun" or the "Group", HKEx stock code: 00656) announces today its interim results for 2014. As at June 30, 2014, net assets attributable to owners of the parent of the Group amounted to RMB43.99 billion, up 11.0% from end-2013. Profit attributable to owners of the parent of the Group amounted to RMB1.83 billion, up 8.4% from the same period of 2013.

Fosun has been persistently making a major stride towards becoming a world-class investment group underpinned by the twin drivers of "insurance-oriented comprehensive financial capability" and "industrial-rooted global investment capability" since the beginning of 2014 to date. Following the completion of the acquisition of the three insurance companies namely Fidelidade, Multicare and Cares under Caixa Seguros e Saude ("CSS") of Portugal ("Fosun Insurance Portugal"); the successful investment in one of the largest independent private banks in Europe, BHF of Germany; the successful acquisition of the Japanese real estate capital management firm IDERA; and signing of an equity purchase agreement with the US insurance company Ironshore Inc., the Group's "insurance-oriented comprehensive financial capability" under the twin drivers development model has already taken on firm foothold. Meanwhile, Fosun will continue to leverage and pursue its another driver of "industrial-rooted global investment capability", seeking to deliver more successful investment cases under the value investing principle.

Insurance funds available for investments close to RMB120 billion

Significant enhancement of Fosun's "insurance-oriented comprehensive financial capability"

Fosun has always been considering the development of the insurance business as a premium path in connecting its investment capability to long-term high-quality capital. Currently, Fosun's insurance business comprises over one-third of its total assets. Fosun's latest investment in insurance business was signing an equity purchase agreement with the US insurance company Ironshore Inc., for acquisition of 20% of its total outstanding ordinary shares (on a fully diluted basis) and to become its largest shareholder. Excluding the investment in Ironshore of which the acquisition has not yet been closed and completed, Fosun's insurance segment comprises four companies, namely Yong'an P&C Insurance, Pramerica Fosun Life Insurance, Peak Reinsurance and Fosun Insurance Portugal, constituting a comprehensive insurance platform underpinned by property and casualty, life, and re-insurance. Following the successful completion of the Fosun Insurance Portugal acquisition on May 15, 2014, Fosun successfully matched and commenced a total of 14 equity and debt investment projects for Fosun Insurance Portugal, including investments in the Portuguese power grid company Redes Energeticas Nacionais SGPS, S.A. (REN), China's leading film distributor with an integrated business chain Bona Film Group, etc., aggregating an investment amount of approximately EUR460 million. Leveraging its successful connection to Fosun's investment capability, the profit attributable to owners of the parent of insurance segment amounted to RMB114.5 million during the first half of 2014, up 19.9% from the same period of 2013, with an investible fund stood at approximately RMB119.06 billion.

Besides investing in the insurance segment, Fosun also extended its footholds to the comprehensive financial area including banking, real estate capital management, securities brokerage and asset management. Fosun succeeded in investing in one of the largest independent private banks in Europe, BHF of Germany in the first half of 2014. For this transaction, Fosun acquired an approximately 19% interest in KBG to secure an indirect ownership of the BHF and the well-established UK private bank with a very long history, Kleinwort Benson, thereby gaining footholds in two big financial hubs, Frankfurt and London. Fosun will capitalize on their connections with billionaires and family enterprises to establish a platform and a network for Fosun's investment businesses in Europe. It is the first time Fosun holds indirect interests in a private-banking business which will successfully enhance its comprehensive financial capability. In addition, Fosun completed the acquisition of a 98% equity interest in a Japanese real estate capital management firm IDERA. Japan is one of the important markets in the global property investment mix for institutional investors. IDERA will become the most important property investment and management platform in Japan for Fosun. After the IDERA acquisition, the Group can efficiently acquire capital and asset management capability in the Japanese property market. In July 2014, Fosun acquired Hong Kong Hani Securities (It is still waiting for the final approval by the SFC). Hani Securities has licenses including for dealing in securities and assets management. Looking forward, it will help secure a foothold for Fosun in supporting "Shanghai-Hong Kong Stock Connect" and start pursuing differentiated assets management business in Hong Kong, while engaging in further development with Fosun's other financial platforms.

Investments gathering strengths

Accomplished successful large-scale global value investment cases based on deep industrial footholds in China

During the first half of the year, Fosun sped up establishment of localized investment capabilities in overseas markets. It proactively invested in local platform entities, put together local partner teams in Europe, the US, Japan, Hong Kong, Southeast Asian countries and regions. Ripping benefits from the significant acceleration of globalization of China's growth momentum, Fosun completed many investments across Asia, Europe and North America. Fosun's global investment strategies are based on "benefits from China's growth momentum" to further implement its "industrial-rooted global investment capability", accomplishing a long list of value investment cases.

On the top of its successful investments in the global leisure resort hotel chain Club Med of France and the Greek renowned fashion retail group Folli Follie, etc., Fosun took its "Combining China's Growth Momentum with Global Resources" investment model further. Since last year until lately, Fosun and funds under its management invested, respectively, in the US high-end female apparel brand St. John, the premium Italian menswear manufacturer Caruso, the world's leading medical and cosmetic energy-based device manufacturer Alma Lasers originated in Israel, the largest lifestyle restaurant chain group in Southeast Asia Secret Recipe, a leading German fashion and lifestyle brand TOM TAILOR, as well as a renowned Spanish premium ham, wines and spirits producer Osborne Group. Fosun believes in co-operation with its investees and partners to discover and share investment opportunities brought about by China's sustaining economic growth.

Fully "Embracing the Mobile Internet": already become a major "mobile internet" investor in China

Facing the comprehensive reform brought about by the internet, Fosun proactively implement its "Embracing the Mobile Internet Strategy". Following the successful investment in Perfect World and completion of the Focus Media privatization, Fosun and funds under its management expanded their mobile internet investments comprehensively in many areas, including the internet medical company Scanadu; the online education companies such as Mofangge, and Uniquedu; the mobile game portal Joyme.com; and the online travel company Lailaihui.com; and Southeast Asia mobile internet company Main Spring, etc. Furthermore, Fosun also invested in high-growth traditional industries ancillary to the internet, including distribution warehousing, freight express, smart logistics systems, etc., such as China Smart Logistics Network (CSN) -- "Cainiao". Fosun and funds under its management also invested in and pushed forward traditional enterprises to innovate and achieve O2O, for example, invested successfully in Ali Small-Loan and participated in its rapid growth. In the first half of 2014, the Group has a total of 18 PE and VC projects in the internet sector, for investment amounts aggregating approximately RMB1.85 billion.

Spearheaded investments in industries associated with middle-class lifestyles

Exponential growth in successful cases of experience-driven consumption and consumption upgrade

China's middle class population is growing rapidly, and the middle class lifestyles are set to become the major driver of consumption in the country. Fosun is eyeing on investment opportunities brought about by the changing lifestyles of the middle class in China, extending its footholds in experience-driven consumption in tourism and the filming and television entertainment industry, as well as focusing on investments in consumption upgrades, etc.

Fosun further extended its investment footholds in experience-driven consumption in the first half of 2014, initiated at a high starting point in the filming and television entertainment industry by investing in Studio 8, an US Hollywood multi-platform media company; increased its holding in Bona Film Group and became the second largest shareholder; and signed a strategic cooperation agreement with one of China's largest and strongest modern film groups Shanghai Film Group. For experience-driven tourism consumption investments, besides the investment in China International Travel Services and the increased holding in Shanghai Yuyuan Tourist Mart, Fosun continued to develop the world's third ultimate high-end hotel and ocean theme park Atlantis Resort along the Haitang Bay National Coast in Sanya, Hainan, with Kerzner Group, while facilitated Club Med's expansion in China and on the heels of Yabuli and Guilin resorts, Club Med has already beta-launched its third resort in China this year. Meanwhile, Fosun persists in its focus on investments in consumption upgrades. Since the beginning of 2014 to date, Fosun and funds under its management invested in the leading lifestyle restaurant chain group in Southeast Asia Secret Recipe, a renowned Spanish premium ham, wines and spirits producer Osborne Group, a leading German fashion and lifestyle brand TOM TAILOR etc.

Transformation of traditional property businesses: Full landing of "Hive Community", a PPP urbanization model that pioneered "provision of core urban functions, industry-backed urban development and urban-industry integration"

Implementing the new model of urbanization is a major highlight of the Central Government, and a major driver of the sustaining economic development in China. Hive Community is a product integrated Fosun's industrial resources to assist local governments in the construction of core urban functions, with a key feature of "industry-backed urban development and urban-industry integration". Through providing core urban functions required by the cities, Fosun is able to take a lead in introducing its core industrial resources and to further introduce ancillary industries that support the core industries, with a view to promoting "Urban-Industry integration" by establishing a 24-hour plus 3-in-1 vibrant community for work, consumption and living, as well as introducing living and consumption services industries. The Hive Community products, therefore, provide clear and distinctive functions with active dispersal of peripheral services. They also provide adequate and diverse job opportunities (no more dormant cities, ghost cities), seeking to constitute functional communities that drive employment by industries. As such, a new model of communities which is self-sufficient and built with flexible combination of modules comprising different functions are established.

In the first half of 2014, Fosun combined its resources to fully extend property businesses migration, securing a foothold to the "Hive Community" development. Currently, Fosun has been exploring actively in this area with several satisfactory case studies: Financial Hive -- BFC on the Bund in Shanghai and Chengdu Financial Hive; Healthcare Hive -- Shanghai Starcastle Senior Living community; Culture Hive -- Shenyang Yulong City and Dongyang Woodcarving City; Tourism Hive -- Atlantis Resort in Hainan; and Logistics Hive -- Tian Mao Plaza in Xiangyang and Ankang; comprising GFA aggregating 3.96 million sq.m.

Signficant results from long-term vigilance on and grasping of opportunities from China's SOE mixed ownership reforms

The Third Plenary Session of the 18th Communist Party of China Central Committee proposed to "actively participate in mixed ownership reforms" which confirmed the overall direction for SOE reforms. Mixed ownership reforms are an important move for China's further reform and opening up, deepening the SOEs reform and enhancing the state-owned assets management system and the economic system. In the past ten years, Fosun actively invested in 21 SOE restructuring projects in a number of industries, accomplished a base of valuable experiences. To grasp opportunities in history, Fosun has been actively participating in mixed ownership reforms since The Third Plenary Session of the 18th Communist Party, and invested in several leading corporates in China as Sanyuan Food in dairy industry, CNFC Fishery in overseas fishing industry and Zhongshan Public Utilities in professional environmental protection industry. (Sanyuan Food project and CNFC Fishery project are still waiting for final approval by the China Securities Regulatory Commission)

Outlook

Led by a spiritual courage of "Reinitiating two decades of entrepreneurship", Fosun will follow the trends by combining resources, continue to enhance and implement its twin drivers of "insurance-oriented comprehensive financial capability" and "industrial-rooted global investment capability", enabling the Group to better and timely grasp the value investing opportunities and making a major stride towards becoming a world-class investment group.

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Stallone and Schwarzenegger Light Up Star-Studded Venetian Macao Red Carpet at The Expendables 3 Special Screening

The Venetian Theatre hosts Asia's only special screening of blockbuster film

MACAO, Aug. 23, 2014 /PRNewswire/ -- The stars shone brightly Friday night at The Venetian Theatre, as international icons Sylvester Stallone and Arnold Schwarzenegger walked the red carpet at The Venetian®Macao for Asia's only special screening of their latest film, The Expendables 3, marking their first-ever visit to Macao and the iconic integrated resort.

Sylvester Stallone and Arnold Schwarzenegger walk the red carpet at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.
Sylvester Stallone and Arnold Schwarzenegger walk the red carpet at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.

With a throng of enthusiastic fans lining the red carpet clamouring for the stars' attention, the special screening of The Expendables 3 was part of the series of activities celebrating The Venetian Macao's 7th anniversary Aug. 28. Stallone and Schwarzenegger also participated in a handprinting ceremony while the captivated crowd looked on, laying down their handprints and signatures for Cotai Strip Resorts Macao's Bridge of Stars Gallery.

Sylvester Stallone and Arnold Schwarzenegger take part in a hand printing ceremony at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.
Sylvester Stallone and Arnold Schwarzenegger take part in a hand printing ceremony at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.

Joining the blockbuster film's iconic lead actors at the red carpet event were Olympian, undefeated UFC bantamweight champion and The Expendables 3 cast member Ronda Rousey, who is in town for Saturday's UFC Fight Night Macao at The Venetian Macao, and Hong Kong celebrities Jessica C., Joyce Lee, Loretta Chow, Phillip Ng, Timmy Hung and Janet Chau.

Sylvester Stallone, Sands China Ltd. President and CEO Edward Tracy, Arnold Schwarzenegger and Nu Image, Inc. and Millennium Films Chairman and CEO Avi Lerner walk the red carpet at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.
Sylvester Stallone, Sands China Ltd. President and CEO Edward Tracy, Arnold Schwarzenegger and Nu Image, Inc. and Millennium Films Chairman and CEO Avi Lerner walk the red carpet at The Venetian Macao Friday for Asia's only special screening of their latest blockbuster film, The Expendables 3.

"It was a great thrill for everyone involved to see these two legends of Hollywood come to Macao for this special screening, from the fans lining the red carpet to our guests in the theatre," said Edward Tracy, President and Chief Executive Officer of Sands China Ltd. "We're very pleased that this event provided us with an opportunity to deliver world-class entertainment while casting the spotlight on Macao as a global destination."

Celebrity-attended events like Friday's special screening of The Expendables 3 are part of Sands China's multi-tiered entertainment strategy, which is aimed at raising Macao's profile as a world centre of tourism and leisure, providing a diversity of entertainment choices for the millions of guests and visitors experiencing Cotai Strip Resorts Macao each year.

Spanning a multitude of event types and venues, whether commanding the attention of a sold-out Cotai Arena audience or enchanting a packed Venetian Theatre, superstars of music, film, television and sports that have visited the integrated resort city include the Rolling Stones, Rihanna, Beyoncé, Lady Gaga, , Alicia Keys, Justin Bieber, Eason Chan, Jay Chou, Ricky Martin, David Beckham, Manny Pacquiao, Tiger Woods, Yao Ming, Kobe Bryant, Roger Federer, Kevin Spacey Nicole Kidman, Nicolas Cage, Quentin Tarantino, Michelle Dockery, Jeremy Irons, Jackie Chan, Sam Worthington, Matthew Perry,  Zhang Ziyi, Chow Yun Fat, Nicholas Tse and so many more.

In The Expendables 3, the most star-powered film franchise in history raises the bar to unprecedented heights with a dream team of global superstars, explosive stunts and mind-boggling weaponry as the mercenary group comes face to face with ruthless arms dealer and Expendables co-founder Conrad Stonebanks whose mission is to wipe out the entire team.

Celebrations for The Venetian Macao's 7th anniversary continue over the weekend, with the high-octane UFC Fight Night Macao at the Cotai Arena Saturday evening.

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Sydney Festival 2015 Headline Act Announced in Southern Hemisphere Exclusive

James Thierree brings Tabac Rouge to Sydney

Travel packages announced

SYDNEY, Aug. 22, 2014 /PRNewswire/ -- Destination New South Wales (DNSW), the NSW Government's tourism and major events agency, and Sydney Festival have announced the headline act for 2015 -- the renowned James Thierree will return to Sydney Festival with Tabac Rouge, his largest and most extravagant work to date, in a Sydney and Southern Hemisphere exclusive.

James Thierree's spectacular theatrics are coming to Sydney Festival 2015 with Tabac Rouge
James Thierree's spectacular theatrics are coming to Sydney Festival 2015 with Tabac Rouge

Acrobat, musician, dancer, actor, mime, choreographer -- Thierree is returning to Sydney Festival for the fourth time after sell-out seasons of Junebug Symphony (2003), Bright Abyss (2006) and Au Revoir Parapluie (2008). In Tabac Rouge, Thierree pushes the boundaries of dance, circus and theatre in the roles of director, choreographer and set designer to deliver a performance that Thierree describes as being about "desire, power, systems and mechanisms of society, and of how people organise themselves".

Tabac Rouge, which will run from 7-23 January at Sydney Theatre, features a highly skilled cast of acrobats and dancers who weave a physically daring production filled with spectacular theatrics under Thierree's unique direction. The choreography is complemented by Victoria Thierree's costume design and a dynamic score that ranges from Matthieu Chedid to Vivaldi.  Tabac Rouge contains no spoken word, making the performance ideal for international visitors to enjoy without language barriers.

Sydney Festival 2015 will feature hundreds of world class events and attract visitors from all over the globe. The full 2015 program will be announced on 23 October 2014, however visitors are encouraged to book now to take advantage of great value travel packages and avoid disappointment.

Three packages are on offer:  

The Star*

  • One night's accommodation at luxury hotel, The Darling
  • $50 Food and Beverage credit to enjoy at The Star's bars, signature restaurants (Balla, Black by Ezard & Sokyo) and Fat Noodle
  • Premium or A Reserve ticket to Tabac Rouge 
  • Quote promo code SYDFEST15 (case sensitive) when booking online only. Or call Guest Services 1800 800 830

Visit star.com.au/sydneyfestival.

Accor Packages

Harbour Rocks Hotel -- from $224 per person*

  • Overnight accommodation in a Heritage Queen room in Sydney's historic Rocks area
  • Full Breakfast for served in Scarlett Restaurant  
  • A Reserve ticket to Tabac Rouge

Visit www.accorhotels.com/sydneyfestival.

Quay West Suites Sydney -- from $270 per person*

  • Overnight accommodation in a 1 bedroom city view suite overlooking beautiful Sydney harbour
  • Breakfast for 2 in Harrington Restaurant
  • Premium ticket to Tabac Rouge

Visit www.accorhotels.com/sydneyfestival.

Tickets for Tabac Rouge are on sale now at www.sydneyfestival.org.au/tabac.

*Travel Package Conditions: Subject to availability. Credit Card details required to secure booking. Package prices are per person and are based on 2 guests per package, in queen bedding (Twin bedding available on request directly with the hotel). Packages are pre-paid and non-refundable.  Valid for bookings from 23 August - 12 October 2014 for stays between 09 - 22 January 2015, inclusive. Tabac Rouge tickets valid for performance on the day for which the accommodation is booked only.   

About Destination NSW:

Destination NSW is the lead Government agency for the New South Wales (NSW) tourism and major events sectors. Our role is to market Sydney and NSW as one of the world's premier tourism and major events destinations; to secure major sporting and cultural events; to work in partnership with Business Events Sydney to win major international conventions and incentive travel reward programs; to develop and deliver initiatives that will drive visitor growth throughout the State; to achieve the NSW Government's goal of doubling overnight visitor expenditure within the State by the year 2020.

From food and wine festivals to surf competitions, world class sporting events to celebrations of arts and culture, New South Wales has an Annual Calendar of Events that celebrates the diverse facets of Australian contemporary life. Sydney is unrivalled in Australia in its capacity to stage exclusive events that have the whole world tuning in. Destination NSW has been at the forefront in creating and winning world-class events that put Sydney on the global front page.

Media contacts:

Corrine Cowlishaw, +61-2-9931-1462, corinne.cowlishaw@dnsw.com.au
Melissa Wilson, +61-2-9931-1156, melissa.wilson@dnsw.com.au  

Tabac Rouge is perfect for international visitors to Sydney to enjoy
Tabac Rouge is perfect for international visitors to Sydney to enjoy

 

Tabac Rouge will show at Sydney Festival in a Southern Hemisphere exclusive
Tabac Rouge will show at Sydney Festival in a Southern Hemisphere exclusive

Photo - http://photos.prnasia.com/prnh/20140821/8521404695-a
Photo - http://photos.prnasia.com/prnh/20140821/8521404695-b
Photo - http://photos.prnasia.com/prnh/20140821/8521404695-c

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APAC Hospitality Investments in 2013 Highest in 5 Years

1H 2014 continues to see healthy level

HONG KONG, Aug. 21, 2014 /PRNewswire/ -- Cushman & Wakefield, Global Real Estate Consultancy, in their latest report on the hotel markets across 17 gateway cities and prime destinations in Asia and Australia, reported that hospitality investment market in the Asia Pacific reached a record high transaction volume of US$12.83 billion in 2013, the highest in the last 5 years and over 30% higher than 2012.

There had been a substantial weight of capital invested in the core markets with mainland China accounting for US$2.636 billion or 20.5% of the total investment volume, Singapore the second largest market at US$2.634 billion, followed by Japan at US$2.610 billion and Australia at US$2.271 billion. Hotel investments were also more widespread across the region in 2013, where emerging and non-core markets like Cambodia, Macau, Maldives saw some assets changing hands.

Akshay Kulkarni, Regional Director of Cushman & Wakefield's Hospitality Services for South Asia and Southeast Asia said: "Hospitality investment volume in 2013 more than doubled since 2008 and can be attributed to the excess liquidity, the low borrowing costs and the region's favourable tourism growth and outlook."

The cities included in the report are Singapore, Hong Kong, Tokyo, Bali, Seoul, Mumbai, National Capital Region (India), Bangkok, Shanghai, Jakarta, Kuala Lumpur, Beijing, Ho Chi Minh City, Sydney, Melbourne, Perth and Brisbane. 

In the first half of 2014, total investment volume of hospitality assets reached US$5.203 billion, which is 9.5% higher compared to the same period last year. While the core markets of Japan, Singapore, mainland China and Australia are still the most traded ones and constitute about 68.8% of the investment volume, other emerging markets such as Philippines, Malaysia, Sri Lanka and Indonesia have experienced higher investment quantum compared to the same period last year.  For 2014, Cushman & Wakefield expects the hospitality investment market to moderate, and likely to close at US$9.0 to US$10.5 billion.

Table 1 : Asia Pacific Hospitality Investment Volume in US$ (million)

Countries/regions

2013

2012

2013 H1

2014 H1

Australia

2,271.06

2,699.10

592.42

654.27

Cambodia

6.40

-

-

8.71

Mainland China

2,636.26

1,558.60

787.56

1,678.62

Hong Kong

1,155.03

1,022.10

400.53

246.77

India

141.28

89.70

89.37

84.31

Indonesia

14.00

31.61

-

55.91

Japan

2,609.65

2,337.51

1,234.71

881.74

Korea

40.12

241.39

31.47

91.53

Macau

419.05

-

-

115.97

Malaysia

137.29

123.15

57.41

309.18

Philippines

35.85

96.34

35.85

204.16

Singapore

2,634.34

742.80

974.08

364.65

Sri Lanka

42.33

8.67

7.73

30.24

Taiwan

55.80

288.38

40.03

6.82

Thailand

205.11

350.67

176.22

166.76

Vietnam

246,04

184.28

246.04

44.66

Others (incl. Maldives)

181.94*

-

77.34

249.57

Total

12,831.55

9,774.29

4,750.76

5,202.58

Source: RCA Analytics, Cushman & Wakefield Hospitality

In 1H 2014, some notable transactions include the 5-star Park Hyatt in Melbourne sold by the GIC Pte Ltd to Hongkong-based Fu Wah Group for US$120.5 million (or US$502,000 / key), Hilton Hua Hin Hotel sold to Thai-listed Saha-Union PLC for US$98.9 million (or US$334,000 / key) and Sutera Harbour Resort at Kota Kinabalu grsold to SGX-listed GSH Corporation for US$275.7 million (or US$288,000 / key).

Kulkarni added, "We expect the balance of 2014 to equal or come close last year's level in terms of transactional activity. Japan has already seen significant investment volume and will undoubtedly improve further and lead the pack, due to strong corporate demand and greater investor optimism arising from Abe's economic reforms. Lower hotel transaction volume is expected for Singapore this year compared to last year, at least in the organized institutional side. However with the change in norms on the shop houses those that have approved hotel licenses will see high guest demand.

Mainland China in the first half of this year has seen investments of over US$1.5 billion. This obviously shows significant confidence in the markets and their potential, and also indicative of the fact that assets may be trading at below par and there is an eventual upside. However given the current trading performances in the key Chinese markets and also the relative slowdown of the economy the forecast in terms of investments is that these volumes will taper.

Some of those that gain would be India as it will see a significant rise due to the change in approach to debt service and banking norms forcing asset restructuring companies to offload some of their stocks. This in addition with the positive way in terms of the political climate provides India with a significant opportunity to attract a significant share of the regional investments."

"Thailand, Indonesia, and to some extent, Philippines, Sri Lanka could see more exciting times ahead with some major transactions to be closed. Emerging countries such as Myanmar and Cambodia have seen some renewed interest and could become viable investment destinations."

There were a few hotel portfolio transactions in 1H 2014, especially in Japan. Anabuki Kosan acquired 9 three-star and budget Comfort Hotels for US$58.4 million from Taisei Yuraku Real Estate Company, while Hoshino REIT acquired 21 Chisun Inn hotels from Lone Star for US$136.9 million. India-based DLF Global Hospitality had sold its Amanresort chain of 27 luxury hotels to Adrian Zecha and Peak Hotels for US$358 million

Cushman & Wakefield studied the hotel investment transactions in the past 18 months, covering gateway cities in Asia Pacific. The most expensive hotel investment market in terms of value per key in US$ is Hong Kong. The Chinese territory saw the Mercer by Kosmopolitan transacted at US$1.36 million. Singapore is ranked second at US$1.24 million, having seen the sale of the 305-room Westin Marina Bay to Daisho Group at US$369 million last December.  Third on the list is Tokyo at US$846,000 arising from the Yaesu Fujiya Hotel which would be redeveloped into an office building.

Kulkarni added, "Hotel assets in Singapore and Hong Kong have high selling price per room due to the high earnings multiples and the potential for capital appreciation ahead. Buyer competition for prime institutional quality assets in these two cities remain intense, and there is a shortage of such assets for sale. For Singapore market, it would be ideal to hold if your assets are of prime quality as there is some room for additional asset appreciation. In Hong Kong, smaller sized assets are highly sought after, and can be repositioned with higher upside in rates and value."

To see the full version of this release, click here: http://photos.prnasia.com/prnk/20140821/8521404706-a

About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge. In Greater China, Cushman & Wakefield maintains seven market-leading offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong and Taipei. More information is available at www.cushmanwakefield.com.

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Feel Revived by Anantara Spa’s Eastern and Western Autumn Breeze Package at The PuLi Hotel and Spa

SHANGHAI, Aug. 20, 2014 /PRNewswire/ - Each changing season sheds the old and ushers in new beginnings, and Anantara Spa's special Autumn Breeze package at The PuLi Hotel and Spa offers a unique combination of revered eastern and western therapies, available throughout September, October and November 2014.

Anantara Spa Massage Treatment
Anantara Spa Massage Treatment

 

Anantara Spa Massage Treatment
Anantara Spa Massage Treatment

Designed with Chinese and Thai influences, revealing views of Jing'An Park, Anantara Spa is a haven of contemporary luxury and tranquillity that feels a world away from bustling Shanghai.  Escorted to one of the five charming treatment suites, individuals and couples can look forward to far reaching health and beauty benefits when they book the Rejuvenating Winter Wellness package.

The ritual begins with a 90 minute Swedish Massage with Herbal Oil. Since it was developed nearly 200 years ago, Swedish Massage has become the foundation of most western massage techniques. Incorporating percussive, tapping movements and five variations of

strokes, each part of the body is manipulated to stimulate the nervous system, improve circulation and flexibility, and enhance physical and mental wellbeing.

Drawing on ancient Chinese wellness wisdom, a 30 minute Moxibustion Treatments tailored to each client's needs, with a choice of selecting this specialist treatment for the shoulder and neck, lower back, or belly button.

Moxibustion is an ancient technique practiced in both traditional Chinese and Tibetan medicine to aid the body's ability to heal itself.  This ancient Asian holistic therapy involves burning the herb mugwort to stimulate acupoints.  The radiant heat produced by the burning herbs penetrates deeply into the body, expelling cold and warming the meridians to stimulate the flow of blood circulation and vital energy, leading to improved general health and a wealth of specific benefits.  Moxibustion is used to treat cancer and chronic conditions such as arthritis, digestive disorders and ulcers, and since it increases circulation to the pelvis it is also used to encourage healthy menstruation and reduce menstrual cramps.  By invigorating healthy qi the immune system is strengthened, helping to prevent disease and increase longevity.

Traditionally there are two types of moxibustion.  In direct moxibustion, a small, cone-shaped amount of moxa is placed on top of an acupuncture point and burned.  For indirect moxibustion, a practitioner lights one end of a moxa stick and holds it close to the area being treated for several minutes until the area turns red. Acupuncture can also be incorporated, with a needle inserted into an acupoint and the tip wrapped in moxa and ignited, generating heat to the point and surrounding area. 

The Autumn Breeze ritual marries tradition and innovation by using a highly effective and safe machine lamp for the moxibustion treatment.  In this modern method the cover is placed on specific areas of the body that each client wishes to focus on.   The machine makes it easy for the therapist to adjust the temperature control and locate acupuncture points easily, while clients benefit from a comfortable experience without the fire and smoke that occurs with traditional methods.

Experience the relaxing and holistic benefits of the Autumn Breeze package for the special price of RMB 1, 480* per individual and RMB 2, 600* per couple, including a complimentary Anantara body care product worth RMB 380 to take home.

For reservations or more information about the Autumn Breeze package at The PuLi Hotel and Spa, please contact 3203 9999 ext. 6899 or email anantaraspa@thepuli.com.

Autumn Breeze  120mins

-- 90 minutes Swedish Massage with Herbal Oil
-- 30 minutes Moxibustion Treatment

You can choose any part of below Moxibustion Treatments during the massage

  • shoulder and neck moxibustion
  • low back moxibustion
  • belly button moxibustion

Give Away: A complimentary Anantara body care product valued RMB380

Special Price for Single / Couple: RMB1, 480* / 2, 600*

Available exclusively at Anantara Spa @ The PuLi Hotel and Spa from 1st September 2014 to 30th November 2014.* Price is subject to 15% Service Charge *Terms and Conditions apply

(*Not valid with other promotions or discounts. *Advance booking recommended.* Anantara Spa reserves the final decision.)

Editor's Note:

About Anantara at The PuLi Hotel and Spa

As the first Anantara Spa in Shanghai, the tranquil urban sanctuary offers journeys of ritual significance by celebrating Anantara's focus on indigenous indulgence and reflecting the PuLi Hotel and Spa's resplendent charm and historic sensuality. 

Five treatment rooms are luxuriously appointed with natural features such as wooden flooring, stone walls and wooden beams, enhanced further by oriental accents and ambient lighting.  Two Double Suites, featuring a steam shower, bathtub, changing area and relaxation seating, are joined by three Single Suites complete with shower, changing and relaxation amenities.

Drawing on China's healing past, ancient therapies from Thailand and India, as well as the very best in 21st century wellness techniques, Anantara Spa's extensive menu is inspired by the renowned healing properties of tea – the centuries-old beverage that is woven into the very fabric of Chinese culture. Signature treatments draw from the detoxifying powers of Green Tea, balancing and anti-ageing force of White tea, health-giving properties of Chrysanthemum tea or beautifying properties of Rose Tea.

Discover award winning journeys, inspired by oriental beauty and wellness secrets, at Anantara Spa, The PuLi Hotel and Spa, Shanghai.

About Anantara

For hundreds of years throughout Thailand, people would leave a jar of water outside their house to provide refreshment and extend a welcome to the passing traveller. Anantara is taken from an ancient Sanskrit word that means 'without end', symbolising this sharing of water and the heartfelt hospitality that lies at the core of every Anantara experience.

From lush jungles to pristine beaches and legendary deserts to cosmopolitan cities, Anantara currently boasts 20 stunning properties located in Thailand, the Maldives, Bali, Vietnam, the United Arab Emirates and China; with future properties to open in Thailand, China, Laos, Mauritius, Sri Lanka, UAE and Oman.

For more information on Anantara Hotels, Resorts & Spas, please visit http://www.anantara.com .

For Spa Information:

Anantara Spa @ The PuLi Hotel and Spa
3F, 1 ChangDe Road, JingAn District, Shanghai 200040 China
Tel: +86-21-3203-9999 ext. 6899   
Fax +86-21-3251-8950

E-mail: anantaraspa@thepuli.com     
www.anantara.com

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Legendary Hollywood Action Stars Sylvester Stallone & Arnold Schwarzenegger to Headline Asia’s Only Official VIP Screening for The Expendables 3 as Highlight of the Venetian Macao’s 7th Anniversary Celebration

The Venetian Macao Strengthens Leadership Position as a Top Global Celebrity Destination in Macao Building on Global Partnerships

#1 Integrated Resort in Macao Proves Top Draw for A-List Hollywood

MACAO, Aug. 18, 2014 /PRNewswire/ -- The Venetian Macao announced today that it will host Asia's only VIP screening experience for the opening of The Expendables 3 featuring live appearances by the blockbuster film's iconic lead actors, Sylvester Stallone and Arnold Schwarzenegger, on August 22nd in celebration of the integrated resort's 7th anniversary. The most star-powered film franchise in history raises the bar to unprecedented heights with a dream team of global superstars, explosive stunts and mind-boggling weaponry as the mercenary group comes face to face with ruthless arms dealer and Expendables co-founder Conrad Stonebanks whose mission is to wipe out the entire team.

This all-star event bringing renowned Hollywood action heroes to Macao will be the cornerstone of the 7th anniversary celebration for The Venetian Macao, marking another milestone for the integrated resort and further cementing its status as the leading destination in China for global talent.  The weekend celebration will culminate in an anticipated UFC fight event at the property.

"The Venetian Macao is absolutely the place to be in Macao to see the biggest and brightest global superstars of film, music, sports and more," said Edward Tracy, President and Chief Executive Officer of Sands China Ltd. "A star-studded event like the VIP screening of The Expendables 3 provides exceptional entertainment and helps raise the profile of Macao as a world centre of tourism and leisure."

Leading Sands China's drive to increase global awareness of Macao and the Cotai Strip is the company's multi-tiered entertainment strategy, which continues to attract international superstars from the worlds of music, film, television, sports and more.

The Venetian Macao has established itself as a major stop on world tours, delivering top international entertainers including Beyonce, Lady Gaga, The Police, Avril Lavigne, Eason Chan, Jay Chou, and a record-setting concert by the Rolling Stones. In 2013 alone, the property attracted the tours of Rihanna, Alicia Keys and Justin Bieber.

The Venetian Macao captured the world's attention in November of that same year with the championship boxing event pitting Manny Pacquiao against Brandon Rios. Superstar athletes at the integrated resort have included Tiger Woods, Yao Ming, Kobe Bryant, and Roger Federer. And one of the world's most iconic men, David Beckham, has joined forces with The Venetian Macao and Las Vegas Sands' integrated resort property in Singapore as part of a partnership between Beckham Ventures and Las Vegas Sands.

Award shows, film shoots and movie premieres have given visitors a chance to see in person some of the most recognizable faces of film and television. Hollywood converged at The Venetian Macao last October for the Huading Awards with celebrity appearances by Nicole Kidman, Nicolas Cage, Quentin Tarantino, Michelle Dockery, Jeremy Irons, Jackie Chan, Sam Worthington and Matthew Perry. The Venetian Macao has rolled out the red carpet to host premieres for films such as My Lucky Star starring Zhang Ziyi and From Vegas to Macau starring Chow Yun Fat and Nicholas Tse -- both of which featured scenes shot at the iconic integrated resort -- as well as for the DreamWorks Animation films Turbo, Mr. Peabody and Sherman and How to Train Your Dragon 2.

In 2013, events broadcast from the resort's 15,000 seat Cotai Arena -- the largest in all of Macao -- reached an audience of nearly 1 billion television viewers in China alone.  The resort hosted dozens of high profile events last year, and the property has become a mecca for the film and television industry, securing a plethora of productions, festivals and premieres

2014 has been equally successful for The Venetian Macao as it continues to demonstrate its proven track record as the leader in attracting the biggest names in entertainment:  In March, Kevin Spacey took the stage for the Venetian Charity Ball along with Anthony Kennedy Shriver.  In April, David Beckham and Ricky Martin were front-and-center at The Venetian Macao for the China Music Awards.  In June, the property hosted a VIP screening for Transformers: Age of Extinction.

The VIP screening for The Expendables 3 will take place in the lavish 1,800 seat Venetian Theatre, where onlookers will be able to catch a glimpse of the glittering array of celebrities as they walk the red carpet at The Venetian Macao.

"Asia, and China especially, are becoming a much bigger part of our business and as their markets continue to expand, it is very important we find ways to bring talent and engage with their audiences in new and exciting ways," said Avi Lerner, Chairman and CEO of Nu Image, Inc. and Millennium Films.

The Venetian Theatre, one of the most luxurious entertainment venues in greater China, is a key player in Sands China's effort to bring the best international entertainment to Macao, hosting star-studded red carpet events -- from movie premieres to renowned movie awards and festivals including the China Music Awards and the Asia Pacific Film Festival. The diversity of entertainment provided by Sands China Ltd. ranges from global superstar performances and world-class sports spectaculars to family-friendly attractions, allowing locals and visitors of all ages a chance to enjoy some of the world's greatest entertainment acts in Macao.

About The Venetian® Macao-Resort-Hotel

Opened in 2007, The Venetian®Macao-Resort-Hotel is Macao's first integrated resort featuring stunning replicas of the famous canals and architectural icons of Venice, Italy. The Venetian Macao features 3,000 suites, 1.2 million square feet (111,000 square metres) of convention and meeting facilities as well as a 15,000-seat Cotai Arena designed for world-class sports events and electrifying entertainment. The Venetian Macao is also home to the unique, 1,800-seat luxury Venetian Theatre, hosting the best in international and Chinese entertainment; more than 30 renowned restaurants; TAIVEXMALO Day Hospital & Spa; the incredibly fun QUBE indoor playground and more than 300 retailers at Shoppes at Venetian. Outdoor recreation areas include swimming pools and cabanas and a mini-golf course.

For more information, please visit www.venetianmacao.com.

Entertainment at Sands China Ltd. Resorts

Sands China Ltd. has as a clear vision to establish Macao as Asia's top entertainment destination.

The 15,000-seat Cotai Arena is the only venue in Asia ranked in Pollstar's Top 100 Worldwide Arena Venues based on ticket sales. It is the top entertainment destination in southern China, hosting the world's and the region's biggest names in music, sports and awards shows. Superstars frequently choose the venue as the starting point of their Asian tours.

The 1800-seat, multi-purpose Venetian Theatre is one of the most luxurious entertainment venues in greater China. Featuring ushers in black-tie, champagne service, gourmet food and beverage items and other unique, premium amenities, it offers an intimate, luxurious and exclusive venue experience. The Venetian Theatre is playing a key role in bringing the best in international and Chinese entertainment to Macao, with a luxury theatre experience like no other in the region.

The 650-seat Sands Theatre regularly features internationally-renowned singers, performers and artists of the highest calibre. From traditional Chinese-costumed dancers to modern performances, and from singing troupes to contemporary bands, everything from Western rock to Cantonese pop is covered.

With an unbeatable diversity, the entertainment offering of Sands China Ltd. is ushering in a new era of entertainment in Macao.

For information about upcoming shows and events, visit www.venetianmacao.com/entertainment.html.

About Millennium Films

Millennium Films is one of the longest-running independent film companies in the history of Hollywood, with 20 years and more than 300 movies to its credit.  The company now produces, finances and handles international sales for 5-8 star-driven movies per year, generally with budgets between $20 million and $80 million.



Millennium Films is run by co-founders Avi Lerner and Trevor Short, and a senior executive team that includes Mark Gill (president), Boaz Davidson (head of development and creative affairs), John Thompson (head of production), John Fremes (head of international sales) and Lonnie Ramati (head of business affairs).



Millennium also operates full-service studios in Shreveport, Louisiana, and Sofia, Bulgaria.  The company was founded in 1992 under the name Nu Image, Inc.

Media contact:

Public Relations, Venetian Macau Limited
Lily Cheng
Tel: +853-8118-2013
Email: lily.sw.cheng@sands.com.mo

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Jin Jiang International Hotels Launches its International Mobile App: ‘Jin Jiang Hotels’

SHANGHAI, Aug. 13, 2014 /PRNewswire/ -- Jin Jiang International Hotels recently launched the international version of its free mobile app, 'Jin Jiang Hotels'.

iPhone screenshot of the app's various functions
iPhone screenshot of the app's various functions

This comprehensive and user friendly app, which also has a well-established Chinese version, is a platform that allows travelers to have access to detailed hotel information and make quick and secure hotel reservations at over 80 of the four and five star rated Jin Jiang properties located across China. The app also enables customers to join the Jin Jiang Group's cross sector frequent traveler loyalty program, J-Club, where members can earn and redeem points when staying at the Group's hotels (covering both Jin Jiang Inns and Jin Jiang Hotels), travel products, air tickets and car rental and automotive rental services.

Features of the 'Jin Jiang Hotels' app include:

  • Detailed hotel information: Customers can view the hotel's individual descriptions, services and amenities and browse photos.
  • Quick access to all of Jin Jiang Hotels' latest hotel promotions and deals.
  • Reservations: Customers can make quick and secure reservations, find out information on rates and room availability and view previous stays and upcoming reservations all in real-time.
  • GPS mapping device: Customers can immediately locate the closest hotel to the current location of the customer, whereby bookings can then be made directly from the search results.
  • Group loyalty membership enrolment: Customers can easily enroll to become a J-Club member via the app, receive e-coupons exclusive to members and have direct access to their J-Club account by using their Digital Membership Card to view account information.

"Following from the success of our original Chinese mobile app, we are excited about the launch of the international version which sees us expanding our mobile communications towards a much wider market outside of China. This app allows us to build connected and interactive relationships with our English speaking customers who can now also experience the ease and convenience of the comprehensive 'Jin Jiang Hotels' app," stated Ms. Cinn Tan, Senior Vice President Marketing & Sales at Jin Jiang International Hotels.

Jin Jiang International Hotels is currently offering a promotion exclusive to the 'Jin Jiang Hotels' app. For any user who registers to become a J-Club member via the app will receive e-coupons worth a total value of RMB200 and will also have the chance to take part in a lucky draw to win a free stay at a Jin Jiang hotel. As a J-Club member, 2 J-Club points will be received for every RMB1 spent at a Jin Jiang star rated hotel. As part of this special promotion, in addition to the original points received, members will also receive an extra 2,000 points and receive RMB200 e-coupons each time a room booking is made via the app, by which the points can be redeemed for exciting rewards.

This promotion lasts until 30 September, 2014.

The 'Jin Jiang Hotel' app is available to download globally for free from the iTunes App Store. To download, visit: https://itunes.apple.com/cn/app/jin-jiang-jiu-dian/id725186313?l=en&mt=8

To view more details on the promotion, visit: http://www.jinjianghotels.com/promotion/detail/11946

Photo - http://photos.prnasia.com/prnh/20140813/0861405725

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