GL Limited (formerly: Guoco Leisure)

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#61
London, 25th July 2012 - Hotel investment activity in EMEA slightly weakened in the first 6 months of 2012 when compared to the same period in 2011 according to Jones Lang LaSalle Hotels. Hotel investment volumes totaled €3.7 billion, a 12% decline compared to sales volumes in the first half of 2011. The majority of transactions were single asset sales, accounting for 64% of total EMEA transaction volumes.


Jon Hubbard, CEO Northern Europe, Jones Lang LaSalle Hotels said: “The United Kingdom was once again the most liquid market in H1 2012 with hotel transaction volumes amounting to €1.4 billion, reflecting 37% of total EMEA transaction volumes. London accounted for 59% of UK investment volumes or €796 million, where activity was primarily driven by the acquisition of 8 upscale hotels in the capital, including the 4-star 208 bedroom Hoxton hotel which was sold for €81 million to private equity firm Ennismore Capital and the 5-star 62 bedroom Number 11 Cadogan Gardens that was acquired for €39 million by The Cadogan Estate.”

During H1 2012 France remained the second most active market with hotel transaction volumes totaling €401 million, 11% of total EMEA transaction volumes. Investment activity was strong in Paris and 9 hotels were sold with a total value of €328 million. In Germany, hotel transaction volumes totalled €177 million, 5% of total EMEA transaction volumes. Significant transactions included a portfolio sale of two hotels in Berlin, the 4-star 153 bedroom Hotel Indigo Berlin and the 4-star 242 bedroom Holiday Inn Berlin Centre both located at Alexanderplatz. Both properties were sold by the Azure Property Group to Invesco Real Estate for €60 million.

Christoph Härle, CEO Continental Europe, Jones Lang LaSalle Hotels said: “We observe continued growth in trading fundamentals in many key European hotel markets despite the economic turmoil and uncertainty in the Euro Zone. Leisure travel remains buoyant and is fuelled by continued growth in inbound tourism from emerging markets in Asia and South America. With demand growing and a decreasing number of hotels in the development pipeline, a further improvement in trading performance can be expected in the short to medium term. This should result in more attractive returns for owners and underlines the attractiveness of hotels as alternative real estate investments.”

Many hotel markets have seen a growth in in Revenue-Per-Available Room (RevPAR) in the first 5 months of 2012 including Paris (+7.3%), London (+3.1%), Munich (+3.4%), Barcelona (+5.6%), Copenhagen (+3.7%) and Prague (+13.5%) amongst many others, when compared to the same period in 2011.”

Härle concluded: “Hotel investment activity is expected to pick up in the third and fourth quarters of 2012, as various large European portfolios are likely to close in the coming months. Investor interest remains strong for hotel assets as equity markets remain volatile and yields on secure government bonds, such as those of Germany are too low. A further driver will be pending debt maturities that will encourage a number hotel real estate owners to put an increasing amount of hotels up for sale in order to free up additional cash flow. However, one of the major obstacles preventing a major uptick in sales activity are the persistent tight credit conditions, with only a limited number of senior lenders and only a few banks capable of advancing money in large lot sizes. Overall, Jones Lang LaSalle Hotels anticipates hotel transaction volumes in 2012 to be largely on par with 2011 at roughly €9.4 billion.”

Notes to editors:

Noteable transactions include:
United Kingdom: The 5-star 256 bedroom InterContinental Westminster, currently under development and expected to open in November 2012, was sold for an undisclosed price to Shiraz Boghani, founder of the Splendid Hotel Group. UK investment volumes were also backed by a number of portfolio deals. A notable example was the sale of six hotels by property fund AAIM to the Principal Haley hotel group for €242 million. The hotel group immediately resold the freehold to Pramerica on 175 year leases. Furthermore, Britannia Hotels bought two 5-star hotels from the De Vere Group for about €25 million.

(30-07-2012, 12:01 PM)Stocker Wrote:
(30-07-2012, 10:43 AM)propertyinvestor Wrote: I bought mine last week at 57.5-58.5. Queuing today at 57.5 and 58 (partial done 7 lots from UOB, Amfraser and Kim Eng) Big Grin

Looks like the selling today are not from the BBs.

All orders at 58c done with sellers from JP Morgan, UBS and Citi Group Global Capital markets
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#62
So BBs are back to sell again ?
Reply
#63
(30-07-2012, 12:50 PM)Stocker Wrote: So BBs are back to sell again ?

Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.
Reply
#64
Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....



(30-07-2012, 03:37 PM)propertyinvestor Wrote:
(30-07-2012, 12:50 PM)Stocker Wrote: So BBs are back to sell again ?

Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.
Reply
#65
(30-07-2012, 06:29 PM)chaosdiablo Wrote: Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....



(30-07-2012, 03:37 PM)propertyinvestor Wrote:
(30-07-2012, 12:50 PM)Stocker Wrote: So BBs are back to sell again ?

Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.

Why dont you sell Metro and buy Guocoleisure ? Big Grin
Reply
#66
No need to sell Metro as I am only 50% vested.....

Will be buying as this one currently a laggard....drop a bit more will be better and also the yield will be better.....lol

Currently, I think HKSE stocks are more laggard than STI stocks......looking at a stock china vtm that had dropped more a bit.....the gain will be great but this is risky as the fall can be great as well....

Look at the thread if interested......but die don't blame me.....hahaha


(30-07-2012, 10:01 PM)propertyinvestor Wrote:
(30-07-2012, 06:29 PM)chaosdiablo Wrote: Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....



(30-07-2012, 03:37 PM)propertyinvestor Wrote:
(30-07-2012, 12:50 PM)Stocker Wrote: So BBs are back to sell again ?

Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.

Why dont you sell Metro and buy Guocoleisure ? Big Grin
Reply
#67
(30-07-2012, 10:08 PM)chaosdiablo Wrote: No need to sell Metro as I am only 50% vested.....

Will be buying as this one currently a laggard....drop a bit more will be better and also the yield will be better.....lol

Currently, I think HKSE stocks are more laggard than STI stocks......looking at a stock china vtm that had dropped more a bit.....the gain will be great but this is risky as the fall can be great as well....

Look at the thread if interested......but die don't blame me.....hahaha


(30-07-2012, 10:01 PM)propertyinvestor Wrote:
(30-07-2012, 06:29 PM)chaosdiablo Wrote: Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....



(30-07-2012, 03:37 PM)propertyinvestor Wrote:
(30-07-2012, 12:50 PM)Stocker Wrote: So BBs are back to sell again ?

Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.

Why dont you sell Metro and buy Guocoleisure ? Big Grin

I would buy Guoco Group for HK stocks. below $58 HKD wld be a good buy.
Reply
#68
Why? Care to share? For property, I prefer Shimao but had to drop further since it up a lot recently.......

I also prefer those in sichuan since sichuan grow at a rate 2x that of china gdp.......

1. Yingli for the properties in the cbd of chong qing which valuation should increase and recurring income from office and retail

2. China vtm - very strong fudamentals that had mines in sichuan


(31-07-2012, 10:28 AM)propertyinvestor Wrote:
(30-07-2012, 10:08 PM)chaosdiablo Wrote: No need to sell Metro as I am only 50% vested.....

Will be buying as this one currently a laggard....drop a bit more will be better and also the yield will be better.....lol

Currently, I think HKSE stocks are more laggard than STI stocks......looking at a stock china vtm that had dropped more a bit.....the gain will be great but this is risky as the fall can be great as well....

Look at the thread if interested......but die don't blame me.....hahaha


(30-07-2012, 10:01 PM)propertyinvestor Wrote:
(30-07-2012, 06:29 PM)chaosdiablo Wrote: Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....



(30-07-2012, 03:37 PM)propertyinvestor Wrote: Reminds me of how BBs sold down Wing Tai from 1.39 to 1.17 before the takeover offer was announced. The same BBs who sold Wing tai are buying them up today.

Why dont you sell Metro and buy Guocoleisure ? Big Grin

I would buy Guoco Group for HK stocks. below $58 HKD wld be a good buy.
Reply
#69
By the way, what plan does guocoleisure has beside the current hotels and oil and gas royalty? Seems nothing that management is planning........


(31-07-2012, 03:27 PM)chaosdiablo Wrote: Why? Care to share? For property, I prefer Shimao but had to drop further since it up a lot recently.......

I also prefer those in sichuan since sichuan grow at a rate 2x that of china gdp.......

1. Yingli for the properties in the cbd of chong qing which valuation should increase and recurring income from office and retail

2. China vtm - very strong fudamentals that had mines in sichuan


(31-07-2012, 10:28 AM)propertyinvestor Wrote:
(30-07-2012, 10:08 PM)chaosdiablo Wrote: No need to sell Metro as I am only 50% vested.....

Will be buying as this one currently a laggard....drop a bit more will be better and also the yield will be better.....lol

Currently, I think HKSE stocks are more laggard than STI stocks......looking at a stock china vtm that had dropped more a bit.....the gain will be great but this is risky as the fall can be great as well....

Look at the thread if interested......but die don't blame me.....hahaha


(30-07-2012, 10:01 PM)propertyinvestor Wrote:
(30-07-2012, 06:29 PM)chaosdiablo Wrote: Ok, read that UK property price is actually increasing and hence NAV or RNAV should be stable.....not too sure why this stock keep dropping.....

Only when QLC start to buy again, we will see people start to get interested in this stock again....

Dividend should be declared soon.......perhaps this will help the share price a bit....

Why dont you sell Metro and buy Guocoleisure ? Big Grin

I would buy Guoco Group for HK stocks. below $58 HKD wld be a good buy.
Reply
#70
(31-07-2012, 06:51 PM)chaosdiablo Wrote: By the way, what plan does guocoleisure has beside the current hotels and oil and gas royalty? Seems nothing that management is planning........


(31-07-2012, 03:27 PM)chaosdiablo Wrote: Why? Care to share? For property, I prefer Shimao but had to drop further since it up a lot recently.......

I also prefer those in sichuan since sichuan grow at a rate 2x that of china gdp.......

1. Yingli for the properties in the cbd of chong qing which valuation should increase and recurring income from office and retail

2. China vtm - very strong fudamentals that had mines in sichuan


(31-07-2012, 10:28 AM)propertyinvestor Wrote:
(30-07-2012, 10:08 PM)chaosdiablo Wrote: No need to sell Metro as I am only 50% vested.....

Will be buying as this one currently a laggard....drop a bit more will be better and also the yield will be better.....lol

Currently, I think HKSE stocks are more laggard than STI stocks......looking at a stock china vtm that had dropped more a bit.....the gain will be great but this is risky as the fall can be great as well....

Look at the thread if interested......but die don't blame me.....hahaha


(30-07-2012, 10:01 PM)propertyinvestor Wrote: Why dont you sell Metro and buy Guocoleisure ? Big Grin

I would buy Guoco Group for HK stocks. below $58 HKD wld be a good buy.


Plan>? GLC is very monopolistic, he will of course try to buyout his rivals in the most profitable manner! Smile

Money from the oil royalties can be used to buy up a few hotels every year if he likes.
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