Far East Hospitality reveals expansion plans with three new properties
They will manage the hotels’ operations under an HMA.
Far East Hospitality has announced new expansion plans with three properties, namely Oasia Resort Sentosa, Far East Village Hotel Yokohama, and Quincy Hotel Melbourne.
Oasia Resort Sentosa, slated for opening in Q2 of 2021, will be the fourth property on Sentosa island managed by Far East Hospitality. Under their HMA, Far East Hospitality will be in charge of the hotel’s operations, including its sales and marketing functions.
Meanwhile, Far East Village Yokohama is the company’s second venture in Japan. Also set to open in Q2 of 2021, the hotel and its 277 rooms will also be managed by Far East Hospitality, under a separate HMA.
Its third property, Quincy Hotel Melbourne, is expected to open during the Q1 of 2021. The HMA is signed with InterGlobe through Far East Hospitality’s joint venture company, Toga Far East Hotels in Australia.
“Through Far East Hospitality, we intend to continue growing our recurring income base with Hotel Management Agreements (HMAs) in key cities across the Asia Pacific region; cities with strong long-term fundamentals for the tourism industry, domestic travel and other demand drivers,” Far East Orchard’s group chief executive officer Alan Tang said.