Hotels & Tourism
Far East Hospitality could speed up recovery through acquisitions
Far East Hospitality could speed up recovery through acquisitions
Its purchase of Oasia Downtown fueled its NPI growth of 11.2% to $25.74m in Q2.
Far East Hospitality Trust Q2 NPI up 11.2% to $25.74m
The hotel segment offset the weaker serviced residences arm.
Singaporean family to sell Australian Crowne Plaza resort for $74m
The 269-room hotel sits on the Gold Coast Highway.
OUE Hospitality Trust NPI dipped 0.5% to $26.5m in Q2
Increased visitor arrivals could benefit Crowne Plaza due to the upcoming bigger Seletar terminal.
Weaker currencies could hurt Frasers Hospitality Trust's NPI
It could affect 80% of the company's net property income (NPI).
Mandarin Oriental H1 profits jumped 49% to US$22.3m
The company recorded improved performances across most of its portfolio.
Frasers Hospitality Trust's Q3 net property income down 2.8% to $28.5m
It blamed lower revenue from its Australian properties.
Ascott secures management deals in the Philippines
It will be in charge of about 1,600 serviced residence units by 2022.
Ascott REIT's net profit up 7% to $63.1m in Q2
It was pushed by acquisitions in Singapore and Germany in 2017.
Orchard Road hotels' revenue bolstered by Trump-Kim summit
Q2 RevPAR was highest in June at 6.9% YoY.
Hotel arm could buoy CityDev amidst property curb
Its UK, China, and US portfolios are safe from the cooling measures.
UOL buys 180 apartments in Jakarta's Tower 2
The apartments will be redeveloped into a 180-key serviced suite.
RHB Singapore inks financing deal for $300m SO Sofitel Singapore
It is currently the largest Islamic hotel financing deal in the world.
Oxley's sales revenue in Singapore hit $1b in 2018
It expects to launch 7 more projects worth $3.8b.
Far East Hospitality expands portfolio with new hotel brand
It will manage operations as well as sales and marketing for The Clan Hotel.
Are investors undervaluing hotels?
The 29-room Wanderlust Hotel was sold at a whopping $1.3m per key, following construction costs estimates for other hotel sites.
CapitaLand expands China footprint through new hotel management firm
It has a registered capital of $20.9m.
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