FEHT to expand investment strategies globally

This follows the acquisition of Four Points by Sheraton Nagoya for $52.8m.

Far East Hospitality (FEHT) trust will include global investments in its new expanded investment strategies, according to a bourse filing on 20 February.

Both Far East H-REIT and Far East H-BT will invest in global assets but Singapore will still remain a primary focus.

The managers of FEHT said that this will give them increased investment opportunities, providing them to flexibly explore new geographical markets and asset classes, diversify their portfolios, and enhance their return potential.

The news comes after FEHT acquired Four Points by Sheraton Nagoya for $52.8m (JP¥6b) and an operating company, which will serve as the property's master lessee, for $0.4m (JP¥0.05b).