Far East Hospitality opens two hotels in Osaka
Far East Hospitality announced on Tuesday (Jul 15) the opening of two hotels in the Namba South and Honmachi districts in Osaka, in a bid to expand its presence in Japan. This is in…
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Hospitality
Frasers Hospitality Trust’s proposed privatisation by sponsor gets SGX in-principle approval
SGX-ST has ‘no objection’ to FHT’s application to delist from the official list of the bourse The manager of Frasers Hospitality Trust (FHT) said on Friday (Jul 11) that a scheme to…
Stocks to watch: OCBC, SGX, Centurion, Sats, Frasers Property, Frasers Hospitality Trust
The following companies saw new developments that may affect trading of their securities on Monday (Jul 14): OCBC: The lender on Friday announced the retirement of its incumbent chief…
How AI can help restaurants provide better hospitality
At first glance, the idea of integrating artificial intelligence (AI) into the restaurant experience seems counterintuitive. After all, sitting down for a meal is one of the most…
Acrophyte Hospitality Trust mulls suspending or reducing distributions under strategy review
The manager says it faces challenges in funding the capital expenditures that many of its properties require The managers of Acrophyte Hospitality Trust are considering temporarily…
Stocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday said it has no intention to convert its Class C…
Stocks to watch: Suntec Reit, ESR Reit, Sabana Industrial Reit, Acrophyte Hospitality Trust, Fu Yu
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 16): Suntec Reit; ESR Reit; Sabana Industrial Reit; Acrophyte Hospitality Trust: ESR…
Acrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million
Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around US$6.7 million, said managers of the stapled group…
Ascott, Frasers Hospitality expand footprint in Asia
Lodging sector players Ascott and Frasers Hospitality issued separate statements on Tuesday (Jun 3) announcing their expansion in Asia with new signings and openings. Ascott, the wholly…
Typology Enters Hospitality With MGallery Collection
PARIS — Typology, the eco-conscious, direct-to-consumer French beauty brand, is entering hospitality for the first time, with amenities launching in more than 30 MGallery Collection luxury…
Acrophyte Hospitality Trust undergoes strategic review, in talks for potential transaction involving stapled securities
A strategic review is underway for Acrophyte Hospitality Trust, as a potential transaction involving its stapled securities is on the table but not guaranteed. On Friday (May 30), the…
Frasers Property’s bid to privatise Frasers Hospitality Trust does nothing for offeror's minorities
Minority investors of Frasers Hospitality Trust (FHT) are getting a second chance to exit their holdings by way of a privatisation offer. FHT’s sponsor Frasers Property recently proposed…
Frasers Hospitality Trust H1 DPS falls 6% to S$0.010257 on higher finance costs
Frasers Hospitality Trust (FHT) on Tuesday (May 6) posted a 6 per cent drop in distribution per stapled security (DPS) to S$0.010257 for its first half year ended Mar 31, from S$0.01091 in…
Stocks to watch: Sinarmas Land, Frasers Hospitality Trust, Procurri Corp
The following companies saw new developments that may affect trading of their securities on Tuesday (May 6). Sinarmas Land: W Capital, the independent financial advisor (IFA) appointed by…
Hospitality hiring could slow as foreign tourists skip the U.S., for now.
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more clarity about how President Trump’s policies would…
CDL Hospitality Trusts Q1 NPI slides 14.2% to S$30 million on lower revenue
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 14.2 per cent to S$30 million for the first quarter ended March 31, from S$34.9 million in the year-ago period. Revenue…
Far East Hospitality Trust Q1 net property income falls 8.3% to S$23 million
Far East Hospitality Trust’s (FEHT) net property income fell 8.3 per cent year on year to S$23 million for the first quarter ended March, from S$25.1 million. Gross revenue for Q1 FY2025…
Acrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
ACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December 2024 was down 55.9 per cent at US$0.00848, from US$0.01929 in H2 FY2023. The…
Far East Hospitality Trust to acquire Sheraton hotel in Japan for 6 billion yen
FAR East Hospitality Trust (FEHT) will make its first Japanese hotel acquisition after expanding its investment mandate to global markets and asset classes. Its managers on Thursday (Feb…
Frasers Hospitality Trust soars around 40% in one month
FRASERS Hospitality Trust’s (FHT) stapled securities have surged around 40 per cent in one month. They were trading at S$0.42 on Nov 29, and then rose to S$0.59 on Dec 31 – a 40.4 per cent…
Fico offers Slovakia's 'hospitality' in possible Ukraine-Russia talks
Slovakian Prime Minister Robert Fico said that he has offered his country as a meeting place for possible talks on ending the war in Ukraine. "If anyone turns to us and is interested in…
CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal
CDL Hospitality Trusts is venturing into the student accommodation business for the first time, with the purchase of a purpose-built student accommodation (PBSA) in Liverpool, United…
Campbell Gray and Valor Hospitality collaborate on Middle East hotel development
Campbell Gray Hotels & Resorts has partnered with full-service hotel management company Valor Hospitality Partners to develop luxury hotels and residences across the Middle East. The…
Frasers Hospitality Trust posts 0.8% fall in DPS to S$0.011682 for H2
FRASERS Hospitality Trust (FHT) recorded distribution per stapled security (DPS) of S$0.011682 for the second half of its financial year ended Sep 30, down 0.8 per cent from S$0.011777 for…