Sponsor Far East SOHO a member of the Far East Organisation group of companies, is selling the 65-year leasehold estate in Oasia Hotel Downtown, a 314-room upscale hotel in Tanjong Pagar, under its right of first refusal agreement with FEHT.
SINGAPORE (Jan 15): CIMB is maintaining its “add” call on Far East Hospitality Trust (FEHT) with a target price of 82 cents.
This came on the back of the trust announcing on Jan 12 that it will be acquiring the Oasia Hotel Downtown from its sponsor for $210 million.
