hotels

Christmas memories - THE EDGE SINGAPORE

Tourism

Christmas memories

If, like many others, you’ve had to shelve your travel plans due to the Covid-19 pandemic, a staycation is the next best thing.

Sustainability

Man with a purpose

Famous for his unique interior and landscape designs for hotels around the world, Bill Bensley is now set to create new experiences by marrying his designs with his passion for conservation and philanthropy. That, he says, is his main purpose in life.

Zest

The new normal

These hotels are vamping up their cleaning protocols

Covid-19

Hotels hit by Covid-19 see diversification as key when recovery resumes

“With the plunge in both visitors and meetings, I am sure the government is going to have to do more if there is any hope for the hotels to survive,” says Liza.

IPO

Eagle Hospitality Trust public offering re-allocated due to under-subscription

SINGAPORE (May 24): The managers of Eagle Hospitality Trust (EHT) have re-allocated 1.28 million stapled securities from the public offer to the placement tranche due to under-subscription in public tranche of the offering.
GIC said to be among bidders for Anbang hotel portfolio

Property

GIC said to be among bidders for Anbang hotel portfolio

NEW YORK (May 22): Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.

Broker's Calls

IREIT stake acquisition provides more than just recurring income growth for CityDev, says Jefferies

SINGAPORE (May 3): Jefferies is maintaining “buy” on City Developments (CDL) with a target price of $12 based on 0.84 times book value. 

Broker's Calls

Improving margins, revaluation gains to give Amara a near-term leg up: RHB

SINGAPORE (Nov 14): RHB Research is maintaining its “buy” call on Amara Holdings with an 88-cent target price after the hotel and property group’s 3Q18 results came in line with the research house’s expectations with a net profit of $2.5 million.

M&A

Tuan Sing acquires initial stake in Hainan mega project for $15 mil

SINGAPORE (Sept 24): Tuan Sing Holdings has acquired an initial 7.8% stake in China’s Sanya Summer Real Estate (SSRE) – whose incumbent shareholder is Hainan Summer Property Development, a developer and then operator of two retail malls in Hainan –

Broker's Calls

Far East Hospitality Trust, Hotel Properties emerge top picks amid regional hospitality rebound

SINGAPORE (June 18): OCBC Investment Research is positive on Singapore’s hospitality sector as it sees a demand-supply situation ripe for revenue per available room (RevPAR) growth.
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