Global Premium Hotels

SINGAPORE (May 8): Global Premium Hotels posted earnings of $3.2 million for the first quarter ended March, 4.9% lower from $3.4 million a year ago.

SINGAPORE (Feb 24): Global Premium Hotels, one of Singapore's largest chain of economy-tier and mid-tier hotels, is to be taken private by its chairman Koh Wee Meng.

SINGAPORE (Feb 15): OCBC is maintaining its “hold” on Global Premium Hotels with higher target price of 34 cents.

SINGAPORE (Feb 10): Global Premium Hotels saw 4Q16 earnings nearly halved to $2.6 million from $4.9 million a year ago on the back of lower revenue.

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SINGAPORE (Feb 2): Global Premium Hotels has obtained the development approvals for its purchased property in Perth.

SINGAPORE (Nov 8): Global Premium Hotels has set up an Australian subsidiary, GP Hotel Launceston to facilitate the acquisition of Clarion Hotel City Park Grand in Launceston, Tasmania, for A$7.2 million ($7.6 million).

SINGAPORE (Nov 3): Global Premium Hotels posted a 8.5% fall in earnings to $3.2 million in 3Q16 from a year ago on the back of lower revenue.

SINGAPORE (Aug 3): Global Premium Hotels, the operator of Fragrance and Parc Sovereign hotels, saw a 13.5% fall in 2Q earnings to $2.7 million from the previous year.

SINGAPORE (May 10): OCBC Research is maintaining its “hold” recommendation of Global Premium Hotels with 31 cents fair value.