Hospitality REITs

The impact of the novel coronavirus (Covid-19) pandemic on the local real estate investment trust (REIT) sector is expected to bottom out in 2Q, according to RHB Securities.

The manager of Eagle Hospitality Trust (EHT) announced Sunday evening (June 21) that it has received additional notices of default by certain master lessees under the hotel management agreements.

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee believe hospitality REITs in Singapore are “heading for a good start”.

EHT's non-executive chairman Howard Wu and deputy chairman Taylor Woods have handed in their resignations after they were found to have inked transactions that were "not on commercial terms" and "prejudicial" to the interests of the REIT.

SINGAPORE (Aug 28): In 1Q19 ended March, Singapore saw international visitor arrivals grow 1% to 4.7 million visitors while tourism receipts fell 4.8% y-o-y to $6.5 billion, according to data from the Singapore Tourism Board (STB). Meanwhile, gazetted hot

SINGAPORE (April 3): Following recent years of relatively stagnant performance, tourism arrivals in Singapore are expected to finally see an uptick on the back of a surge in intra-regional tourism, according to a new report from Colliers International, th

SINGAPORE (Jan 20): With Changi Airport Terminal 4 (T4) slated to launch in 2H17, Daiwa Capital Markets is anticipating a number of businesses to benefit from Fast and Seamless Travel at Changi (FAST@Changi), a unique concept to T4 which Changi Airport Gr

SINGAPORE (Sept 2): Unsurprisingly, the recent Zika outbreak in Singapore is expected to send shockwaves across local markets, especially with the rapid acceleration of virus cases. The number of infections within the republic stands at 151 as of Thursday

SINGAPORE (July 14): Singapore’s hospitality sector might be a “comeback kid” against the backdrop of a lackadaisical 2015 as recently-released data for May 2016 point to a spectacular 62.9% y-o-y increase in visitors from China.