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hotels
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.
May 24, 2019
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.
May 22, 2019
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.
May 03, 2019
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.
November 14, 2018
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 –
September 24, 2018
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.
June 18, 2018
M&A
Ascendas Hospitality Trust acquires Osaka portfolio of hotels for $126.1 mil
SINGAPORE (June 18): Ascendas Hospitality Trust (A-HTRUST) is acquiring a portfolio of three hotels in Osaka, Japan, for 10.29 billion yen ($126.1 million) via Ascendas Hospitality REIT.
June 18, 2018
Property
Barracks Hotel announced as third & final brand to join Far East Hospitality's Sentosa portfolio
SINGAPORE (June 6): Far East Hospitality has announced the latest and final brand of the group’s upcoming three-property portfolio in Sentosa.
June 06, 2018
Results
Banyan Tree 4Q earnings halved to $3.9 mil on higher expenses
SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher expenses.
February 27, 2018
Broker's Calls
OUE Hospitality Trust's early refinancing to result in higher DPU, says RHB
SINGAPORE (Jan 3): RHB is maintaining its “buy” call on OUE Hospitality Trust (OUE HT), while raising its target price on the REIT to 91 cents from 88 cents previously to factor in a cost of equity (COE) of -7.2% and 2% terminal growth for FY18F and F
January 03, 2018