Mercure

Oxley's potential $950 mil deal falls through after Gracious Land defaults on $38 mil deposit

Property

Oxley's potential $950 mil deal falls through after Gracious Land defaults on $38 mil deposit

SINGAPORE (Mar 20): Oxley Gem, a subsidiary of Oxley Holdings, has terminated the letter of intent (LOI) it received from Gracious Land in Jan for the $950 million purchase of its Mercure and Novotel hotels, after not receiving a subsequent deposit of $38

Broker's Calls

This hospitality trust's operational outlook is attractive, but not its valuations: OCBC

SINGAPORE (May 3): OCBC Investment Research is maintaining its “hold” call on CDL Hospitality Trust with an unchanged fair value of $1.60 despite making adjustments after the announcement of its 1Q18 results, which came in below expectations at 22% of

Property

Oxley announces soft opening of Mercure Singapore on Stevens

SINGAPORE (Dec 8): Property developer Oxley Holdings has announced the soft opening of Mercure Singapore on Stevens, a 518-guestroom development with an all-day restaurant, an executive lounge, a fitness centre and a swimming pool. 
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