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Will Far East Hospitality Trust's business pick up after a slow 1H19?

Samantha Chiew
Samantha Chiew7/31/2019 03:03 PM GMT+08  • 3 min read
Will Far East Hospitality Trust's business pick up after a slow 1H19?
SINGAPORE (July 31): Sentosa Island, playground for Singapore's rich and famous with its luxury resorts, Michellin-starred restaurants and multmillion-dollar condos, saw the official launch of two new hotels – The Village Hotel and The Outpost Hotel
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SINGAPORE (July 31): Sentosa Island, playground for Singapore's rich and famous with its luxury resorts, Michellin-starred restaurants and multmillion-dollar condos, saw the official launch of two new hotels – The Village Hotel and The Outpost Hotel.

The development of the hotels is part of a joint venture between Far East Hospitality Trust (FEHT) and its sponsor Far East Organization to develop a $443.5-million mega hotel project on the island. FEHT holds a 30% stake in this JV.

FEHT's manager has also revealed it is interested in acquiring the remaining stake when the hotel is completed, given it has a first right of refusal to its sponsor's completed assets.

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