Home News REITs

Frasers Hospitality Trust checks out

Goola Warden
Goola Warden6/14/2022 10:40 PM GMT+08  • 9 min read
Frasers Hospitality Trust checks out
Intercontinental Singapore, an FHT property
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Hospitality trusts listed on the SGX have experienced a challenging and sometimes turbulent 16 years since the IPOs of the initial trusts, Ascott Residence Trust (ART) in March 2006, and CDL Hospitality Trusts (CDLHT) in July of the same year.

Nothing quite impacted the hospitality sector more than Covid-19 pandemic. Travel stopped and most economies were in some form of lockdown for close to two years. This meant that occupancy rates for hotels dropped drastically to well below breakeven levels.

On May 13, Frasers Property (FPL) and Frasers Hospitality Trust’s (FHT) manager announced an offer by FPL and TCC Group for FHT at 70 cents to all of FHT’s minority security-holders to privatise the trust via a scheme of arrangement.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.