hospitality

Travel

Nobody gets out of this stronger

"We need life pumping through our cities to make people want to come.”
Female power - THE EDGE SINGAPORE

Interview

Female power

Harpreet BEdi, CEO of Garcha Group, talks about her passion for women's rights and women's empowerment.

REITs

Hospitality trusts mauled by Covid-19, nervous investors as US recession looms

With the US Federal Funds Rate rushing towards zero, and 10- year US treasury bonds at their lowest yields ever, the S-REITs with pure US assets should have held up better.

M&A

Datapulse's hospitality quest on firmer footing with stake acquisition in local hotel

SINGAPORE (July 9): Datapulse Technology is taking another step towards its diversification into the hospitality industry – just months after it was thrust into the spotlight for buying a haircare business without proper due diligence.

Travel

Marriott International to reinvent 'luxury' with authentic stories, exclusive travel experiences

SINGAPORE (June 3): The term ‘luxury travel’ no longer ascribes to flying first-class or private, Champagne and caviar, or presidential suites with gilded interiors. Rather than jetting off to an exotic island resort for the weekend, even the most wel

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.
GIC said to be among bidders for Anbang hotel portfolio

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.

Results

Banyan Tree's 1Q earnings decline fourfold on lower revenue, absence of one-off gains

SINGAPORE (May 16): Banyan Tree Holdings reported a 74% decline in 1Q19 earnings to $5.2 million from $20.2 million on the back of lower revenue, as well as the absence of one-off gains from the dilution of the group’s interest in its China entities.

Broker's Calls

UOL poised for greater growth with Marina Centre stake, says DBS

SINGAPORE (May 14): DBS Vickers Securities is maintaining its “buy” call on UOL Group with a target price of $8.53, which implies 0.8 times P/NAV and is pegged to a 35% discount to RNAV after taking into account the group’s higher valuation as well

Broker's Calls

3 non-office REITs to tide investors through an uncertain 2019: OCBC

SINGAPORE (Mar 12): OCBC Investment Research is maintaining “neutral” on the Singapore REIT (S-REIT) sector with a preference for retail and hospitality REITs over their office counterparts for their comparatively conservative asset valuations.
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