Mercure

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 million when it was due. In a late night filing on Tuesday, the group says Gracious Land has requested for a refund of the initial $9.5 ...
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 OCBC’s initial full-year DPU forecast.   The earnings miss is in spite of CDL HT’s higher revenue and NPI for the quarter, a result ...
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.  A ribbon-cutting event was held with the presence of Oxley’s executive chairman and CEO, Ching Chiat Kwong, along with the management teams of both Mercure ...