Far East Hospitality Reit buys Oasia Hotel Downtown for S$210m
The 65-year leasehold property sits along Peck Seah Street at the edge of the Shenton Way and Raffles Place financial district
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Singapore
FAR East Hospitality Real Estate Investment Trust (Reit), which trades as part of the stapled Far East Hospitality Trust, is buying the 314-room Oasia Hotel Downtown in the Tanjong Pagar district for S$210 million in cash before fees.
The 65-year leasehold property is being sold by Far East Soho, a unit of the hotel and serviced residence trust's sponsor, the Far East Organization Group.
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