SUBSCRIBERS

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

Published Fri, Jan 12, 2018 · 09:50 PM

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes