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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

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...

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