Tianfang said to plan S$500m S'pore IPO for hotel trust
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
TIANFANG Hospitality Management Pte is planning an initial public offering for a trust backed by three hotels in China that could raise about S$500 million, people with knowledge of the matter said.
The Singapore listing could take place as early as September, the sources said, asking not to be identified as the information is private. The real estate investment trust's portfolio consists of the Ritz-Carlton Hotel and Tianmu Hot Spring Resort Hotel in the northern city of Tianjin, as well as the InterContinental Sanya Haitang Bay Resort Hotel on tropical Hainan island, two of the sources said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
