The Business Times
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Far East Orchard

Reits & Property

Far East Orchard H2 net profit falls 15.5% on lower fair-value gains, higher finance costs

Kiong, who has held senior roles in luxury hotels, will step down as managing director of Far East Hospitality on Dec 31.
Property

Far East Hospitality’s Arthur Kiong looks back on 4 decades in the hotel industry 

Rendezvous Hotel Melbourne in Australia, a Far East Orchard asset. The group plans to expand its lodging platform across key geographies.
Property

Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030

Alan Tang, Far East Orchard's group CEO, says the Covid-19 pandemic helped the company to firm up its resolve to diversify and strengthen recurring income beyond hotels.
Companies & Markets
TOPLINE

Beyond hospitality: Far East Orchard leans on student accommodation for recurring income

Rendezvous Hotel Melbourne, a Far East Orchard property. Contributions from the group's hospitality joint ventures in Australia and Europe fell, mainly due to softer performance in Europe as well as the impact of a cyber incident.
Companies & Markets

Far East Orchard’s 9M profit more than doubles to S$37.6 million

Kiong has led Far East Hospitality for close to 14 years.
Companies & Markets

Arthur Kiong to step down as managing director of Far East Hospitality by end-2025

To date, the fund has committed more than 35% of its equity into two PBSA developments – a 273-bed project in Glasgow, Scotland and a 239-bed one at Plymouth Grove in Manchester (artist's illustration above).
Companies & Markets

Far East Orchard secures £96 million for private fund to develop UK student accommodation

However, revenue for the period fell 8.6% to S$46.5 million, while operating profit declined by 4.4% to S$17.3 million.
Companies & Markets

Far East Orchard Q1 net profit more than doubles to S$17.3 million

The acquisition marks the group’s maiden entry into the city of Manchester, and brings its portfolio of existing and pipeline PBSA assets to over 4,900 beds.
Companies & Markets

Far East Orchard acquires Manchester purpose-built student accommodation site for £10.9 million

The cybersecurity incident affected the networks of TFE Hotels, the operating business of Toga Hotel Holdings Unit Trust – in which Far East Orchard holds a 35 per cent interest.
Companies & Markets

Hotels under Far East Orchard’s hospitality joint venture hit by cybersecurity incident

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