SINGAPORE (July 31): Sentosa Island, playground for Singapore's rich and famous with its luxury resorts, Michellin-starred restaurants and multmillion-dollar condos, saw the official launch of two new hotels – The Village Hotel and The Outpost Hotel.
The development of the hotels is part of a joint venture between Far East Hospitality Trust (FEHT) and its sponsor Far East Organization to develop a $443.5-million mega hotel project on the island. FEHT holds a 30% stake in this JV.
FEHT's manager has also revealed it is interested in acquiring the remaining stake when the hotel is completed, given it has a first right of refusal to its sponsor's completed assets.
This article - Will Far East Hospitality Trust's business pick up after a slow 1H19? is originally from TheEdgeSingapore.com
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