The room rates for Fragrance are between $54 to $157 while the Parc Sovereign are between $139 to $261. Both room rates are actually considered affordable in Singapore and should see good demand in the long run. Given Singapore’s booming tourism with the F1, the opening of the 2 casinos and more, I expect ......Both Global Premium Hotels and M&L Hospitality Trust IPO caught my eye recently. Global Premium, priced at $0.26 per share operate Singapore’s largest chain of hotels, 22 under Fragrance and one under the Parc Sovereign brand. The hotels are considered economy to mid tier ranges, which is a good segment that has more stable demand as compared to the high end hotels. Comparatively, M&L Hospitality has a diversified range of economy to mid-tier as well as high end hotels spread across Singapore, Australia and Japan. In this post, I will focus on Global Premium Hotels.
The room rates for Fragrance are between $54 to $157 while the Parc Sovereign are between $139 to $261. Both room rates are actually considered affordable in Singapore and should see good demand in the long run. Given Singapore’s booming tourism with the F1, the opening of the 2 casinos and more, I expect ......
The room rates for Fragrance are between $54 to $157 while the Parc Sovereign are between $139 to $261. Both room rates are actually considered affordable in Singapore and should see good demand in the long run. Given Singapore’s booming tourism with the F1, the opening of the 2 casinos and more, I expect ......
