Didn’t notice but apparently OUE is spinning off their 2 Orchard Hotel as a REIT. You can read the prospectus here. Like most hospitality REIT, it ends up as a stapled security. But you will notice the attractiveness.

• Its got 2 Mandarin Hotel which are reasonably well branded hotels
• Its got a greater than 7% dividend yield

Hospitality REITs work a bit differently from most REITs in that a sizable part of their income depends on revenue earned from the business and as such they are a proxy to the domestic tourism economy. Even then, they look attractive versus Far East and CDL Hospitality REIT, 2 Hotel REITs listed in Singapore. Those 2 REIT will likely offer only 6% yield at current market price. It is strange how come SPH, Mapletree this year decide to  list this properties as a REIT with so little assets. All three will list with ......