Far East Hospitality Trust ("FEHT") is a Singapore-Focused Hotel and Service Residence Hospitality Trust. An update from an earlier blog posting, FEHT has priced its offering at the highest end of the range of 93 Singapore cents.The final prospectus is here if you need it. The initial portfolio will consist of 11 properties of seven hotels and 4 service apartments. The Sponsor is part of the Far East Organization.
FEHT's Market share |
I think it is pretty important for REITs to have a good sponsor because it will be the source of 'future properties' to be injected into FEHT.
The key concern will of course to ensure that everything is done at arm's length between the related entities. They are ......