Travelodge Australia

EQS-News: Partners Group to acquire AUD 620 million Travelodge hotel portfolio in Australia

Retrieved on:

Friday, July 23, 2021

Hotels, Gic, Travelodge, Hospitality industry, Companies, Travelodge Australia

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of eleven Travelodge hotels in Australia with a Gross Asset Value of AUD 620 million, from Mirvac and NRMA.

Key Points:

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of eleven Travelodge hotels in Australia with a Gross Asset Value of AUD 620 million, from Mirvac and NRMA.
Partners Group will acquire the portfolio in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality operator Salter Brothers.
The portfolio is also set to benefit from a nationwide campaign launched this year that aims to increase domestic tourism.
This portfolio represents an excellent opportunity to acquire well-located assets and gain immediate scale in the sector at a discount to pre-pandemic prices.

Far East Hospitality Rethinks Luxury With the Launch of The Clan Hotel

Retrieved on:

Thursday, October 17, 2019

Far East Orchard, Museum Planning Area, Travelodge Australia, Rendezvous Hotel Singapore

SINGAPORE, Oct. 17, 2019 /PRNewswire/ -- Far East Hospitality, Singapore's leading operator of hotels and serviced residences, today held a press conference at ITB Asia 2019, where Mr Arthur Kiong, Chief Executive Officer, Far East Hospitality, introduced upcoming modern luxury hotel -- The Clan Hotel Singapore.

Key Points:

SINGAPORE, Oct. 17, 2019 /PRNewswire/ -- Far East Hospitality, Singapore's leading operator of hotels and serviced residences, today held a press conference at ITB Asia 2019, where Mr Arthur Kiong, Chief Executive Officer, Far East Hospitality, introduced upcoming modern luxury hotel -- The Clan Hotel Singapore.
The latest brand to be added to Far East Hospitality's portfolio, The Clan Hotel anchors the group's vision in rethinking what luxury means for a new generation of travelers.
Far East Hospitality is a 70-30 joint venture formed in 2013 between Far East Orchard Limited (a listed company under Far East Organization) and The Straits Trading Company Limited.
In the same year, Far East Hospitality, through its wholly-owned subsidiary Far East Hospitality Investments (Australia) Pte Ltd, completed a 50-50 joint venture with Australia's Toga Group to form Toga Far East Hotels (TFE Hotels).

Far East Hospitality Rethinks Luxury With the Launch of The Clan Hotel

Retrieved on:

Thursday, October 17, 2019

Far East Orchard, Museum Planning Area, Travelodge Australia, Companies, Rendezvous Hotel Singapore

Slated to launch in Q2 2020, The Clan Hotel's first property in Singapore is a modern luxury hotel with a nostalgic story to tell

Key Points:

Slated to launch in Q2 2020, The Clan Hotel's first property in Singapore is a modern luxury hotel with a nostalgic story to tell
SINGAPORE, Oct. 17, 2019 /PRNewswire/ -- Far East Hospitality, Singapore's leading operator of hotels and serviced residences, today held a press conference at ITB Asia 2019, where Mr Arthur Kiong, Chief Executive Officer, Far East Hospitality, introduced upcoming modern luxury hotel -- The Clan Hotel Singapore.
The latest brand to be added to Far East Hospitality's portfolio, The Clan Hotel anchors the group's vision in rethinking what luxury means for a new generation of travelers.
Far East Hospitality is a 70-30 joint venture formed in 2013 between Far East Orchard Limited (a listed company under Far East Organization) and The Straits Trading Company Limited.
In the same year, Far East Hospitality, through its wholly-owned subsidiary Far East Hospitality Investments (Australia) Pte Ltd, completed a 50-50 joint venture with Australia's Toga Group to form Toga Far East Hotels (TFE Hotels).