14
ANNUAL REPORT 2015
FRASERS HOSPITALITY TRUST
LETTER TO STAPLED SECURITYHOLDERS
LOOKING AHEAD
We are optimistic that FHT’s
properties in Japan, Australia and
the UK will continue to benefit from
the favourable hospitality markets
in these countries. In Singapore, we
are excited about InterContinental
Singapore’s potential rate uplift
following the completion of its asset
enhancement initiatives. Over in
Malaysia, while the tourism industry
could still experience softer demand
from leisure and corporate travellers,
we believe The Westin Kuala
Lumpur’s central location will allow
it to attract a strong clientele base
over the longer run.
Moving ahead, we will continue
to explore ways to optimise value
for our stapled securityholders. By
working closely with our property
operators, the REIT Manager will
proactively review and identify
potential asset enhancement
opportunities across FHT’s portfolio
to extract greater value for each
asset. Capitalising on our flexible
platform and global acquisition
mandate, we will also continue to
actively pursue suitable acquisitions,
both from the ROFR pipeline from
FHT’s sponsor, FCL, its strategic
partner, The TCC Group and from
third-party owners.
SUSTAINABILITY DEVELOPMENT
FHT is proud to be among
the first real estate investment
trusts in Singapore to present a
sustainability report in accordance
with the requirements of the Global
Reporting Initiative (“GRI”). This
report, from page 81 onwards,
highlights key sustainability issues
and how we have managed them
with our sustainability framework.
We believe that our sustainability
commitment will help us achieve
long-term growth for our stapled
securityholders.
Balancing economic, environmental
and social development is increasingly
part of our active management of FHT.
In carrying out an assessment of
the most material issues within
the first few months of FHT’s
operations, we evaluated FHT’s risks
and opportunities beyond financial
risk. We strongly believe that this
focus on material issues will give us
long-term value creation through
good governance and focus on the
interest of our stakeholders.
ACKNOWLEDGEMENTS
In conclusion, we wish to express
our gratitude to the REIT Manager’s
Board of Directors for their wise
counsel and dedication. We also like
to thank FHT’s business partners,
advisers, bankers and stapled
securityholders for their continued
support since the public offering.
Thank you.
Mr Law Song Keng
Chairman
Ms Eu Chin Fen
Chief Executive Officer
Park International London, Junior Suite
