Frasers Hospitality Trust - Annual Report 2015 - page 4

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ANNUAL REPORT 2015
FRASERS HOSPITALITY TRUST
ABOUT FRASERS HOSPITALITY TRUST
Frasers Hospitality Trust (“FHT”) is a
global hotel and serviced residence
trust established with the principal
strategy of investing globally (except
Thailand) on a long-term basis,
directly or indirectly, in a diversified
portfolio of income-producing real
estate and real estate-related assets
used predominantly for hospitality
purposes.
FHT is a stapled group comprising
Frasers Hospitality Real Estate
Investment Trust (“FH-REIT”) and
Frasers Hospitality Business Trust
(“FH-BT”). It is managed by Frasers
Hospitality Asset Management
Pte. Ltd., the manager of FH-
REIT, and Frasers Hospitality Trust
Management Pte. Ltd., the trustee-
manager of FH-BT.
Listed on the Main Board of the
Singapore Exchange (“SGX-ST”) on
14 July 2014, FHT provides investors
with exposure to one of the largest
InterContinental Singapore, Club Lounge
global hospitality portfolios by
number of rooms. The current
portfolio comprises over 3,200
rooms in 13 properties – 7 hotels and
6 serviced residences.
FHT’s investment properties are
valued at SGD1.96 billion in total
as at 30 September 2015. They
are located across Asia, Australia
and the United Kingdom (“UK”) in
prime locations of key gateway
cities – namely, Singapore, Kuala
Lumpur (“KL”), Kobe, Sydney,
London, Edinburgh and Glasgow.
The portfolio is managed by well-
known and experienced international
hotel chains such as Starwood
Hotels & Resorts, Accor Hotels,
InterContinental Hotels Group as
well as Frasers Hospitality, one of the
largest serviced residence operators
globally.
With a global mandate, FHT
enjoys full flexibility in sourcing
for acquisitions. Within a year of
its listing, it completed its maiden
acquisition of Sofitel Sydney
Wentworth, a 436-room luxury hotel
in the heart of Sydney’s Central
Business District (“CBD”). FHT is
sponsored by Frasers Centrepoint
Limited (“FCL”), a full-fledged
international real estate company
and one of Singapore’s top property
companies with total assets above
SGD23 billion as at 30 September
2015. FCL’s four core businesses
focus on residential, commercial,
hospitality and industrial properties
spanning 77 cities across Africa,
North Asia, Southeast Asia, Australia,
Europe and the Middle East. FCL
and FHT’s strategic partner, the
TCC Group, one of Southeast
Asia’s largest conglomerates have
also granted FHT a right-of-first-
refusal (“ROFR”) to their hospitality
assets, which provides FHT with
further access to future acquisition
opportunities.
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