Singapore Real Estate

Millennium & Copthorne to acquire Beatles-inspired hotel for £13.8m

Millennium & Copthorne Hotels (M&C) has agreed to acquire the Hard Days Night Hotel in the UK, the only Beatles-inspired hotel in the world. Established in Liverpool in 2008, the 110-room hotel located in the heart of Liverpool's famous Cavern Quarter is M&C's 24th property within the UK and Europe.

http://www.businesstimes.com.sg/real-estate/millennium-copthorne-to-acquire-beatles-inspired-hotel-for-%C2%A3138m

http://www.straitstimes.com/business/companies-markets/mc-pays-30m-for-beatles-theme-hotel

Oxley inks management deals with Jumeirah Group for KL properties

Property developer Oxley Holdings has inked management agreements with Dubai's Jumeirah Group to operate a 190-room luxury hotel and to brand 273 premium residences in Kuala Lumpur. The agreements were signed via its wholly owned subsidiary, Oxley Rising Sdn Bhd.

http://www.businesstimes.com.sg/real-estate/oxley-inks-management-deals-with-jumeirah-group-for-kl-properties

http://www.straitstimes.com/business/companies-markets/market-highlights-0

Companies' Brief

Far East Hospitality Trust

Far East Hospitality Trust's (FEHT) Q2 2015 results were in line with expectations, with Q2 and first half's distribution per unit (DPU) accounting for 24 per cent and 45 per cent of our full-year forecast, respectively. Given the dampened outlook for the hospitality sector, we lower our FY2015-2016 DPU forecasts by 2.7-6.0 per cent.

http://www.businesstimes.com.sg/companies-markets/brokers-take-134

Global Economy & Global Real Estate