Best Sustainable Growth REIT in Asia 2018：OUE Hospitality REIT
OUE H-REIT is a Singapore-based REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, whether wholly or partially, as well as real estate-related assets.
Real estate which is used for “hospitality” purposes includes hotels, serviced residences, resorts and other lodging facilities, whether in existence by themselves as a whole or as part of larger mixed-use developments, which may include commercial, entertainment, retail and leisure facilities. Properties which are used for ”hospitality-related purposes” include retail and/or commercial assets which are either complementary to or adjoining hospitality assets which are owned by OUE H-REIT or which OUE H-REIT has committed to buy.
OUE H-Trust is a Singapore-based Hospitality REIT. It owns two hotels, 1,077 room Mandarin Orchard Singapore which is located in the heart of Orchard Road, and 563 room Crown Plaza Changi Airport, the largest hotel at Singapore’s Changi Airport. In addition, it operates Mandarin Gallery a retail mall that fronts Orchard Road and which located next to Mandarin Orchard Singapore. OUE H-BT, a Singapore-based business trust, is dormant.