Fortune Times REITs Pinnacle Award——Most Value Creation REIT in Asia：OUE Hospitality Trust
OUE Hospitality Trust (OUE H-Trust) is a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT). 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. The 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 Hospitality Trust now is managing three properties, including Crowne Plaza Changi Airport (CPCA), MANDARIN ORCHARD SINGAPORE, MANDARIN GALLERY.
Crowne Plaza Changi Airport (CPCA) is a 563-room hotel managed by InterContinental Hotels Group with connectivity to Changi Airport’s passenger terminals and within a short distance to Changi Business Park.
Mandarin Orchard Singapore is a renowned upscale hotel with strong brand recognition given its relatively long history of operations in Singapore.
Situated along Orchard Road, in the heart of Singapore’s premier hotel, shopping and entertainment district. Mandarin Gallery is a high-end retail mall which boasts a wide frontage of 152 metres along Orchard Road, providing the Mall with a high degree of prominence.