Heeton Holdings acquires Capri by Fraser Changi City as part of JV consortium

Ashley Lo09-03

The acquisition is Heeton Holdings’ first hotel investment in Singapore. Mainboard-listed Heeton Holdings 5dp has announced its acquisition of a hotel in Singapore, Capri by Fraser Changi City, as ...

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class=\"meta\">\n\n\n2024-09-03 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/property/heeton-holdings-acquires-capri-fraser-changi-city-part-jv-consortium?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Ashley Lo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The acquisition is Heeton Holdings’ first hotel investment in Singapore.\nMainboard-listed Heeton Holdings 5dp has announced its acquisition of a hotel in Singapore, Capri by Fraser Changi City, as ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/property/heeton-holdings-acquires-capri-fraser-changi-city-part-jv-consortium?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4088","symbol_name":"住宅建筑","start_time":0,"source_url":"https://www.theedgesingapore.com/news/property/heeton-holdings-acquires-capri-fraser-changi-city-part-jv-consortium?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2464471365","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464471365","pubTimestamp":1725333894,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The acquisition is Heeton Holdings’ first hotel investment in Singapore.\n","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4088":"住宅建筑","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK6512":"房地产股","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc 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part of the acquisition, DHI will be taking over the hotel operation and is set to rebrand the hotel to “Dorsett Changi City Singapore”. \nHoh Chin Yiep, CEO of Heeton, says: “The acquisition marks our first foray into the local hospitality market and is part of our expansion strategy in the hospitality industry.” \nCurrently situated in Changi Business Park, the group says that the hotel is ideally suited to serve business or leisure travellers from the nearby Changi Airport, especially with the airport’s upcoming Terminal 5. \nOn the back of the continued post-pandemic recovery of Singapore’s tourism sector, the group says that the hotel is well-positioned to generating a steady and recurring income for Heeton Holdings. \nThe addition of the hotel’s acquisition brings the group’s portfolio up to 14 hotels in operation worldwide. \nThis comes alongside the group’s upcoming hotel in Bhutan Paro, Dawa at Hilltop by Heeton, which is expected to launch in the second quarter of 2025. \nMore updates are expected to follow with further material developments.\nShares in Heeton Holdings closed at 0.1 cents higher or up 3.7% at 28 cents on Sept 3.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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