ART Q2 distributable income climbs 9.6%

ART Q2 distributable income climbs 9.6%
Trust cites organic growth, acquisitions for better results      
 
ASCOTT Residence Trust (ART) said yesterday its second-quarter distributable income climbed 9.6 per cent to $13.3 million, from $12.1 million a year ago.
 
Distribution per unit was 2.19 cents, an increase of 9 per cent from 2.01 cents in Q2 last year.
 
The trust [...]

ART reports 10% climb in Q2 income

ART reports 10% climb in Q2 income
 
SINGAPORE - Ascott Residence Trust (ART) on Wednesday said that its second quarter distributable income climbed 9.6 per cent to $13.3 million (US$9.83 million), from $12.1 million a year ago. Dividend per unit came to 2.19 Singapore cents, up 9.0 per cent from 2.01 cents for the same period [...]

Ascott Residence Trust to have emerging markets form 70% of its portfolio

Ascott Residence Trust to have emerging markets form 70% of its portfolio
 
SINGAPORE: Ascott Residence Trust is setting itself a mid-term target of having emerging markets form 70 per cent of its portfolio.
 
The trust’s current holdings of S$1.5 billion are split 50-50 between what it terms stable economies like Japan, and emerging ones like Vietnam. [...]

Ascott Residence Trust achies uniholders distribution of $27.5mil

Ascott Residence Trust achies uniholders distribution of $27.5mil
 
Ascott Residence Trust, or ART, said it expects its operating performance to remain stable in the second half of the year despite a slowdown in Asia’s hospitality industry.
 
It said its extended stay business model and geographical diversity will continue to provide income stability to the portfolio.
 
ART achieved [...]

Frasers’ serviced apartments goal: Grow to 8,500 by 2010

Frasers’ serviced apartments goal: Grow to 8,500 by 2010
 
DRIVEN by rising corporate demand, Frasers Hospitality (Frasers) expects to grow its brand of serviced apartments to 8,500 by 2010. This will involve adding 5,000 apartments under the Frasers brand in the next two years.
 
 
China, India and Vietnam are three key areas of expansion for the hospitality [...]

Frasers looking to expand in China, India and Vietnam

Frasers looking to expand in China, India and Vietnam 
Hospitality arm of F&N aims to add 5,000 serviced units over next two years
 
FRASERS Hospitality, undaunted by the uncertain global economic outlook, is pursuing an aggressive expansion strategy in China, India, Vietnam and other markets.
The hospitality arm of Singapore-listed conglomerate Fraser & Neave is a [...]

Frasers Hospitality to its grow presence in China, India and Vietnam

Frasers Hospitality to its grow presence in China, India and Vietnam
 
SINGAPORE : Frasers Hospitality - the property arm of mainboard-listed Fraser & Neave - is planning to grow its presence in the emerging markets of China, India and Vietnam.
 
Revealing this at a news briefing on Thursday, Frasers said it plans to add about 5,000 [...]

Frasers Hospitality planning global expansion

Frasers Hospitality planning global expansion
 
Frasers Hospitality is planning an aggressive expansion globally, with 5,000 serviced apartment units slated for China, India and Vietnam by 2010.
 
The property arm of mainboard-listed Fraser & Neave then plans to expand its presence in the Middle East, Australia and Europe, and maybe even enter the US.
 
Among the service apartments that [...]

Hospitality training for public at Ascott

Hospitality training for public at Ascott 
New centre to offer classes to its employees as well as others
 
FOR the first time, a big name in the hospitality industry is opening the doors of its training centre to the public.
The new Ascott Centre for Excellence, which is aimed at mid-career workers, will see employees [...]

Ascott launches new hospitality centre

Ascott launches new hospitality centre
 
The Ascott Group today officially opened its new global hospitality training centre in Singapore called Ascott Centre for Excellence.
 
The centre will train Ascott’s 5,000 employees located in the Asia Pacific, Europe and the Gulf region to support its global expansion.
 
Besides Ascott’s proprietary programmes, the training centre is the first in [...]