Frasers to take listed Frasers Hospitality Trust private in $970m deal

Frasers Property has plans to take SGX-listed Frasers Hospitality Trust (FHT) private in an all cash deal that values the REIT at S$1.35 billion ($970 million) according to a joint announcement.

FHT invests globally (excluding Thailand) on a long-term basis in income-producing real estate assets used predominantly for hospitality purposes. FHT’s portfolio includes 15 properties as of September 30, 2021, and post completion of the divestment of SSW on April 29, 2022, 14 quality assets in prime locations in nine key cities in Asia, Australia and Europe, with a combined appraised value of approximately S$2 billion ($tk billion).