Hotel Properties

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hello i am not really familiar with SGX ruling and a bit confused trying to catch up with this whole saga.

is 68 Holdings still increasing its stake at HPL? how much stake do they want eventually?
has re-development started? where can we get the details regarding this re-development project? without any details how can we have a good forecast of its RNAV?

thank you so much.
Reply
hello i am not really familiar with SGX ruling and a bit confused trying to catch up with this whole saga.

is 68 Holdings still increasing its stake at HPL? how much stake do they want eventually?
has re-development started? where can we get the details regarding this re-development project? without any details how can we have a good forecast of its RNAV?

thank you so much.
Reply
also just a question regarding timing of the general offer...

before the first offer in April 2014, did the market already know that redevelopment was going to happen in Western Orchard/ did the market already know that the government had already given out incentives to developers to rejuvenate the area?

thanks so much again, sorry if it sounds like a stupid queston
Reply
also just a question regarding timing of the general offer...

before the first offer in April 2014, did the market already know that redevelopment was going to happen in Western Orchard/ did the market already know that the government had already given out incentives to developers to rejuvenate the area?

thanks so much again, sorry if it sounds like a stupid queston
Reply
http://www.businesstimes.com.sg/companie...-in-london

Hotel Prop in JV to buy former Royal Mail centre in London
By
Lee Meixianleemx@sph.com.sg@LeeMeixianBT
16 Oct5:50 AM
Singapore

HOTEL Properties on Wednesday said it has formed a 70:30 joint venture (JV) to buy the former Royal Mail Delivery Offices in central London for £111 million (S$225 million).

The JV is with Anchorage View, a company owned by Ong Beng Seng, the managing director and deemed
Reply
http://www.businesstimes.com.sg/companie...-in-london

Hotel Prop in JV to buy former Royal Mail centre in London
By
Lee Meixianleemx@sph.com.sg@LeeMeixianBT
16 Oct5:50 AM
Singapore

HOTEL Properties on Wednesday said it has formed a 70:30 joint venture (JV) to buy the former Royal Mail Delivery Offices in central London for £111 million (S$225 million).

The JV is with Anchorage View, a company owned by Ong Beng Seng, the managing director and deemed
Reply
FTSE rebalancing last week has wrecked havoc in share prices across SGX.

HPL is one such victims.

At 395, it is exactly the price that OBS/Wheelock paid for its stake in HPL xd FY14 DPS of 10 cents.

OBS is deemed to have 77.88% stake in HPL with father in law Peter Fu's Bornfree Investments holding another 7.02%.

Based on latest annual report, free float is 13.7%. To delist HPL, the free float just need to be reduced by more than 3.7%.

Given that 1 year moratorium is expiring soon on 30th June, will be interesting to see if OBS/Wheelock may team up with Peter Fu to stage another delisting attempt...

Re-Vested
GG
Reply
FTSE rebalancing last week has wrecked havoc in share prices across SGX.

HPL is one such victims.

At 395, it is exactly the price that OBS/Wheelock paid for its stake in HPL xd FY14 DPS of 10 cents.

OBS is deemed to have 77.88% stake in HPL with father in law Peter Fu's Bornfree Investments holding another 7.02%.

Based on latest annual report, free float is 13.7%. To delist HPL, the free float just need to be reduced by more than 3.7%.

Given that 1 year moratorium is expiring soon on 30th June, will be interesting to see if OBS/Wheelock may team up with Peter Fu to stage another delisting attempt...

Re-Vested
GG
Reply
Acquisition of a Hotel in London

Hotel Properties Limited ("HPL") announced that its wholly-owned subsidiary, HPL Properties (West) Pte Ltd and Olympia Partners Pte. Ltd. have formed a joint venture (80% vs 20%) to acquire a freehold property known as Hilton London Olympia located at 380 Kensington High Street, London.

The total consideration for the Transaction is £114.85 million with a net working capital adjustment, such consideration to be finalised following completion of the transaction.

Hilton London Olympia has 405 keys plus 3 food and beverage outlets and 10 flexible meeting rooms. The Hotel is situated near to the Olympia Exhibition Centre at the western end of Kensington High Street.

More details in http://infopub.sgx.com/FileOpen/HPL_Acqu...eID=465070
Specuvestor: Asset - Business - Structure.
Reply
Acquisition of a Hotel in London

Hotel Properties Limited ("HPL") announced that its wholly-owned subsidiary, HPL Properties (West) Pte Ltd and Olympia Partners Pte. Ltd. have formed a joint venture (80% vs 20%) to acquire a freehold property known as Hilton London Olympia located at 380 Kensington High Street, London.

The total consideration for the Transaction is £114.85 million with a net working capital adjustment, such consideration to be finalised following completion of the transaction.

Hilton London Olympia has 405 keys plus 3 food and beverage outlets and 10 flexible meeting rooms. The Hotel is situated near to the Olympia Exhibition Centre at the western end of Kensington High Street.

More details in http://infopub.sgx.com/FileOpen/HPL_Acqu...eID=465070
Specuvestor: Asset - Business - Structure.
Reply
Hotel Properties reports 68% rise in FY17 earnings to $179.5 mil on higher sales

By: PC Lee
26/02/18, 07:35 pm

SINGAPORE (Feb 26): Hotel Properties, which owns the Four Seasons and Hilton hotels in Singapore, reported a 68% rise in FY17 earnings to $179.5 million from $108.6 million a year ago on higher sales and share of results of associates and JVs.

Revenue rose 14.1% to $659.2 million mainly due to sale of completed condominium units from the Tomlinson Heights development as well as better performances by the group’s hotels and resorts.

These contributed to an increase in cash generated from operations to $306 million for the year under review from $159.6 million last year.
...
The board has recommended a first and final one-tier tax exempt cash dividend of 4 cents per share, and a one-tier tax exempt special dividend of 6 cents per share.

More details in https://www.theedgesingapore.com/hotel-p...gher-sales
Specuvestor: Asset - Business - Structure.
Reply
Hotel Properties reports 68% rise in FY17 earnings to $179.5 mil on higher sales

By: PC Lee
26/02/18, 07:35 pm

SINGAPORE (Feb 26): Hotel Properties, which owns the Four Seasons and Hilton hotels in Singapore, reported a 68% rise in FY17 earnings to $179.5 million from $108.6 million a year ago on higher sales and share of results of associates and JVs.

Revenue rose 14.1% to $659.2 million mainly due to sale of completed condominium units from the Tomlinson Heights development as well as better performances by the group’s hotels and resorts.

These contributed to an increase in cash generated from operations to $306 million for the year under review from $159.6 million last year.
...
The board has recommended a first and final one-tier tax exempt cash dividend of 4 cents per share, and a one-tier tax exempt special dividend of 6 cents per share.

More details in https://www.theedgesingapore.com/hotel-p...gher-sales
Specuvestor: Asset - Business - Structure.
Reply
Rainbow 
1H Result as at 30 Jun 2020
Rev $144m (vs 277m)
Gross Loss $3m (vs +71m)
Net Loss $78m (vs +18m)

With various countries starting to re-open their economies and the relaxation of measures previously put in place to curb the spread of COVID-19, more of our hotels and resorts are now back in operation. However, without an effective vaccine, the COVID19 pandemic will continue to cast a shadow over the hospitality industry. The escalating US-China tensions will also weigh on the global economy.
https://links.sgx.com/FileOpen/HPL-Half%...eID=627996

Stay home and stay healthy, valuebuddies.
Heart
Reply
Rainbow 
1H Result as at 30 Jun 2020
Rev $144m (vs 277m)
Gross Loss $3m (vs +71m)
Net Loss $78m (vs +18m)

With various countries starting to re-open their economies and the relaxation of measures previously put in place to curb the spread of COVID-19, more of our hotels and resorts are now back in operation. However, without an effective vaccine, the COVID19 pandemic will continue to cast a shadow over the hospitality industry. The escalating US-China tensions will also weigh on the global economy.
https://links.sgx.com/FileOpen/HPL-Half%...eID=627996

Stay home and stay healthy, valuebuddies.
Heart
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