Far East H Trust - Value buy..

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28 Mar 2020 07:14 - 28 Mar 2020 14:26 #25290 by divads
Some of the hotels under Far East H Trust are fully occupied even in May. Used for SHN? if so, full occupancy ..
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28 Mar 2020 14:28 #25291 by divads
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28 Mar 2020 19:34 #25292 by divads
www.99.co/blog/singapore/hotel-government-stay-home-notice-shn/



I think Elizabeth under Far East H trust too.


Quote:
Reason #6: The hotels will otherwise be empty anyway


As we all know, tourism is dead for the time being. Hotels are facing dark times and their staff are worried about their livelihoods as
occupancy drops to zero or near zero. So, a contract with the government to provide bulk Stay-Home Notice accommodation
is a godsend, and is a move that will potentially safeguard thousands of jobs in the industry and directly boost the economy,
in addition to the recently announced Resilience Package.
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28 Mar 2020 21:52 #25293 by divads
www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!
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29 Mar 2020 18:52 #25294 by divads
research.uobkayhian.com/content_download.jsp?id=55894& h=a7c89bdd49747e2ee014528e17cfba8

Hospitality REITs to benefit from JSS. Staffing is a significant fixed cost which is hard

to eliminate as hotel occupancies crater in the face of COVID-19 travel restrictions. Under

JSS, for every local employee payroll, hotel operators will receive support for 75% of the

first S$4,600 in gross monthly wages (incl. 25% base support). S-REITs, which have

higher exposure to Singapore hospitality assets, and under managed contracts (ie take

part in operating risk) will benefit most. In this regard, CDREIT (62% SG NPI) and FEHT

(100% SG NPI) are expected to benefit more from the scheme compared to ART (10%

FY19 GP).

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31 Mar 2020 13:48 #25296 by Joes
Replied by Joes on topic Far East H Trust - Value buy..

divads wrote: www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!


--- The above is persuading returnees to self-isolate in the hotels & they have to bear their own room costs, etc. Is that right?
I thought govt whisks them from airport straight to hotel & govt bears the cost of room, etc. Are there 2 different schemes?

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