Far East Hospitality Trust (Far East H-Trust) and Astor Properties, a member of the Far East Organization group, have entered into a non-binding memorandum of understanding with The Straits Trading Company to acquire Rendezvous Grand Hotel Singapore and its retail component Rendezvous Gallery Singapore.

Far East H-Trust is exploring the proposed acquisition of a leasehold interest in the property, while the sponsor Far East Organization is exploring the proposed acquisition of the reversionary interest for the remaining leasehold period in the property. Upon the completion of the proposed transactions, Far East H-Trust will also grant a master lease of the hotel component to the sponsor as master lessee under a master lease agreement.

Rendezvous Grand Hotel Singapore is a modern 4.5 star hotel with 298 rooms located in the heart of Singapore’s commercial and cultural district at Bras Basah. The hotel consistently achieves outstanding traveller reviews on Trip Advisor. Rendezvous Gallery Singapore, the hotel’s revamped retail wing, has three levels of retail space dedicated to dining.