Hotel and serviced residence owner Far East HospitalityTrust, which completed a $583.8 million Singaporelisting last month, aims to tap Southeast Asia's booming tourismdemand and grow its portfolio value by 50 percent over the nexttwo years, its chief executive said. Far East Hospitality expects to acquire a hotel and twoserviced residences -- Orchard Parksuites and Orchard ScottsResidences -- from its sponsor Far East Organisation within thenext 24 months, increasing its portfolio by more than S$1billion ($813.5 million) from S$2.1 billion currently, CEOGerald Lee said. ...
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