Far East Hospitality of Singapore which manages various hotels across the world has signed a Letter of Intent with Axteria Group in managing the hotel and serviced suites located in Kota Laksamana which encompasses a 16-storey development building with241 hotel rooms and Axteria Eco Sdn. Bhd. encompassing a 44-storey development building with 306 service suites.
Axteria Group has various development under its portfolio including dormitory building, residential and commercial, with Melaka kicking its tourism activity back, the expected influx of tourist is seen as a main driver for the development of hotel accommodation in the state. FEH however is an international premier hospitality owner and operator established in Singapore with a diverse portfolio of ten unique and complementary brands of hotels, serviced residences, and apartment hotels. The hotel management firm operates a combined portfolio of over 16,500 rooms across 105 hotels and services residences in nine (9) countries – Australia, Austria, Denmark, Germany, Hungary, Japan, Malaysia, New Zealand and Singapore, with more in its development pipeline.
In 2020, FEH group was ranked amongst top 100 hotel companies by HotelsMag. FEH is a wholly-owned subsidiary of Far East Hospitality Holdings Pte Ltd, a 70-30 joint venture between, SGX Listed– Far East Orchard Limited and The Straits Trading Company Limited.
