This is Far East Orchard’s fourth investment in Bristol. The city of Bristol is regularly named one of UK’s best cities to live in and is one of the UK’s leading university cities. Bristol is home to two major universities – the University of Bristol (UoB), which is part of the Russell Group and the University of the West of England. The site is located less than 1km from UoB’s new campus, the Temple Quarter Enterprise Campus – an anchor investment in Temple Meads regeneration plans. The development is expected to be fully completed in 2027.
Through its hospitality partnerships with The Straits Trading Company and Toga Group, Far East Orchard’s hospitality arm — Far East Hospitality — now owns more than 10 hospitality assets and manages over 100 properties with more than 18,000 rooms across Australia, Austria, Denmark, Germany, Hungary, Japan, Malaysia, New Zealand, and Singapore. Its stable of 10 complementary hospitality brands are Oasia, Quincy, Rendezvous, Village, Far East Collection, A by Adina, Adina Hotels, Vibe Hotels, Travelodge Hotels and Collection by TFE Hotels. Far East Orchard currently has a PBSA portfolio in the UK comprising more than 3,500 beds in the cities of Brighton, Bristol, Leeds, Liverpool, Newcastle upon Tyne and Sheffield.
As at June 14, Far East Orchard is trading at just 0.47 times its net asset value of $2.27.
