Toga Hotels is proud to announce that it will assume management or provide consultancy to 11 Rendezvous Hotels across Australia and New Zealand. The extension of Toga's portfolio stems from the recent joint venture between parent company Toga Group and Far East Hospitality Holdings (Far East Hospitality). Far East Hospitality was formed by a separate joint venture between Singapore-listed company Far East Orchard Limited and The Straits Trading Company Limited. 

Toga Hotels will initially assume responsibility for the management of the Rendezvous Grand Hotel Perth Scarborough, Rendezvous Studio Hotel Perth Central, Rendezvous Grand Hotel Melbourne and Rendezvous Grand Hotel Adelaide as part of a transition that will increase its accommodation offering to more than 65 hotels across Australia, New Zealand and Europe. 

Far East Hospitality's joint venture with Toga Group positions Toga Hotels as one of the largest hospitality management platforms in Australia. This joint venture also expands Far East Hospitality's portfolio with award-winning brands, adding the Adina Apartment Hotels, Medina Serviced Apartments, Vibe Hotels and Travelodge to its existing portfolio which comprises Quincy, Oasia, Rendezvous, Village, Far East Collection and Marque.

Ms Rachel Argaman, Chief Executive Officer of Toga Hotels, said: "We are delighted to be working in partnership with Far East Hospitality to further extend our hotel management business to include Rendezvous Hotels into our portfolio. This joint venture marks an important milestone for Toga Hotels as we continue to expand our collection of hotels across Australia and New Zealand."

The joint venture between Toga Group and Far East Hospitality is in-line with Toga Hotels' ongoing growth strategy. Toga Group and Far East Hospitality will be able to combine their financial resources to pursue more yield accretive acquisitions and growth opportunities, either in hospitality-related assets or hospitality management business. At the same time it is envisaged that the combined operations will draw potential cost savings and greater operational efficiencies for both Far East Hospitality's and Toga Hotels' operations. 

Mr Arthur Kiong, Far East Hospitality's Chief Executive Officer commented: "We are excited about starting this new chapter in Australia as we expand our geographic footprint together with Toga Hotels. As Asia Pacific will continue to lead as the fastest growing travel region, this strategic move allows us to be well placed to seize opportunities, while underscoring Far East Hospitality's aggressive, yet disciplined approach in growth plans to expand beyond the Singapore market and into the region. 


MEDIA CONTACT:
Janelle Neeve
jneeve@toga.com.au
+ 61 (0) 2 9356 1005


Notes to editors

• Far East Hospitality is the current owner of the Rendezvous brand of hotels. 
• Far East Hospitality has assumed management of Rendezvous Grand Hotel Singapore and Rendezvous Merry Hotel Shanghai. 
• Bookings for Rendezvous Hotels can be made on the Rendezvous Hotel website at www.rendezvoushotels.com , www.togahotels.com  or www.stayfareast.com . 

About Toga Hotels 
Toga Hotels is a leading accommodation provider, offering more than 65 hotels (57 existing portfolio plus Rendezvous portfolio under management or consultancy contract) across Australia, New Zealand and Europe, with its joint venture partner Far East Hospitality. Toga Hotels' brands include: Adina Apartment Hotels, Medina Serviced Apartments, Vibe Hotels, Travelodge Hotels and Rendezvous. 

These brands represent over 9,000 apartments and hotel rooms which vary in price, location and design to meet a range of different accommodation needs. For more information about Toga Hotels visit www.togahotels.com 

• Adina Apartment Hotels in 27 locations (Australia and Europe). Other locations coming soon include Adina Apartment Hotel Royal Randwick Racecourse (2015).
• Medina Serviced Apartments in four locations (Australia). 
• Vibe Hotels in seven locations (Australia). Soon to be eight with the addition of Vibe Hotel & Conference Centre Marysville (2014).
• Travelodge Hotels in 19 locations (Australia and New Zealand). Soon to be 21 with the opening of Travelodge Hotel Mariners Tuggerah (2014) and Travelodge Mascot (2015).
• Rendezvous Hotels in 11 locations (Australia & New Zealand)

About Far East Hospitality
Far East Hospitality Holdings Pte Ltd (Far East Hospitality), a premier hospitality assets owner and operator, is a 70-30 joint venture formed in 2013 between Far East Orchard Limited (a listed company under Far East Organization) and The Straits Trading Company Limited. In the same year of its formation, Far East Hospitality through its wholly-owned subsidiary Far East Hospitality Investments (Australia) Pte Ltd, completed a 50-50 joint venture with Australia's Toga Group.  With the joint ventures, Far East Hospitality has established itself as a regional hospitality owner and operator with a sizeable overseas network. It now has a combined portfolio of more than 13,000 rooms under management across more than 80 hotels and serviced residences in eight countries - Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand and Singapore.

Far East Hospitality's stable of nine unique and complementary brands - "Quincy", "Oasia", "Village", "Rendezvous", "Adina", "Medina", "Vibe", "Travelodge" and "Marque" - present excellent opportunities for cross-selling initiatives across the different brands and geographic markets, offering guests with a greater diversity of choices and locations.     

For more information, visit www.stayfareast.com .