Far East Consortium
| Company type | public |
|---|---|
| SEHK: 35 | |
| Industry | Property Development, Hotel and Car Park |
| Founded | Deacon Chiu |
| Headquarters | 16/F, Far East Consortium Building, 121 Des Voeux Road, Central, Hong Kong |
Key people | David Chiu (Chairman, Board of Directors) |
| Website | fecil.com.hk |
Far East Consortium International Limited （"FEC"）(SEHK: 35) was listed on the Hong Kong Stock Exchange in 1972. It is founded by Deacon Chiu. Since then, the Group has built a strong foundation in the region enhanced by the local knowledge of its on-ground teams. This approach has enabled the Group to expand rapidly in the past decade, transforming into a regional conglomerate engaged in property and hospitality in addition to car park management and facilities management.
FEC is mainly engaged in property development and investment, hotel operation and management, car park operation as well as property management services. The Group adopts geographical diversification and "Chinese wallet" strategy, with business covering Hong Kong, Mainland China, Australia, Malaysia, Singapore, the United Kingdom and New Zealand.[1]
As stated on results announcement for the six months ended 30 September 2015, FEC has a huge residential and mixed-use project portfolio across different markets in Hong Kong, China, Australia, Malaysia and the United Kingdom. At the end of 2014, FEC signed a consortium bid agreement with Chow Tai Fook Enterprises Limited and Echo Entertainment Group Limited to bid for the development of an entertainment precinct and integrated resort in Brisbane with approximately 9.4 hectares of site area. In July 2015, Destination Brisbane Consortium was selected by the Queensland State as the preferred proponent to undertake the Project. The Project entails the development of an entertainment precinct and integrated resort as well as residential development at Queen’s Wharf Brisbane, Queensland, Australia.[2]
Property development
FEC has a significant pipeline of residential projects, which are located in Hong Kong, Mainland China, Australia, Malaysia and the United Kingdom. Currently the Group has 21 active residential property development projects with expected attributable saleable floor area of approximately 6.6 million sq. ft. under various stages of development across the regions. It also has a land bank of approximately 4.8 million sq. ft. of floor area. With a total property development pipeline of approximately 11 million sq. ft., the Group’s development is poised for continued growth in the coming years. FECIL is also one of the largest property developers in Melbourne, with more than 10 years’ experience in the region.
Hotel business
The company currently operates 20 hotels with approximately 6,000 rooms, located in Hong Kong, mainland China, the United Kingdom, Singapore and Malaysia and had 12 owned hotels in the development pipeline. When all the hotels in the pipeline become operational, the Group will have 32 owned hotels with more than 9,000 rooms.
Car park operations and facilities management
FEC is top three car parking chain brands in Australia. The market share is approximately 20%. As at 30 September 2015, the Group’s car park portfolio comprised 351 car parks with approximately 70,700 car parking bays.
This division expanded its operation to include facilities management in Australia (mainly in Brisbane, Melbourne and Adelaide) and Johor Bahru, Malaysia. It is expected that the car park operations and facilities management business will grow steadily.
Milestone
1972
Far East Consortium International Limited (SEHK: 35) listed at Hong Kong Stock Exchange, specialized in property development.
1998
The first hotel in Malaysia, Dorsett Regency Kuala Lumpur commenced operations.
The launch of Shanghai California Garden – Phase 1
2003
Acquired the flagship hotels of Cosmopolitan, Wan Chai, Hong Kong
2007
Acquired the first hotel at Wuhan, China Dorsett Hospitality International Limited (Dorsett, HKSE: 2266), （formerly known as Kosmopolito Hotels International Limited ）established at Cayman Islands
2008
Announced its regionalization strategy and begun its journey to transform the Group into a regional conglomerate with property development and hospitality interests
Acquired the Upper West Side development site in Melbourne, Australia
2009
Acquired 74% stake in Care Park, a leading car park operator in Australia and New Zealand
Purchased its first hotel site in Singapore, which opened in 2013.
2010
Kosmopolito Hotels International Limited (HKSE: 2266, KHI) listed at Hong Kong Stock Exchange and raised HK$1.19 billion
2011
KHI entered London market through acquiring its first hotel site at Shepherd's Bush, which opened in 2014
2012
Carried out a renewal of its capital structure and repurchased and deregistered 11.7% of its shares, which enhanced the net asset value per share and improved the dividend per share.
Kosmopolito Hotels International Limited renamed as Dorsett Hospitality International Limited
2013
Issued its debut CNY 1 billion 3-year bonds.
Dorsett issued its debut CNY 850 million 5-year bonds.
Dorsett signed four new hotel management contracts covering 1,100 rooms in Malaysia.
Acquired a residential site at 250 Spencer Street, Melbourne, which substantially enlarged its land bank in Australia.
2014
FEC's property development division expanded to London and acquired its first residential development site at Canary Wharf
Entered the Perth market and secured a development opportunity at Elizabeth Quay
Entered the facilities management business with the acquisition of a Melbourne-based company
Won a number of government tenders in Hong Kong, including the residential site in Tai Wai
Acquired the first URA Hai Tan Street in Sham Shui Po Development Project.
Signed a consortium bid agreement with Chow Tai Fook Enterprises Limited and Echo Entertainment Group Limited to bid for the development of an entertainment precinct and integrated resort in Brisbane with approximately 9.4 hectares of site area.
2015
Develops luxury hotel and mixed-use property project at 250 Spencer Street, Melbourne in Australia. With 250 rooms, the iconic Ritz-Carlton hotel will be the highest hotel in Australia.
Destination Brisbane Consortium, a joint venture between FEC Australia, a wholly owned subsidiary of the Company, Echo and Chow Tai Fook Enterprises Limited was selected by the Queensland State as the preferred proponent to undertake the Project. The Project entails the development of an entertainment precinct and integrated resort as well as residential development at Queen’s Wharf Brisbane, Queensland, Australia.
Privatization of Dorsett Hospitality International in October 2015.
Successful tender of a residential development project at Alexandra View, Singapore in November 2015. The site is located next to Redhill MRT station in Singapore, within an established residential estate and near commercial amenities such as Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra in Singapore.
Dorsett Hospitality International, formerly known as Kosmopolito Hotels International (HKEx Stock Code: 2266), is an international hotel and hospitality organization. Established in 2007, the company is a subsidiary of Far East Consortium International (HKEx Stock Code: 0035). Listed on the Hong Kong Stock Exchange in October 2010, the company develops, owns and manages hotels across several countries with a specific focus in the Asia region. Hotels can be found throughout Hong Kong, Malaysia (Kuala Lumpur, Johor Bahru, Labuan and Subang), China (Shanghai, Chengdu, Jiujiang and Wuhan), Singapore and the United Kingdom (London).
Hotels
Hong Kong
Malaysia
| Dorsett Hotels & Resorts | Silka Hotels |
|---|---|
| Dorsett Grand Labuan | Silka Cheras |
| Dorsett Grand Subang | Silka Johor Bahru |
| Dorsett Kuala Lumpur | Silka Maytower Kuala Lumpur |
| Dorsett Putrajaya |
China
Singapore
London
Awards
2007
Cosmopolitan Hotel Hong Kong
- "Silver Adrian Award in Search Marketing Strategy category, web marketing" in the 51st Adrian Award by Hospitality Sales & Marketing Association International (HSMAI)
- "eMarketer of the Year - Asia Pacific" in the 51st Adrian Award
Lan Kwai Fong Hotel @ Kau U Fong, Hong Kong
- "Top 10" by the collection of 14th Asia Pacific Interior Design Award
- "The Best Boutique Hotel in Asia" by Travel Weekly Asia Industry Awards 2007
2008
Lan Kwai Fong Hotel @ Kau U Fong, Hong Kong
- "Hong Kong's Leading Boutique Hotel" by World Travel Awards 2008
- "Outstanding Enterprises - Boutique Hotel" by Hong Kong Business High Flyers Awards 2008
- "Best Boutique Hotel of China" by China Hotel Starlight Awards 2008
Central Park Hotel, Hong Kong
- Finalists of "Hong Kong's Leading Boutique Hotel" by World Travel Awards 2008
2009
Cosmopolitan Hotel Hong Kong
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2009
Lan Kwai Fong Hotel @ Kau U Fong, Hong Kong
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2009
- Celebrity Cuisine awarded as Michelin One Star Restaurant
- "Asia's Leading Boutique Hotel" by World Travel Awards 2009
Grand Dorsett Subang Hotel, Malaysia
- "Ethnic Malay Cuisine-Silver Medal" of Malaysian Culinaire Competition KLCC by Malaysian Culinary Association
- "Fish or seafood Main Course-Silver Medal (2 winners)" of Malaysian Culinaire Competition KLCC by Malaysian Culinary Association
- "Apprentice Chicken & Salmon Main Course-Bronze Medal" of Malaysian Culinaire Competition KLCC by Malaysian Culinary Association
- "Mediterrenean Table Set Up - Bronze Medal" of Malaysian Culinaire Competition KLCC by Malaysian Culinary Association
- "Service Excellence Award" of The Award for Industrial Excellence by Ministry of International Trade & Industry
Dorsett Johor Hotel, Malaysia
- "Gems Awards or Anugerah Permata (three star)" of Johor Tourism Awards 2009 by Menteri Besar Abdul Ghani Othman
Dorsett Regency Hotel, Malaysia
- "1st Placing Hospitality Category" of Global Emerging Knowledge Organisation Award (GEKO) by JT Frank presented by Deputy Minister of Higher Education
- "Fellow" of Visionary Knowledge Leadership For Global Emerging Knowledge Organisation Award (GIKEN) by JT Frank presented by Deputy Minister of Intl Trade and Industry (General Manager - Ms Christina Toh)
- "Fish or Seafood Main Course-Bronze Medal" of Malaysian Culinaire Competition KLCC 2009 by Food Hotel Malaysia (FHM)
- "Plated Dessert-Silver Medal" of Malaysian Culinaire Competition KLCC 2009 by Food Hotel Malaysia (FHM)
2010
Grand Dorsett Subang Hotel, Malaysia
- "Gold Winner of Global Award 2010" by Business Productivity (Deputy Finance Minister)
- Grand Dorsett Subang Hotel won the Service Provider of the Year category and Smart Partnership category at the 4th Business of the Year Award 2009 ceremony
Cosmopolitan Hotel Hong Kong
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2010
Lan Kwai Fong Hotel @ Kau U Fong, Hong Kong
- Recommended hotel in Fodor's Choice 2010
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2010
- Celebrity Cuisine awarded as Michelin One Star Restaurant 2010
Cosmo Hotel Hong Kong
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2010
Central Park Hotel, Hong Kong
- Wagyu Kaiseki Den awarded as Michelin One Star Restaurant 2010
Far East Consortium International Limited
- Gold Winner of Mercury Excellence Awards 2011/2012, International Academy of Communications Arts and Sciences/ MerComm Honoring Outstanding Achievement in Public Relations and Corporate Communications Annual Reports- Overall Presentation: Property Development
Kosmopolito Hotels International
- "Outstanding High-Growth Company (Hotel) 2011" of "Quamnet Outstanding Enterprise Awards" by Quamnet.com
Dorsett Regency Kuala Lumpur
- "Top Hotel Partner Award 2011" by Gullivers Travel Associates (GTA)
Cosmopolitan Hotel Hong Kong
- "Best Partner Award 2011" by Travelocity
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2011
Yue Shanghai Hotel
- "The Most Charming Boutique Hotel 2011" by China Network of Tourism and Leisure from the China Tourism Association
The Mercer
- "Outstanding Enterprises - Boutique Hotel" by Hong Kong Business High Flyers Awards 2011
Cosmo Hotel Hong Kong
- Recommended as "Comfortable Hotel in Hong Kong" by Michelin Guide Hong Kong and Macau 2011
Cosmo Hotel Mongkok
- "Gold Circle Award" by Agoda
Grand Dorsett Subang Hotel, Malaysia
- "Festival Diners' Choice - Best Use of the Festival Theme Award of Excellence" by Malaysia International Gourmet Festival
- "Festival Diners' Choice - Most Outstanding Soup of the Festival Award of Excellence" by Malaysia International Gourmet Festival
- "Festival Master Chef - Chef Robin Chua" by Malaysia International Gourmet Festival
Silka Far East Hotel
- "Gold Circle Award" by Agoda
2012
Dorsett Wuhan
- Awarded Business Hotel of the Year 2013 at the 'Five-star Golden Award' ceremony organised by China Tourism Promotion Association, China Hotel Industry Association and; Chinese Foreign Tour and Hotel Periodical Office.
Dorsett Hospitality International
- Winner of the Best Small Cap Company Award by Asiamoney under the Best Managed Company Awards - Hong Kong
- Winner of the prestigious Hong Kong's Most Valuable Company Award 2012 accorded by Mediazone Group
Silka Far East
- Winner of the Agoda.com Golden Circle Award
Cosmopolitan Hotel Hong Kong
- Honoured as a "Caring Company" in the Caring Company Scheme 2011/12 by The Hong Kong Council of Social Service
Cosmo Hotel Mongkok
- "Certified Green Hotel" by Green Globe Certification
Cosmo Hotel Hong Kong
- Certified Green Hotel" by Green Globe Certification
Grand Dorsett Labuan
- "2012 Certificate of Excellence" by TripAdvisor
Lan Kwai Fong Hotel @ Kau U Fong
- "HotelClub Hotel Awards 2012-Hottest Spot to Discover Hong Kong Heritage" by HotelClub
- Named as Hong Kong's Leading Boutique Hotel at the World Travel Awards 2012
2013
Dorsett Wuhan
- China Top Ten Best Preferred Commercial Hotels for Y2013
Dorsett Shanghai
- Best Service Hotel - Deluxe Award by CHA 2012-13 China Hotel Awards
- Gold Circle Award by Agoda.com
Dorsett Mongkok
- Winner of the Adrian Award and WebAward
- Green City Hotel by Hong Kong Business Magazine's "High Flyers Awards"
Cosmopolitan Hotel Hong Kong
- "Top Themed Hotels of China" at the 8th China Starlight Awards Ceremony
Cosmo Hong Kong
- "Green City Hotel" by Hong Kong Business Magazine's "High Flyers Awards"
- Best of Expedias VIP Access® Hotels by Expedia.com Global VIP Access
Silka West Kowloon
- "The Most Outstanding Business Hotel 2013" by GHM (Guangdong, Hong Kong, Macao) Hotel General Managers Society
Lan Kwai Fong@Kau U Fong
- "Hong Kong's Leading Boutique Hotel" by World Travel Awards
Dorsett Regency Hong Kong
- Travelers' Choice 2013 - Top 20 Bargain Hotels in China by TripAdvisor
Dorsett Grand Subang
- The Best 5 Star Hotel in the State of Selangor at the Selangor Tourism's Appreciation Award's Night 2013
Dorsett Hospitality International
- Certificate of Excellence by TripAdvisor
- Cosmo Hotel Hong Kong
- Cosmo Hotel Mongkok
- Cosmopolitan Hotel Hong Kong
- Dorsett Regency Kuala Lumpur
- Dorsett Shanghai
- Lan Kwai Fong Hotel@ Kau U Fong
- The Mercer
2014
Dorsett Hospitality International
- Winnie Chiu - Listed in Forbes Asia's 2014: Asia's Power Businesswomen 12 to Watch List
- Best Valued Hotels Group Award 2014 accorded by Mediazone Group
- Awarded the Caring Company Logo by The Hong Kong Council of Social Service
The Mercer
- "Hong Kong's Most Valuable Boutique Hotel 2014" by Mediazone
Dorsett Kwun Tong
- Nominated as Caring Company by St James' Settlement and YMCA of Hong Kong
- TripAdvisor 2014 Travelers' Choice Award - Top 25 Bargain Hotels in China
- Caring Company Logo by Hong Kong Council of Social Service
- Barrier-free Companies/Organisations recognition by Hong Kong Council of Social Service
- 'Best Guest Review Awards 2014' by Booking.com
- Service Excellence Hotel Of The Year awarded at the 2014 Golden Pearl Awards by the Guangdong Hong Kong Macau (GHM) Hotel General Managers Society*
- Unique Design Hotel Of The Year awarded at the 2014 Golden Pearl Awards by the Guangdong Hong Kong Macau (GHM) Hotel General Managers Society*
- 2014 Certificate of Excellence awarded by DaoDao.com (TripAdvisor)
Cosmopolitan Hotel Hong Kong, Cosmo Hotel Hong Kong and Dorsett Mongkok, Hong Kong
- Honoured with Corporate Citizenship Logo Award 2014 by the Hong Kong Productivity Council (HKPC)
Dorsett Mongkok
- TripAdvisor 2014 Travellers' Choice Award
- EarthCheck Bronze Benchmarked Logo 2014
- Awarded the Caring Company Logo by The Hong Kong Council of Social Service
Cosmo Hotel Hong Kong
- EarthCheck Bronze Benchmarked Logo 2014
- Honoured with the Best of Expedia's VIP Access® Hotels in 2013
- Awarded the Caring Company Logo by The Hong Kong Council of Social Service
Dorsett Regency Kuala Lumpur
- Best 5 General Manager of the Year in Malaysia by Hospitality Asia Platinum Awards (HAPA)
- Best 3 in Malaysia for Human Resources Excellence Award by Hospitality Asia Platinum Awards (HAPA)
Silka Maytower Hotel & Serviced Reisdences, Kuala Lumpur
- Gold Award accorded at the 2014 Kuala Lumpur Mayor's Tourism Award presentation
Dorsett Grand Chengdu
- 2014 Award of Excellence by Booking.com
2015
Far East Consortium International Limited
- 2015 Asiamoney Best Managed Company Award (Small Cap)
- Top 4 Best Company in Asia for Corporate Governance in Asiamoney Corporate Governance Poll 2015
- Top 3 Best for Shareholder’s Rights & Equitable Treatment across Asia (excluding Japan) in Asiamoney Corporate Governance Poll 2015
- Top 3 Best Overall for Corporate Governance in Hong Kong in Asiamoney Corporate Governance Poll 2015
- Top 3 Best for Disclosure & Transparency in Hong Kong in Asiamoney Corporate Governance Poll 2015
- Top 2 Best for Shareholder’s Rights & Equitable Treatment in Hong Kong in Asiamoney Corporate Governance Poll 2015
- Top 3 Best for Responsibilities of Management and Board of Directors in Hong Kong in Asiamoney Corporate Governance Poll 2015
- Top 3 Best Investor Relations in Hong Kong in Asiamoney Corporate Governance Poll 2015
- Top 3 Best for Corporate Social Responsibility in Hong Kong in Asiamoney Corporate Governance Poll 2015
- 2015 Grand Prix for Overall Investor Relations (Small Cap) by IR magazine
- Best in Sector: Real Estate by IR magazine
- Top 4 Best Investor Relations Officer (Small and Mid Cap) by IR magazine
- Bronze Award in the “2015 iNOVA Awards competition"
Dorsett Hospitality International
- Dorsett Hospitality International Staked Claim for the "Best Hotel Chain (Regional)" Award Travel Weekly Asia Reader's Choice Award
King's Manor, Shanghai
- 2015 utmost Potential Properties Netease
- 2015 Chinese High Quality Property Award SouFun
Dorsett Tsuen Wan
- Best New Hotel in Hong Kong awarded at the 8th Annual TTG China Travel Awards
- MICE Hotel of the Year 2015 by GHM (Guangdong, Hong Kong, Macao) Hotel General Managers Society
Dorsett Singapore
- 2015 Certificate of Excellence by TripAdvisor
- Luxury Contemporary Hotel Of The Year award by Luxury Travel Guide
Dorsett Grand Labuan
- 2015 Certificate of Excellence by Trip Advisor
Dorsett Kwun Tong
- Certificate of Excellence 2015 by TripAdvisor
- Caring Company's recognition by Hong Kong Social Service Council
- 2015 Certificate of Excellent by Hotels.com
Dorsett Shanghai
- 2015 China Most Preferred Hotel and 2015 China's Best Excellence Service Hotel Award accorded at the 12th Golden China
- Awards Public Selection Committee and the Beautiful China Hotel Leader Summit
- 2015 Certificate of Excellent by Hotels.com
Dorsett Grand Chengdu
- The Award for Best Cooperation 2015 by Booking.com
Dorsett Mongkok
- 2015 Certificate of Excellence by TripAdvisor
Dorsett Shepherds Bush, London
- 2015 Certificate of Excellence by TripAdvisor
- Hammersmith Society's prestigious environment Awards
- Schueco Design Excellence Award in the refurbishment category
- Best New Hotel in London 2015 by Fodor's
2016
Far East Consortium International Limited
- Best Listed Company in the 2015 China Financial Market Listed Companies Awards
External links
Now the owners off HULL TIGERS AFC