Frasers Hospitality has appointed Mr Mak Hoe Kit as its new Chief Investment Officer (CIO) responsible for overseeing the investment and acquisition strategy of hospitality assets including the enhancement of non-REIT assets to maximise overall investment potential. Hoe Kit brings to the group extensive real estate investment, asset management and fund management experience and is tasked with further developing its business growth and expansion strategy.
Hoe Kit said, “Frasers Hospitality is embarking on a fast-growth journey. I am excited and inspired by the amount of energy and dynamism in this group. We want to grow aggressively but in a disciplined way. Along with the growth, we will give a memorable experience to our guests and a memorable return to our owners, shareholders and investors.”
Hoe Kit joins Frasers Hospitality from private equity fund manager Northstar Group, where he was the Executive Director (Real Estate) for the South East Asia region. His prior experience includes Executive Director and Co-Leader for Real Estate Deals at Ernst & Young, Senior Vice President of Direct Investments & Private Equity at Pacific Star and Director of Business Development & Asset Management for IndoChina at The Ascott Group Limited. He has executed deals in the region in various asset classes exceeding US$3 billion. Hoe Kit spent the early part of his career at NatSteel Group, where he fast-tracked from an Executive to the role of Vice President of Corporate Development within seven years.
A CFA Charter holder, he is also an active volunteer with Chartered Financial Analyst Institute and was an ex-Honourary Auditor for the Singapore Society of Financial Analysts. He holds a Bachelor degree in Electrical Engineering from the National University of Singapore where he graduated with Second Class Upper Honours, as well as a Masters of Science (Real Estate).
Frasers Hospitality’s global portfolio, including those in the pipeline, stands at 129 properties in 77 key gateway cities, and more than 21,000 apartments worldwide. It is on track to double its inventory to 30,000 residence units over the next five years.
