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The company, which owns the Rendezvous Hotel, also plans to expand in the region. — PHOTO: RENDEZVOUS HOTEL
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MAINBOARD-LISTED Straits Trading will be pumping in more than $190 million to refurbish its hotel assets, as part of plans to strengthen its hospitality business.
The company is also reorganising its hospitality assets under one unit as it embarks on ambitious plans to expand in the Asia-Pacific region. Continue reading
Comments Off on Straits Trading to refurbish its hotel assets
Posted in Developers
Tagged Hotels, Rendezvous Hospitality Group, Rendezvous Hotel, Straits Trading, The Straits Trading Company
Mainboard-listed Straits Trading Company said it’s reorganising its hospitality assets under one unit.
It has set up a wholly-owned subsidiary called Rendezvous Hospitality Group, or RHG, which will own hospitality assets in excess of S$300 million.
These include 13 hotels currently under management and four additional properties under development.
It has appointed Iqbal Jumabhoy as the CEO of this new unit.
He will be responsible for driving growth plans and expanding RHG’s footprint beyond its current Australia and New Zealand base. Continue reading
Comments Off on Straits Trading Co reorganises hospitality assets under one unit
Posted in Developers
Tagged Hotels, Rendezvous Hospitality Group, Straits Trading, The Straits Trading Company
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