Accor to run Keong Hong JV hotels
These will be Keong Hong's first in the Maldives; JV to also develop an airport there
Singapore
THE joint-venture company of construction group Keong Hong has appointed French hotel group Accor to run its first two hotel properties in the Maldives.
Keong Hong Construction, the wholly-owned subsidiary of Keong Hong Holdings, has a 45 per cent share in Pristine Islands Investment.
Other shareholders Sansui Holding, BRC Asia and L3 Development each own 15 per cent shares; Hotels & Resort Construction owns the remaining 10 per cent of the joint-venture company.
Pristine was set up last July to own, develop and operate the Pullman Maldives Maamutaa Resort and Mercure Maldives Kooddoo Resort, as well as a do…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week