Koh Brothers eyes more hotel assets and M&A targets

Singapore

DEFYING market headwinds, Koh Brothers Group is gunning for more hotel assets in Singapore and the UK as well as merger and acquisition (M&A) targets to beef up its construction business.

Managing director and group CEO Francis Koh reckoned that it is time to snap up some hotel assets here in tandem with the increase in Singapore's airport capacity in anticipation of more tourist arrivals.

This is also in line with a medium to long-term target to have construction, building materials and property each contributing 30 per cent of group revenue, and the leisure and hospitality segment making up 10 per cent.

With the current softness in the hotel sector, Mr Koh felt it i…