Corporate digest

Hotel Properties Limited

HOTEL Properties Limited's (HPL) wholly owned subsidiary, HPL Properties (West) Pte Ltd, has formed a joint venture (JV) company with Anchorage View Pte Ltd (AVPL) to acquire a hotel operation and property in West London for about £39.4 million (S$70.2 million).

The issued and paid-up capital of the JV company, HPL Ealing Pte Ltd, is S$10 comprising 10 ordinary shares. It is 70 per cent owned by HPL Properties (West) Pte Ltd, with the remaining 30 per cent stake held by AVPL.