SUBSCRIBERS

Datapulse to take 15% stake in Seoul hotel for 8.6b won

It is teaming up with Malaysian-based Bizcentre Capital to acquire the 224-room mid-scale hotel

Vivienne Tay

Published Wed, Apr 24, 2019 · 09:50 PM

Singapore

DATAPULSE Technology is acquiring a 15 per cent stake in Seoul's Holiday Inn Express Euljiro hotel for 8.6 billion won (S$10.2 million), as part of a larger deal involving Bizcentre Capital.

Bizcentre Capital is a subsidiary of Plenitude Berhad, a Malaysia-listed investment holding company engaged in property development, property investment and hotel operations.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes