ICP unit to acquire Travelodge trade mark in Asia for A$3m
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Nisha Ramchandani
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ICP's wholly owned subsidiary, ICP (IP), has entered into a sale of trade marks agreement with budget hotel group Travelodge to acquire the registered trade mark rights to the hotel brand name Travelodge in Asia for A$3 million (S$3.51 million).
This covers 22 territories and countries in the region but excludes Australia and New Zealand.
The sum of A$3 million will be fully satisfied in cash, said ICP in a release to the Singapore Exchange yesterday.
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