SilverNeedle aiming for 100 properties by 2016

TAPPING the capital or public markets would not be out of the question in the future for Singapore-based SilverNeedle Hospitality, which has a goal of having 100 properties in its stable by 2016.

CEO Iqbal Jumabhoy said this on the sidelines of the company's launch of a new franchising business model for one of its hotel brands yesterday.

"Our business is a capital-intensive business, so at a point in time we will obviously be looking for additional capital," he said.