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UOL unveils deals to beef up its Indonesian hospitality portfolio

It has acquired 180 apartments in Thamrin Nine's Tower 2 in Jakarta, plans to develop them into serviced suites

Singapore

UOL Group on Monday announced that it has acquired 180 apartments and ancillary facilities at Thamrin Nine's Tower 2 for US$56.3 million from Indonesian developer PT Pu-tragaya Wahana. It plans to develop the apartments into a 180-key Parkroyal Serviced Suites.

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