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CapitaLand invests US$25.9m in Indonesian hotel operator

Move will see its Ascott portfolio jump by close to 20,000 units in 122 hotels across Indonesia, Malaysia and Vietnam for a global total of over 94,000 units

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Yello Hotels - for young, tech-savvy entrepreneurs seeking novel experiences - is one of the brands added to Capitaland's hospitality business as part of the investment.

Singapore

CAPITALAND has invested US$25.9 million for a 70 per cent share in Indonesian company Green Oak Hotel Management (GOHM), the real estate developer announced on Monday.

The investment in GOHM, which is the holding company of Tauzia, one of Indonesia's top five hotel...

sentifi.com

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