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Datapulse to acquire Seoul hotel for 35b won

Acquisition of Hotel Aropa, expected to be completed in March 2019, is in line with plan to expand the group's business

Published Mon, Dec 17, 2018 · 09:50 PM

Singapore

DATAPULSE Technology has entered into definitive agreements with South Korean company Hotel Prima Co to acquire Hotel Aropa in Seoul for 35 billion won (S$42.7 million).

In a Singapore Exchange filing late on Sunday night, Datapulse said that on Dec 14, it signed a conditional real property sale and purchase agreement to acquire the entire land and building for Hotel Aropa, as well as a conditional asset transfer agreement for the assets, licences, contracts and employees of the hotel.

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