HPL appoints IHG to manage upcoming 83-room Maldives resort
Singapore
SINGAPORE-BASED Hotel Properties Limited (HPL) has inked a management agreement with InterContinental Hotels Group (IHG) to manage an 83-room resort that will be open in Maldives in three to five years' time.
This will be the third resort that IHG will be managing for HPL. It will mark the first time that IHG will bring its global luxury brand, InterContinental Hotels & Resorts, to the Maldives, said Jan Smits, IHG's chief executive for Asia, Middle East and Africa (AMEA).
The management contract for the upcoming InterContinental Maldives Maamunagau Resort with HPL was inked on Monday. Construction has yet to begin, and neither HPL nor IHG would provide a number on the project's dev…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses