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SilverNeedle not eyeing Singapore hotel deals now

CEO Jumabhoy wonders whether costs here will match yields; focuses on NZ and Australia

Mr Jumabhoy concedes that Australia's pace of growth has slowed, but says it is by no means in any recession.


SINGAPORE-BASED SilverNeedle Hospitality, which recently opened the first Next Hotel in Brisbane and is adding more properties in Thailand and Sri Lanka, is less keen on Singapore hotel deals, however.

In a recent interview, CEO Iqbal Jumabhoy said that while he wouldn't...

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