Hotel Properties Limited1 (HPL) is an hotelier and an investment holding company. HPL operates in three segments: Hotels, which involves the operations of the hotels and the shopping galleries, as well as the provision of hotel management services; Properties, which includes the rental and sale operations on completed residential properties and commercial units, and Others, which refers to the distribution and retail operations, activities on quoted and unquoted investments and others. The Hotel division has interests in 19 hotels in Singapore, Malaysia, Thailand, Indonesia, Bhutan, the Maldives, Vanuatu and the United States.
During the year ended December 31, 2006, HPL acquired a 70% equity interest in Palmco Hotels Sdn Bhd, the owner and operator of Casuarina Beach Resort in Penang. In January 2007, it acquired the remaining 41% equity interest in Hermill Investments Pte Ltd, which owns Forum The Shopping Mall, a 17-storey retail cum office building in Orchard Road, Singapore.
|Industry||Real Estate Transactions|
|Address||50 Cuscaden Road #08-01 HPL House Singapore 249724 Singapore|
- September 30, 2008 - HPL unit to manage Le Meridien2 - Hotel Properties Ltd (HPL), through wholly owned HPL Hotels & Resorts, is taking over management of the Le Meridien Singapore hotel tomorrow and rebranding it Concorde Hotel Singapore, in line with plans to establish the brand in more markets.