Over the next five years, Apeejay Surrendra Park Hotels is planning to double its key count to over 5,400 keys. The company has set a target of opening 500 keys every year as part of its asset-light portfolio, Vijay Dewan, managing director at the company, said during its earnings call on Wednesday. According to Dewan
Singapore Marina bay area. getty The real estate markets of Australia, Japan, Korea and Singapore will remain hot spots in the next few years as global investors seek to diversify their portfolios with demand for real estate in China and Europe continues to be soft, according to Christian Ulbrich, global CEO and president of property
The strategy follows the company’s strong operating results in 2023, with total revenue of 19.011 billion baht, up 30.9% year on year and exceeding pre-Covid 2019 levels. The new operating projects, with total investment of over 19 billion baht, will cover all business units, both hospitality and commercial, she said. “Three significant projects have