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Singapore – Long Term Partner in Australian Tourism

Karen Wales

Singaporean investors have a long history of investing in Australian hotels. They are currently the second largest ownership group of Australian hotels with almost $9 billion of hotel real estate under their control and a very high proportion of portfolio owners. Singaporean developers are also progressing a number of major hotel development projects, reflecting their strong development expertise and familiarity with the Australian market.

Karen Wales, Director, Transaction Services, Hotels Asia Pacific, Colliers International

Singaporean CapitaLand's The Ascott Limited has acquired a majority stake in Quest Apartment Hotels for $180 million.