Deals
Singapore Billionaire Family Bets on Hotels, Plans REIT Listing
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RB Capital, which is bidding for 42 Marriott hotels in the U.K., is seeking to acquire other assets in Europe and expand in Southeast Asia as it prepares to list a hospitality trust in Singapore.
“We are accumulating assets, we are bulking up,” Kishin RK, chief executive officer of Singapore-based property company, said in an interview. “We are waiting for the right time to go out to the markets; we have a sizeable amount of development pipeline under construction.”